CenterState Bank Corporation operates as the holding company for CenterState Bank, N.A.
Flawless balance sheet established dividend payer.
Share Price & News
How has CenterState Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CSFL has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: CSFL underperformed the US Banks industry which returned 10.3% over the past year.
Return vs Market: CSFL underperformed the US Market which returned 17.9% over the past year.
Price Volatility Vs. Market
How volatile is CenterState Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StDoes CenterState Bank Corporation (NASDAQ:CSFL) Have A Particularly Volatile Share Price?
1 month ago | Simply Wall StIs CenterState Bank Corporation (NASDAQ:CSFL) A Smart Pick For Income Investors?
1 month ago | Simply Wall StIs Now An Opportune Moment To Examine CenterState Bank Corporation (NASDAQ:CSFL)?
Is CenterState Bank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CSFL ($23.66) is trading below our estimate of fair value ($38.11)
Significantly Below Fair Value: CSFL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CSFL is poor value based on its PE Ratio (12.6x) compared to the Banks industry average (12.6x).
PE vs Market: CSFL is good value based on its PE Ratio (12.6x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: CSFL is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: CSFL is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).
How is CenterState Bank forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CSFL's forecast earnings growth (7.8% per year) is above the savings rate (1.7%).
Earnings vs Market: CSFL's earnings (7.8% per year) are forecast to grow slower than the US market (14.1% per year).
High Growth Earnings: CSFL's earnings are forecast to grow, but not significantly.
Revenue vs Market: CSFL's revenue (4.4% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: CSFL's revenue (4.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CSFL's Return on Equity is forecast to be low in 3 years time (8.4%).
How has CenterState Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CSFL has high quality earnings.
Growing Profit Margin: CSFL's current net profit margins (30.4%) are lower than last year (30.7%).
Past Earnings Growth Analysis
Earnings Trend: CSFL's earnings have grown significantly by 46.7% per year over the past 5 years.
Accelerating Growth: CSFL's earnings growth over the past year (44.1%) is below its 5-year average (46.7% per year).
Earnings vs Industry: CSFL earnings growth over the past year (44.1%) exceeded the Banks industry 12.2%.
Return on Equity
High ROE: CSFL's Return on Equity (7.8%) is considered low.
Return on Assets
Return on Capital Employed
How is CenterState Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: CSFL has a low level of unsold assets or inventory.
Debt Coverage by Assets: CSFL's debt is not covered by short term assets (assets are 1x debt).
Financial Institutions Analysis
Asset Level: CSFL's level of assets compared to its equity is low.
Allowance for Bad Loans: CSFL has a sufficient allowance for bad loans.
Low Risk Liabilities: CSFL's liabilities are made up of primarily low risk sources of funding.
Loan Level: CSFL has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CSFL's loans are broadly funded by customer deposits.
Level of Bad Loans: CSFL has an appropriate level of bad loans (0.32%)
What is CenterState Bank's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CSFL's dividend (2.37%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: CSFL's dividend (2.37%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: CSFL's dividends per share have been stable in the past 10 years.
Growing Dividend: CSFL's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (23.4%), CSFL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CSFL's dividends in 3 years are forecast to be well covered by earnings (31.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Corbett (50yo)
Mr. John C. Corbett has been the Chief Executive Officer and President of CenterState Bank Corporation since July 20, 2015. Mr. Corbett has been the Chief Executive Officer and President of Centerstate Ban ...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD2.44M) is below average for companies of similar size in the US market ($USD4.87M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
|Executive VP & COO||3.8yrs||US$1.35m||0.045% $1.3m|
|Executive VP & Chief Administrative Officer||0.8yrs||US$790.34k||0.012% $358.1k|
|CFO & Executive VP||0.8yrs||no data||0.073% $2.2m|
|Chief Risk Officer||2.8yrs||no data||0.0026% $77.0k|
|Executive VP & Chief Credit Officer||2.1yrs||US$766.61k||0.037% $1.1m|
|Managing Director To Head The Loan Trading & Hedge Desk||6yrs||no data||no data|
|President of West Florida Region||0yrs||no data||no data|
|Senior Vice President of the Correspondent Division||2.4yrs||no data||no data|
|CEO & President of Valrico State Bank||23.1yrs||no data||no data|
Experienced Management: CSFL's management team is considered experienced (2.8 years average tenure).
|Independent Director||18.1yrs||US$71.42k||0.17% $4.9m|
|Non-Executive Chairman of the Board||16.1yrs||US$1.12m||0.18% $5.4m|
|Independent Director||21.1yrs||US$89.72k||0.094% $2.8m|
|Independent Director||7.8yrs||US$81.22k||0.050% $1.5m|
|Vice Chairman & Independent Lead Director||0yrs||US$89.87k||0.028% $840.8k|
|Independent Director||16.1yrs||US$104.62k||0.013% $380.3k|
|Independent Director||6yrs||US$80.17k||0.25% $7.4m|
|Independent Director||11.8yrs||US$76.62k||0.14% $4.1m|
Experienced Board: CSFL's board of directors are seasoned and experienced ( 11.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CSFL insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 36.6%.
CenterState Bank Corporation's company bio, employee growth, exchange listings and data sources
- Name: CenterState Bank Corporation
- Ticker: CSFL
- Exchange: NasdaqGS
- Founded: 1999
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$2.962b
- Shares outstanding: 125.17m
- Website: https://www.centerstatebank.com
Number of Employees
- CenterState Bank Corporation
- 1101 First Street South
- Suite 202
- Winter Haven
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CSFL||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jan 2001|
CenterState Bank Corporation operates as the holding company for CenterState Bank, N.A. that provides various consumer and commercial banking services to individuals, businesses, and industries. The company accepts various deposit products, such as savings, demand, negotiable order of withdrawal, and money market deposit accounts, as well as certificates of deposit and time deposits. Its loan products include real estate loans to individuals and businesses for the purchase, improvement of, or investment in real estate; construction of single-family residential and commercial units; and development of single-family residential building lots. The company’s loan products also comprise commercial loans to small-to-medium sized businesses for working capital, equipment purchases, and various other business purposes; and consumer loans consisting of loans to individuals for various consumer purposes, as well as business purpose loans. It also offers mutual funds, annuities, and other investment products. In addition, the company sells fixed income securities; and provides hedging, loan brokerage, correspondent bank deposits, safe-keeping, bond accounting, asset/liability consulting, international wires, clearing and corporate checking account, and other correspondent banking related services. As of December 31, 2018, it operated 126 full service banking offices throughout Florida, Georgia, and Alabama; 1 loan production office in Florida; and 1 loan production office in Macon, Georgia. The company was formerly known as CenterState Banks, Inc. and changed its name to CenterState Bank Corporation in September 2017. CenterState Bank Corporation was founded in 1999 and is headquartered in Winter Haven, Florida.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/23 00:04|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.