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Carolina Financial (CARO) Company Profile

Updated Sep 9, 2019
Carolina Financial has the following business profile:
Company's Full Name:Carolina Financial Corporation
Short Name:Carolina Financial
Trading Ticker Symbol:CARO
Primary Exchange:NASDAQ
Headquarter City/Country:South Carolina, SC
Primary Industry Sector:Finance
Seconday Sub-sector:Major Banks
Main Business Areas: Finance, Major Banks, Financial Services, Regional US Banks, Bank
Dividend Payments:Dividend History

Market and Trading Information for Carolina Financial

The following details were available for trading and market data about the stock of Carolina Financial as of writing:
Current Share Price:$35.21
Previous Year's Closing Price:$29.59
Percentage Price Change (YTD):18.99%
Market Cap:$780.94 million
52-week Price Range:$27.62 - $41.72
Dividend Per Share:$0.31
EPS (TTM):2.66
Price-Earnings (Trailing):13.22
Price-Earnings (Forward):11.9

Company Profile and Business Description for Carolina Financial

Carolina Financial Corporation, incorporated on February 14, 1996, is a bank holding company. The Company operates through CresCom Bank (the Bank), a state-chartered commercial bank. The Company operates through three segments: community banking, wholesale mortgage banking (mortgage banking) and other. The Company's community banking segment provides traditional banking services offered through CresCom Bank. The Company's mortgage banking segment provides mortgage loan origination and servicing offered through Crescent Mortgage Company (Crescent Mortgage). The other segment provides managerial and operational support to the other business segments through Carolina Services and Carolina Financial. CresCom Bank provides a range of commercial and retail banking financial services to meet the financial needs of its customers through its branch network in South Carolina and North Carolina.

Lending Activities

The Company provides a range of lending services, including commercial and residential real estate mortgage loans, real estate construction loans, commercial and industrial loans, and consumer loans. The Company's customers are individuals, small to medium-sized businesses and professional firms that are located in or conduct a substantial portion of their business in its market areas. The Company's lending activities primarily focuses on the professional market, including doctors, dentists, small business to medium sized owners and commercial real estate developers.

The Company originates and holds short-term and long-term first mortgages and traditional second mortgage residential real estate loans. It offers fixed and adjustable rate residential real estate loans with terms of up to 30 years. It offers fixed and adjustable rate residential and commercial construction loan financing to builders and developers and to consumers who build their own home. It makes loans for commercial purposes in various lines of businesses, including the manufacturing industry, service industry and professional service areas. It makes a range of loans to individuals for personal and household purposes, including secured and unsecured installment loans and revolving lines of credit. As of December 31, 2016, the Company's total net loans receivable were $1.16 billion.

Investment Activities

The Company's investment activities include available-for-sale investment portfolio, such as the United States agency securities, municipal securities, mortgage-backed securities (agency and non-agency), collateralized loan obligations and trust preferred securities. As of December 31, 2016, the Company's total available-for-sale securities were $335.35 million.

Sources of Funds

The Company provides a range of deposit services, including noninterest-bearing demand accounts, interest-bearing demand and savings accounts, money market accounts and time deposits. As of December 31, 2016, the Company's total deposits were $1.3 billion. The Company utilizes borrowing facilities, including the Federal Home Loan Bank of Atlanta (FHLB) advance window, the Board of Governors of the Federal Reserve System (the Federal Reserve) and federal funds purchased.

The Company competes with SunTrust, Bank of America, Wells Fargo and BB&T.

288 Meeting St

Peer / Competitor Companies of Major Banks Sector

Along with Carolina Financial Corporation, the following other peer (competitor) companies also exist within the same Major Banks - Finance sector whose company profile and dividend history is as follows:

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▶ Allegiance Bancshares (ABTX): Allegiance Bancshares, Inc., incorporated on April 30, 2008, is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily ....See Detailed Company Profile  and Dividend History.

▶ American National Bankshares (AMNB): American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segm....See Detailed Company Profile  and Dividend History.

▶ American River Bankshares (AMRB): American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services to small and middle-market businesses, and individuals in Calif....See Detailed Company Profile  and Dividend History.

▶ Ameris Bancorp (ABCB): Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company....See Detailed Company Profile  and Dividend History.

▶ AmeriServ Financial (ASRV): AmeriServ Financial Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking service....See Detailed Company Profile  and Dividend History.

▶ AmeriServ Financial (ASRVP): ....See Detailed Company Profile  and Dividend History.

▶ Ames National (ATLO): Ames National Corporation, incorporated on January 15, 1975, is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks ....See Detailed Company Profile  and Dividend History.

▶ ANZ Bank ADR (ANZBY): Australia and New Zealand Banking Group Limited provides various banking and financial products and services. The company's Australia division offers retail products and services to consumers through the branch....See Detailed Company Profile  and Dividend History.

▶ Arrow Financial (AROW): Arrow Financial Corporation (Arrow), incorporated on March 21, 1983, is a bank holding company. The Companys banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and ....See Detailed Company Profile  and Dividend History.

▶ Associated Banc-Corp (ASB): Associated Banc-Corp, incorporated on October 20, 1964, is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a ....See Detailed Company Profile  and Dividend History.

▶ Atlantic Capital Bancshares (ACBI): Atlantic Capital Bancshares, Inc. operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, m....See Detailed Company Profile  and Dividend History.

▶ Auburn National Bancorporation (AUBN): Auburn National Bancorporation, Inc., incorporated on April 12, 1990, is a bank holding company. The Company operates through its subsidiary AuburnBank (the Bank), which is a commercial bank located in ....See Detailed Company Profile  and Dividend History.

▶ Banc of California (BANC): Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company's deposits cons....See Detailed Company Profile  and Dividend History.

▶ BancFirst (BANF): BancFirst Corporation, incorporated on July 12, 1984, is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. The Company ....See Detailed Company Profile  and Dividend History.

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▶ Banco Bradesco Sa (BBDO): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans a....See Detailed Company Profile  and Dividend History.

▶ Bancorp of New Jersey (BKJ): Bancorp of New Jersey, Inc. operates as a bank holding company of Bank of New Jersey that provides banking services to individuals, businesses, non-profit organizations, and governmental units. The co....See Detailed Company Profile  and Dividend History.

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