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CenterState Bank (CenterState Bank) Net Income : $216.2 Mil (TTM As of Mar. 2020)


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What is CenterState Bank Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. CenterState Bank's Net Income for the three months ended in Mar. 2020 was $35.4 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2020 was $216.2 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. CenterState Bank's Earnings per Share (Diluted) for the three months ended in Mar. 2020 was $0.28.


CenterState Bank Net Income Historical Data

The historical data trend for CenterState Bank's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CenterState Bank Net Income Chart

CenterState Bank Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.34 42.34 55.80 156.44 225.40

CenterState Bank Quarterly Data
Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.64 54.52 55.10 71.13 35.43

CenterState Bank Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

CenterState Bank's Net Income for the fiscal year that ended in Dec. 2019 is calculated as

Net Income(A: Dec. 2019 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=294.296+-67.698+0+-1.202
=225.4

CenterState Bank's Net Income for the quarter that ended in Mar. 2020 is calculated as

Net Income(Q: Mar. 2020 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=41.457+-6.025+0+0
=35.4

Net Income for the trailing twelve months (TTM) ended in Mar. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $216.2 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


CenterState Bank  (NAS:CSFL) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

CenterState Bank's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2020 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


CenterState Bank Net Income Related Terms

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CenterState Bank (CenterState Bank) Business Description

Traded in Other Exchanges
N/A
Address
1101 First Street South, Suite 202, Winter Haven, FL, USA, 33880
CenterState Bank Corp is a bank holding company, which through its subsidiaries, provides a range of consumer and commercial banking services to individuals, businesses, and industries. It offers personal and commercial banking, real estate loans, and investment services, as well as offers deposits, debit and credit cards, and online banking services. The firm derives its revenue through interest earned and gain on sales of loans, investment securities, and other financial instruments, as well as from service charges on deposits, treasury management fees, wealth advisory fees, fixed income sales, and correspondent bank fees.
Executives
Thomas E Oakley director
David G Salyers director 1101 FIRST STREET SOUTH, SUITE 202, WINTER HAVEN FL 33880
Beth S Desimone officer: CRO, General Counsel 1017 E. MOREHEAD STREET, SUITE 200, CHARLOTTE NC 28204
Daniel E Bockhorst officer: Chief Credit Officer 42745 U.S. HIGHWAY 27, DAVENPORT FL 33837
John C Corbett director, officer: President and CEO 1101 FIRST STREET SOUTH, SUITE 202, WINTER HAVEN FL 33880
Matthews William E V officer: Chief Financial Officer
Richard Iv Murray director, officer: Bank CEO PO BOX 10686, BIRMINGHAM AL 35202
Holcomb John H Iii director 56 COUNTRY CLUB BLVD, BIRMINGHAM AL 35213
Page G Ruffner Jr director
Ernest S Pinner director
Stephen Dean Young officer: Chief Operating Officer 42745 U.S. HIGWAY 27, DAVENPORT FL 33837
Joshua A Snively director 42745 U.S. HIGHWAY 27, DAVENPORT FL 33837
Pou William K Jr director 42745 U.S. HIGHWAY 27, DAVENPORT FL 33837
Charles W Mcpherson director 42745 U.S. HIGHWAY 27, DAVENPORT FL 33837
James J Antal other: Former CFO