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CenterState posts 1Q profit

WINTER HAVEN, Fla. (AP) _ CenterState Banks Inc. (CSFL) on Wednesday reported first-quarter net income of $16.6 million, after reporting a loss in the same period a year earlier.

The Winter Haven, Florida-based bank said it had earnings of 32 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 33 cents per share.

The bank holding company posted revenue of $65.6 million in the period. Its adjusted revenue was $62.8 million.

CenterState shares have risen roughly 4 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $26.16, a rise of 64 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSFL at https://www.zacks.com/ap/CSFL


Keywords: CenterState Banks, Earnings Report