STATE BANK FINANCIAL CORP STBZ Income Statement

State bank financial corp (STBZ)

Income statement / TTM

Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest income:
Loans
197,339	181,186	165,642	151,258	131,028	122,208	112,742	103,024	100,578	98,216	95,880	92,938	86,104	78,048	70,328	64,176	62,455	62,093	61,884	61,010	60,207	59,136	57,768	55,228	53,136	48,503	43,904	38,809	64,391	91,767	0	0	0
Loan accretion
31,366	29,732	32,365	34,096	33,696	36,511	41,244	43,310	47,279	49,100	43,504	49,830	49,714	59,668	68,390	78,857	112,798	119,666	128,366	122,466	102,240	93,155	99,559	102,413	103,982	122,027	114,975	116,967	0	0	0	-	-
Investment securities
23,763	23,496	22,876	22,258	21,333	20,439	19,444	18,629	17,888	17,144	16,378	15,214	13,839	12,145	10,453	9,212	8,746	8,766	8,919	8,991	9,451	9,782	10,155	10,695	10,976	11,080	10,834	10,352	9,576	9,019	0	0	0
Tax-exempt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	200	232	226	224	0	0	0	-	-
Deposits with other financial institutions
2,037	1,169	859	766	466	292	266	294	364	444	516	609	773	962	1,144	1,276	1,307	1,307	1,301	1,207	1,131	1,003	844	695	650	707	735	830	841	782	0	0	0
Total interest income
254,505	235,583	221,742	208,378	186,523	179,450	173,696	165,257	166,109	164,904	156,278	158,591	150,430	150,823	150,315	153,521	185,229	191,777	200,439	193,674	172,814	162,918	168,253	169,031	168,944	182,549	170,674	167,182	162,683	152,394	0	0	0
Interest expense:
Deposits
26,365	21,594	17,379	15,059	12,063	11,211	10,380	9,331	8,702	8,205	7,820	7,673	7,587	7,470	7,322	7,156	7,096	7,117	7,217	7,386	7,629	7,994	8,648	9,529	11,016	13,382	17,263	21,500	27,868	33,392	0	0	0
FHLB borrowings
491	585	608	463	475	454	252	140	103	30	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Notes payable
33	42	40	38	41	44	74	105	134	180	200	210	233	238	266	362	462	564	612	544	435	324	241	216	215	217	227	244	0	0	0	-	-
Federal funds purchased and repurchase agreements
27	26	31	32	30	34	39	43	46	40	33	36	27	22	16	1	0	1	2	3	4	4	4	4	-5	-5	-5	7	19	27	0	0	0
Total interest expense
26,916	22,247	18,058	15,592	12,609	11,743	10,745	9,619	8,982	8,455	8,056	7,922	7,851	7,731	7,605	7,520	7,558	7,682	7,831	7,933	8,068	8,322	8,893	9,749	11,248	13,616	17,507	21,773	28,077	33,553	0	0	0
Net interest income
227,589	213,336	203,684	192,786	173,914	167,707	162,951	155,638	157,127	156,449	148,222	150,669	142,579	143,092	142,710	146,001	177,671	184,095	192,608	185,741	164,746	154,596	159,360	159,282	157,696	168,933	153,167	145,409	134,606	118,841	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	-2,700	-2,211	-2,247	-2,487	12,326	12,471	13,931	15,116	7,578	7,588	7,056	6,482	4,269	3,904	0	0	0
Provision for loan losses on purchased credit impaired loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	23,828	21,202	18,751	20,034	0	0	0	-	-
Net interest income after provision for loan and lease losses
216,931	204,472	195,368	186,676	170,375	164,495	161,578	155,401	156,673	156,348	148,063	147,183	138,398	138,230	137,211	143,105	176,062	182,633	192,470	188,228	163,789	147,417	146,531	144,166	126,290	140,143	127,360	118,893	127,071	114,486	0	0	0
Noninterest income:
Amortization of FDIC receivable for loss share agreements
-	-	-	-	-	-	-	-	-	-	-	-16,488	-16,734	-16,538	-29,629	-15,785	-126,959	-108,184	-89,371	-87,884	41,251	15,989	-8,780	-32,569	-17,521	-9,455	-1,726	10,257	15,310	16,333	0	0	0
Service charges on deposits
6,337	6,340	6,349	6,191	5,832	5,640	5,521	5,440	5,616	5,724	5,873	5,976	5,755	5,470	5,165	4,834	4,864	5,011	5,099	5,156	5,260	5,205	5,120	5,117	5,079	5,164	5,400	5,601	5,842	6,119	0	0	0
Mortgage banking income
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	666	735	861	1,008	1,218	1,213	1,235	1,231	1,217	1,222	1,139	994	936	803	0	0	0
SBA income
5,711	5,774	6,505	6,491	6,343	6,432	6,134	6,458	6,056	6,223	5,918	5,539	4,700	2,980	1,600	477	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payroll and insurance income
6,733	6,553	6,363	6,098	5,928	5,738	5,602	5,625	5,688	5,395	5,069	4,709	4,168	4,039	3,905	3,700	3,529	3,381	3,264	3,143	2,886	2,159	1,454	622	0	0	0	-	-	-	-	-	-
Gain on FHLB stock redemptions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-
Gain on acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
ATM income
3,558	3,475	3,420	3,382	3,257	3,190	3,095	3,008	3,014	2,997	3,001	2,981	2,864	2,743	2,606	2,471	2,451	2,434	2,433	2,448	2,463	2,470	2,445	2,425	2,357	2,271	2,202	2,105	2,019	2,010	0	0	0
Bank-owned life insurance income
1,926	1,911	1,913	1,942	1,942	1,949	1,952	1,930	1,935	1,939	1,933	1,926	1,797	1,593	1,460	1,334	1,333	1,333	1,339	1,354	0	0	0	-	-	-	-	-	-	-	-	-	-
Prepayment fees
-	-	-	-	-	-	-	-	-	-	1,535	-	3,923	3,507	3,176	1,336	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of investment 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	85	160	0	0	0
Other
7,615	6,974	6,302	5,765	5,230	5,212	4,773	4,032	5,504	4,267	3,962	3,864	419	929	624	154	-123	91	950	1,617	1,397	1,657	375	479	-2,112	-646	437	914	4,950	3,124	0	0	0
Total noninterest income
41,256	41,200	40,759	39,757	39,528	39,615	39,369	39,301	37,526	36,651	20,700	20,111	18,912	13,446	20,566	-398	-34,586	-52,514	-70,451	-70,947	-54,155	-42,944	-28,165	-19,766	6,713	16,691	26,285	38,608	30,885	29,718	0	0	0
Noninterest expense:
Salaries and employee benefits
102,064	99,599	96,498	91,844	82,821	81,919	81,403	78,775	79,135	82,629	82,473	83,295	81,178	72,529	66,598	62,093	58,796	58,946	59,918	62,236	62,870	60,887	58,968	54,536	53,735	53,217	51,484	50,198	46,493	43,988	0	0	0
Occupancy and equipment
13,733	13,680	13,588	13,372	12,865	12,662	12,348	12,169	12,095	12,224	12,428	12,432	12,052	11,379	10,474	9,898	9,613	9,604	9,840	9,767	9,937	9,975	9,844	9,845	10,140	9,679	9,257	8,692	8,180	8,146	0	0	0
Data processing
10,996	10,775	10,461	10,204	9,739	9,249	9,078	8,514	8,761	8,761	8,985	9,190	8,721	8,382	7,661	7,053	6,739	6,532	6,322	6,087	5,764	5,409	5,241	5,668	5,783	5,872	5,701	4,788	4,182	3,736	0	0	0
Legal and professional fees
3,866	3,379	3,310	4,376	5,105	5,469	5,547	4,695	4,207	4,232	4,540	5,071	4,701	4,463	3,910	3,440	3,750	3,853	4,402	4,989	5,504	5,815	6,708	6,624	6,297	6,790	6,191	6,517	6,239	5,487	0	0	0
Merger-related expenses
17,420	6,588	4,359	5,330	6,249	6,249	6,196	3,961	454	1,036	1,593	1,730	1,953	1,501	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Marketing
2,802	2,400	1,863	2,102	1,839	2,162	2,378	2,216	2,578	2,404	2,384	2,318	2,017	1,979	1,928	1,824	1,702	1,706	1,508	1,504	2,103	2,219	2,235	2,171	2,138	2,409	2,979	3,475	3,327	3,317	0	0	0
Federal deposit insurance premiums and other regulatory fees
2,115	1,994	1,803	1,700	1,390	1,424	1,579	1,744	2,074	2,254	2,156	2,100	1,975	1,710	1,592	1,420	1,330	1,913	2,180	2,315	2,685	2,124	1,875	1,824	1,344	933	1,788	2,019	3,218	4,612	0	0	0
Loan collection costs and OREO activity
-204	-589	-492	716	1,201	2,223	2,106	579	1,142	1,499	1,517	1,597	1,019	-179	-261	-480	-1,325	-1,699	-3,675	-4,339	-4,534	-3,676	-1,690	-1,960	-2,772	-5,254	-7,781	-8,153	-9,311	-9,532	0	0	0
Amortization of intangibles
2,681	2,727	2,770	2,815	2,610	2,422	2,253	2,102	2,095	2,018	1,932	1,804	1,514	1,230	949	694	639	786	994	1,202	1,289	1,246	1,153	1,029	1,019	999	970	948	879	803	0	0	0
Other
10,372	9,775	8,376	7,790	9,591	8,584	7,918	7,330	7,357	7,491	7,259	7,079	6,483	6,359	6,167	5,771	6,005	5,697	5,547	5,528	5,345	5,391	5,493	5,579	5,871	5,900	6,070	6,177	5,765	5,304	0	0	0
Total noninterest expense
166,253	151,506	143,520	138,817	131,008	127,917	126,594	120,927	117,614	121,550	122,233	123,422	119,659	109,753	100,472	93,468	90,387	91,001	94,386	97,967	100,031	96,742	93,207	89,236	89,099	91,053	92,221	90,967	87,594	84,925	0	0	0
Income before income taxes
91,934	94,166	92,607	87,616	78,895	76,193	74,353	73,775	76,585	71,449	46,530	43,872	37,651	41,923	57,305	49,239	51,089	39,118	27,633	19,314	9,603	7,731	25,159	35,164	43,904	65,781	61,424	66,534	70,362	59,279	0	0	0
Income tax expense
32,470	38,221	40,226	41,042	27,371	26,664	26,042	26,184	27,200	25,386	16,473	15,449	13,764	15,651	21,505	18,321	18,339	13,523	9,408	6,567	3,058	2,177	8,711	12,422	15,288	23,419	21,511	23,528	25,683	22,130	0	0	0
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	44,679	37,149	0	0	0
Basic earnings per share (usd per share)
0.46	0.48	0.45	0.14	0.37	0.39	0.30	0.28	0.34	0.38	0.29	0.32	0.26	-0.06	0.27	0.24	0.36	0.23	0.13	0.30	0.14	0.00	-0.04	0.10	0.11	0.35	0.16	0.29	0.54	0.27	0.26	0.34	0.30
Diluted earnings per share (usd per share)
0.46	0.48	0.44	0.13	0.37	0.39	0.30	0.27	0.34	0.38	0.29	0.32	0.25	-0.06	0.26	0.23	0.35	0.22	0.13	0.30	0.13	0.00	-0.04	0.09	0.10	0.34	0.16	0.28	0.53	0.26	0.25	0.34	0.30
Cash dividends declared per common share (usd per share)
0.20	0.20	0.20	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.14	0.07	0.06	0.05	0.04	0.04	0.04	0.03	0.03	0.03	0.03	0.03	-	0.03	0.00	-	-	-	-	-	-	-
Weighted Average Shares Outstanding:
Basic (in shares)
38,193	38,038	38,032	38,010	37,918	37,896	37,867	35,948	35,863	35,822	36,092	36,307	34,687	34,654	33,593	30,951	31,723	32,126	32,094	30,734	31,998	31,918	31,908	31,906	31,654	31,613	31,611	-31,547,681	31,611	31,611	31,610,904	31,540	31,540
Diluted (shares)
38,211	38,075	38,070	38,118	37,963	37,942	37,954	36,057	35,965	35,923	36,187	38,650	36,003	34,654	34,862	31,306	32,770	33,589	33,644	32,286	33,296	33,124	31,908	33,181	32,808	32,776	32,794	-32,557,261	32,413	32,717	32,622,623	31,828	31,828