Carolina Financial Corporation Announces Fourth Quarter 2019 Earnings Release

CHARLESTON, S.C., Jan. 07, 2020 (GLOBE NEWSWIRE) -- Carolina Financial Corporation CARO ("Carolina Financial") plans to announce fourth quarter 2019 financial results in a news release after the market close on January 31, 2020.

About Carolina Financial Corporation

Carolina Financial Corporation CARO is the holding company of CresCom Bank, which also owns and operates Atlanta-based Crescent Mortgage Company. As of September 30, 2019, Carolina Financial Corporation (the "Company") had approximately $4.0 billion in total assets and Crescent Mortgage Company was approved to originate loans in 48 states partnering with community banks, credit unions and mortgage brokers. 

Forward-Looking Statements

Certain statements in this news release contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to future plans and expectations, and are thus prospective. Such forward-looking statements include but are not limited to statements with respect to our plans, objectives, expectations and intentions and other statements that are not historical facts, and other statements identified by words such as "believes," "expects," "anticipates," "estimates," "intends," "plans," "targets," and "projects," as well as similar expressions. Such statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Although we believe that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove to be inaccurate. Therefore, we can give no assurance that the results contemplated in the forward-looking statements will be realized. The inclusion of this forward-looking information should not be construed as a representation by the Company or any person that such future events, plans, or expectations will occur or be achieved.

For More Information, Contact - Carolina Financial Corporation, William A. Gehman III, EVP and CFO, 843.723.7700