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STATE BANK FINANCIAL CORP

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2018 10-Q, filed Nov 9, 2018. Its latest SEC filing is a 15-12B from Mar 28, 2019.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Offers loans, deposit accounts and digital banking services to individuals and businesses, alongside specialized lending for commercial, agricultural and real-estate borrowers.

Who Were Their Customers?

Provides banking and lending to individuals and local businesses, including farmers, professionals, real-estate investors and builders; specialized lending also serves borrowers nationally.

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q3 FY2018, the three months to Sep 30, 2018
Revenue
▲ +40%
vs $47.7M in Q3 FY2017
Net income
▲ +24%
vs $14.4M in Q3 FY2017
  • Jan 2, 2019 Cadence completed its merger with State Bank State Bank merged into Cadence, its bank subsidiary merged into Cadence Bank, and State Bank's stock was delisted from Nasdaq.
  • Dec 26, 2018 Cadence increased the merger exchange ratio State Bank shareholders were to receive 1.271 Cadence Class A shares for each State Bank share.
  • Sep 25, 2018 CenterState hired State Bank's mortgage team and acquired its loan pipeline CenterState also assumed certain leases used by State Bank mortgage professionals.

Payroll services expanded The earlier report describes payroll services through Altera Payment Solutions; the latest describes payroll and insurance services through Altera Payroll and Insurance.

Specialized lending reaches beyond local markets The earlier report describes loans to customers within the bank's markets; the latest also describes specialized equipment finance, asset-based and lender finance loans offered nationally.

Who Did They Compete With?

Competes with SunTrust, Bank of America, Wells Fargo, and BB&T

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