Cardinal Financial (CFNL) Misses Q4 EPS by 4c
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Cardinal Announces Record Annual Earnings; Surpasses $4.0 Billion Total Assets
January 20, 2016 12:17 PM ESTTYSONS CORNER, Va.--(BUSINESS WIRE)-- Cardinal Financial Corporation (NASDAQ: CFNL) (the Company) today reported that earnings for the 2015 year were a record $47.3 million, compared to $32.7 million for the 2014 year. Diluted earnings per share increased 43% to $1.43 compared to $1.00 per diluted share for 2014. Pre-tax, pre-provision, pre-merger and acquisition profits increased 30% to $73.3 million for 2015 compared to $56.4 million for 2014. For the year ended 2015, return on assets and return on equity were 1.29% and 11.76%, respectively.
For the fourth quarter of 2015, earnings were $9.0 million, or $0.27 per diluted share, compared to $10.5 million, or $0.32 per diluted share, for the quarterly period ended December 31,... More
