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Cardinal Financials 2018-2020 Overview by CA RAKESH is a document available to read on EtoBox.

What is Cardinal Financials 2018-2020 Overview about?

Cardinal Financial saw increasing revenue and net income from 2018 to 2020 as interest income grew substantially each year from $1.4M to $11.5M. Assets and cash balances also increased significantly over this period as loans grew from $228k to $8.5M. However, operating expenses also rose sharply from $1.2M to $4.1M as the company expanded. Overall, net income increased from a loss of $352k in 2018 to a profit of $4.5M in 2020 as the company financed its growth through increased borrowing and equity issuance

Author

CA RAKESH

Language

EN