Carolina Financial Corporation (CARO) financial statements (2020 and earlier)

Company profile

Business Address 288 MEETING STREET
CHARLESTON, SC 29401
State of Incorp.
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments133776860627682
Cash and cash equivalents133776860627682
Total current assets:133776860627682
Noncurrent Assets
Operating lease, right-of-use asset  18 
Property, plant and equipment71606061616263
Intangible assets, net (including goodwill)201142143143144145146
Goodwill184128128128128128128
Intangible assets, net (excluding goodwill)17141516161718
Disposal group, including discontinued operation, noncurrent assets   18   
Total noncurrent assets:272202220222205207208
Other undisclosed assets4,3043,7013,6003,5603,5243,4393,403
TOTAL ASSETS:4,7093,9803,8883,8423,7913,7213,693
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt438417371321406321355
Total current liabilities:438417371321406321355
Noncurrent Liabilities
Long-term debt and lease obligation   18   
Capital lease obligations18   
Total noncurrent liabilities:   18   
Other undisclosed liabilities3,5282,9412,9122,9142,8102,8372,787
Total liabilities:3,9653,3583,2823,2533,2153,1573,141
Stockholders' equity
Stockholders' equity attributable to parent743622606589575564552
Common stock0000000
Additional paid in capital514404405405408413412
Accumulated other comprehensive income (loss)81084(0)(3)(1)
Retained earnings221208193180167153140
Total stockholders' equity:743622606589575564552
TOTAL LIABILITIES AND EQUITY:4,7093,9803,8883,8423,7913,7213,693

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues38393735353438
Net investment income38393735353433
Cost of revenue(2)(1)(2)(1)(1)(1)(1)
Provision for loan, lease, and other losses (1)(1)    
Amortization of mortgage servicing rights (msrs)(2) (1)(1)(1)(1)(1)
Gross profit:36383534343337
Operating expenses  (5)    
Other operating income, net
(Noninterest Income, Other Operating Income)
1111113
Operating income:37393035353340
Nonoperating income (expense)00(1)0000
Bank owned life insurance income0000000
Mortgage servicing rights (msr) impairment (recovery)  (1)    
Interest and debt expense(9)(10)(10)(9)(8)(7)(7)
Other undisclosed loss from continuing operations before equity method investments, income taxes(7)(8)(0)(7)(8)(7)(15)
Income from continuing operations before income taxes:21211918191919
Income tax expense(5)(5)(4)(4)(4)(4)(4)
Net income available to common stockholders, diluted:16171515151515

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:16171515151515
Other comprehensive income (loss)(2)2452(2)(0)
Comprehensive income, net of tax, attributable to parent:14191919181314

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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