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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1336281242721
Cash and cash equivalents1336281242721
Disposal group, including discontinued operation     41
Total current assets:1336281242762
Noncurrent Assets
Property, plant and equipment716161373331
Intangible assets, net (including goodwill)201144147833
Goodwill1841281284  
Intangible assets, net (excluding goodwill)171619433
Total noncurrent assets:272205208453634
Other undisclosed assets4,3043,5243,2291,6141,3481,103
TOTAL ASSETS:4,7093,7913,5191,6841,4101,199
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt43840634120312058
Total current liabilities:43840634120312058
Noncurrent Liabilities
Other undisclosed liabilities3,5282,8102,7031,3181,1501,048
Total liabilities:3,9653,2153,0441,5211,2701,105
Stockholders' equity
Stockholders' equity attributable to parent74357547516314094
Common stock000000
Additional paid in capital514408348665623
Accumulated other comprehensive income (loss)8(0)4(2)01
Retained earnings221167124988370
Total stockholders' equity:74357547516314094
TOTAL LIABILITIES AND EQUITY:4,7093,7913,5191,6841,4101,199

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues148133100736345
Net investment income14813379514131
Financial services revenue21222213
Cost of revenue
(Amortization of Mortgage Servicing Rights (MSRs))
(6)(4)(3)(2)(2)(2)
Gross profit:14212997706143
Operating expenses   (41)(38)(78)
Other operating income, net
(Noninterest Income, Other Operating Income)
445221
Operating income (loss):1471331023225(34)
Nonoperating income221112
Investment income, nonoperating     1
Bank owned life insurance income221111
Interest and debt expense(38)(27)(13)(11)(8)(6)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(30)(45)(48)4350
Income from continuing operations before income taxes:816242252112
Income tax expense(18)(13)(13)(8)(7)(3)
Net income available to common stockholders, diluted:63502918148

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:63502918148
Other comprehensive income (loss)8(4)6(2)(0)3
Comprehensive income, net of tax, attributable to parent:714635161411

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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