State Bank Financial: 2Q Earnings Snapshot
ATLANTA (AP) _ State Bank Financial Corp. (STBZ) on Tuesday reported second-quarter profit of $18.8 million.
The bank, based in Atlanta, said it had earnings of 48 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 55 cents per share.
The holding company for State Bank & Trust Co. posted revenue of $74.6 million in the period. Its revenue net of interest expense was $67 million, falling short of Street forecasts.
State Bank Financial shares have increased 11 percent since the beginning of the year. The stock has increased 23 percent in the last 12 months.