Carolina Trust BancShares, Inc. (NASDAQ:CART) Files An 8-K Results of Operations and Financial ConditionItem 2.02 – Results of Operations and Financial Condition
Item 2.02 – Results of Operations and Financial Condition
On July 26, 2017, Carolina Trust BancShares, Inc. (the “Registrant”) issued a news release to announce its financial results for the three months ended June 30, 2017. The news release is attached hereto as Exhibit 99.1.
The news release includes disclosure of tangible common equity and tangible book value per share which are non-GAAP measures. Management believes that is useful to present this data that excludes intangible assets and preferred stock 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.
Item 8.01 – Other Events
On July 26, 2017, the Registrant issued a news release to announce its financial results for the three month period ended June 30, 2017. The news release is attached hereto as Exhibit 99.1.
Item 9.01 – Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description |
| 99.1 | Press Release issued on June 30, 2017 |
Carolina Trust BancShares, Inc. ExhibitEX-99.1 2 ex99-1.htm PRESS RELEASE Carolina Trust BancShares,…To view the full exhibit click here
