Paragon Commercial

Paragon Commercial Corporation is the holding company for Paragon Bank (the Bank), serving small and middle-market companies, nonprofits, trade associations, property owners associations, law firms, title companies, and private banking clients in the Raleigh and Charlotte metropolitan markets of North Carolina. The Bank is engaged in general commercial banking in Wake and Mecklenburg Counties. The Bank offers online and mobile banking services, business checking, nonprofit checking, certificates of deposit, business debit cards, safe deposit boxes, merchant services, wire transfers and courier service, among others. The Bank offers a range of wealth management services, including business retirement plans, 401k plans, self-employed retirement plans, buy sell agreements, and succession and exit planning. The Bank offers various loans, such as construction and land development loans, commercial real estate loans, commercial and industrial loans, and consumer and other loans.
Type
Public
HQ
Raleigh, US
Size (employees)
142 (est)
Paragon Commercial is headquartered in Raleigh, US

Paragon Commercial Office Locations

Paragon Commercial has offices in Raleigh, Charlotte and Cary
Raleigh, US (HQ)
3535 Glenwood Ave
Cary, US
110 5000 Valleystone Dr
Charlotte, US
6337 Morrison Blvd

Paragon Commercial Data and Metrics

Paragon Commercial Financial Metrics

Paragon Commercial's revenue was reported to be $15.1 m in Q1, 2017
USD

Revenue (Q1, 2017)

15.1 m

Gross profit (Q1, 2017)

12.8 m

Gross profit margin (Q1, 2017), %

85%

Net income (Q1, 2017)

3.4 m

EBIT (Q1, 2017)

12.2 m

Market capitalization (25-Jul-2017)

284.8 m
Paragon Commercial's current market capitalization is $284.8 m.
USDFY, 2016

Revenue

55.5 m

Cost of goods sold

8.1 m

Gross profit

47.3 m

Gross profit Margin, %

85%

Sales and marketing expense

15.6 m

R&D expense

1.1 m

Operating expense total

26.9 m

EBIT

45.4 m

EBIT margin, %

82%

Pre tax profit

19.9 m

Income tax expense

6.5 m

Net Income

13.4 m
USDQ2, 2016Q3, 2016Q1, 2017

Revenue

13.7 m14.3 m15.1 m

Cost of goods sold

2 m2.1 m2.3 m

Gross profit

11.7 m12.2 m12.8 m

Gross profit Margin, %

86%85%85%

Sales and marketing expense

3.7 m3.9 m4.5 m

R&D expense

279 k270 k530 k

Operating expense total

4 m4.2 m5 m

EBIT

11.3 m11.4 m12.2 m

EBIT margin, %

83%80%80%

Pre tax profit

5.2 m5 m5.1 m

Income tax expense

1.7 m1.6 m1.7 m

Net Income

6.3 m9.8 m3.4 m
USDFY, 2016

Accounts Receivable

4.4 m

Total Assets

1.5 b

Accounts Payable

6 m

Total Debt

168.6 m

Total Liabilities

1.4 b

Additional Paid-in Capital

80.1 m

Retained Earnings

58.8 m

Total Equity

136.1 m

Debt to Equity Ratio

1.2 x

Debt to Assets Ratio

0.1 x

Financial Leverage

11 x
USDQ2, 2016Q3, 2016Q1, 2017

Total Assets

1.5 b1.5 b1.6 b

Accounts Payable

1.1 b1.2 b1.3 b

Additional Paid-in Capital

79.8 m80 m80.3 m

Retained Earnings

51.7 m55.1 m62.1 m

Total Equity

131.7 m135 m140.1 m

Financial Leverage

11 x11 x11.1 x
USDFY, 2016

Net Income

13.4 m

Depreciation and Amortization

1.4 m

Cash From Operating Activities

13.5 m

Cash From Investing Activities

(211.8 m)

Cash From Financing Activities

185.8 m
USDQ2, 2016Q3, 2016Q1, 2017

Net Income

6.3 m9.8 m3.4 m

Depreciation and Amortization

711 k1.1 m359 k

Cash From Operating Activities

7.3 m10.5 m4.2 m

Cash From Investing Activities

(103.9 m)(154.6 m)(32.8 m)

Cash From Financing Activities

141.2 m162.2 m42 m
USDY, 2017

Revenue/Employee

106.6 k

Financial Leverage

11.1 x

Paragon Commercial Market Value History

Paragon Commercial Online and Social Media Presence

Paragon Commercial News and Updates

Paragon Commercial Company Life and Culture

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