CenterState Banks

We Believe in Community: The Story of CenterState Bank of Florida NA CenterState Bank was started by a group of bankers and entrepreneurs over 25 years ago with 3 separate banks in Polk, Osceola and Pasco Counties. We believe that business partnerships and the support of local communities is key to a community bank’s success. Our Holding Company, CenterState Banks, Inc. is headquartered in Davenport, Florida and was formed in June 2000. We currently operate 66 banking centers and 4 loan production offices. Upon the closing of the 1st National acquisition CenterState will maintain approximately $5 billion in assets, $3.9 billion in deposits, and $3.1 billion in loans, growing us to Florida’s second largest community bank. During 2014, the company acquired Gulfstream Business Bank in Stuart, Florida and First Southern Bank in Boca Raton, Florida. Since 2009, our Board of Directors and Management have utilized our strong capital levels and financial stability, positioning the bank to acquire numerous financial institutions. As of the First Quarter in 2016, we have completed the acquisition of Community Bank of Florida and anticipate the completion in May 2016 of 1st National Bank of South Florida. Both banks were headquartered in Homestead, FL and now give CenterState a branch network that covers the state of Florida from Jacksonville to the Keys.
Winter Haven, US
Size (employees)
952 (est)+22%
CenterState Banks was founded in 1999 and is headquartered in Winter Haven, US

CenterState Banks Office Locations

CenterState Banks has an office in Winter Haven
Winter Haven, US (HQ)
202 1101 1st St S

CenterState Banks Data and Metrics

CenterState Banks Financial Metrics

CenterState Banks's revenue was reported to be $188.7 m in FY, 2016
Numbers are in $, USD

Revenue (FY, 2016)

188.7 m

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

179.3 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

42.3 m

EBIT (FY, 2016)

179.3 m

Market capitalization (25-May-2017)

1.4 b

Closing share price (25-May-2017)


Cash (31-Dec-2016)

175.7 m
CenterState Banks's current market capitalization is $1.4 b.
Numbers are in $, USDFY, 2013Y, 2014Y, 2015FY, 2016


100.4 m164.5 m199.8 m188.7 m

Revenue growth, %


Cost of goods sold

7.3 m9.3 m

Gross profit

192.5 m179.3 m

Gross profit Margin, %



17.8 m130.9 m155 m179.3 m

EBIT margin, %


Pre tax profit

17.8 m20.1 m61.9 m64.3 m

Net Income

12.2 m13 m39.3 m42.3 m
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016


174.9 m158.4 m152.5 m175.7 m

Accounts Receivable

6.3 m9 m10.3 m12.1 m



44.9 m76.7 m76.7 m106 m

Total Assets

2.4 b3.8 b4 b5.1 b

Accounts Payable

18.3 m336 k218 k851 k

Additional Paid-in Capital

229.5 m388.7 m393.2 m430.5 m

Retained Earnings

48 m59.3 m95.4 m130.1 m

Total Equity

273.4 m490.5 m552.5 m

Financial Leverage

8.8 x8.2 x9.2 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

12.2 m13 m39.3 m42.3 m

Accounts Receivable


Accounts Payable

Cash From Operating Activities

38.1 m1.4 m43 m36.7 m

Cash From Investing Activities

161.1 m

Dividends Paid

(1.2 m)(1.7 m)(3.2 m)(7.7 m)

Cash From Financing Activities

(178.9 m)

Interest Paid

6.6 m8.5 m8.3 m8.9 m

Income Taxes Paid

3.5 m8.4 m14.6 m20.5 m
Numbers are in $, USDY, 2016


240.6 k

Financial Leverage

9.2 x

CenterState Banks Market Value History

CenterState Banks Online and Social Media Presence

CenterState Banks Company Life and Culture

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