| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
22 |
| Employees |
421 |
| Revenues (TTM) (Millions $) |
184 |
| Net Income (TTM) (Millions $) |
63 |
| Cash Flow (TTM) (Millions $) |
71 |
| Capital Exp. (TTM) (Millions $) |
6 |
Business Description
Carolina Financial Corporation is a financial holding company based in Charleston, South Carolina. It was founded in 1997 and operates as the holding company of CresCom Bank, a state-chartered commercial bank with branches throughout the Carolinas. Carolina Financial Corporation operates through two segments: CresCom Bank and Crescent Mortgage Company.
CresCom Bank provides a range of financial and banking products and services, including personal and commercial banking, mortgage lending, and wealth management services. The bank has over 70 branches throughout North and South Carolina and offers various deposit products, including checking and savings accounts, money market accounts, and certificates of deposit. Additionally, the bank provides loans, including commercial loans, home loans, and personal loans.
Crescent Mortgage Company is a subsidiary of Carolina Financial Corporation that offers mortgage lending services. The company provides mortgage loans to customers throughout the United States and offers a variety of mortgage products, including conventional, FHA, and VA loans.
Carolina Financial Corporation has grown rapidly over the years and has completed several acquisitions of other financial institutions, including Greer Bancshares Incorporated, Congaree Bancshares, and First South Bancorp. The company acquired its most significant acquisition in 2018 when it purchased Yadkin Financial Corporation, a North Carolina-based financial holding company, for approximately $1.8 billion.
As of December 31, 2020, Carolina Financial Corporation had total assets of $9.29 billion and total deposits of $62 billion. The company employs approximately 900 employees and operates primarily in the Carolinas. The company's shares are publicly traded on the NASDAQ Global Select Market under the ticker symbol "CARO."
Company Address: 288 Meeting Street Charleston 29401 SC
Company Phone Number: 723-7700 Stock Exchange / Ticker: NASDAQ CARO
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