Carolina Trust BancShares, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
October 26, 2018 at 09:00 am EDT
Carolina Trust BancShares, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the third quarter, the company reported interest income of $5,419,000 against $4,434,000 a year ago. Net interest income was $4,243,000 against $3,540,000 a year ago. Income before taxes was $1,215,000 against $521,000 a year ago. Net income available to common shareholders was $915,000 against $351,000 a year ago. Diluted earnings per share were $0.13 against $0.07 a year ago. Adjusted net income available to common shareholders was $1,057,000 against $351,000 a year ago. Adjusted diluted earnings per share were $0.15 against $0.07 a year ago. Return on average common equity was 7.42% against 4.67% a year ago. Book value per common share was $6.84 against $6.39 a year ago. Adjusted income before taxes was $1,372,000 against $521,000 a year ago. Return on average assets was 0.78% against 0.35% a year ago.
For the nine months, the company reported interest income of $15,544,000 against $12,777,000 a year ago. Net interest income was $12,053,000 against $10,214,000 a year ago. Income before taxes was $2,665,000 against $1,126,000 a year ago. Net income available to common shareholders was $2,006,000 against $758,000 a year ago. Diluted earnings per share were $0.32 against $0.16 a year ago. Adjusted net income available to common shareholders was $2,445,000 against $758,000 a year ago. Adjusted diluted earnings per share were $0.39 against $0.16 a year ago. Adjusted income before taxes was $3,145,000 against $1,126,000 a year ago.