State bank financial corp (STBZ)
CashFlow / TTM
Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash Flows from Operating Activities
Net income

59,464

55,945

52,381

46,574

51,524

49,529

48,311

47,591

49,385

46,063

30,057

28,423

23,887

26,272

35,800

30,918

32,750

25,595

18,225

12,747

6,545

5,554

16,448

22,742

28,616

42,362

39,913

43,006

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion

9,950

10,532

11,144

11,649

11,513

11,412

11,437

11,330

11,768

11,676

11,212

11,393

10,891

10,151

9,341

7,534

5,744

4,859

4,234

4,010

3,527

3,240

3,058

2,749

3,647

3,313

3,127

3,200

0

0

0

Accretion on investment securities available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Provision for loan and lease losses

10,658

8,864

8,316

6,110

3,539

3,212

1,373

237

454

101

159

3,486

4,181

4,862

5,499

2,896

1,609

1,462

138

-2,487

957

7,179

12,829

15,116

31,406

28,790

25,807

26,516

0

0

0

Accretion on acquisitions, net

31,366

29,732

32,365

34,096

33,696

36,511

41,244

43,310

47,279

49,100

43,012

47,890

49,426

59,184

66,449

63,072

63,989

52,082

41,969

34,582

30,468

34,063

57,221

69,844

86,460

112,571

113,249

127,224

0

0

0

Gains on sales of other real estate owned

901

674

886

1,763

2,558

3,072

2,785

1,672

2,226

3,147

3,784

4,532

5,257

8,455

9,731

14,928

17,274

17,780

27,615

21,193

46,753

41,918

29,911

29,600

-2,831

-3,517

-5,231

-5,338

0

0

0

Writedowns of other real estate owned

224

233

311

226

0

0

0

-

-

-

-

969

2,066

6,014

7,319

13,173

16,165

17,134

20,595

21,584

20,852

14,611

17,718

29,948

42,554

50,416

62,890

62,286

0

0

0

Net decrease in FDIC receivable for covered losses

-

-

-

-

-

-

-

-

-

-

-

-6,250

-35,857

-29,897

-26,081

-21,597

10,708

7,623

3,039

-4,991

78,505

62,307

52,232

41,619

86,091

90,757

59,013

63,363

0

0

0

Loss share termination

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-103,057

-78,817

-42,306

0

108,670

177,071

214,331

222,180

216,567

255,883

232,176

212,865

0

0

0

Deferred income tax expense (benefit)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,181

466

14,120

26,143

44,397

71,402

52,844

28,930

8,886

0

0

0

-

-

-

-

Income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Proceeds from sales of mortgage loans held-for-sale

477,561

480,260

482,658

494,920

500,218

536,313

531,284

534,597

468,757

517,781

510,731

512,466

461,360

263,748

145,503

35,204

30,087

31,647

36,755

46,639

58,515

57,196

59,319

60,750

55,075

56,941

51,462

42,322

0

0

0

Proceeds from sales of SBA loans held-for-sale

53,623

48,339

55,723

55,541

55,285

59,106

55,640

59,081

55,276

55,626

52,450

46,512

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Originations of mortgage loans held-for-sale

449,942

477,628

472,509

472,912

478,586

496,729

504,394

509,355

447,791

502,492

503,479

508,117

464,160

279,580

146,393

36,632

28,964

30,266

34,754

41,707

57,278

56,084

57,981

59,432

38,803

39,581

37,598

28,200

0

0

0

Originations of SBA loans held-for-sale

52,212

42,090

46,145

44,353

45,361

56,844

59,055

63,882

66,715

58,975

50,445

48,254

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage banking activities

10,426

11,401

11,372

11,341

11,294

11,717

12,172

12,319

11,819

11,682

11,611

11,250

9,561

6,673

3,356

835

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gains on sales of SBA loans

4,838

4,651

5,319

5,252

5,142

5,316

5,067

5,425

4,994

5,209

4,916

4,387

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on mortgage loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net gains on sales of available-for-sale securities

-1,050

-1,228

-1,465

-1,453

70

105

488

489

463

442

-13

354

561

544

615

246

23

740

728

1,081

1,306

589

589

318

73

42

42

-54

0

0

0

Decrease in prepaid FDIC assessments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Net change in cash surrender value of life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Share-based compensation expense

13,153

4,090

3,880

3,791

3,705

3,580

3,813

3,889

3,793

4,359

3,885

3,595

3,550

2,569

2,179

2,035

1,652

1,513

1,484

1,321

1,259

1,107

925

779

602

496

354

188

0

0

0

Changes in fair value of SBA servicing rights

1,209

868

751

621

535

633

580

472

416

312

215

-40

-104

-229

-189

38

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in other assets and other liabilities, net

3,330

734

2,671

-8,027

13,402

19,194

17,029

14,657

-13,271

-19,593

301

7,402

2,919

17,888

-17,968

-12,924

30,197

15,038

12,905

-1,575

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by operating activities

84,509

54,081

55,994

69,827

49,765

47,848

23,836

19,720

-858

411

-15,597

-28,785

-10,349

-19,637

27,081

45,676

31,573

46,224

32,825

72,372

47,518

105,927

153,583

172,467

244,477

269,972

190,598

162,158

0

0

0

Change in FDIC clawback liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Changes in other assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Changes in other liabilities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Cash flows from Investing Activities
Purchase of investment securities available-for-sale

222,924

277,969

282,624

382,683

299,956

323,498

362,367

298,814

366,813

359,729

413,217

648,133

669,208

697,310

651,748

431,402

296,438

241,191

215,184

198,377

180,700

174,499

139,673

77,894

80,540

73,176

85,592

98,378

0

0

0

Proceeds from sales and calls of investment securities available-for-sale

177,345

173,443

191,110

233,946

91,593

113,488

133,525

113,589

140,185

127,015

159,198

364,023

385,930

402,135

331,533

112,944

51,436

37,910

34,350

28,636

23,611

21,710

71,159

118,477

49,736

59,274

62,303

57,851

0

0

0

Proceeds from maturities and paydowns of investment securities available-for-sale

181,617

185,215

185,662

191,602

194,680

192,818

190,097

183,123

176,379

166,969

159,676

155,493

153,699

140,619

127,429

107,484

85,844

79,575

74,094

81,369

0

0

0

-

-

-

-

-

-

-

-

Proceeds from maturities and paydowns of investment securities held-to-maturity

34,851

36,383

44,685

39,373

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of investment securities held-to-maturity

-

-

-

-

-

-

-

10,500

10,500

6,500

4,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan originations, repayments and resolutions, net

42,548

-14,959

21,192

-29,573

55,661

79,460

137,969

191,683

164,342

259,243

219,556

195,373

183,732

124,671

112,057

65,627

-39,950

-80,316

-102,525

-119,995

-81,494

-99,416

-79,834

-58,845

38,973

90,759

114,965

110,503

0

0

0

Purchases of loans

-

-

-

-

-

-

-

1,300

1,300

1,300

1,300

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemptions of Federal Home Loan Bank stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,508

0

0

0

Net purchases of premises and equipment

8,008

8,377

3,425

2,260

1,634

1,712

1,410

1,747

1,573

1,032

1,358

720

1,366

1,788

2,192

4,348

4,851

4,426

3,663

2,182

-930

-561

1,492

1,671

4,465

5,517

7,319

7,035

0

0

0

Proceeds from sales of other real estate owned

3,165

2,685

3,834

12,349

13,336

14,026

13,298

4,987

5,508

10,063

13,523

17,608

26,021

36,525

58,231

72,312

82,026

86,902

77,449

77,713

76,839

78,709

85,041

80,699

85,222

88,441

83,626

89,399

0

0

0

Net cash received in excess of assets and liabilities acquired in purchase business combinations

194,969

103,398

103,548

137,714

-60,916

30,655

30,505

-3,661

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of Georgia-Carolina Bancshares

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by investing activities

-71,471

22,941

9,502

-20,814

12,575

-114,993

-201,831

-198,684

-226,456

-327,757

-311,034

-322,060

-324,524

-304,251

-308,565

-257,440

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

85,073

88,492

143,700

202,956

229,728

197,995

157,870

151,602

0

0

0

Cash Flows from Financing Activities
Net (decrease) increase in noninterest-bearing customer deposits

-28,187

74,866

42,088

104,034

111,676

105,055

-21,454

83,422

67,442

67,573

199,573

168,033

190,171

192,325

112,183

81,704

104,365

31,474

61,697

80,688

52,507

86,746

96,750

90,262

83,729

65,425

61,448

50,943

0

0

0

Net (decrease) increase in interest-bearing customer deposits

-25,984

69,545

26,968

2,335

82,254

79,885

143,369

103,519

96,662

81,632

-71,910

-115,408

-117,402

-137,698

-41,754

32,863

1,698

-42,345

-68,826

-100,799

-126,894

-125,798

-137,435

-240,291

-533,610

-590,915

-473,634

-505,600

0

0

0

Repayment of other borrowed funds

-

-

-

-

-

-

-

-

0

0

-4

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from FHLB advances

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of FHLB advances

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in federal funds purchased and securities sold under repurchase agreements

8,122

-11,731

-15,491

-2,464

3,424

-10,618

-10,398

-6,457

15,252

22,176

25,253

4,591

-29,192

-22,317

-25,814

-7,692

-1,082

-3,576

-3,959

-3,539

475

731

2,538

6

-8,080

-4,532

-3,950

-497

0

0

0

Repurchase of common stock

-

-

-

-

-

-

-

5,128

5,128

5,128

427

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of contingent consideration

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of stock warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55

55

34

22

55

0

0

0

Issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

158

78

195

195

167

167

100

0

0

0

-

-

-

-

-

-

-

-

Exercise of stock warrants

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted stock activity

-10,485

-964

-964

-1,174

-1,334

-534

-447

-116

225

84

-3

-124

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid to shareholders

28,909

26,542

24,174

21,814

21,518

21,228

20,936

20,681

20,717

18,052

15,033

11,631

7,722

6,512

5,652

4,830

4,501

4,173

3,846

3,840

3,836

3,825

2,867

1,910

0

0

0

-

-

-

-

Net cash (used in) provided by financing activities

-87,350

23,595

-58,086

32,271

106,129

122,252

135,565

153,195

171,413

208,179

136,987

45,049

28,064

17,889

30,974

94,173

103,678

-15,297

-11,611

-24,234

-77,619

-41,915

-40,802

-151,821

-483,406

-554,628

-440,730

-479,781

0

0

0

Net (decrease) increase in cash and cash equivalents

-74,312

100,617

7,410

81,284

168,469

55,107

-42,430

-25,769

-55,901

-119,167

-189,644

-305,796

-306,809

-305,999

-250,510

-117,591

69,325

70,013

90,785

155,292

54,972

152,504

256,481

223,602

-9,201

-86,661

-92,262

-166,021

0

0

0

Interest income on loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,028

12,655

16,541

20,568

24,097

0

0

0

Income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

-2,380

-18,566

5,215

5,215

0

0

0

Supplemental Disclosure of Noncash Investing and Financing Activities
Goodwill and fair value acquisition adjustments

-

-

-

-

-

-

-

-

-

-

-

25,751

20,129

20,129

20,129

225

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized (losses) gains on securities and cash flow hedges, net of tax

-12,254

-8,495

-5,635

-343

-1,957

-3,467

-2,378

823

12,226

13,640

8,644

5,554

-493

-2,196

1,016

1,250

6,460

5,998

5,192

3,358

0

0

0

-

-

-

-

-

-

-

-

Transfer of debt securities held-to-maturity to available-for-sale

-

-

-

-

-

-

-

56,595

56,595

56,595

56,595

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized (losses) gains on securities and derivative financial instruments accounted for as cash flow hedges, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Transfers of loans to other real estate owned

6,659

5,539

4,397

1,500

1,631

1,280

2,260

3,260

4,059

4,662

5,671

9,825

10,374

16,951

26,140

30,318

42,665

55,956

60,393

78,318

45,076

43,534

55,996

41,518

76,414

83,163

68,166

69,712

0

0

0

Assets acquired

-

-

-

-

-

-

-

-

-

-

-

529,172

712,660

712,660

712,660

185,973

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities assumed

-

-

-

-

-

-

-

-

-

-

-

462,050

618,762

618,762

618,762

161,044

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net assets

-

-

-

-

-

-

-

-

-

-

-

67,122

93,898

93,898

93,898

24,929

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-