Entegra Financial Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported net interest income of $12,393,000 against $9,618,000 a year ago. The increase in net interest income was primarily due to higher volumes in the loan portfolio as well as an increase in the yields earned on cash, investments and loans partially offset by increased costs of borrowings. Income before taxes was $4,325,000 against $1,779,000 a year ago. Net income was $3,582,000 or $0.51 per diluted share against $1,300,000 or $0.20 per basic and diluted share a year ago. Return on average assets was 0.90% against 0.39% a year ago. Return on average equity was 9.48% against 3.87% a year ago. On non-GAAP basis, core net income was $3,746,000 or $0.53 per diluted share against $2,027,000 or $0.31 per basic and diluted share a year ago. Core return on average assets was 0.94% against 0.61% a year ago. Core Return on average tangible equity was 12.18% against 6.28% a year ago. Tangible book value per share was $17.98.

For the quarter, the company reported net charge-offs of $80,000.