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.

TypePublic
HQCharleston, US
Founded1996
Size (employees)441 (est)
Websitehaveanicebank.com
Carolina Financial was founded in 1996 and is headquartered in Charleston, US
Report incorrect company information

Viewing summary data as a guest

Sign up for free to see all data

Carolina Financial Office Locations

Carolina Financial has an office in Charleston
Charleston, (HQ)
288 Meeting Street
Show all (1)
Report incorrect company information

Carolina Financial Financials and Metrics

Carolina Financial Revenue

Embed Graph
View revenue for all periods
Carolina Financial's revenue was reported to be $129 m in FY, 2017
USD

Revenue (Q3, 2018)

51.3m

Gross profit (Q3, 2018)

44.2m

Gross profit margin (Q3, 2018), %

86.2%

Net income (Q3, 2018)

15.2m

EBIT (Q3, 2018)

33.1m

Market capitalization (4-Dec-2018)

738.3m

Closing stock price (4-Dec-2018)

32.7

Cash (30-Sep-2018)

75.9m

EV

706.7m
Carolina Financial's current market capitalization is $738.3 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

58.8m77.3m90.2m129.0m

Revenue growth, %

31%17%

Cost of goods sold

5.6m6.6m8.8m13.3m

Gross profit

53.2m70.7m81.5m115.8m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

13.8m14.2m15.0m18.0m19.9m19.8m19.6m21.7m25.1m24.9m30.9m30.8m47.7m50.5m51.3m

Cost of goods sold

1.3m1.4m1.4m1.5m1.6m1.6m2.1m2.2m2.3m2.4m3.0m3.4m5.5m6.6m7.1m

Gross profit

12.4m12.8m13.6m16.5m18.3m18.2m17.5m19.5m22.8m22.5m27.9m27.4m42.2m43.9m44.2m

Gross profit Margin, %

90%90%90%92%92%92%89%90%91%90%90%89%88%87%86%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

21.1m26.6m24.4m81.3m

Accounts Receivable

3.6m4.3m5.4m

Inventories

441.8k478.5k

PP&E

31.1m32.6m37.1m61.4m
Annual
USDFY, 2014FY, 2015FY, 2016

Net Income

8.3m14.4m17.6m

Depreciation and Amortization

1.2m1.8m2.0m

Inventories

(898.0k)2.4m

Accounts Payable

1.0k21.0k(28.0k)
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

1.9m4.2m6.6m3.0m6.9m10.8m3.6m6.5m12.4m4.9m14.2m22.2m

Depreciation and Amortization

271.0k558.0k859.0k427.0k863.0k1.3m472.0k953.0k1.5m568.0k1.2m1.9m

Accounts Payable

13.0k14.0k(12.0k)20.0k15.0k(8.0k)17.0k(9.0k)105.0k170.0k468.0k

Cash From Operating Activities

(14.6m)19.9m
USDY, 2018

EV/EBIT

21.3 x

Debt/Equity

0.1 x

Financial Leverage

6.6 x
Show all financial metrics

Carolina Financial Operating Metrics

Carolina Financial'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
Show all operating metrics
Report incorrect company information

Carolina Financial Online and Social Media Presence

Embed Graph
Report incorrect company information

Carolina Financial Company Life and Culture

Report incorrect company information

Carolina Financial Frequently Asked Questions

  • When was Carolina Financial founded?

    Carolina Financial was founded in 1996.

  • How many employees does Carolina Financial have?

    Carolina Financial has 441 employees.

  • What is Carolina Financial revenue?

    Latest Carolina Financial annual revenue is $129 m.

  • What is Carolina Financial revenue per employee?

    Latest Carolina Financial revenue per employee is $292.5 k.

  • Who are Carolina Financial competitors?

    Competitors of Carolina Financial include WashingtonFirst Bankshares, Wintrust and Union Bank.

  • Where is Carolina Financial headquarters?

    Carolina Financial headquarters is located at 288 Meeting Street , Charleston.

  • Where are Carolina Financial offices?

    Carolina Financial has an office in Charleston.

  • How many offices does Carolina Financial have?

    Carolina Financial has 1 office.