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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.

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TypePublic
Founded2003
HQDunn, US
Websiteselectbank.com
Employee Ratings0

Latest Updates

Employees (est.) (Sep 2017)150
Job Openings31
Revenue (FY, 2017)$42.7 M(+13%)
Share Price (Feb 2019)$11.7

Select Bancorp Office Locations

Select Bancorp has offices in Dunn, Raleigh, Morehead City, Lumberton 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

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Select Bancorp's revenue was reported to be $42.69 m in FY, 2017
USD

Revenue (Q3, 2018)

15.4m

Gross profit (Q3, 2018)

12.9m

Gross profit margin (Q3, 2018), %

83.6%

Net income (Q3, 2018)

4.3m

EBIT (Q3, 2018)

12.3m

Market capitalization (11-Feb-2019)

226.3m

Closing stock price (11-Feb-2019)

11.7

Cash (30-Sep-2018)

18.7m

EV

265.0m
Select Bancorp's current market capitalization is $226.3 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

25.5m26.1m36.6m37.9m42.7m

Revenue growth, %

14%28%14%

Cost of goods sold

5.3m4.5m3.5m3.7m5.1m

Gross profit

20.3m21.6m33.1m34.2m37.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

6.2m5.9m5.8m8.2m9.1m9.2m9.0m9.3m9.5m9.5m9.9m10.2m10.8m14.9m15.4m15.4m

Cost of goods sold

1.3m1.1m1.1m1.2m939.0k835.0k878.0k927.0k912.0k909.0k1.0m1.2m1.4m2.0m2.3m2.5m

Gross profit

4.9m4.8m4.7m7.0m8.2m8.4m8.1m8.4m8.6m8.6m8.8m9.1m9.5m12.9m13.2m12.9m

Gross profit Margin, %

79%81%81%86%90%91%90%90%90%90%89%88%87%86%85%84%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

20.2m14.4m12.6m14.4m16.6m

Accounts Receivable

1.7m2.4m2.4m2.8m

Inventories

346.5m617.4m677.2m982.6m

PP&E

10.9m17.6m19.1m17.9m18.3m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

2.9m2.4m6.6m6.8m3.2m

Inventories

Accounts Payable

Cash From Operating Activities

4.7m3.4m6.9m8.5m6.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

2.7m272.0k885.0k1.1m1.7m3.6m4.9m1.5m3.4m5.1m2.1m3.5m5.2m1.9m5.0m9.3m

Cash From Operating Activities

3.6m839.0k1.8m3.8m2.7m4.1m5.5m2.6m5.6m6.5m3.1m3.6m6.2m(7.8m)(4.1m)(488.0k)

Cash From Investing Activities

11.8m6.0m17.6m41.3m(8.5m)(2.4m)(17.6m)(27.8m)(57.6m)(79.0m)7.4m(3.6m)1.2m

Long-term Borrowings

(100.0k)
USDY, 2018

EV/EBIT

21.5 x

EV/CFO

-543 x

Debt/Equity

0.3 x

Financial Leverage

6.1 x
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Select Bancorp News and Updates

Select Bancorp Announces Agreement to Purchase City National Branch in Virginia Beach, VA

DUNN, N.C., Jan. 30, 2019 (GLOBE NEWSWIRE) -- Select Bancorp, Inc. (NASDAQ: SLCT), the holding company for Select Bank & Trust Company, announced today that Select Bank & Trust has entered into a definitive purchase and assumption agreement pursuant to which the bank has agreed to purchase…

Select Bancorp Reports Fourth Quarter and Year-End 2018 Earnings

DUNN, N.C., Jan. 25, 2019 (GLOBE NEWSWIRE) -- Select Bancorp, Inc. (the “Company” NASDAQ: SLCT), the holding company for Select Bank & Trust Company (the “Bank”), today reported net income for the year ended December 31, 2018 of $13.8 million and basic and diluted earnings per share of $0.87, …

Select Bancorp Reports Third Quarter 2018 Earnings

DUNN, N.C., Oct. 22, 2018 (GLOBE NEWSWIRE) -- Select Bancorp, Inc. (the “Company” NASDAQ: SLCT), the holding company for Select Bank & Trust Company (the “Bank”), today reported net income for the quarter ended September 30, 2018 of $4.3 million with basic and diluted earnings per share of $0.…

Select Bancorp Announces Closing of Common Stock Offering and Full Exercise of Overallotment Option to Purchase Additional Shares of Common Stock

DUNN, N.C., Aug. 30, 2018 (GLOBE NEWSWIRE) -- Select Bancorp, Inc. (NASDAQ: SLCT) (the “Company”), the holding company for Select Bank & Trust Company (the “Bank”), today announced the closing of its underwritten public offering of 5,270,834 shares of the Company’s common stock. The offering w…
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Select Bancorp Company Life and Culture

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Select Bancorp Frequently Asked Questions

  • When was Select Bancorp founded?

    Select Bancorp was founded in 2003.

  • How many employees does Select Bancorp have?

    Select Bancorp has 150 employees.

  • What is Select Bancorp revenue?

    Latest Select Bancorp annual revenue is $42.7 m.

  • What is Select Bancorp revenue per employee?

    Latest Select Bancorp revenue per employee is $284.6 k.

  • Who are Select Bancorp competitors?

    Competitors of Select Bancorp include C&F Finance, Washington Trust Bancorp and CNB Financial.

  • Where is Select Bancorp headquarters?

    Select Bancorp headquarters is located at 700 W Cumberland St, Dunn.

  • Where are Select Bancorp offices?

    Select Bancorp has offices in Dunn, Raleigh, Morehead City, Lumberton and in 9 other locations.

  • How many offices does Select Bancorp have?

    Select Bancorp has 13 offices.