State Bank issues fourth quarter, yearly results

lmorris@macon.comJanuary 30, 2014 

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.

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