Asheville Savings Bank

ASB Bancorp, Inc. is a holding company for Asheville Savings Bank. The Company operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in the primary market area. ASB attracts deposits from the general public and uses those funds to originate primarily one-to-four family residential mortgage loans and commercial real estate loans, and, to a lesser extent, home equity loans and lines of credit, consumer loans, construction and land development loans, and commercial and industrial loans.

Asheville, US
Size (employees)
152 (est)
Asheville Savings Bank was founded in 1936 and is headquartered in Asheville, US

Key People/Management at Asheville Savings Bank

Suzanne DeFerie

Suzanne DeFerie

President and Chief Executive Officer

Asheville Savings Bank Office Locations

Asheville Savings Bank has offices in Asheville, Black Mountain, Brevard, Candler and in 4 other locations
Asheville, US (HQ)
11 Church St
Asheville, US
10 S Tunnel Rd
Black Mountain, US
300 W State St
Candler, US
907 Smokey Park Hwy
Fletcher, US
3551 Hendersonville Rd
Hendersonville, US
601 N Main St
Show all (13)

Asheville Savings Bank Financials and Metrics

Asheville Savings Bank Financials

Asheville Savings Bank's revenue was reported to be $36.1 m in FY, 2016

Revenue (Q1, 2017)

8.9 m

Gross profit (Q1, 2017)

8.1 m

Gross profit margin (Q1, 2017), %


Net income (Q1, 2017)

1.8 m

EBIT (Q1, 2017)

6.1 m

Market capitalization (29-Sep-2017)

166.9 m

Cash (31-Mar-2017)

60.5 m
Asheville Savings Bank's current market capitalization is $166.9 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016


32.9 m36.1 m

Revenue growth, %


Cost of goods sold

3.5 m3.4 m

Gross profit

29.5 m32.7 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017


8.3 m8.5 m8.7 m9.2 m9.3 m8.9 m

Cost of goods sold

880 k877 k844 k854 k871 k816 k

Gross profit

7.4 m7.7 m7.9 m8.4 m8.4 m8.1 m

Gross profit Margin, %

USDFY, 2013FY, 2014FY, 2015FY, 2016


52.8 m56.9 m33.4 m46.7 m


12.5 m11.9 m11.6 m11.1 m

Total Assets

733 m760.1 m782.9 m795.8 m

Accounts Payable

8.4 m11.6 m11.9 m647.6 m
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017


53 m55.8 m37.1 m51.6 m44.8 m60.5 m


11.8 m11.8 m11.6 m11.5 m11.3 m11 m

Total Assets

783.3 m797.9 m783.5 m805.6 m797.2 m803.5 m

Accounts Payable

624 m635.1 m628.4 m640.7 m642.6 m682.1 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

1.5 m2.5 m3.6 m1.2 m

Depreciation and Amortization

1.1 m914 k816 k780 k

Cash From Operating Activities

15.1 m8.1 m9.4 m4.9 m

Purchases of PP&E

(65.2 m)(26.5 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

1.3 m1.8 m622 k1.5 m2.6 m1.1 m2.8 m4.5 m1.8 m

Depreciation and Amortization

467 k691 k214 k421 k618 k194 k391 k585 k193 k

Cash From Operating Activities

6.6 m9.2 m1.9 m3.3 m9.6 m5.7 m8.8 m(260 k)7.7 m

Purchases of PP&E

(18.1 m)(18.1 m)(8.8 m)(52.2 m)(65.8 m)(1.1 m)(16.8 m)(29.7 m)(1.2 m)
USDY, 2017


58.3 k

Financial Leverage

8.6 x
Show all financial metrics

Asheville Savings Bank Market Value History

Asheville Savings Bank's Web-traffic and Trends

Asheville Savings Bank Online and Social Media Presence

Asheville Savings Bank Company Life and Culture

You may also be interested in