Carolina Financial (CARO) Misses Q2 EPS by 12c
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Carolina Financial Corporation Reports Results for Second Quarter of 2016
July 29, 2016 9:00 AM EDTCHARLESTON, S.C., July 29, 2016 /PRNewswire/ -- Carolina Financial Corporation (NASDAQ: CARO) today announced financial results for the second quarter of 2016. Highlights at and for the three months ended June 30, 2016, include:
Second Quarter 2016 financial highlights
On June 11, 2016, the Company closed its previously announced acquisition of Congaree Bancshares, Inc. (Congaree) with the operational conversion completed in July 2016. Net income for the second quarter of $2.8 million, or $0.23 per diluted share, including pretax merger expense of $2.8 million. Operating earnings for the second quarter of 2016, which excludes certain non-operating income... More