Crescent Financial Corp trades in the stock market under the ticker symbol of CRFN. Search for the ticker of any public company above using the 'Get Ticker' search in red.

Who is Crescent Financial Corp?

Crescent Financial Bancshares, Inc. operates as the bank holding company for Crescent State Bank that provides commercial and retail banking services to individuals and small-to-medium sized businesses in North Carolina. Its deposit products include non-interest bearing checking accounts, interest bearing checking accounts, savings accounts, money market accounts, and certificates of deposit. The company’s loan portfolio comprises real estate mortgage and construction loans; and small business administration guaranteed loans; commercial mortgage loans; and commercial loans, including secured loans for working capital, expansion, and other business purposes. It also offers consumer loans, such as automobile loans, boat and recreational vehicle financing, home equity and home improvement loans, and miscellaneous secured and unsecured personal loans; home equity lines of credit; residential real estate loans; and credit cards. In addition, the company provides on-line banking and bill paying, on-line check images, wire transfers, ACH originations, and stop payment orders of checks services, as well as investment and courier services. As of August 2, 2011, it operated 15 banking offices in Cary, Apex, Clayton, Holly Springs, Southern Pines, Pinehurst, Sanford, Garner, Raleigh, Wilmington, and Knightdale, North Carolina. The company was formerly known as Crescent Financial Corporation and changed its name to Crescent Financial Bancshares, Inc. in November 2011. Crescent Financial Bancshares, Inc. was founded in 1998 and is headquartered in Cary, North Carolina.

159 Employees
Last Reported Date: 03/30/12
Founded in 1998
Last $4.56 USD
Change Today +0.19 / 4.35%
Volume 1.1K
As of 12:24 PM 10/25/12 All times are local (Market data is delayed by at least 15 minutes).

crescent financial bancshare (CRFN) Snapshot

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Day High
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52 Week High
05/4/12 - $6.28
52 Week Low
01/26/12 - $2.88
Market Cap
Average Volume 10 Days
Shares Outstanding
CRFN Does Not Pay Dividends
CRFN:US Historical Stock Quote
CRFN:US Advanced Stock Chart

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crescent financial bancshare (CRFN) Key Developments

Crescent Financial Bancshares, Inc., ECB Bancorp Inc. - M&A Call

To discus the merger agreement between Crescent Financial Bancshares, Inc. and ECB Bancorp, Inc

Crescent Financial Corp. Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2012; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2012

Crescent Financial Corp. reported consolidated unaudited earnings results for the second quarter and six months ended June 30, 2012. Net interest income in the second quarter of 2012 totaled $7.4 million compared to net interest income of $6.3 million in the predecessor second quarter of 2011. The linked quarter decrease in margin and net interest income was due to a decline in average loan balances, a decline in accretion income on purchased non-impaired loans, and a decline in recovery payments on certain purchased credit-impaired loans. These decreases in income were partially offset by improved yields on certain purchased-credit impaired loan pools following the second quarter re-estimation. Total interest income was $8.8 million against $10.9 million for the same period a year ago. Net loss attributable to common shareholders was $0.787 million or $0.03 per basic and diluted share against $3.9 million or $0.40 per basic and diluted share for the same period a year ago. Book value per common share was $4.16 against $4.74 for the same period a year ago. Tangible book value per common share was $3.30 against $4.67 for the same period a year ago. Return on average assets was negative 0.20% and return on average equity was negative 1.15% against 1.47% and 19.21% respectively for the same period a year ago. For the six months, the company reported total interest income of $18.1 million, net interest income of $15.3 million, income before income taxes of $0.308 million and net loss attributable to common stockholders of $0.463 million or $0.02 per basic and diluted share against total interest income of $21.6 million, net interest income of $12.4 million, loss before income taxes of $10.5 million and net loss attributable to common stockholders of $11.4 million or $1.18 per basic and diluted share for the same period a year ago. Return on average assets was 0.07% against negative 2.21% for the same period a year ago. Return on average equity was 0.41% against negative 28.02% for the same period a year ago. For the second quarter, the company reported net charge-offs of $2.0 million.

Crescent Financial Bancshares, Inc. Reports Earnings Guidance for the Second Quarter of 2012

Crescent Financial Bancshares, Inc. reported earnings guidance for the second quarter of 2012. For the quarter, the company expects earnings per share of $0.01 compared to loss per share of $0.40 a year ago.

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CRFN:US $4.56 USD +0.19

CRFN Competitors

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Company Last Change
Bar Harbor Bankshares $35.76 USD +0.18
BCB Bancorp Inc $10.11 USD +0.06
Citizens Holding Co $18.25 USD 0.00
Penseco Financial Services Corp $37.25 USD 0.00
Southern National Bancorp of Virginia Inc $8.15 USD 0.00

Industry Analysis


Industry Average

Valuation CRFN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.3x
Price/Book 1.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.1x

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Subject Author Date
The same fate coming to your favorite bank new2investing66 2012-09-17 22:00:52
25 shares 1945 feliciaarchey 2012-09-17 22:00:27
shares feliciaarchey 2012-09-17 21:59:17
interest rates vs bonuses rrbed 2012-09-17 21:59:00
for comparison esusun 2012-09-17 21:58:10
To Cheap to Ignore svalbard1001 2012-09-17 21:57:36
sitting on an awful lot of real estate therealtyagent 2012-09-17 21:56:34
crescent losses vs. dividends rrbed 2012-09-17 21:55:59
CRFN v WBRE ^ goldman.perry 2012-09-17 21:54:16
CSHB - Next to run mike_ensign 2012-09-17 21:54:00
Here's a new one for CRFN rosettacubine 2012-09-17 21:53:20
12/7 = Pearl Harbor Anniversary solar.hippie 2012-09-17 21:52:59
CRFN Looks Nice stephenwalker2254 2012-09-17 21:52:47
CRFN - CRESCENT FINANCIAL CORP Files SEC form 10-K, Annual Report sylviacaporiccio 2012-09-17 21:52:23
CRFN - Q1 2011 CRESCENT FINL CORP Earnings Release - Time Not Supplied doloressmedsrud 2012-09-17 21:51:27
CRFN - CRESCENT FINANCIAL CORP Files SEC form 8-K, Results of Operations and Financial Condition danielanning3090 2012-09-17 21:50:25
CRFN - CRESCENT FINANCIAL CORP Financials elainaboomer 2012-09-17 21:50:10
CRESCENT FINANCIAL CORP [] CHECK THIS OUT!!! opalchristox718 2012-09-17 21:48:58
the last post is BOGUS smaynard99 2012-09-17 21:48:23
Technical upgrade ppaobyd 2012-09-17 21:48:05
(video) Wow! nancyshorts 2012-09-17 21:47:41
CRFN opportunities ianporter8 2012-09-17 21:46:06
CRFN - Piedmont Community Bank Holdings, Inc. Commences Tender Offer for Sh... tiaohora 2012-09-17 21:45:50
CRFN - CRESCENT FINANCIAL BANCSHARES, INC. Files SEC form 8-K, Notice of De... laraelocken 2012-09-17 21:44:05
Gotta read this:Crescent Financial Bancshares, Inc. licpjtqd5080 2012-09-17 21:43:14
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