Park Sterling is a holding company for Park Sterling Bank. The Company provides banking services to small and medium-sized businesses, real estate owners, residential builders, institutions, professionals and consumers doing business or residing within its target markets; it provides a range of banking products, including personal, business and non-profit checking accounts, interest on lawyer trust accounts, individual retirement accounts, business and personal money market accounts, time deposits, overdraft protection, safe deposit boxes, and online and mobile banking.

Type
Public
HQ
Charlotte, US
Founded
2006
Size (employees)
544 (est)
Park Sterling was founded in 2006 and is headquartered in Charlotte, US
Report incorrect company information

Park Sterling Office Locations

Park Sterling has offices in Greenwood, Greenville, Clinton, Clemson and in 22 other locations
Charlotte, US (HQ)
201 1043 E Morehead St
Abbeville, US
203 S Main St
Abbeville, US
536 W Greenwood St
Anderson, US
2123 N Hwy 81
Belmont, US
192 E Woodrow Ave
Belton, US
717 Anderson St
Show all (31)
Report incorrect company information

Park Sterling Financials and Metrics

Park Sterling Financials

Park Sterling's revenue was reported to be $140.91 m in FY, 2016 which is a 57.8% increase from the previous period.
USD

Revenue (Q2, 2017)

38.4 m

Gross profit (Q2, 2017)

34 m

Gross profit margin (Q2, 2017), %

88.6%

Net income (Q2, 2017)

8.5 m

EBIT (Q2, 2017)

28.6 m

Market capitalization (24-Nov-2017)

656.8 m

Cash (30-Jun-2017)

35.5 m

EV

996 m
Park Sterling's current market capitalization is $656.8 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

78.8 m85.3 m89.3 m140.9 m

Revenue growth, %

8%5%58%

Cost of goods sold

6.4 m7.7 m7.9 m14.5 m

Gross profit

72.4 m77.6 m81.4 m126.4 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

23 m22.7 m25.2 m25.7 m26.7 m26.8 m27.4 m34.9 m35.1 m34.9 m36.3 m38.4 m

Cost of goods sold

1.4 m1.9 m2.1 m1.9 m1.8 m1.8 m2.1 m3.6 m3.6 m3.6 m3.8 m4.4 m

Gross profit

21.6 m20.8 m23.1 m23.9 m24.9 m24.9 m25.3 m31.3 m31.4 m31.3 m32.5 m34 m

Gross profit Margin, %

94%91%92%93%93%93%92%90%90%90%90%89%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

13.1 m16.5 m53.8 m34.2 m

Accounts Receivable

4.2 m4.5 m5.1 m6.8 m

PP&E

55.9 m59.2 m55.7 m63.1 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

11.8 m14.2 m21.1 m16.5 m17.4 m17 m16.1 m34 m33.3 m35.1 m40.1 m35.5 m

Inventories

2.5 b2.5 b

PP&E

56.7 m55.9 m59.4 m59.3 m58.8 m59 m56.9 m65.5 m65.7 m64.6 m62.4 m62.8 m

Goodwill

26.6 m26.4 m29.8 m30 m29.2 m29.2 m29.2 m63.7 m63 m63.3 m63.3 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

15.3 m12.9 m16.6 m19.9 m

Accounts Payable

(104 k)(1.6 m)

Cash From Operating Activities

32.8 m13.9 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

4.2 m3.6 m3.4 m2.5 m3.8 m8.1 m12.8 m2.7 m8.3 m14.6 m7.5 m16 m

Accounts Payable

391 k385 k370 k(23 k)406 k912 k568 k901 k8 m

Cash From Operating Activities

16.3 m41.1 m7.1 m5.1 m10.6 m46.9 m

Purchases of PP&E

(7.4 m)(7.6 m)
USDY, 2017

EV/EBIT

34.8 x

EV/CFO

21.2 x

Revenue/Employee

70.6 k

Financial Leverage

9 x
Show all financial metrics

Park Sterling Operating Metrics

Park Sterling's Total Loans was reported to be $2.5b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

52 56 55

Non-accrual Loans

$5.59 m$6.40 m$5.55 m$5.34 m$4.33 m$6.60 m$5.18 m$8.62 m$8.82 m$9.61 m$9.37 m

Non-performing Loans

$8.90 m$8.25 m$12.94 m

Total Loans

$1.57 b$1.61 b$1.65 b$1.69 b$1.73 b$2.27 b$2.32 b$2.36 b$2.40 b$2.46 b$2.50 b
Show all operating metrics
Report incorrect company information

Park Sterling News and Updates

BRIEF-South State Corp & Park Sterling Corp merger receives regulatory and shareholder approval​

* South State Corporation and Park Sterling Corporation merger receives regulatory and shareholder approval​ Source text for Eikon: Further company coverage:
Report incorrect company information