Cascade Financial Reports Record Second Quarter with EPS up 17%; Year-to-Date Profits Rise 21%.
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Cascade Financial Reports Record Second Quarter with EPS up 17%; Year-to-Date Profits Rise 21%.
Business Editors
EVERETT, Wash.--(BUSINESS WIRE)--July 22, 2003 Cascade Financial Corporation (Nasdaq:CASB), parent company of Cascade Bank, today reported record profits for the second quarter and first half of 2003, propelled by strong growth in business loans and retail deposits. Second quarter profits increased 17% to $2.4 million, or $0.35 per diluted share, compared to $2.0 million, or $0.30 per diluted share, in the second quarter of 2002. For the first half of 2003, profits increased 21% to $4.7 million, or $0.69 per diluted share, compared to $3.9 million, or $0.59 per diluted share, in the six-month period ended June 30, 2002. "Continuing success in building relationships with local businesses in both Snohomish and East King Counties has contr...See the full content of this document
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