|
|
News Breaks
|
November 1, 2009
|
| 16:05 EDT |  | CTBK |
| theflyonthewall.com: | CityBank reports Q3 EPS ($2.26) vs. consensus of (76c) | | The primary causes for the net loss were a reduction in interest income of $16.73 million, a non-cash provision for loan losses of $25.42 million and non-cash valuation adjustment for foreclosed real estate of $669 thousand for the three months ended September 30, 2009. The non-cash charges, totaling $26.09 million, represent the Bank’s estimate of changes in the appraised value of loan collateral and foreclosed real estate due to the ongoing disruptions in residential construction sales. :theflyonthewall.com |
|
|
News For CTBK From The Last 14 Days Check below for free stories on CTBK the last two weeks.
| Sign up for a free trial to see the rest of the stories you've been missing. |
There are no results for these search parameters.
|
|
|
|
