Select Bancorp, Inc. is a holding company for Select Bank. The Bank offers the standard complement of commercial, consumer, and mortgage lending products, as well as the ability to structure products to fit specialized needs. The deposit services offered by Select Bank include small business and personal checking, savings accounts and certificates of deposit.

Type
Public
HQ
Dunn, US
Founded
2003
Size (employees)
150 (est)
Select Bancorp was founded in 2003 and is headquartered in Dunn, US
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Select Bancorp Office Locations

Select Bancorp has offices in Leland, Dunn, Burlington, Clinton and in 9 other locations
Dunn, US (HQ)
700 W Cumberland St
Burlington, US
3158 S Church St
Clinton, US
111 Northeast Blvd
Elizabeth City, US
416 S Hughes Blvd
Fayetteville, US
2818 Raeford Rd
Goldsboro, US
431 N Spence Ave
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Select Bancorp Financials and Metrics

Select Bancorp Revenue

Embed Graph
Select Bancorp's revenue was reported to be $37.93 m in FY, 2016 which is a 13.8% increase from the previous period.
USD

Revenue (Q2, 2018)

30.3 m

Gross profit (Q2, 2018)

26 m

Gross profit margin (Q2, 2018), %

85.9%

Net income (Q2, 2018)

5 m

EBIT (Q2, 2018)

22.9 m

Market capitalization (14-Aug-2018)

181.6 m

Closing stock price (14-Aug-2018)

13

Cash (30-Jun-2018)

21 m

EV

218 m
Select Bancorp's current market capitalization is $181.6 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

22.9 m26.1 m33.3 m37.9 m

Revenue growth, %

14%28%14%

Cost of goods sold

5.3 m4.5 m3.5 m3.7 m

Gross profit

17.6 m21.6 m29.8 m34.2 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

6.2 m5.9 m5.8 m8.2 m9.1 m9.2 m9 m9.3 m9.5 m9.5 m9.9 m10.2 m14.9 m30.3 m

Cost of goods sold

1.3 m1.1 m1.1 m1.2 m939 k835 k878 k927 k912 k909 k1 m1.2 m2 m4.3 m

Gross profit

4.9 m4.8 m4.7 m7 m8.2 m8.4 m8.1 m8.4 m8.6 m8.6 m8.8 m9.1 m12.9 m26 m

Gross profit Margin, %

79%81%81%86%90%91%90%90%90%90%89%88%86%86%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

20.2 m14.4 m12.6 m14.4 m

Accounts Receivable

1.7 m2.4 m2.4 m2.8 m

Inventories

677.2 m

PP&E

10.9 m17.6 m19.1 m17.9 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

11.7 m23.1 m23.7 m33.6 m9.5 m13.2 m11.9 m10.8 m14.9 m15.5 m13.6 m13.8 m14.5 m21 m

Inventories

349.1 m345.8 m333.9 m546.5 m558.9 m573.7 m598 m629.6 m632.2 m651.7 m706.8 m738 m978.3 m992.9 m

PP&E

10.9 m10.9 m10.9 m17.6 m17.4 m18.4 m18 m19 m18.6 m18.1 m17.7 m17.5 m18.2 m18.1 m

Goodwill

5 m7.1 m6.9 m6.9 m6.9 m6.9 m6.9 m6.9 m6.9 m24.6 m24.6 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

2.9 m2.4 m6.6 m6.8 m

Cash From Operating Activities

4.7 m3.4 m6.9 m8.5 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Net Income

2.7 m272 k885 k1.1 m1.7 m3.6 m4.9 m1.5 m3.4 m5.1 m2.1 m3.5 m1.9 m5 m

Cash From Operating Activities

3.6 m839 k1.8 m3.8 m2.7 m4.1 m5.5 m2.6 m5.6 m6.5 m3.1 m3.6 m(7.8 m)(4.1 m)

Cash From Investing Activities

11.8 m6 m17.6 m41.3 m(8.5 m)(2.4 m)(17.6 m)(27.8 m)(57.6 m)7.4 m(3.6 m)

Long-term Borrowings

(100 k)
USDY, 2018

EV/EBIT

9.5 x

EV/CFO

-53.1 x

Financial Leverage

8.6 x
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Select Bancorp Company Life and Culture

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