Carolina Financial Corporation

CresCom Bank, a leader in community banking, is dedicated to providing exceptional customer service and quality products to the communities it calls home, and prides itself on its strong knowledge of local business and economic trends. We are totally committed to offering competitive community banking products and superior service experiences for our customers. Creating an environment where our team members continually learn, develop and grow. Responsibly participating in the growth and well-being of the communities we serve. Maximizing the value of our shareholders' investment over both the short and long term.
Company Growth (employees)
Type
Public
HQ
Charleston, US
Founded
1996
Size (employees)
441 (est)
Carolina Financial Corporation was founded in 1996 and is headquartered in Charleston, US

Carolina Financial Corporation Office Locations

Carolina Financial Corporation has an office in Charleston
Charleston, US (HQ)
288 Meeting St

Carolina Financial Corporation Data and Metrics

Carolina Financial Corporation Financial Metrics

Carolina Financial Corporation's revenue was reported to be $24.9 m in Q1, 2017
USD

Revenue (Q1, 2017)

24.9 m

Gross profit (Q1, 2017)

22.5 m

Gross profit margin (Q1, 2017), %

90%

Net income (Q1, 2017)

4.9 m

EBIT (Q1, 2017)

15.3 m

Market capitalization (18-Aug-2017)

529.3 m

Cash (31-Mar-2017)

68.6 m
Carolina Financial Corporation's current market capitalization is $529.3 m.
USDFY, 2014FY, 2015FY, 2016

Revenue

58.8 m77.3 m90.2 m

Revenue growth, %

31%17%

Cost of goods sold

5.6 m6.6 m8.8 m

Gross profit

53.2 m70.7 m81.5 m

Gross profit Margin, %

90%91%90%

Sales and marketing expense

23.3 m28.6 m31.5 m

General and administrative expense

4.9 m7.2 m7.9 m

Operating expense total

41.4 m49.2 m56 m

EBIT

32.1 m43 m52.2 m

EBIT margin, %

55%56%58%

Pre tax profit

11.8 m21.5 m25.4 m

Income tax expense

3.4 m7.1 m7.8 m

Net Income

8.3 m14.4 m17.6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

14.2 m15 m18 m19.9 m19.8 m19.6 m21.7 m25.1 m24.9 m

Cost of goods sold

1.4 m1.4 m1.5 m1.6 m1.6 m2.1 m2.2 m2.3 m2.4 m

Gross profit

12.8 m13.6 m16.5 m18.3 m18.2 m17.5 m19.5 m22.8 m22.5 m

Gross profit Margin, %

90%90%92%92%92%89%90%91%90%

Sales and marketing expense

5.5 m5.9 m7 m7.3 m7.2 m7.2 m7.7 m8.5 m8.6 m

General and administrative expense

1.1 m1.2 m1.8 m1.7 m1.8 m1.8 m1.9 m2.1 m2.2 m

Operating expense total

6.6 m7.1 m8.7 m9 m9 m9 m9.6 m10.5 m10.8 m

EBIT

7.3 m8.1 m10 m11.1 m10.9 m11.3 m12.3 m14 m15.3 m

EBIT margin, %

52%54%55%56%55%57%57%56%61%

Pre tax profit

3.3 m3.3 m4.4 m5.9 m5.8 m5.3 m3.7 m8.9 m6.9 m

Income tax expense

1 m931 k1.4 m2 m1.9 m1.6 m864 k3 m2 m

Net Income

4.2 m6.6 m3 m6.9 m10.8 m3.6 m6.5 m12.4 m4.9 m
USDFY, 2014FY, 2015FY, 2016

Cash

21.1 m26.6 m24.4 m

Accounts Receivable

3.6 m4.3 m5.4 m

Inventories

441.8 k478.5 k

PP&E

31.1 m32.6 m37.1 m

Goodwill

4.3 m

Total Assets

1.2 b1.4 b1.7 b

Accounts Payable

312 k333 k327 k

Total Debt

38.5 m

Total Liabilities

1.5 b

Additional Paid-in Capital

23.2 m56.4 m66.2 m

Retained Earnings

69.6 m82.9 m98.5 m

Total Equity

93.7 m139.9 m163.2 m

Debt to Equity Ratio

0.2 x

Debt to Assets Ratio

0 x

Financial Leverage

12.8 x10.1 x10.3 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

29.4 m22.1 m30.3 m46.3 m38.3 m68.6 m

PP&E

31.6 m32.1 m32.5 m35.3 m35.1 m46.5 m

Goodwill

4.3 m4.3 m37.3 m

Total Assets

1.3 b1.3 b1.5 b1.6 b1.7 b2.2 b

Accounts Payable

1 b1 b1.1 b1.3 b1.3 b1.6 b

Additional Paid-in Capital

23.8 m24.1 m56.8 m65.6 m65.9 m168.1 m

Retained Earnings

76 m79.6 m86.1 m88.3 m93.8 m102.5 m

Total Equity

100.3 m104.2 m142.4 m155 m160.3 m271.5 m

Financial Leverage

13.2 x12.8 x10.2 x10.4 x10.3 x8 x
USDFY, 2014FY, 2015FY, 2016

Net Income

8.3 m14.4 m17.6 m

Depreciation and Amortization

1.2 m1.8 m2 m

Accounts Receivable

(668 k)(705 k)(754 k)

Inventories

(898 k)2.4 m

Accounts Payable

1 k21 k(28 k)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

4.2 m6.6 m3 m6.9 m10.8 m3.6 m6.5 m12.4 m4.9 m

Depreciation and Amortization

558 k859 k427 k863 k1.3 m472 k953 k1.5 m568 k

Accounts Receivable

(257 k)(186 k)(405 k)(458 k)(472 k)(171 k)(162 k)(194 k)(170 k)

Accounts Payable

14 k(12 k)20 k15 k(8 k)17 k(9 k)105 k

Cash From Operating Activities

(14.6 m)19.9 m
USDY, 2017

Revenue/Employee

56.5 k

Financial Leverage

8 x

Carolina Financial Corporation Market Value History

Traffic Overview of Carolina Financial Corporation

Carolina Financial Corporation Online and Social Media Presence

Carolina Financial Corporation Company Life and Culture

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