Carolina Financial Corporation Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014
For the year, the company reported interest income was $37,656,000 compared to $32,948,000 for the same period a year ago. Net interest income was $32,054,000 compared to $27,230,000 for the same period a year ago. Net interest income after provision for loan losses was $32,054,000 compared to $28,090,000 for the same period a year ago. Income before taxes was $11,759,000 compared to $26,204,000 for the same period a year ago. Net income was $8,311,000 compared to $16,818,000 for the same period a year ago. Diluted net income per share was $1.05 compared to $2.12 for the same period a year ago. Return on average assets was 0.84% compared to 1.89% for the same period a year ago. Return on average equity was 9.39% compared to 22.04% for the same period a year ago. The company reported book value per common share of $12.02 as of December 31, 2014 as compared to $10.69 as of December 31, 2013. The company reported tangible book value per common share of $11.60 as of December 31, 2014 as compared to $10.69 as of December 31, 2013.