Atlantic Coast Financial

Atlantic Coast Financial Corp. is a holding company for Atlantic Coast Bank. The Bank is focused on attracting deposits and investing those funds primarily in loans, including commercial real estate loans, consumer loans, first mortgages on owner-occupied one- to four-family residences, and home equity loans. Additionally, the Bank invests funds in multi-family residential loans, commercial business loans, and commercial and residential construction loans.  Atlantic Coast Bank offers a variety of deposit accounts having a wide range of interest rates and terms, which generally include noninterest-bearing and interest-bearing demand, savings and money market demand, and time deposit accounts with terms ranging from three months to five years.

Company Growth (employees)
Type
Public
HQ
Jacksonville, US
Founded
2007
Size (employees)
174 (est)-6%
Atlantic Coast Financial was founded in 2007 and is headquartered in Jacksonville, US

Atlantic Coast Financial Office Locations

Atlantic Coast Financial has an office in Jacksonville
Jacksonville, US (HQ)
110 4655 Salisbury Rd

Atlantic Coast Financial Data and Metrics

Atlantic Coast Financial Financial Metrics

Atlantic Coast Financial's revenue was reported to be $10.4 m in Q1, 2017
USD

Revenue (Q1, 2017)

10.4 m

Gross profit (Q1, 2017)

8.9 m

Gross profit margin (Q1, 2017), %

85%

Net income (Q1, 2017)

1.5 m

EBIT (Q1, 2017)

6.4 m

Market capitalization (15-Sep-2017)

129.6 m

Cash (31-Mar-2017)

27.8 m
Atlantic Coast Financial's current market capitalization is $129.6 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

28.8 m28.1 m29.8 m43.1 m

Revenue growth, %

(2%)6%45%

Cost of goods sold

12.7 m10.5 m8.7 m7.4 m

Gross profit

16.1 m17.6 m21.1 m35.7 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

8.5 m8.9 m8.6 m9.1 m9.5 m10.8 m11.1 m10.7 m10.4 m

Cost of goods sold

2.6 m2.6 m2.5 m2.4 m1.9 m2.1 m2.1 m1.6 m1.5 m

Gross profit

5.9 m6.3 m6.2 m6.7 m7.6 m8.7 m9 m9.1 m8.9 m

Gross profit Margin, %

69%71%72%73%80%80%81%85%85%
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

114.2 m22.4 m23.6 m59.9 m

Accounts Receivable

1.8 m1.9 m2.1 m2 m

Total Assets

733.6 m706.5 m857.2 m907.5 m

Accounts Payable

628.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

32.7 m24.9 m18.1 m38.5 m37.7 m29.1 m23.5 m49.9 m27.8 m

Total Assets

710.1 m713.9 m743.7 m810.4 m818 m893 m921.8 m936.9 m923.5 m

Accounts Payable

443.9 m438.4 m449.8 m501.1 m496.8 m550.6 m570.5 m617.5 m685.8 m

Long-term debt

125 m134.3 m150 m217.4 m237.5 m256.1 m261.6 m229.9 m144.1 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(11.4 m)1.3 m7.7 m6.4 m

Depreciation and Amortization

638 k642 k899 k1.1 m

Cash From Operating Activities

4.3 m(16.5 m)2.6 m13 m

Cash From Investing Activities

61.8 m(43 m)(144 m)(32.6 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

225 k453 k396 k5.6 m1 m1.5 m1.3 m1.6 m1.5 m

Accounts Receivable

2 m1.9 m1.8 m2 m2 m2.1 m2.3 m1.9 m1.7 m
USDY, 2017

Revenue/Employee

56.2 k

Financial Leverage

10.4 x
Show all financial metrics

Atlantic Coast Financial Market Value History

Traffic Overview of Atlantic Coast Financial

Atlantic Coast Financial Online and Social Media Presence

Atlantic Coast Financial Company Life and Culture

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