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.
Type
Public
HQ
Charleston, US
Founded
1996
Size (employees)
441 (est)+10%
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 Metrics

Carolina Financial Corporation Financial Metrics

Revenue (2016)

$90.2 m

Revenue growth (2015-16), %

17%

Gross profit

$81.5 m

Gross profit margin (2016), %

90%

Net income (2016)

$17.6 m

Market capitalization (21-Mar-2017)

$365 m

Closing share price (21-Mar-2017)

$30.2

Cash (31-Dec-2016)

$24.4 m
Carolina Financial Corporation's current market capitalization is $365 m.
Carolina Financial Corporation's revenue was reported to be $90.2 m in FY, 2016 which is a 16.7% increase from the previous period.
FY, 2014FY, 2015FY, 2016

Revenue

$58.8 m$77.3 m$90.2 m

Revenue growth, %

31%17%

Cost of goods sold

$5.6 m$6.6 m$8.8 m

Gross profit

$53.2 m$70.7 m$81.5 m

Gross profit Margin, %

90%91%90%

Sales and marketing expense

$23.3 m$28.6 m$31.5 m

General and administrative expense

$4.9 m$7.2 m$7.9 m

Operating expense total

$41.4 m$49.2 m$56 m

EBIT

$32.1 m$43 m$52.2 m

EBIT margin, %

55%56%58%

Pre tax profit

$11.8 m$21.5 m$25.4 m

Income tax expense

$3.4 m$7.1 m$7.8 m

Net Income

$8.3 m$14.4 m$17.6 m
FY, 2014FY, 2015FY, 2016

Cash

$21.1 m$26.6 m$24.4 m

Inventories

$441.8 k$478.5 k

PP&E

$31.1 m$32.6 m$37.1 m

Goodwill

$4.3 m

Total Assets

$1.2 b$1.4 b$1.7 b

Accounts Payable

$564.2 k$1.6 m

Additional Paid-in Capital

$23.2 m$56.4 m$66.2 m

Retained Earnings

$69.6 m$82.9 m$98.5 m

Total Equity

$93.7 m$139.9 m$163.2 m

Financial Leverage

12.8 x10.1 x10.3 x
FY, 2014FY, 2015FY, 2016

Net Income

$8.3 m$14.4 m$17.6 m

Depreciation and Amortization

$1.2 m$1.8 m$2 m

Accounts Receivable

$715 k$927 k

Inventories

($898 k)$2.4 m

Accounts Payable

$1.5 m($564 k)

Carolina Financial Corporation Market Value History

Carolina Financial Corporation Online Presence

Carolina Financial Corporation Company Life

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