Last $0.60 USD
Change Today 0.00 / 0.00%
Volume 2.3K
BCAR On Other Exchanges
Symbol
Exchange
OTC US
As of 5:20 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

bank of the carolinas(nc) (BCAR) Snapshot

Open
$0.60
Previous Close
$0.60
Day High
$0.60
Day Low
$0.60
52 Week High
07/29/14 - $1.35
52 Week Low
06/3/14 - $0.42
Market Cap
277.2M
Average Volume 10 Days
7.1K
EPS TTM
$-0.46
Shares Outstanding
462.0M
EX-Date
04/13/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BANK OF THE CAROLINAS(NC) (BCAR)

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bank of the carolinas(nc) (BCAR) Details

Bank of the Carolinas Corporation operates as the holding company for Bank of the Carolinas that provides commercial and consumer banking services primarily in the Piedmont region of North Carolina. The company offers business and individual checking accounts, savings accounts, negotiable order of withdrawal accounts, certificates of deposit, and money market checking accounts, as well as fixed interest rate certificates with varying maturities. It also provides consumer and commercial loans for various personal, business, and agricultural purposes, including term and installment loans, commercial and equity lines of credit, and overdraft checking credit; and commercial operating and working capital loans, residential mortgage loans, home equity lines of credit, other consumer loans, and loans secured by commercial real estate. Bank of the Carolinas Corporation offers its products and services primarily to individuals, and small-and medium-sized businesses. As of August 14, 2014, it operated offices in Advance, Asheboro, Concord, Harrisburg, Landis, Lexington, and Winston-Salem. The company was founded in 1998 and is headquartered in Mocksville, North Carolina.

101 Employees
Last Reported Date: 05/16/14
Founded in 1998

bank of the carolinas(nc) (BCAR) Top Compensated Officers

Vice Chairman, Chief Executive Officer, Presi...
Total Annual Compensation: $220.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $110.5K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $167.5K
Executive Vice President
Total Annual Compensation: $150.0K
Compensation as of Fiscal Year 2013.

bank of the carolinas(nc) (BCAR) Key Developments

Bank of the Carolinas Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Bank of the Carolinas Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income available to common shareholders of $10.7 million as compared to a net loss of $5,000 for the third quarter of 2013. Net income per diluted common share was $0.028. Net interest income was $2,997,000 against $2,671,000 a year ago. Income before income taxes was $370,000 against loss before tax of $392,000 a year ago. Book value per common share as of September 30, 2014 was $0.10 against book value per common share as of September 30, 2013 of negative $2.77. The increase in net income was primarily due to the $10.2 million gain on redemption of preferred stock in the third quarter of 2014. For the period, the company reported net loss available to common shareholders of $10.0 million or $0.075 per common share, compared to a net loss of $1.4 million or $0.36 per common share for the nine-month period ended September 30, 2013. Net interest income was $8,360,000 against $7,916,000 a year ago. Loss before income taxes was $265,000 against profit before tax of $104,000 a year ago. Book value per common share as of September 30, 2014 was $0.10 against book value per common share as of September 30, 2013 of negative $2.77.

Bank of the Carolinas Corp. and Bank of the Carolinas Announces Board Changes

The board of directors of Bank of the Carolinas Corporation and its wholly owned subsidiary, Bank of the Carolinas, have appointed Harvey L. Glick as a director and elected him as chairman. The board was introduced to Mr. Glick during the course of the Company's recent $45.8 million capital raise. Mr. Glick participated in the capital raise and was instrumental to its success. In electing Glick as chairman, the board noted his involvement in the capital raise, his leadership capabilities, and his broad experience in the financial services industry. Glick was most recently president and chief executive officer of Insight Bank. Mr. Glick succeeds Dr. Francis W. Slate as chairman. Dr. Slate will continue to serve on the board until the Company's annual meeting of shareholders in December.

Bank of the Carolinas Corporation Announces Auditor Changes

Bank of the Carolinas Corporation announced that Turlington and Company, L.L.P. was dismissed as its independent registered public accounting firm. The company appointed Cherry Bekaert LLP as its independent registered public accounting firm for the fiscal year ending December 31, 2014.

 

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Industry Average

Valuation BCAR Industry Range
Price/Earnings 6.7x
Price/Sales 19.2x
Price/Book 6.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales 18.5x
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