Replies to post #392 on Bank Of The Carolinas Corp fka BCAR

[illegal_alias]

Agree. As I said earlier in the year, if this goes through the same trajectory that CLBH went thru, then 2013 is the year they quit the financial hemorraghing and start to take off next year. With interest rates going back up, I'd expect to see significant increases in net loan & interest income over the next year. Something I was reading in Forbes was saying expect longer term rates (like mortgages) to go to 5.5% and even short-term T-bills to also increase yields. That will be good for the small banks.

[illegal_alias]

BCAR 3rd qtr good news +$0.04 EPS
http://www.marketwatch.com/story/bank-of-the-carolinas-corporation-reports-third-quarter-financial-results-2013-10-25?reflink=MW_news_stmp

and

http://www.bizjournals.com/triad/prnewswire/press_releases/North_Carolina/2013/10/25/CL04740

the great news is that with that horrible 3rd qtr 2012 out of the way, the ttm EPS is now only -$0.16 instead of -$1.56 a year ago. That's 3 of the last 4 qtrs profitable.

With mortgage and lending rates on the rise, loan income and interest income should continue to rise.