State bank financial corp (STBZ)
Income statement / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Interest income:
Loans

151,258

103,024

92,938

64,176

61,010

55,228

38,809

14,006

Loan accretion

34,096

43,310

49,830

78,857

122,466

102,413

116,967

145,098

Investment securities

22,258

18,629

15,214

9,212

8,991

10,695

10,352

8,090

Tax-exempt

-

-

-

-

-

-

224

220

Deposits with other financial institutions

766

294

609

1,276

1,207

695

830

768

Total interest income

208,378

165,257

158,591

153,521

193,674

169,031

167,182

168,182

Interest expense:
Deposits

15,059

9,331

7,673

7,156

7,386

9,529

21,500

37,212

FHLB borrowings

463

140

3

1

0

0

22

0

Notes payable

38

105

210

362

544

216

244

0

Federal funds purchased and repurchase agreements

32

43

36

1

3

4

7

28

Total interest expense

15,592

9,619

7,922

7,520

7,933

9,749

21,773

37,240

Net interest income

192,786

155,638

150,669

146,001

185,741

159,282

145,409

130,942

Provision for loan and lease losses

6,110

237

3,486

2,896

-2,487

15,116

6,482

3,955

Provision for loan losses on purchased credit impaired loans

-

-

-

-

-

-

20,034

0

Net interest income after provision for loan and lease losses

186,676

155,401

147,183

143,105

188,228

144,166

118,893

126,987

Noninterest income:
Amortization of FDIC receivable for loss share agreements

0

0

-16,488

-15,785

-87,884

-32,569

10,257

15,055

Service charges on deposits

6,191

5,440

5,976

4,834

5,156

5,117

5,601

6,543

Mortgage banking income

11,341

12,319

11,250

835

1,008

1,231

994

904

SBA income

6,491

6,458

5,539

477

0

0

-

-

Payroll and insurance income

6,098

5,625

4,709

3,700

3,143

622

0

0

Gain on FHLB stock redemptions

-

-

-

-

-

1,215

2,478

0

Gain on acquisition

-

-

-

-

-

-

14,890

3,759

ATM income

3,382

3,008

2,981

2,471

2,448

2,425

2,105

1,901

Bank-owned life insurance income

1,942

1,930

1,926

1,334

1,354

1,396

1,423

-

Prepayment fees

-

-

-

1,336

1,130

-

-

-

Gain on sale of investment securities

-1,453

489

354

246

1,081

318

-54

165

Other

5,765

4,032

3,864

154

1,617

479

914

3,190

Total noninterest income

39,757

39,301

20,111

-398

-70,947

-19,766

38,608

31,517

Noninterest expense:
Salaries and employee benefits

91,844

78,775

83,295

62,093

62,236

54,536

50,198

42,333

Occupancy and equipment

13,372

12,169

12,432

9,898

9,767

9,845

8,692

8,549

Data processing

10,204

8,514

9,190

7,053

6,087

5,668

4,788

3,629

Legal and professional fees

4,376

4,695

5,071

3,440

4,989

6,624

6,517

4,057

Merger-related expenses

5,330

3,961

1,730

795

0

-

-

-

Marketing

2,102

2,216

2,318

1,824

1,504

2,171

3,475

3,230

Federal deposit insurance premiums and other regulatory fees

1,700

1,744

2,100

1,420

2,315

1,824

2,019

4,733

Loan collection costs and OREO activity

716

579

1,597

-480

-4,339

-1,960

-8,153

-13,986

Amortization of intangibles

2,815

2,102

1,804

694

1,202

1,029

948

924

Other

7,790

7,330

7,079

5,771

5,528

5,579

6,177

4,204

Total noninterest expense

138,817

120,927

123,422

93,468

97,967

89,236

90,967

85,645

Income before income taxes

87,616

73,775

43,872

49,239

19,314

35,164

66,534

72,859

Income tax expense

41,042

26,184

15,449

18,321

6,567

12,422

23,528

27,313

Net income

46,574

47,591

28,423

30,918

12,747

22,742

43,006

45,546

Basic earnings per share (usd per share)

1.20

1.29

0.79

0.96

0.40

0.72

1.36

1.44

Diluted earnings per share (usd per share)

1.19

1.28

0.77

0.93

0.39

0.69

1.32

1.40

Cash dividends declared per common share (usd per share)

0.56

0.56

0.32

0.15

0.12

0.06

0.00

-

Weighted Average Shares Outstanding:
Basic (in shares)

37,923

35,931

34,810

31,723

31,640

31,696

31,611

31,558

Diluted (shares)

37,994

36,033

36,042

32,827

32,654

32,890

32,623

32,468