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 Metrics

Sunshine Bancorp Financial Metrics

Revenue (2016)

$24.1 m

Revenue growth (2015-16), %

79%

Gross profit

$22.1 m

Gross profit margin (2016), %

92%

Net income (2016)

($43 k)

Market capitalization (21-Mar-2017)

$108.3 m

Closing share price (21-Mar-2017)

$21.1

Cash (31-Dec-2016)

$50.3 m
Sunshine Bancorp's current market capitalization is $108.3 m.
Sunshine Bancorp's revenue was reported to be $24.1 m in FY, 2016 which is a 78.9% increase from the previous period.
FY, 2014FY, 2015FY, 2016

Revenue

$7 m$13.5 m$24.1 m

Revenue growth, %

92%79%

Cost of goods sold

$751 k$2 m

Gross profit

$12.7 m$22.1 m

Gross profit Margin, %

94%92%

Sales and marketing expense

$4.6 m$9.6 m$10.8 m

General and administrative expense

$1.2 m$1.4 m$2.3 m

Operating expense total

$5.8 m$11.1 m$13.1 m

EBIT

$3.4 m$11.1 m$18.6 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)
FY, 2014FY, 2015FY, 2016

Cash

$20.5 m$59.3 m$50.3 m

Accounts Receivable

$34.7 m$37.1 m

PP&E

$6.1 m$17.6 m$25.9 m

Total Assets

$229.8 m$507.3 m$931.4 m

Additional Paid-in Capital

$40.8 m$52.8 m$94.3 m

Total Equity

$61.6 m$71.4 m$112.1 m

Financial Leverage

3.7 x7.1 x8.3 x
FY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

$547 k$620 k

Accounts Receivable

($5 m)

Cash From Operating Activities

$2.3 m$639 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 m$9.1 m$93.2 m

Interest Paid

$298 k

Income Taxes Paid

$20 k

Sunshine Bancorp Market Value History

Sunshine Bancorp Company Life

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