Benzinga | Oct 22, 2020 04:51PM EDT

Atlantic Capital: Q3 Earnings Insights

Shares of Atlantic Capital (NASDAQ:ACBI) were flat in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 21.21% year over year to $0.40, which beat the estimate of $0.26.

Revenue of $24,222,000 rose by 6.46% year over year, which missed the estimate of $25,100,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Technicals

Company's 52-week high was at $20.21

Company's 52-week low was at $8.89

Price action over last quarter: Up 30.40%

Company Profile

Atlantic Capital Bancshares Inc operates as a commercial bank in Atlanta, Georgia providing a range of credit, treasury management, and deposit products and services to emerging growth businesses, middle-market corporations, commercial real estate developers and investors, and private clients through corporate and business banking, commercial real estate finance, Specialty industry services and private banking teams. Atlantic Capital also provides selected capital markets, mortgage banking, and electronic banking services to our corporate, business, and individual clients. It generates its revenues from interest income.