Crescent Financial Corporation (CRFN) news stock charts
Crescent Financial Corporation (CRFN) Investment Summary:
Crescent Financial Corporation (referred to as the “Registrant,” the “Company” or by the use of “we,” “our” or “us”) was incorporated under the laws of the State of North Carolina on April 27, 2001, at the direction of the Board of Directors of Crescent State Bank (“CSB” or the “Bank”), for the purpose of serving as the bank holding company for CSB and became the holding company for CSB on June 29, 2001. To become CSB’s holding company, Registrant received approval of the Federal Reserve Board as well as CSB’s shareholders. Upon receiving such approval, each share of $5.00 par value common stock of CSB was exchanged on a one-for-one basis for the $1.00 par value common stock of the Registrant. On August 31, 2006, the Registrant acquired Port City Capital Bank (“PCCB”) for cash and stock valued at $40.2 million. The Company was a multi-bank holding company from August 31, 2006 through June 15, 2007. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f11%2f0001144204-08-014452.html#FIS_BUSINESS"CRESCENT FINANCIAL CORP (CRFN:NASDAQ)
Snapshot of CRESCENT FINANCIAL CORP (CRFN)
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OPEN
$3.06
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PREVIOUS CLOSE
$3.01
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DAY HIGH
$3.10
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DAY LOW
$3.01
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52 WEEK HIGH
08/14/09 - $4.95
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52 WEEK LOW
01/7/10 - $2.80
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MARKET CAP
29.0M
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AVERAGE VOLUME 10 D
5.6K
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EPS TTM
$-1.25
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SHARES OUTSTANDING
9.6M
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CRFN Does Not Pay Dividends
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P/E TTM
--
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| K = Thousands M = Millions B = Billions | ||
Key developments for CRESCENT FINANCIAL CORP (CRFN)
Crescent Financial Corp. expected to Report Q1 2010 Results on April 26, 2010. This event was calculated by Capital IQ (Created on February 2, 2010).
Crescent Financial Corporation reported unaudited earnings results for the fourth quarter and full year ended December 31, 2009. For the quarter, the company reported net loss attributable to common shareholders of $32,651,000 or $3.41 per basic and diluted share on net interest income of $7,675,000 compared to net loss attributable to common shareholders of $766,000 or $0.08 per basic and diluted share on net interest income of $6,175,000 for the year ended December 31, 2008. Loss before income taxes for the period was $33,548,000 compared to $1,504,000 for the year ended December 31, 2008. Total interest income for the period was $13,976,000 compared to $13,711,000 for the year ended December 31, 2008. Negative return on average assets for the period was 12.00% compared to 0.32% for the same period prior year. Negative return on average equity for the period was 103.58% compared to 3.21% for the same period prior year. Book value per common share as at December 31, 2009 was $6.92 compared to $9.88 per share for the same period previous year. Tangible book value per common share as at December 31, 2009 was $6.83 compared to $6.64 per share for the same period previous year. For the year, the company reported net loss attributable to common shareholders was $31,843,000 or $3.33 per diluted share compared to net income of $2,011,000 or $0.21 per diluted share for the year ended December 31, 2008. Net interest income increased $4.3 million or 17% to $29.6 million in 2009 from $25.3 million in 2008. Total interest income improved by $1.8 million or 3% to $56.2 million from $54.4 million. The increase in interest income was primarily attributed to the $136.8 million rise in average earning assets and was partially offset by the impact of a 72 basis point decline on the yield on earning assets. Loss before income taxes for the period was $31,555,000 compared to income before income taxes of $2,610,000 for the same period prior year. Negative return on average assets for the period was 2.85% compared to return on average assets of 0.22% for the same period prior year. Negative return on average equity for the period was 24.85% compared to 2.13% for the same period prior year. The company recorded impairment charges for the fourth quarter ended December 31, 2009. Loss on impairment of nonmarketable investment for the quarter was $197,000 and impairment of goodwill was $30,233,000.
Crescent Financial Corp. reported earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported that total Interest Income was $14,068,000 compared to $13,794,000 in the previous year period. Income before income taxes was $694,000 compared to $1,052,000 in the previous year period. Net income was $636,000 compared to $746,000 in the previous year period. Net income available for common shareholders was $214,000 or $0.02 per diluted share compared to $746,000 or $0.08 per diluted share in the previous year period. Book value per common share was $10.46 compared to $9.79 in the previous year period. Return on average assets was 0.24% compared to 0.31% in the previous year period. Return on average equity was 2.06% compared to 3.12% in the previous year period. For the nine months, the company reported that total Interest Income was $42,231,000 compared to $40,693,000 in the previous year period. Income before income taxes was $1,993,000 compared to $4,114,000 in the previous year period. Net income was $1,821,000 compared to $2,777,000 in the previous year period. Net income available for common shareholders was $809,000 or $0.08 per diluted share compared to $2,777,000 or $0.29 per diluted share in the previous year period. Return on average assets was 0.23% compared to 0.41% in the previous year period. Return on average equity was 2.01% compared to 3.94% in the previous year period.
Crescent Financial Corporation financial resources
CRFN Competitors
| Company | Last | Change |
| SunTrust Banks Inc | $26.82 USD | -0.26 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | CRFN | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.3x |
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| Price/Book | 0.4x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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CRFN |
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CRFN transactions
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| No transactions in the last 6 months. | ||
More Recent Financial News About Crescent Financial Corporation
Crescent Financial Corporation Announces Financial Results for the Year Ended December 31, 2009
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Crescent Financial Corporation Announces Financial Results for the Year Ended December 31, 2009
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CRESCENT FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition, Material Impairments
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Crescent Financial Corporation Announces Financial Results for the Year Ended December 31, 2009
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Crescent Financial Corporation Announces Revision to Earnings for Q2 2009
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Crescent Financial Corporation Announces Third Quarter Results
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CRESCENT FINANCIAL CORP Files SEC form 10-Q, Quarterly Report
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CRESCENT FINANCIAL CORP Files SEC form 10-Q, Quarterly Report
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CRESCENT FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition
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Crescent Financial Corporation Announces Third Quarter Results
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CRESCENT FINANCIAL CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhib
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Crescent Financial Corporation Announces Revision to Earnings for Q2 2009
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Crescent Financial meets Street despite lower profit
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CRESCENT FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition
Read article
CRESCENT FINANCIAL CORP Files SEC form 10-Q, Quarterly Report
Read article