Last $11.03 USD
Change Today +0.15 / 1.38%
Volume 130.0K
CSFL On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 4:30 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

centerstate banks inc (CSFL) Snapshot

Open
$10.89
Previous Close
$10.88
Day High
$11.06
Day Low
$10.80
52 Week High
01/30/14 - $11.65
52 Week Low
08/30/13 - $8.87
Market Cap
497.2M
Average Volume 10 Days
134.2K
EPS TTM
$0.40
Shares Outstanding
45.1M
EX-Date
06/11/14
P/E TM
27.7x
Dividend
$0.04
Dividend Yield
0.36%
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.

693 Employees
Last Reported Date: 03/5/14
Founded in 1989

centerstate banks inc (CSFL) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $459.7K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $268.9K
Executive Vice President, Director, Chief Exe...
Total Annual Compensation: $386.7K
Corporate Chief Risk Officer and Executive Vi...
Total Annual Compensation: $219.5K
Corporate Treasurer , Executive Vice Presiden...
Total Annual Compensation: $234.5K
Compensation as of Fiscal Year 2013.

centerstate banks inc (CSFL) Key Developments

CenterState Banks, Inc. to Report Q2, 2014 Results on Jul 24, 2014

CenterState Banks, Inc. announced that they will report Q2, 2014 results on Jul 24, 2014

CenterState Banks, Inc., Special/Extraordinary Shareholders Meeting, May 28, 2014

CenterState Banks, Inc., Special/Extraordinary Shareholders Meeting, May 28, 2014., at 10:00 US Eastern Standard Time. Agenda: To consider planned merger.

CenterState Banks, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Reports Net Charge-Offs for the First Quarter Ended March 31, 2014

CenterState Banks, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported that interest income was $29,782,000 compared to $24,378,000 a year ago. Net interest income was $28,193,000 compared to $22,822,000 a year ago. Net interest income after loan loss provision was $28,234,000 compared to $23,182,000 a year ago. Income before income tax was $1,591,000 compared to $6,371,000 a year ago. Net income was $1,053,000 or $0.03 per basic and diluted share compared to $4,576,000 or $0.15 per basic and diluted share a year ago. Net operating income per share (Non-GAAP) was $0.13 compared to $0.15 a year ago. Return on average assets (annualized) was 0.15% compared to 0.78% a year ago. Return on average equity (annualized) was 1.32% compared to 6.76% a year ago. Common tangible equity per common share was $6.95 compared to $7.45 a year ago. Net operating income was $4,696,000 compared to $4,554,000 a year ago. The primary reason for the increase in net operating income between sequential quarters is the January 17, 2014 acquisition of Gulfstream Bancshares, Inc. and its subsidiary Gulfstream Business Bank. The company’s NIM remained stable at 4.65% for each of the two comparable quarters, while net interest income increased by $4,112,000 due to higher average balances of interest earning assets, resulting from the acquisition of Gulfstream. For the quarter, the bank reported that net charge-offs were $317,000 compared to $1,068,000 a year ago.

 

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CSFL Competitors

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Industry Analysis

CSFL

Industry Average

Valuation CSFL Industry Range
Price/Earnings 39.2x
Price/Sales 2.9x
Price/Book 1.2x
Price/Cash Flow 44.3x
TEV/Sales 0.6x
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