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Atlantic Coast Financial posts 3Q profit

JACKSONVILLE, Fla. (AP) _ Atlantic Coast Financial Corp. (ACFC) on Tuesday reported third-quarter earnings of $1.1 million.

The bank, based in Jacksonville, Florida, said it had earnings of 7 cents per share.

The holding company for Atlantic Coast Bank posted revenue of $9.9 million in the period. Its adjusted revenue was $8 million.

Atlantic Coast Financial shares have increased 33 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.03, an increase of 38 percent in the last 12 months.


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