Paragon Commercial Corporation is the holding company for Paragon 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 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. Paragon Bank also provides a range of wealth management services, including business retirement plans, 401k plans, self-employed retirement plans, buy sell agreements, and succession and exit planning. In addition, 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
Founded
2001
Size (employees)
144 (est)
Paragon Commercial was founded in 2001 and is headquartered in Raleigh, US
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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
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Paragon Commercial Financials and Metrics

Paragon Commercial Financials

Paragon Commercial's revenue was reported to be $55.46 m in FY, 2016
USD

Net income (Q3, 2017)

4.2 m

EBIT (Q3, 2017)

13.4 m

Market capitalization (22-Dec-2017)

300.1 m
Paragon Commercial's current market capitalization is $300.1 m.
Annual
USDFY, 2016

Revenue

55.5 m

Cost of goods sold

8.1 m

Gross profit

47.3 m

Gross profit Margin, %

85%
Quarterly
USDQ2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

13.7 m14.3 m15.1 m16 m

Cost of goods sold

2 m2.1 m2.3 m2.5 m

Gross profit

11.7 m12.2 m12.8 m13.5 m

Gross profit Margin, %

86%85%85%84%
Annual
USDFY, 2016

Accounts Receivable

4.4 m

Total Assets

1.5 b

Accounts Payable

6 m

Short-term debt

18.6 m
Quarterly
USDQ2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Total Assets

1.5 b1.5 b1.6 b1.6 b1.7 b

Accounts Payable

1.1 b1.2 b1.3 b1.2 b

Short-term debt

18.6 m18.6 m18.6 m18.6 m

Long-term debt

175 m100 m270 m
Annual
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)
Quarterly
USDQ2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

6.3 m9.8 m3.4 m6.6 m4.2 m

Depreciation and Amortization

711 k1.1 m359 k704 k

Cash From Operating Activities

7.3 m10.5 m4.2 m7.5 m14.2 m

Cash From Investing Activities

(103.9 m)(154.6 m)(32.8 m)(156.9 m)(200.9 m)
USDY, 2017

Financial Leverage

11.7 x
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Paragon Commercial Operating Metrics

Paragon Commercial's Total Loans was reported to be $1.3b in Q2, 2017.
FY, 2014FY, 2015Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Non-performing Loans

$420 k$513 k$1.22 m$948 k$968 k$500 k$492 k

Total Loans

$868.41 m€1.02 b$1.10 b$1.16 b$1.19 b$1.23 b$1.34 b
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