Carolina Financial Corporation operates as a bank holding company for CresCom Bank that provides a range of commercial and retail banking financial services. The Company operates in Community Banking and Wholesale Mortgage Banking segments. It offers a variety of accounts and provides commercial, industrial and consumer loans of different types. In addition, the Company offers mortgage banking services comprising correspondent lending and loan servicing.

Type
Public
HQ
Charleston, US
Founded
1996
Size (employees)
441 (est)
Carolina Financial Corporation was founded in 1996 and is headquartered in Charleston, US
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Carolina Financial Corporation Office Locations

Carolina Financial Corporation has an office in Charleston
Charleston, US (HQ)
288 Meeting Street
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Carolina Financial Corporation Financials and Metrics

Carolina Financial Corporation Financials

Carolina Financial Corporation's revenue was reported to be $90.21 m in FY, 2016 which is a 16.7% increase from the previous period.
USD

Revenue (Q1, 2018)

47.7 m

Gross profit (Q1, 2018)

42.2 m

Gross profit margin (Q1, 2018), %

88.4%

Net income (Q1, 2018)

4.1 m

EBIT (Q1, 2018)

32.1 m

Market capitalization (22-Jun-2018)

1 b

Closing share price (22-Jun-2018)

45.1

Cash (31-Mar-2018)

61.4 m

EV

1 b
Carolina Financial Corporation's current market capitalization is $1 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

58.8 m77.3 m90.2 m

Revenue growth, %

31%17%

Cost of goods sold

5.6 m6.6 m8.8 m13.3 m

Gross profit

53.2 m70.7 m81.5 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

13.8 m14.2 m15 m18 m19.9 m19.8 m19.6 m21.7 m25.1 m24.9 m30.9 m47.7 m

Cost of goods sold

1.3 m1.4 m1.4 m1.5 m1.6 m1.6 m2.1 m2.2 m2.3 m2.4 m3 m5.5 m

Gross profit

12.4 m12.8 m13.6 m16.5 m18.3 m18.2 m17.5 m19.5 m22.8 m22.5 m27.9 m42.2 m

Gross profit Margin, %

90%90%90%92%92%92%89%90%91%90%90%88%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

21.1 m26.6 m24.4 m81.3 m

Accounts Receivable

3.6 m4.3 m5.4 m

Inventories

441.8 k478.5 k

PP&E

31.1 m32.6 m37.1 m61.4 m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

29.4 m22.1 m30.3 m46.3 m38.3 m68.6 m45 m45.2 m61.4 m

PP&E

31.6 m32.1 m32.5 m35.3 m35.1 m46.5 m46.9 m62.6 m

Goodwill

4.3 m4.3 m37.3 m37.3 m37.3 m127.6 m

Total Assets

1.3 b1.3 b1.5 b1.6 b1.7 b2.2 b2.2 b2.3 b3.6 b
Annual
USDFY, 2014FY, 2015FY, 2016

Net Income

8.3 m14.4 m17.6 m

Depreciation and Amortization

1.2 m1.8 m2 m

Inventories

(898 k)2.4 m

Accounts Payable

1 k21 k(28 k)
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

1.9 m4.2 m6.6 m3 m6.9 m10.8 m3.6 m6.5 m12.4 m4.9 m14.2 m8 m

Depreciation and Amortization

271 k558 k859 k427 k863 k1.3 m472 k953 k1.5 m568 k1.2 m

Accounts Payable

13 k14 k(12 k)20 k15 k(8 k)17 k(9 k)105 k170 k

Cash From Operating Activities

(14.6 m)19.9 m
USDY, 2018

EV/EBIT

31.8 x

Financial Leverage

7.5 x
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Carolina Financial Corporation Operating Metrics

Carolina Financial Corporation's Total Loans was reported to be $1.4b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

26 27 30

Total Loans

$768.12 m$794.49 m$831.05 m$846.88 m$912.58 m$953.79 m$1.06 b$1.12 b$1.17 b$1.41 b$1.42 b
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Carolina Financial Corporation Online and Social Media Presence

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