crescent financial bancshare
(CRFN:Consolidated Issue listed on NASDAQ Global Market)
crescent financial bancshare (CRFN) Snapshot
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Open
$4.28
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Previous Close
$4.28
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Day High
$4.34
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Day Low
$4.24
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52 Week High
06/20/12 - $6.14
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52 Week Low
11/8/12 - $3.51
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Market Cap
197.5M
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Average Volume 10 Days
45.5K
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EPS TTM
$0.01
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Shares Outstanding
46.0M
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EX-Date
--
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P/E TM
429.0x
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Dividend
--
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Dividend Yield
--
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Related News
crescent financial bancshare (CRFN) Related Businessweek News
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Crescent Financial Bancshares, Inc. operates as the bank holding company for VantageSouth Bank that provides commercial banking products and services for individuals, businesses, business owners, and professionals in North Carolina. Its deposit products include non-interest bearing checking accounts, interest bearing checking accounts, savings accounts, money market accounts, individual retirement accounts, and certificates of deposit. The company’s loan portfolio comprises commercial and industrial loans for working capital, equipment, and business expansion; commercial real estate loans that are secured by leased apartments, retail centers, and commercial office and industrial buildings; and commercial construction loans for owner-occupied buildings and projects that are pre-sold or pre-leased, including one-to-four family residential construction loans. Its loan portfolio also includes consumer loans, such as automobile loans, boat and recreational vehicle financing, home equity and home improvement loans, and miscellaneous secured and unsecured personal loans; residential real estate loans for purchasing and refinancing one-to-four family properties; and home equity loans and lines of credit; mortgage loans; and government guaranteed loans for the purchase of businesses, business startups, business expansion, equipment, and working capital. In addition, the company offers credit cards, mortgage banking services, and other associated financial services, as well as online banking services. It operates 20 full service branch offices in Apex, Burlington, Cary, China Grove, Clayton, Fayetteville, Garner, Holly Springs, Knightdale, Pinehurst, Raleigh, Salisbury, Sanford, Southern Pines, and Wilmington, North Carolina. The company was founded in 1998 and is headquartered in Raleigh, North Carolina. Crescent Financial Bancshares, Inc. is a subsidiary of Piedmont Community Bank Holdings, Inc.
crescent financial bancshare (CRFN) Top Compensated Officers
crescent financial bancshare (CRFN) Key Developments
Crescent Financial Bancshares, Inc. approved an amendment to the certificate of incorporation to change the company's name to VantageSouth Bancshares, Inc.
On May 28, 2013, Crescent Financial Bancshares, Inc. changed its name to VantageSouth Bancshares, Inc.
Crescent Financial Bancshares, Inc. reported unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total interest income of $11,528,000, net interest income of $9,944,000, loss before income taxes of $1,201,000 and net loss available to common stockholders of $1,175,000 or $0.03 basic and diluted per share. Book value per common share as at March 31, 2013 was $4.13. Tangible book value per common share as at March 31, 2013 was $3.33. Return on average assets was negative at 0.30%. Return on average equity was negative at 1.88%.
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| CRFN:US | $4.29 USD | +0.01 |  |
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Industry Analysis
CRFN
Industry Average
| Valuation | CRFN | Industry Range |
| Price/Earnings | 100.0x |
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| Price/Sales | 3.2x |
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| Price/Book | 1.0x |
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| Price/Cash Flow | 67.3x |
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| TEV/Sales | 1.9x |
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To contact CRESCENT FINANCIAL BANCSHARE, please visit www.crescentstatebank.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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