Select Bancorp

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.

Company Growth (employees)
Type
Public
HQ
Dunn, US
Founded
2003
Size (employees)
150 (est)-1%
Select Bancorp was founded in 2003 and is headquartered in Dunn, US

Select Bancorp Office Locations

Select Bancorp has offices in Dunn, Burlington, Leland, Clinton and in 9 other locations
Dunn, US (HQ)
700 W Cumberland St
Greenville, US
3600 Charles Blvd
Washington, US
103 155 N Market St
Goldsboro, US
431 N Spence Ave
Fayetteville, US
2818 Raeford Rd
Morehead City, US
168 NC-24
Show all (13)

Select Bancorp Data and Metrics

Select Bancorp Financial Metrics

Select Bancorp's revenue was reported to be $9.9 m in Q1, 2017
USD

Revenue (Q1, 2017)

9.9 m

Gross profit (Q1, 2017)

8.8 m

Gross profit margin (Q1, 2017), %

89%

Net income (Q1, 2017)

2.1 m

EBIT (Q1, 2017)

8.3 m

Market capitalization (22-Aug-2017)

134.3 m

Cash (31-Mar-2017)

13.6 m
Select Bancorp's current market capitalization is $134.3 m.
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

Gross profit Margin, %

77%83%89%90%

EBIT

17.6 m21.6 m29.8 m31 m

EBIT margin, %

77%83%89%82%

Pre tax profit

4.7 m3.8 m10 m10.4 m

Net Income

2.9 m2.4 m6.6 m6.8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

5.8 m8.2 m9.1 m9.2 m9 m9.3 m9.5 m9.5 m9.9 m

Cost of goods sold

1.1 m1.2 m939 k835 k878 k927 k912 k909 k1 m

Gross profit

4.7 m7 m8.2 m8.4 m8.1 m8.4 m8.6 m8.6 m8.8 m

Gross profit Margin, %

81%86%90%91%90%90%90%90%89%

General and administrative expense

396 k487 k547 k565 k543 k574 k607 k575 k572 k

Operating expense total

396 k487 k547 k565 k543 k574 k607 k575 k572 k

EBIT

4.2 m6.4 m7.3 m7.4 m7.5 m7.2 m7.7 m7.5 m8.3 m

EBIT margin, %

71%78%80%81%84%77%82%79%84%

Pre tax profit

1 m424 k2.7 m3 m2.1 m2.4 m2.9 m2.7 m3.2 m

Income tax expense

388 k230 k923 k1.1 m792 k896 k980 k924 k1.1 m

Net Income

885 k1.1 m1.7 m3.6 m4.9 m1.5 m3.4 m5.1 m2.1 m
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

Goodwill

7.1 m6.9 m6.9 m

Total Assets

525.6 m766.1 m817 m846.6 m

Accounts Payable

225 k276 k232 k679.7 m

Total Debt

23 m

Total Liabilities

742.4 m

Additional Paid-in Capital

42.1 m68.4 m69.1 m69.6 m

Retained Earnings

7.1 m9.4 m15.9 m22.7 m

Total Equity

56 m104.7 m104.3 m

Debt to Equity Ratio

0.2 x

Debt to Assets Ratio

0 x

Financial Leverage

9.4 x7.8 x8.1 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

23.7 m33.6 m9.5 m13.2 m11.9 m10.8 m14.9 m15.5 m13.6 m

Inventories

333.9 m546.5 m558.9 m573.7 m598 m629.6 m632.2 m651.7 m706.8 m

PP&E

10.9 m17.6 m17.4 m18.4 m18 m19 m18.6 m18.1 m17.7 m

Goodwill

5 m7.1 m6.9 m6.9 m6.9 m6.9 m6.9 m6.9 m

Total Assets

508.3 m785 m748.4 m742.4 m786.5 m830.4 m826.6 m844.8 m879.6 m

Accounts Payable

428.7 m644.1 m600.5 m579.6 m619.9 m667.7 m661.3 m677.1 m713.1 m

Additional Paid-in Capital

42.1 m66.2 m68.7 m68.8 m69 m69.3 m69.4 m69.5 m69.7 m

Retained Earnings

8 m8.2 m11.2 m13 m14.3 m17.4 m19.3 m21.1 m24.8 m

Total Equity

57.6 m101.6 m103.5 m99.2 m101.5 m103.2 m106.6 m

Financial Leverage

8.8 x7.3 x7.6 x8.4 x8.1 x8.2 x8.3 x
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

Cash From Investing Activities

16.2 m28.5 m(17 m)(40.2 m)

Long-term Borrowings

(2 m)(6.7 m)(5.7 m)

Dividends Paid

(38 k)(77 k)(4 k)

Cash From Financing Activities

(61.6 m)(46.4 m)15.1 m24 m

Interest Paid

5.3 m4.5 m3.6 m

Income Taxes Paid

1.6 m213 k3 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

885 k1.1 m1.7 m3.6 m4.9 m1.5 m3.4 m5.1 m2.1 m

Cash From Operating Activities

1.8 m3.8 m2.7 m4.1 m5.5 m2.6 m5.6 m6.5 m3.1 m

Cash From Investing Activities

17.6 m41.3 m(8.5 m)(2.4 m)(17.6 m)(27.8 m)

Long-term Borrowings

(100 k)

Dividends Paid

(19 k)(19 k)(38 k)(57 k)(4 k)(4 k)(4 k)

Cash From Financing Activities

(18.8 m)(24.2 m)(19.8 m)(26.7 m)16 m10.7 m3.9 m21.6 m29.8 m

Interest Paid

2.2 m3.3 m991 k1.9 m2.7 m907 k1.8 m2.8 m

Income Taxes Paid

10 k87 k1.1 m1.8 m1.8 m
USDY, 2017

Revenue/Employee

65 k

Financial Leverage

8.3 x

Select Bancorp Market Value History

Traffic Overview of Select Bancorp

Select Bancorp Company Life and Culture

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