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CoBiz posts 4Q profit

DENVER (AP) _ CoBiz Financial Inc. (COBZ) on Thursday reported fourth-quarter profit of $8.7 million.

The bank, based in Denver, said it had earnings of 21 cents per share.

The financial services company posted revenue of $42.2 million in the period. Its adjusted revenue was $39.3 million.

For the year, the company reported profit of $34.9 million, or 84 cents per share. Revenue was reported as $150.2 million.

CoBiz shares have climbed slightly more than 5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $17.81, a rise of 59 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 COBZ at https://www.zacks.com/ap/COBZ


Keywords: CoBiz Financial, Earnings Report