State Bank shows net income up during third quarter
State Bank Financial Corp., the parent company for Macon-based State Bank and Trust Co., announced Thursday its net income for the third quarter of 2013 was $4.3 million, compared to $3.4 million in the same quarter last year.
The banks third-quarter report also showed fully diluted earnings at 13 cents per share, compared to 10 cents a share for the third quarter of 2012, according to a news release. Net interest income was $44.4 million this quarter, up from $34.2 million for the same quarter last year.
The companys board of directors authorized the repurchase of up to 1 million shares of the companys outstanding common stock.
State Bank has about $2.5 billion in assets as of Sept. 30, and it has locations in metro Atlanta and Middle Georgia.