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20.04.2016 19:34:47

Cardinal Financial Q1 Profit Falls 4.4%, But EPS Tops Expectations

Cardinal Financial Corporation (NASDAQ: CFNL) reported 4.4percent drop in its net income to $13.1 million in the March quarter from $13.7 million in the comparable quarter of the last year. Its earnings also dipped 7.1 percent to $0.39 a share from $0.42 a share in the previous year quarter. However, earnings topped Street analysts' expectations by $0.07 a share.According to the company, its net interest income grew 12 percent to $30.7 million from $27.4 million. Its net interest margin also rose to 3.31 percent from 3.25 percent in the comparable period. Total non-interest and interest income advanced 16.9 percent to ...Full story available on Benzinga.com

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