News Column

BRIEF: State Bank issues fourth quarter, yearly results

January 30, 2014

By Linda S. Morris, The Macon Telegraph

Jan. 30 -- State Bank Financial Corp. , the parent company for Macon -based State Bank and Trust Co. , announced Thursday the unaudited financial results for the quarter and the full year ending Dec. 31 . Net income for the fourth quarter was $9.4 million , compared to $3.2 million for the fourth quarter of 2012, according to a news release. Full-year net income for 2013 was $12.7 million compared to $22.7 million for 2012. Fully diluted earnings per share were 28 cents in the fourth quarter of 2013 compared to 10 cents a share in the fourth quarter of 2012. Fully diluted earnings per share were 38 cents for the year compared to 69 cents for 2012. Net interest income was $64.4 million in the fourth quarter of 2013, up from $43.4 million in the fourth quarter of 2012. Interest expense of $2.0 million in the fourth quarter of 2013 was down slightly versus the prior quarter and down from $2.1 million in the fourth quarter of 2012. ___ (c)2014 The Macon Telegraph (Macon, Ga.) Visit The Macon Telegraph (Macon, Ga.) at www.macon.com Distributed by MCT Information Services


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Source: Macon Telegraph (GA)


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