Sunshine Bancorp

Sunshine State Bank was founded in 1954 in Plant City, Florida and in 2014, Sunshine Bancorp, Inc. was formed as its holding company. After converting from the mutual form of organization to the stock form, a full rebranding effort gave way to the new name of Sunshine Bank. Led by a seasoned management team, Sunshine plans an aggressive growth strategy achieved through high touch relationship management and exceptional service supported by modern technology. Sunshine’s focus remains on retail, small business and not-for-profit banking relationships in attractive geographic markets. Sunshine Bank serves customers through twelve branch locations stretching along the I-4 corridor from Orlando to Tampa and locations servicing the Sarasota market.
Type
Public
HQ
Plant City, US
Founded
1654
Size (employees)
74 (est)
Sunshine Bancorp was founded in 1654 and is headquartered in Plant City, US

Sunshine Bancorp Office Locations

Sunshine Bancorp has an office in Plant City
Plant City, US (HQ)
102 W Baker St

Sunshine Bancorp Data and Metrics

Sunshine Bancorp Financial Metrics

Sunshine Bancorp's revenue was reported to be $9.6 m in Q1, 2017
USD

Revenue (Q1, 2017)

9.6 m

Gross profit (Q1, 2017)

8.7 m

Gross profit margin (Q1, 2017), %

91%

Net income (Q1, 2017)

1.6 m

EBIT (Q1, 2017)

7.6 m

Market capitalization (22-Aug-2017)

167.7 m

Cash (31-Mar-2017)

70.9 m
Sunshine Bancorp's current market capitalization is $167.7 m.
USDFY, 2014FY, 2015FY, 2016

Revenue

7 m13.5 m24.1 m

Revenue growth, %

92%79%

Cost of goods sold

751 k2 m

Gross profit

12.7 m22.1 m

Gross profit Margin, %

94%92%

Sales and marketing expense

4.6 m9.6 m10.8 m

General and administrative expense

1.2 m1.4 m2.3 m

Operating expense total

5.8 m11.1 m13.1 m

EBIT

3.4 m11.1 m18.6 m

EBIT margin, %

49%82%77%

Pre tax profit

(4.6 m)134 k

Income tax expense

(1.6 m)(2.3 m)177 k

Net Income

(2.5 m)(2.2 m)(43 k)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

1.8 m1.8 m2.2 m2 m4.5 m5 m5.5 m5.5 m9.6 m

Cost of goods sold

71 k297 k340 k452 k541 k851 k

Gross profit

2 m4.2 m4.7 m5 m5 m8.7 m

Gross profit Margin, %

97%93%93%92%90%91%

Sales and marketing expense

866 k879 k1.6 m1.6 m2.4 m2.6 m2.4 m2.4 m3.6 m

General and administrative expense

241 k252 k299 k257 k444 k576 k586 k544 k724 k

Operating expense total

1.1 m1.1 m1.9 m1.8 m2.8 m3.2 m3 m3 m4.4 m

EBIT

799 k1.5 m1.7 m1.7 m3.8 m4 m3.5 m4.3 m7.6 m

EBIT margin, %

45%82%78%81%84%80%64%78%80%

Pre tax profit

(619 k)(1.5 m)70 k203 k109 k373 k2.6 m

Income tax expense

(266 k)(1.4 m)21 k49 k36 k129 k969 k

Net Income

(330 k)39 k(353 k)(151 k)49 k154 k73 k244 k1.6 m
USDFY, 2014FY, 2015FY, 2016

Cash

20.5 m59.3 m50.3 m

Accounts Receivable

613 k1 m2.1 m

PP&E

6.1 m17.6 m25.9 m

Total Assets

229.8 m507.3 m931.4 m

Accounts Payable

7.6 m

Total Liabilities

819.3 m

Additional Paid-in Capital

40.8 m52.8 m94.3 m

Total Equity

61.6 m71.4 m112.1 m

Financial Leverage

3.7 x7.1 x8.3 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

11.2 m15.1 m44.9 m24.3 m22 m61.6 m23.5 m55.3 m70.9 m

Accounts Receivable

3.7 m6 m

PP&E

6 m5.9 m6.8 m13.6 m14.2 m17.6 m17.1 m16.9 m25.6 m

Goodwill

8.7 m8.7 m

Total Assets

311.8 m222.9 m247.6 m477 m442.1 m523.1 m514.7 m564 m956.4 m

Accounts Payable

165.3 m155.7 m179.5 m349.3 m354 m415.2 m395.3 m438.8 m771.2 m

Additional Paid-in Capital

40.7 m40.8 m40.8 m40.8 m53 m53.2 m53.4 m94.5 m

Total Equity

63.7 m61.4 m66.8 m61.2 m71.9 m72.2 m72.7 m114.1 m

Financial Leverage

3.5 x4 x7.1 x7.2 x7.3 x7.1 x7.8 x8.4 x
USDFY, 2014FY, 2015FY, 2016

Net Income

(2.5 m)(2.2 m)(43 k)

Depreciation and Amortization

547 k620 k

Accounts Receivable

250 k

Cash From Operating Activities

2.3 m639 k(2.6 m)

Purchases of PP&E

(23.5 m)(91.3 m)

Cash From Investing Activities

(29.3 m)29.2 m(99.6 m)

Long-term Borrowings

(4 m)

Cash From Financing Activities

36.4 m9.1 m93.2 m

Interest Paid

298 k

Income Taxes Paid

20 k
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(330 k)39 k(353 k)(151 k)49 k154 k73 k244 k1.6 m

Accounts Receivable

549 k627 k543 k1.2 m1 m1.1 m1.1 m1.1 m1.9 m
USDY, 2017

Revenue/Employee

129.2 k

Financial Leverage

8.4 x

Sunshine Bancorp Market Value History

Traffic Overview of Sunshine Bancorp

Sunshine Bancorp Company Life and Culture

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