Capital Bank Financial Corp (CBF), a provider of various commercial and consumer loans and deposits, has reported a 31.77 percent jump in profit for the quarter ended Jun. 30, 2014.

The company earned $12.42 million or $0.25 a share in the second quarter compared with $9.43 million or $0.17 a share, a year ago. Analysts on average had predicted net income of $0.25 a share.

Revenue during the second-quarter slipped 7.79 percent to $72.72 million from $78.86 million in the last year period.

Net interest income for the quarter dropped 6.92 percent over the prior year period to $60.83 million.

Non-interest income for the quarter fell 11.99 percent over the last year period to $11.89 million.

Capital Bank Financial Corp has made provision of $1.40 million for loan losses during the quarter, which was higher by 68.57 percent from $4.47 million in the same period last year.

Gene Taylor, chairman and CEO of Capital Bank Financial Corp., commented, "Record new loans, combined with reduced run-off from the legacy book, resulted in positive 16% net growth this quarter.  I am very pleased with the quality of the new loan book and with the momentum in checking account sales in our retail branches."

Total assets stood at $6,624 million as on Jun. 30, 2014, down 2.54 percent compared with $6796.98 million on Jun. 30, 2013.

While total liabilities stood at $5550.45 million as on Jun. 30, 2014, down 2.49 percent from $5692.04 million on Jun. 30, 2013.

Net loans stood at $4656.94 million as on Jun. 30, 2014, up 8510.74 percent compared with $55.37 million on Jun. 30, 2013.

Deposits stood at $5161.46 million as on Jun. 30, 2014, down 5.65 percent compared with $5470.54 million on Jun. 30, 2013.

Equity capital of Capital Bank Financial Corp decreased 2.84 percent to $1073.56 million as on Jun. 30, 2014 compared with $1104.93 million on Jun. 30, 2013.

Shares of Capital Bank Financial Corp went down by $0.19 or 0.81 percent to trade at $23.36 on Thursday (9:45AM).