Cascade Financial Corp. (CASB) posted fourth-quarter net income available to common stockholders of $521 thousand or $0.04 per share compared with $11.1 million or $0.18 per share in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report a loss of $0.18 per share for the quarter. Analysts' estimates typically exclude special items.
Net-interest income for the quarter declined to $10.4 million from $11.1 million and total other income was $7.6 million compared with $1.9 million in the prior year period.
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