Carolina Financial Corporation ranked first out of 200 banks Courtesy of whosonthemove.com
Carolina Financial Corporation was recently topped the American Banker’s list of Top 200 Public Traded Community Banks and Thrifts.
The corporation, based in Charleston, South Carolina, has data demonstrating a three-year average ROAE amounting to 20.89 percent. This makes the corporation one of three publicly traded community banks in the state of South Carolina that were listed on the American Banker’s ranking.
In April 2015, the corporation’s first quarter 2015 financial results showed a 55 percent net income raise compared to the same quarter of 2014. Experts attribute this increase to strong loan growth, free income growth, recent acquisitions of thirteen different branch locations and improved operating results.
In 2014, Carolina Financial Corporation was named sixth on the list thanks to its 17.1 percent three-year average of ROAE. For the list in 2014, institutions were required to have 8.66 percent as their three-year average ROAE; for this year’s list, the institutions were required to have 8.76% as their three-year average ROAE.
The banks on the list were required to have assets totaling less than $2 billion according to a three-year average return on average equity (ROAE) from April 2015.
“We’re pleased to see Carolina Financial Corporation top this year’s American Banker list,” Carolina Financial Chief Executive Officer Jerry Rexroad said.
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