CapitalMark profits double

CapitalMark profits double

April 13th, 2012 by Staff Report in Business Around the Region

CapitalMark Bank & Trust more than doubled its first-quarter earnings.

The Chattanooga-based bank said Thursday it earned $1.5 million, or 21 cents per share, in the first three months of the year.

First-quarter earnings were up nearly 110 percent above the year-ago period.

Assets grew to $710 million, up nearly 45 percent from a year ago.

"Our credit quality, which compares favorably to our peers, continues to strengthen," said R. Craig Holley, CapitalMark's chairman, president and CEO.