trending Market Intelligence /marketintelligence/en/news-insights/trending/rls8NWnqjNpIxVmQHp6sZQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

CenterState net interest margin drops on rates, deposit costs in Q3'19

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go


CenterState net interest margin drops on rates, deposit costs in Q3'19

Winter Haven, Fla.-based CenterState Bank Corp. reported third-quarter adjusted net income of $68.0 million, or 53 cents per share, up from $45.4 million, or 51 cents per share, in the same quarter of 2018.

The S&P Global Market Intelligence consensus normalized EPS estimate for the quarter was 50 cents.

The company's GAAP net income of $55.1 million, or 43 cents per share, was up from $38.0 million, or 43 cents per share, in the year-ago period.

The company's tax-equivalent net interest margin for the third quarter came to 4.19%, compared to 4.31% for the same period in 2018. The drop was due to Fed rate cuts, a reduction in London interbank offered rates, and an increase in deposit costs, according to the company's earnings release.

Net charge-offs amounted to $2.4 million, an increase from charge-offs of $2.2 million in the linked quarter and $623,000 in the prior-year period.

For the third quarter, charge-offs were 0.08% of loans on an annualized basis, the same as in the second quarter.

The company's provision for loan losses was $3.7 million in the third quarter, compared to $2.0 million in the third quarter of 2018.

Total gross loans amounted to $11.92 billion at the end of the third quarter, up from $8.22 billion at the end of the same quarter in 2018. Total deposits came to $13.36 billion at the end of the third quarter, compared to $9.47 billion at Sept. 30, 2018.