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.
Company Growth (employees)
Type
Public
HQ
Winter Haven, US
Founded
1999
Size (employees)
952 (est)
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 $65.6 m in Q1, 2017
USD

Revenue (Q1, 2017)

65.6 m

Gross profit (Q1, 2017)

62.8 m

Gross profit margin (Q1, 2017), %

96%

Net income (Q1, 2017)

16.6 m

EBIT (Q1, 2017)

48.3 m

Market capitalization (19-Sep-2017)

1.5 b

Cash (31-Mar-2017)

279.5 m
CenterState Banks's current market capitalization is $1.5 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

100.4 m164.5 m199.8 m253 m

Revenue growth, %

64%21%27%

Cost of goods sold

7.3 m9.3 m

Gross profit

192.5 m243.7 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

39.5 m43.9 m48.6 m52.2 m48.2 m58.1 m64.3 m63.3 m65.6 m

Cost of goods sold

1.8 m1.8 m2 m2.3 m2.4 m2.8 m

Gross profit

50.4 m46.5 m56 m62 m60.9 m62.8 m

Gross profit Margin, %

97%96%97%96%96%96%
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

174.9 m158.4 m152.5 m175.7 m

Accounts Receivable

6.3 m9 m10.3 m12.1 m

Goodwill

44.9 m76.7 m76.7 m106 m

Total Assets

2.4 b3.8 b4 b5.1 b
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

516 m210.6 m256.3 m155.1 m228.4 m362 m284.1 m198.9 m279.5 m

Goodwill

77 m77 m76.7 m76.7 m76.7 m105.5 m105.5 m105.5 m106 m

Total Assets

3.9 b3.6 b3.9 b3.9 b3.9 b5 b5 b5 b5.3 b

Accounts Payable

3.3 b3.1 b3.1 b3.1 b3.2 b4.1 b4.1 b4.1 b4.3 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

12.2 m13 m39.3 m42.3 m

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)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

1 m3.6 m9.1 m9.9 m9.9 m(4.8 m)15.7 m15.4 m16.6 m

Accounts Receivable

8.2 m8.4 m9.3 m9.4 m9.7 m11.7 m11 m11.8 m13 m

Accounts Payable

411 k359 k293 k251 k231 k1.1 m932 k928 k711 k
USDY, 2017

Revenue/Employee

68.9 k

Financial Leverage

8.4 x
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CenterState Banks Operating Metrics

CenterState Banks's Total Loans Issued was reported to be $4.6 b in Q2, 2017
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Non-performing Loans

$25.6 m$26.86 m$25.03 m$22.45 m$20.83 m$24.87 m$25.04 m$19.7 m$19 m$17.57 m$19.92 m

Total Loans Issued

$2.43 b$2.46 b$2.53 b$2.56 b$2.59 b$3.15 b$3.19 b$3.29 b$3.43 b$3.52 b$4.65 b

Bank Branches

585767
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CenterState Banks Market Value History

Traffic Overview of CenterState Banks

CenterState Banks Online and Social Media Presence

CenterState Banks Company Life and Culture

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