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Carolina Financial: 3Q Earnings Snapshot

CHARLESTON, S.C. (AP) _ Carolina Financial Corp. (CARO) on Thursday reported third-quarter earnings of $16.6 million.

The bank, based in Charleston, South Carolina, said it had earnings of 74 cents per share. Earnings, adjusted for non-recurring costs, came to 83 cents per share.

The holding company for CresCom Bank posted revenue of $58.5 million in the period. Its revenue net of interest expense was $48.9 million, exceeding Street forecasts.

Carolina Financial shares have climbed 22% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $36.16, an increase of 16% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CARO at https://www.zacks.com/ap/CARO