Atlantic Capital Bancshares posts 3Q profit

ATLANTA (AP) _ Atlantic Capital Bancshares Inc. (ACBI) on Friday reported third-quarter net income of $4.1 million.

The bank, based in Atlanta, said it had earnings of 16 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.

The bank holding company posted revenue of $27.8 million in the period. Its adjusted revenue was $23.8 million, which also missed Street forecasts. Three analysts surveyed by Zacks expected $26.2 million.

Atlantic Capital Bancshares shares have declined 8 percent since the beginning of the year. The stock has risen 16 percent in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on ACBI at