Carolina Trust BancShares, Inc. (NASDAQ:CART) Files An 8-K Results of Operations and Financial Condition
On May 3, 2019, Carolina Trust BancShares, Inc. (the Registrant) issued a news release to announce its financial results for the three months ended March 31, 2019. The news release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
The news release includes disclosure of adjusted net income, adjusted net income per common share, tangible common equity, and tangible book value per share, which are non-GAAP (Generally Accepted Accounting Principles) measures. Management believes that it is useful to present this data because it provides information that is helpful to investors.
The Registrant cautions that non-GAAP financial measures should be considered in addition to, but not as a substitute for, the reported GAAP results. A reconciliation between the non-GAAP financial measures presented and the most directly comparable financial measures calculated in accordance with GAAP is included in the news release and financial summary attached hereto as Exhibit 99.1.
This information contained in Item 2.02 of this Current Report shall not be deemed filed for purposes of section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Carolina Trust BancShares, Inc. Exhibit
EX-99.1 2 ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 News Release For Immediate Release Contact: Jerry L. Ocheltree President and CEO Carolina Trust BancShares,…
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