FORT LAUDERDALE, Fla. (AP) _ Stonegate Bank (SGBK) on Friday reported first-quarter net income of $8 million.
The bank, based in Fort Lauderdale, Florida, said it had earnings of 53 cents per share. Earnings, adjusted for non-recurring costs, were 58 cents per share.
The commercial bank posted revenue of $31.5 million in the period. Its adjusted revenue was $28 million.
Stonegate Bank shares have climbed 10 percent since the beginning of the year. In the final minutes of trading on Friday, shares hit $45.90, an increase of 44 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 SGBK at https://www.zacks.com/ap/SGBK
Keywords: Stonegate Bank, Earnings Report