Cascade Financial Corp. (CASB) posted third-quarter net income available to common stockholders of $1.04 million or $0.09 per share compared with a net loss of $6.6 million or $0.55 per share in the same quarter last year.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.53 per share. Analysts' estimates typically exclude special items.
Net-interest income declined to $10.9 million, down 15%, from $12.8 million in the year-ago period and total other income for the quarter was $3.2 million, down 36%, from $2.3 million in the previous year period.
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