WINTER HAVEN, Fla. (AP) _ CenterState Banks Inc. (CSFL) on Tuesday reported third-quarter earnings of $55.1 million.
The bank, based in Winter Haven, Florida, said it had earnings of 43 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 53 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The bank holding company posted revenue of $232.4 million in the period. Its revenue net of interest expense was $203.4 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $195.3 million.
CenterState shares have increased 17% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $24.59, a climb of slightly more than 1% in the last 12 months.