ATLANTA (AP) _ Atlantic Capital Bancshares Inc. (ACBI) on Thursday reported second-quarter net income of $1.8 million.
The bank, based in Atlanta, said it had earnings of 9 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The bank holding company posted revenue of $26.5 million in the period. Its revenue net of interest expense was $24.3 million, exceeding Street forecasts. Four analysts surveyed by Zacks expected $23.5 million.
Atlantic Capital Bancshares shares have dropped 39% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.25, a decrease of 34% in the last 12 months.