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Entegra: 3Q Earnings Snapshot

Entegra: 3Q Earnings Snapshot

Associated Press

FRANKLIN, N.C. (AP) _ Entegra Financial Corp. (ENFC) on Thursday reported third-quarter net income of $3.5 million.

The Franklin, North Carolina-based bank said it had earnings of 50 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 51 cents per share.

The holding company for Macon Bank posted revenue of $17.9 million in the period. Its revenue net of interest expense was $14.3 million, missing Street forecasts.

Entegra shares have fallen 17 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $24.22, a decline of nearly 8 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ENFC at https://www.zacks.com/ap/ENFC