May 29, 2017 12:10 AM ET

Banks

Company Overview of Sunshine Bancorp, Inc.

Company Overview

Sunshine Bancorp, Inc. operates as the holding company for Sunshine Bank that provides financial services to individuals, families, and businesses. The company accepts various deposit accounts, such as interest-bearing and noninterest-bearing demand and checking, money market, and savings accounts; time deposits; and certificates of deposit. Its loan products include commercial real estate and multi-family loans; one-to-four family residential real estate loans; commercial business loans, such as term loans, lines of credit, agricultural production, equipment financing, and revolving lines of credit; construction and land loans; home equity loans comprising revolving lines of credit, and ter...

102 West Baker Street

Plant City, FL 33563

United States

Founded in 1954

155 Employees

Phone:

813-752-6193

Key Executives for Sunshine Bancorp, Inc.

CEO, President & Director and CEO, President & Director of Sunshine Bank
Age: 54
Total Annual Compensation: $409.6K
EVP of Sales & Mktg, Co-President of Sunshine Bank and EVP of Sales & Mktg - Sunshine Bank
Age: 51
Total Annual Compensation: $199.2K
Chief Risk Officer, EVP, Chief Risk Officer of Sunshine Bank and EVP of Sunshine Bank
Age: 62
Total Annual Compensation: $178.4K
EVP & Director
Age: 53
Total Annual Compensation: $47.9K
Senior Vice President of Corporate Development
Age: 33
Total Annual Compensation: $136.8K
Compensation as of Fiscal Year 2016.

Sunshine Bancorp, Inc. Key Developments

Sunshine Bancorp, Inc. Reports Unaudited Consolidated Financial Results for the First Quarter Ended of March 31, 2017

Sunshine Bancorp, Inc. reported unaudited consolidated financial results for the first quarter ended of March 31, 2017. For the quarter, the company recognized net income of $1.6 million compared to a net loss of $514,000 for the fourth quarter 2016 and net income of $154,000 for the first quarter 2016. Revenue growth was $4.5 million year over year for the first quarter or 90%. This was led by net interest income for the first quarter 2017 of $7.6 million compared to $6.7 million during the fourth quarter of 2016 and $4.0 million during the first quarter of 2016. Total interest income was $8,488,000 compared to $4,354,000 a year ago. Net interest income was $7,637,000 compared to $4,014,000 a year ago. Net interest income after provision for loan losses was $7,637,000 compared to $4,014,000 a year ago. Income before income taxes was $2,599,000 compared to $203,000 a year ago. Basic and diluted earnings per share were $0.21 compared to $0.04 a year ago. Annualized return on average assets was 0.8% compared to 0.1% a year ago. Annualized return on average equity was 5.8% compared to 0.9% a year ago.

Sunshine Bancorp, Inc., Annual General Meeting, Apr 26, 2017

Sunshine Bancorp, Inc., Annual General Meeting, Apr 26, 2017, at 08:30 US Eastern Standard Time. Location: Sunshine Bank, 102 West Baker Street Plant City, FL 33563 United States Agenda: To consider the election of five directors; to consider the ratification of the appointment of Hacker, Johnson & Smith PA as the independent registered public accounting firm for the year ending December 31, 2017; and to consider such other matters as may properly come before the Annual Meeting, or any adjournments thereof.

Sunshine Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016

Sunshine Bancorp, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total interest income of $7,401,000 compared to $4,254,000 for the same period a year ago. Net interest income was $6,720,000 compared to $3,938,000 for the same period a year ago. Loss before income taxes was $551,000 compared to $2,454,000 for the same period a year ago. Net loss was $514,000 compared to $1,776,000 for the same period a year ago. Net loss available to common stockholders was $514,000 or $0.10 per basic and diluted share compared to $1,776,000 or $0.42 per basic and diluted share for the same period a year ago. Annualized negative return on average assets was 0.3% compared to positive of 0.1% for the same period a year ago. Annualized negative return on average equity was 2.2% compared to positive of 0.4% for the same period a year ago. For the full year, the company reported total interest income of $20,927,000 compared to $11,846,000 for the same period a year ago. Net interest income was $18,913,000 compared to $11,095,000 for the same period a year ago. Profit before income taxes was $134,000 compared to loss before income taxes of $4,552,000 for the same period a year ago. Net loss was $43,000 compared to $2,231,000 for the same period a year ago. Net loss available to common stockholders was $43,000 or $0.01 per basic and diluted share compared to $2,245,000 or $0.56 per basic and diluted share for the same period a year ago. Annualized return on average assets was 0.1% compared to negative of 1.5% for the same period a year ago. Annualized return on average equity was 0.9% compared to negative of 11.2% for the same period a year ago.

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