Sunshine Bancorp operates as the holding company for Sunshine Bank that provides financial services to individuals, families and businesses. The Company accepts various deposit accounts, such as interest-bearing and noninterest-bearing demand and checking, money market, savings accounts, time deposits and certificates of deposit. Its loan products include commercial real estate and multi-family loans, one-to-four family residential real estate loans, commercial business loans, such as term loans, lines of credit, agricultural production, equipment financing and revolving lines of credit, construction and land loans, home equity loans comprising revolving lines of credit, and term or second mortgage loans, as well as consumer loans.

Type
Subsidiary
Parent Company
CenterState Bank Corp
HQ
Plant City, US
Founded
1954
Sunshine Bancorp was founded in 1954 and is headquartered in Plant City, US
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Sunshine Bancorp Office Locations

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

Summary Metrics

Founding Date

1954
Sunshine Bancorp is a subsidiary of CenterState Bank Corp

Sunshine Bancorp Financials

Sunshine Bancorp's revenue was reported to be $24.11 m in FY, 2016 which is a 78.9% increase from the previous period.
Annual
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
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

1.8 m1.8 m2.2 m2 m4.5 m5 m5.5 m5.5 m9.6 m10 m

Cost of goods sold

71 k297 k340 k452 k541 k851 k766 k

Gross profit

2 m4.2 m4.7 m5 m5 m8.7 m9.2 m

Gross profit Margin, %

97%93%93%92%90%91%92%
Annual
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
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

11.2 m15.1 m44.9 m24.3 m22 m61.6 m23.5 m55.3 m70.9 m63.6 m62 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 m25.2 m

Goodwill

8.7 m8.7 m
Annual
USDFY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

547 k620 k

Cash From Operating Activities

2.3 m639 k(2.6 m)

Purchases of PP&E

(23.5 m)(91.3 m)
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

(330 k)39 k(353 k)(504 k)49 k154 k227 k471 k1.6 m3.4 m1.6 m

Depreciation and Amortization

275 k268 k

Cash From Operating Activities

428 k(2.2 m)(951 k)417 k2.4 m6.8 m

Purchases of PP&E

(15.6 m)(25.2 m)(35.9 m)(5 m)(9.2 m)
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