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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments776281242721
Cash and cash equivalents776281242721
Disposal group, including discontinued operation     41
Total current assets:776281242762
Noncurrent Assets
Property, plant and equipment606161373331
Intangible assets, net (including goodwill)142144147833
Goodwill1281281284  
Intangible assets, net (excluding goodwill)141619433
Total noncurrent assets:202205208453634
Other undisclosed assets3,7013,5243,2291,6141,3481,103
TOTAL ASSETS:3,9803,7913,5191,6841,4101,199
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt41740634120312058
Total current liabilities:41740634120312058
Noncurrent Liabilities
Other undisclosed liabilities2,9412,8102,7031,3181,1501,048
Total liabilities:3,3583,2153,0441,5211,2701,105
Stockholders' equity
Stockholders' equity attributable to parent62257547516314094
Common stock000000
Additional paid in capital404408348665623
Accumulated other comprehensive income (loss)10(0)4(2)01
Retained earnings208167124988370
Total stockholders' equity:62257547516314094
TOTAL LIABILITIES AND EQUITY:3,9803,7913,5191,6841,4101,199

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues145133100736345
Net investment income14513379514131
Financial services revenue21222213
Cost of revenue(5)(4)(3)(2)(2)(2)
Provision for loan, lease, and other losses(1) 
Amortization of mortgage servicing rights (msrs)(4)(4)(3)(2)(2)(2)
Gross profit:14012997706143
Operating expenses(5)  (41)(38)(78)
Other operating income, net
(Noninterest Income, Other Operating Income)
445221
Operating income (loss):1391331023225(34)
Nonoperating income021112
Investment income, nonoperating     1
Bank owned life insurance income221111
Mortgage servicing rights (msr) impairment (recovery)(1)     
Interest and debt expense(37)(27)(13)(11)(8)(6)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(24)(45)(48)4350
Income from continuing operations before income taxes:796242252112
Income tax expense(17)(13)(13)(8)(7)(3)
Net income available to common stockholders, diluted:62502918148

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:62502918148
Other comprehensive income (loss)13(4)6(2)(0)3
Comprehensive income, net of tax, attributable to parent:744635161411

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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