CenterState: 2Q Earnings Snapshot
WINTER HAVEN, Fla. (AP) _ CenterState Banks Inc. (CSFL) on Tuesday reported second-quarter earnings of $54.5 million.
The bank, based in Winter Haven, Florida, said it had earnings of 42 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 51 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 51 cents per share.
The bank holding company posted revenue of $223.2 million in the period. Its revenue net of interest expense was $196.6 million, which beat Street forecasts. Three analysts surveyed by Zacks expected $193.8 million.
CenterState shares have climbed 12% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $23.52, a decline of 23% in the last 12 months.