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Last $12.47 USD
Change Today +0.08 / 0.65%
Volume 67.8K
CSFL On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

centerstate banks inc (CSFL) Snapshot

Open
$12.40
Previous Close
$12.39
Day High
$12.50
Day Low
$12.32
52 Week High
04/24/15 - $12.50
52 Week Low
08/5/14 - $10.03
Market Cap
566.0M
Average Volume 10 Days
49.4K
EPS TTM
$0.61
Shares Outstanding
45.4M
EX-Date
03/11/15
P/E TM
20.6x
Dividend
$0.04
Dividend Yield
0.32%
Current Stock Chart for CENTERSTATE BANKS INC (CSFL)

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centerstate banks inc (CSFL) Details

CenterState Banks, Inc. operates as the bank holding company for CenterState Bank of Florida, N.A. that provides various consumer and commercial banking services to individuals, businesses, and industries. The company accepts various deposit products, including demand interest-bearing and noninterest-bearing accounts, money market deposit accounts, time deposits, and direct deposits, and savings and NOW accounts. It also offers real estate loans to individuals and businesses for the purchase, improvement of, or investment in real estate; construction of single-family residential and commercial units; and development of single-family residential building lots. In addition, the company provides commercial loans to individuals and small-to-medium sized businesses for working capital, equipment purchases, and various other business purposes; and consumer loans comprising loans to individuals for various consumer purposes, as well as business purpose loans payable on an installment basis. Further, it offers safe deposit services, cash management, notary services, money orders, night depository, travelers’ checks, cashier’s checks, domestic collections, savings bonds, bank drafts, automated teller services, drive-in tellers, and banking by mail and Internet; and other financial products, such as mutual funds, annuities, and other products, as well as trust services. Additionally, the company sells fixed income securities; and provides correspondent bank deposits and checking accounts, as well as safe-keeping services, bond accounting services for correspondents, and asset/liability consulting related services. As of April 3, 2014, it operated a network of 59 full service branch banking locations in 20 counties in Florida. The company was founded in 1989 and is headquartered in Davenport, Florida.

785 Employees
Last Reported Date: 03/5/15
Founded in 1989

centerstate banks inc (CSFL) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $452.9K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $414.8K
Executive Vice President, Director, Chief Exe...
Total Annual Compensation: $581.6K
Corporate Chief Risk Officer and Executive Vi...
Total Annual Compensation: $271.1K
Corporate Treasurer , Executive Vice Presiden...
Total Annual Compensation: $347.8K
Compensation as of Fiscal Year 2014.

centerstate banks inc (CSFL) Key Developments

Centerstate Banks, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter of 2015

CenterState Banks, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported interest income of $39,485,000 compared to $29,782,000 a year ago. Net interest income was $37,620,000 compared to $28,193,000 a year ago. Net interest income after loan loss provision was $35,978,000 compared to $28,234,000 a year ago. Income before provision for income tax was $14,456,000 compared to $1,591,000 a year ago. Net income was $9,148,000 or $0.20 per basic and diluted share compared to $1,053,000 or $0.03 per basic and diluted share a year ago. Net operating income per share (Non-GAAP) was $0.20 compared to $0.13 a year ago. Return on average assets (annualized) was 0.96 % compared to 0.15% a year ago. Return on average equity (annualized) was 8.10% compared to 1.32% a year ago. Common equity per common share was $10.20 compared to $9.38 a year ago. Net operating income was $9,176,000 compared to $4,696,000 a year ago. Common tangible equity per common share was $8.18 compared to $6.95 a year ago. For the quarter, the bank reported that net charge-offs were $483,000 compared to $317,000 a year ago.

CenterState Banks, Inc. to Report Q1, 2015 Results on Apr 21, 2015

CenterState Banks, Inc. announced that they will report Q1, 2015 results After-Market on Apr 21, 2015

CenterState Banks, Inc. Enters into Loan Agreement with NexBank SSB

On April 8, 2015, CenterState Banks, Inc. entered into a loan agreement with NexBank SSB providing for revolving loans of up to an aggregate principal amount of $25,000,000. Borrowings under the loan agreement accrue interest at LIBOR plus 3.5% per annum. In addition, the company must pay commitment fees quarterly in arrears on the daily average amount of the unused portion of the revolving loan amount for the period from December 1, 2015 up to and including the maturity date, at the rate of 0.25% per annum. The maturity date of the loan agreement is April 1, 2018, at which time all outstanding amounts under the loan agreement will become due and payable. In connection with entering into the loan agreement, the company issued to the lender a revolving promissory note dated as of April 8, 2015. The loan agreement contains covenants pertaining to investments and acquisitions and certain financial and capital ratios. An event of default will occur under the loan agreement if the company fails to timely comply with its obligations under the loan agreement or breaches its representations under the loan agreement (in each case, subject to applicable cure periods), the company ceases to be a bank holding company or either the company or its wholly owned banking subsidiary, CenterState Bank of Florida N.A., commences or becomes the subject of a bankruptcy or similar proceeding, experiences a material adverse change ‘or a change in control’ or becomes the subject of certain regulatory enforcement actions or agreements. The obligations of the company under the loan agreement are secured by a pledge of all of the capital stock of CenterState Bank of Florida N.A. pursuant to a pledge and security agreement dated as of April 8, 2015 between the company and the lender. In the event of a default by the company under the loan agreement, the lender may terminate the commitments made under the loan agreement, declare all amounts outstanding to be payable immediately and exercise or pursue any other remedy permitted under the loan agreement or the pledge agreement, or conferred upon lender by operation of law. The descriptions contained herein of the loan agreement, the promissory note and the pledge agreement are qualified in their entirety by reference to the terms of such documents, each of which is attached hereto as an exhibit and incorporated herein by reference.

 

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CSFL Competitors

Market data is delayed at least 15 minutes.

Company Last Change
BNC Bancorp $18.80 USD +0.05
Cardinal Financial Corp $20.68 USD -0.21
City Holding Co $47.26 USD -0.29
Seacoast Banking Corp of Florida $14.20 USD -0.01
State Bank Financial Corp $20.85 USD -0.04
View Industry Companies
 

Industry Analysis

CSFL

Industry Average

Valuation CSFL Industry Range
Price/Earnings 26.0x
Price/Sales 3.4x
Price/Book 1.2x
Price/Cash Flow 26.9x
TEV/Sales 0.4x
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