State Bank’s net income up in fourth quarter 2012; full-year income down

Published: January 30, 2013 

State Bank Financial Corp., holding company for Macon-based State Bank and Trust Co., announced Wednesday its unaudited financial results for the fourth quarter of 2012 and for the full year.

Net income for the fourth quarter was $9.3 million, compared to $9.1 million for the same period in 2011, according to a news release. Full year net income was $28.9 million compared to $43 million for 2011.

Fully diluted earnings per share was 28 cents for the fourth quarter compared to 10 cents in the third quarter of 2012 and 28 cents in the fourth quarter of 2011, the release. Year-to-date fully diluted earnings per share was 88 cents compared to $1.32 in 2011.

Total assets at quarter-end were $2.68 billion, down from $2.78 billion at the end of 2011, the release stated. Total deposits at year-end were $2.15 billion, down from $2.3 billion at the end of 2011.

State Bank has locations in metro Atlanta and Middle Georgia.

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