January 29, 2018 / 11:33 AM / 8 months ago

BRIEF-Atlantic Capital Bancshares Reports q4 Loss Per Share $0.59

Jan 29 (Reuters) - Atlantic Capital Bancshares Inc:

* Q4 LOSS PER SHARE $0.59

* ATLANTIC CAPITAL BANCSHARES - TAX REFORM LEGISLATION RESULTED IN REDUCTION OF VALUE OF CO’S DEFERRED TAX ASSET & INCREASE IN TAX EXPENSE OF $17.4 MILLION IN Q4

* ATLANTIC CAPITAL BANCSHARES - CO PLANS ADDITIONAL SEVERANCE EXPENSE IN Q1 2018 FROM REDUCTION OF STAFF & CLOSING OF CO’S CHARLOTTE LOAN PRODUCTION OFFICE

* NET INTEREST INCOME INCREASED TO $21.1 MILLION IN Q4 OF 2017 FROM $20.3 MILLION IN Q3 OF 2017

* ANTICIPATES CONSOLIDATION OF TWO BRANCHES IN CHATTANOOGA, TENNESSEE DURING Q1 OF 2018 Source text: (bit.ly/2DUvQKr) Further company coverage:

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