Last $5.34 USD
Change Today 0.00 / 0.00%
Volume 100.0
CART On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

carolina trust bank (CART) Snapshot

Open
$5.34
Previous Close
$5.34
Day High
$5.34
Day Low
$5.34
52 Week High
04/9/14 - $7.23
52 Week Low
02/5/14 - $3.32
Market Cap
24.7M
Average Volume 10 Days
1.3K
EPS TTM
$1.49
Shares Outstanding
4.6M
EX-Date
--
P/E TM
3.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for CAROLINA TRUST BANK (CART)

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carolina trust bank (CART) Details

Carolina Trust Bank provides various banking products and services for individuals, professionals, and small to mid-sized businesses in the Lincoln County and surrounding areas in North Carolina. The company accepts various deposit products, such as non-interest bearing checking accounts, interest bearing checking and savings accounts, money market accounts, certificates of deposit, and IRAs. It also offers various loans products, including home improvement, personal, automobile, vacation, home equity, mortgage, business, real estate, commercial, and equipment and collateral loans. In addition, the company provides ATM, telephone banking, Internet banking, ATM/Visa check cards, credit cards, automatic funds transfer, direct deposit/ACH, view accounts, place stop payments, pay bills, and payroll services. It operates seven full service branches in Lincolnton, West Lincolnton, Denver, Vale, Gastonia, and Forest City; and a loan production office in Hickory, North Carolina. The company was founded in 2000 and is headquartered in Lincolnton, North Carolina.

Founded in 2000

carolina trust bank (CART) Top Compensated Officers

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Executives, Board Directors

carolina trust bank (CART) Key Developments

Carolina Trust Bank Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Net Loan Charge-Offs for the Fourth Quarter Ended December 31, 2014

Carolina Trust Bank announced unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company’s total revenues, less interest expense increased $33,000 from the previous quarter and $51,000 from the quarter ended December 31, 2013. Interest income was $3,293,000 against $3,270,000 a year ago. Net interest income was $2,795,000 against $2,778,000 a year ago. Income before taxes was $360,000 against loss of $331,000 a year ago. Income attributable to common shareholders was $5,121,000 or $1.10 per basic and diluted common share against net loss attributable to common shareholders of $380,000 or $0.08 per basic and diluted common share a year ago. Return on average assets was 7.35% against negative 0.49% a year ago. Return on average equity was 78.68% against negative 5.78% a year ago. Book value per common share was $5.88 against $4.18 a year ago. Net income reflects recognition of a tax benefit of $4.82 million in the fourth quarter resulting from the Bank's reversal of its deferred tax asset valuation allowance. The reversal combined with net earnings resulted in tangible book value per common share of $5.88, an increase of $1.18 or 25.11% from September 30, 2014, and $1.70 or 40.67% from December 31, 2013. For the first nine months of 2014, the company’s interest income was $13,042,000 against $12,815,000 a year ago. Net interest income was $11,091,000 against $10,675,000 a year ago. Income before taxes was $2,318,000 against loss of $1,449,000 a year ago. Income attributable to common shareholders was $6,911,000 or $1.48 per diluted common share against net loss attributable to common shareholders of $1,639,000 or $0.35 per diluted common share a year ago. The company reported net loan charge-offs for the fourth quarter ended December 31, 2014. For the period, the company reported net loan charge-offs of $162,000 compared to $555,000 a year ago.

Carolina Trust Bank Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Carolina Trust Bank announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues, less interest expense increased $133,000 to $3.03 million on a linked-quarter basis while up marginally from prior year. Interest income was $3,292,000 against $3,287,000 a year ago. Net interest income was $2,805,000 against $2,766,000 a year ago. Income before taxes was $737,000 against loss of $249,000 a year ago. Income available attributable to common shareholders was $678,000 or $0.15 per basic and diluted common share against $200,000 or $0.04 per basic and diluted common share a year ago. Return on average assets was 1.08% against 0.37% a year ago. Return on average equity was 11.94% against 4.32% a year ago. Book value per common share was $4.70 against $4.33 a year ago. Loan growth, asset quality, net interest margin, and expense control drove third quarter profits in 2014. For the first nine months of 2014, the company reported net income available to common shareholders of $1.79 million compared to a net loss attributable to common shareholders of $1.26 million for the same period in 2013. Net income was $1.96 million.

Carolina Trust Bank Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Carolina Trust Bank reported unaudited earning results for the second quarter and six months ended June 30, 2014. For the period, the company reported net income attributable to common shareholders of $0.610 million or $0.13 per diluted common share, compared to a net loss of $1.443 million or $0.32 per diluted common share for the same period a year ago. Net interest income was $2.785 million compared to $2.624 million a year ago. Income before taxes was $0.669 million compared to $1.443 million a year ago. Book value per common share was $4.55 compared to $4.23 a year ago. Return on average assets was 1.0% compared to negative return on average assets of 2.12% a year ago. Return on average equity was 11.42% compared to negative return on average equity of 23.20% a year ago. For the first six months, the company had net income of $1.11 million or $0.24 per diluted common share as steady loan growth and favorable trends in asset quality and net interest margin marked ongoing progress in 2014.

 

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CART Competitors

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Company Last Change
American National Bankshares Inc $21.52 USD -1.03
First Community Bancshares Inc/VA $15.69 USD -0.04
HomeTown Bankshares Corp $7.75 USD 0.00
Union Bankshares Corp $20.00 USD -0.42
Valley Financial Corp/Roanoke VA $19.50 USD -0.054
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Industry Analysis

CART

Industry Average

Valuation CART Industry Range
Price/Earnings 3.6x
Price/Sales 2.0x
Price/Book -- Not Meaningful
Price/Cash Flow 3.5x
TEV/Sales -- Not Meaningful
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