Select Bancorp Inc's Corporate Customers have recorded a rise in their cost of revenue by 22.92 % in the 2 quarter 2021 year on year, sequentially costs of revenue grew by 15.32 %. During the corresponding time, Select Bancorp Inc recorded a revenue increase by 62.13 % year on year, sequentially revenue fell by -0.09 %. While revenue at the Select Bancorp Inc 's corporate clients recorded rose by 22.17 % year on year, sequentially revenue grew by 0.23 %.
Select Bancorp Inc's Customers have recorded a rise in their cost of revenue by 22.92 % in the 2 quarter 2021 year on year, sequentially costs of revenue grew by 15.32 %, for the same period Select Bancorp Inc recorded revenue increase by 62.13 % year on year, sequentially revenue fell by -0.09 %.
Select Bancorp Inc's Comment on Sales, Marketing and Customers
The Registrant’s market area consists of central and eastern North Carolina
which includes Alamance, Beaufort, Brunswick, Carteret, Cumberland, Harnett,
Pasquotank, Pitt, Robeson, Sampson, Wake and Wayne counties. The Registrant’s
market area has a population of over 2.4 million with an average household income
of over $52,000.
The leading economic components of Alamance County are healthcare and education
with the largest employers being LabCorp, the public school system, the Alamance
Regional Medical Center and Elon University. In Beaufort County the top employers
are the Beaufort County Schools, PCS Phosphate Company, a manufacturing facility,
Vidant Medical Center and other manufacturing facilities and public administration.
Brunswick County’s leading industries are education, utilities and public
administration with the Brunswick County Schools, Progress Energy and the County
of Brunswick as the top employers. In Carteret County, it is public services
that are leading economic factors as education, health services and public administration
are the leading employers followed by major retailers including Wal-Mart, Food
Lion and Big Rock Sports LLC, an outdoor sporting goods distributor. Cumberland
County’s leading sector is federal government and military with extensions
of the Army, Navy and Air Force located there, followed by education, health
services, public administration and manufacturing. In Harnett County, top economic
sectors are education and retail trade distribution center as the top three
employers are the Harnett County Schools, Food Lion, Rooms-to-Go and Campbell
University. In Pasquotank County, education, health services and the U.S. Department
of Homeland Security through the U.S. Coast Guard base in Elizabeth City are
top employers. Pitt County has a mix of education and health services employers
and still relies heavily on manufacturing with over 1,000 jobs attributable
to NACCO Materials Handling Group as well as being home to East Carolina University.
In Robeson County, leading sectors include education, health services, and manufacturing
with Mountaire Farms of N.C. employing over 1,000. In Sampson County, leading
sectors include education, manufacturing, agriculture, natural resources and
mining. In Wake County, leading sectors include government, education, healthcare,
and technology. Wayne County’s leading sectors are the federal government
and military services, education and retail trade.
Select Bancorp Inc’s Comment on Sales, Marketing and Customers
The Registrant’s market area consists of central and eastern North Carolina
which includes Alamance, Beaufort, Brunswick, Carteret, Cumberland, Harnett,
Pasquotank, Pitt, Robeson, Sampson, Wake and Wayne counties. The Registrant’s
market area has a population of over 2.4 million with an average household income
of over $52,000.
The leading economic components of Alamance County are healthcare and education
with the largest employers being LabCorp, the public school system, the Alamance
Regional Medical Center and Elon University. In Beaufort County the top employers
are the Beaufort County Schools, PCS Phosphate Company, a manufacturing facility,
Vidant Medical Center and other manufacturing facilities and public administration.
Brunswick County’s leading industries are education, utilities and public
administration with the Brunswick County Schools, Progress Energy and the County
of Brunswick as the top employers. In Carteret County, it is public services
that are leading economic factors as education, health services and public administration
are the leading employers followed by major retailers including Wal-Mart, Food
Lion and Big Rock Sports LLC, an outdoor sporting goods distributor. Cumberland
County’s leading sector is federal government and military with extensions
of the Army, Navy and Air Force located there, followed by education, health
services, public administration and manufacturing. In Harnett County, top economic
sectors are education and retail trade distribution center as the top three
employers are the Harnett County Schools, Food Lion, Rooms-to-Go and Campbell
University. In Pasquotank County, education, health services and the U.S. Department
of Homeland Security through the U.S. Coast Guard base in Elizabeth City are
top employers. Pitt County has a mix of education and health services employers
and still relies heavily on manufacturing with over 1,000 jobs attributable
to NACCO Materials Handling Group as well as being home to East Carolina University.
In Robeson County, leading sectors include education, health services, and manufacturing
with Mountaire Farms of N.C. employing over 1,000. In Sampson County, leading
sectors include education, manufacturing, agriculture, natural resources and
mining. In Wake County, leading sectors include government, education, healthcare,
and technology. Wayne County’s leading sectors are the federal government
and military services, education and retail trade.
Sources:
Select Bancorp inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Select Bancorp inc’s corporate clients.
For your research, we’ve provided 9 tables on Select Bancorp inc corporate clients.
You can find them in the navigation menu under Customers & Markets.
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