Loading...

CenterState Bank

Nasdaq:CSFL
Snowflake Description

Flawless balance sheet with high growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CSFL
Nasdaq
$3B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

CenterState Bank Corporation operates as the holding company for CenterState Bank, N.A. The last earnings update was 51 days ago. More info.


Add to Portfolio Compare Print
CSFL Share Price and Events
7 Day Returns
-1.1%
NasdaqGS:CSFL
0.7%
US Banks
-0.3%
US Market
1 Year Returns
-10.3%
NasdaqGS:CSFL
-4.7%
US Banks
7%
US Market
CSFL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CenterState Bank (CSFL) -1.1% 0.5% 2.3% -10.3% 51.7% 127.7%
US Banks 0.7% 3.5% 3.1% -4.7% 43% 50.2%
US Market -0.3% 2.2% 8.5% 7% 37.7% 46.8%
1 Year Return vs Industry and Market
  • CSFL underperformed the Banks industry which returned -4.7% over the past year.
  • CSFL underperformed the Market in United States of America which returned 7% over the past year.
Price Volatility
CSFL
Industry
5yr Volatility vs Market

Value

 Is CenterState Bank undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of CenterState Bank to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for CenterState Bank.

NasdaqGS:CSFL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 7 analysts.
= Stable Book Value * Return on Equity
= $23.59 * 11.2%
$2.64
Book Value of Equity per Share Weighted future Book Value estimates from 8 analysts. $23.59
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:CSFL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.63
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.631 (1 + (1- 21%) (26.29%))
0.841
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.841 * 5.96%)
7.74%

Discounted Cash Flow Calculation for NasdaqGS:CSFL using Excess Returns Model Model

The calculations below outline how an intrinsic value for CenterState Bank is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:CSFL Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.2% – 7.74%) * $23.59)
$0.81
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.81 / (7.74% - 2.73%)
$16.22
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $23.59 + $16.22
$39.81
NasdaqGS:CSFL Discount to Share Price
Calculation Result
Value per share (USD) From above. $39.81
Current discount Discount to share price of $24.43
= -1 x ($24.43 - $39.81) / $39.81
38.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price CenterState Bank is available for.
Intrinsic value
39%
Share price is $24.43 vs Future cash flow value of $39.81
Current Discount Checks
For CenterState Bank to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CenterState Bank's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • CenterState Bank's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CenterState Bank's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CenterState Bank's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CSFL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.78
NasdaqGS:CSFL Share Price ** NasdaqGS (2019-04-18) in USD $24.43
United States of America Banks Industry PE Ratio Median Figure of 587 Publicly-Listed Banks Companies 12.95x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CenterState Bank.

NasdaqGS:CSFL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CSFL Share Price ÷ EPS (both in USD)

= 24.43 ÷ 1.78

13.7x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CenterState Bank is overvalued based on earnings compared to the US Banks industry average.
  • CenterState Bank is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does CenterState Bank's expected growth come at a high price?
Raw Data
NasdaqGS:CSFL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
32.3%per year
United States of America Banks Industry PEG Ratio Median Figure of 262 Publicly-Listed Banks Companies 1.29x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NasdaqGS:CSFL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.7x ÷ 32.3%

0.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CenterState Bank is good value based on expected growth next year.
Price based on value of assets
What value do investors place on CenterState Bank's assets?
Raw Data
NasdaqGS:CSFL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $20.60
NasdaqGS:CSFL Share Price * NasdaqGS (2019-04-18) in USD $24.43
United States of America Banks Industry PB Ratio Median Figure of 592 Publicly-Listed Banks Companies 1.23x
United States of America Market PB Ratio Median Figure of 5,182 Publicly-Listed Companies 1.91x
NasdaqGS:CSFL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CSFL Share Price ÷ Book Value per Share (both in USD)

= 24.43 ÷ 20.60

1.19x

* Primary Listing of CenterState Bank.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CenterState Bank is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess CenterState Bank's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. CenterState Bank has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is CenterState Bank expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
32.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CenterState Bank expected to grow at an attractive rate?
  • CenterState Bank's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • CenterState Bank's earnings growth is expected to exceed the United States of America market average.
  • CenterState Bank's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CSFL Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:CSFL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 32.3%
NasdaqGS:CSFL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 23.2%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 4.2%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:CSFL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:CSFL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 833 310 7
2019-12-31 728 245 7
NasdaqGS:CSFL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 510 193 156
2018-09-30 440 110 108
2018-06-30 392 92 92
2018-03-31 348 47 75
2017-12-31 295 23 56
2017-09-30 278 61 70
2017-06-30 260 54 63
2017-03-31 245 68 64
2016-12-31 238 37 42
2016-09-30 225 42 37
2016-06-30 211 46 31
2016-03-31 198 33 25

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CenterState Bank's earnings are expected to grow significantly at over 20% yearly.
  • CenterState Bank's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:CSFL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from CenterState Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CSFL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.36 2.40 2.21 8.00
2019-12-31 2.04 2.20 1.79 8.00
NasdaqGS:CSFL Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.78
2018-09-30 1.37
2018-06-30 1.28
2018-03-31 1.14
2017-12-31 0.97
2017-09-30 1.29
2017-06-30 1.23
2017-03-31 1.31
2016-12-31 0.89
2016-09-30 0.78
2016-06-30 0.67
2016-03-31 0.55

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • CenterState Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess CenterState Bank's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CenterState Bank has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has CenterState Bank performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare CenterState Bank's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CenterState Bank has delivered over 20% year on year earnings growth in the past 5 years.
  • CenterState Bank's 1-year earnings growth exceeds its 5-year average (180.8% vs 46.3%)
  • CenterState Bank's earnings growth has exceeded the US Banks industry average in the past year (180.8% vs 42.6%).
Earnings and Revenue History
CenterState Bank's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CenterState Bank Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CSFL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 509.93 156.32 225.99
2018-09-30 440.25 107.61 200.83
2018-06-30 391.72 91.66 183.69
2018-03-31 348.09 74.72 167.66
2017-12-31 294.54 55.68 143.54
2017-09-30 277.76 69.73 136.34
2017-06-30 259.56 63.05 129.05
2017-03-31 244.65 63.54 122.12
2016-12-31 238.42 42.18 119.24
2016-09-30 224.71 36.55 112.86
2016-06-30 211.08 31.09 108.38
2016-03-31 198.42 25.23 104.05
2015-12-31 187.99 39.13 101.99
2015-09-30 183.28 36.05 102.68
2015-06-30 177.73 29.78 103.93
2015-03-31 167.38 20.99 102.26
2014-12-31 156.27 12.95 97.79
2014-09-30 141.68 7.48 92.48
2014-06-30 135.31 7.00 86.26
2014-03-31 129.05 8.72 82.74
2013-12-31 128.52 12.24 83.19
2013-09-30 131.53 12.68 84.22
2013-06-30 132.62 12.21 87.19
2013-03-31 138.08 13.17 91.27
2012-12-31 136.06 9.91 92.43
2012-09-30 114.16 21.75 92.34
2012-06-30 102.78 17.12 88.94

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • CenterState Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • CenterState Bank used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if CenterState Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess CenterState Bank's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CenterState Bank has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is CenterState Bank's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of CenterState Bank's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from CenterState Bank Company Filings, last reported 3 months ago.

NasdaqGS:CSFL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,971.34 838.44 433.20
2018-09-30 1,913.16 823.71 689.04
2018-06-30 1,540.25 723.05 464.94
2018-03-31 1,517.85 704.40 457.32
2017-12-31 904.75 628.02 312.89
2017-09-30 909.62 451.08 329.16
2017-06-30 890.26 370.55 340.21
2017-03-31 634.40 368.24 314.59
2016-12-31 552.46 349.06 219.85
2016-09-30 552.77 376.28 264.24
2016-06-30 537.97 297.29 348.79
2016-03-31 519.46 283.20 364.74
2015-12-31 490.51 296.64 173.21
2015-09-30 479.81 213.86 229.70
2015-06-30 468.44 243.81 156.63
2015-03-31 463.07 254.14 257.36
2014-12-31 452.48 202.93 161.83
2014-09-30 442.36 100.80 211.22
2014-06-30 439.46 104.32 516.10
2014-03-31 333.16 98.10 220.26
2013-12-31 273.38 69.86 174.89
2013-09-30 272.74 85.31 107.21
2013-06-30 271.42 93.10 103.56
2013-03-31 276.23 84.22 176.70
2012-12-31 273.53 76.71 141.80
2012-09-30 273.84 84.58 103.13
2012-06-30 269.32 96.06 117.87
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • CenterState Bank has an acceptable proportion of non-loan assets held.
  • CenterState Bank's liabilities are made up of primarily low risk sources of funding.
  • Loans at CenterState Bank are broadly funded by customer deposits.
  • CenterState Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • CenterState Bank has a sufficient allowance for bad loans.
  • CenterState Bank has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess CenterState Bank's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CenterState Bank has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is CenterState Bank's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.8%
Current annual income from CenterState Bank dividends. Estimated to be 1.99% next year.
If you bought $2,000 of CenterState Bank shares you are expected to receive $36 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • CenterState Bank's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
  • CenterState Bank's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:CSFL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 472 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:CSFL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.51 8.00
2019-12-31 0.46 8.00
NasdaqGS:CSFL Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-18 0.440 1.759
2018-10-19 0.400 1.728
2018-07-26 0.400 1.379
2018-04-27 0.400 1.306
2018-04-24 0.400 1.407
2018-02-28 0.400 1.470
2018-01-30 0.400 1.486
2017-07-20 0.240 0.930
2017-05-01 0.240 0.967
2017-02-22 0.240 0.951
2016-11-28 0.160 0.647
2016-08-22 0.160 0.862
2016-05-05 0.160 1.000
2016-02-22 0.160 1.060
2015-08-24 0.080 0.545
2015-05-06 0.080 0.599
2015-05-04 0.040 0.327
2015-03-05 0.040 0.331
2014-11-03 0.040 0.350
2014-08-05 0.040 0.379
2014-05-06 0.040 0.368
2014-03-05 0.040 0.369
2013-11-04 0.040 0.382
2013-08-06 0.040 0.410
2013-02-28 0.040 0.458
2012-11-05 0.040 0.481
2012-08-06 0.040 0.472
2012-05-07 0.040 0.545
2012-04-23 0.040 0.510
2012-03-13 0.040 0.510
2011-11-02 0.040 0.629
2011-08-05 0.040 0.719
2011-07-25 0.040 0.626
2011-05-10 0.040 0.629
2011-04-26 0.040 0.677
2011-03-16 0.040 0.596
2010-11-09 0.040 0.542
2010-08-04 0.040 0.475
2010-05-04 0.040 0.384
2010-03-04 0.040 0.322
2009-05-07 0.040 0.454
2009-04-24 0.160 1.429
2009-04-21 0.160 1.369

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of CenterState Bank's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.6x coverage).
X
Income/ dividend checks
We assess CenterState Bank's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CenterState Bank afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CenterState Bank has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of CenterState Bank's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Corbett
COMPENSATION $2,088,108
AGE 49
TENURE AS CEO 3.8 years
CEO Bio

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 Bank of Florida NA, a subsidiary of CenterState Bank Corporation since 2003. He has been Chief Executive Officer and Director of CenterState Bank, N.A. since 2003. Mr. Corbett served as an Executive Vice President of CenterState Bank Corporation since November 19, 2007. He has been actively involved with Centerstate Bank of Florida since 1999. He served with Wachovia Bank for ten years where he started his banking career. He has been a Director of CenterState Bank Corporation since February 1, 2011. He has served on the Board of numerous civic organizations including the Florida Bankers Association, Central Florida Economic Development Council, Geneva Classical Academy, Lake Wales Chamber of Commerce, Faith Baptist Church and the Winter Haven Planning Commission. He is a graduate of Bob Jones University in Greenville, SC.

CEO Compensation
  • John's compensation has increased by more than 20% in the past year.
  • John's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the CenterState Bank management team in years:

2.5
Average Tenure
53
Average Age
  • The tenure for the CenterState Bank management team is about average.
Management Team

Ernie Pinner

TITLE
Executive Chairman of the Board
COMPENSATION
$1M
AGE
71

John Corbett

TITLE
President
COMPENSATION
$2M
AGE
49
TENURE
3.8 yrs

Steve Young

TITLE
Executive VP & COO
COMPENSATION
$1M
AGE
41
TENURE
3 yrs

Jennifer Idell

TITLE
Executive VP & Chief Administrative Officer
COMPENSATION
$767K
AGE
43

Dan Bockhorst

TITLE
Executive VP & Chief Credit Officer
COMPENSATION
$767K
AGE
54
TENURE
1.3 yrs

Will Matthews

TITLE
Chief Financial Officer
AGE
53

Beth DeSimone

TITLE
Chief Risk Officer
AGE
58
TENURE
1.9 yrs

Ed Kofman

TITLE
Managing Director To Head The Loan Trading & Hedge Desk
TENURE
5.2 yrs

Shaun Merriman

TITLE
President of West Florida Region

Nathan Goodnight

TITLE
Senior Vice President of the Correspondent Division
TENURE
1.6 yrs
Board of Directors Tenure

Average tenure and age of the CenterState Bank board of directors in years:

10.9
Average Tenure
66.5
Average Age
  • The average tenure for the CenterState Bank board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

John Corbett

TITLE
President
COMPENSATION
$2M
AGE
49
TENURE
8.2 yrs

Charles McPherson

TITLE
Vice Chairman & Independent Lead Director
COMPENSATION
$90K
AGE
70

Ernie Pinner

TITLE
Executive Chairman of the Board
COMPENSATION
$1M
AGE
71
TENURE
15.3 yrs

George Nunez

TITLE
Director
COMPENSATION
$105K
AGE
65
TENURE
15.3 yrs

Charles Carlton

TITLE
Director
COMPENSATION
$77K
AGE
65
TENURE
10.9 yrs

Griffin Greene

TITLE
Director
COMPENSATION
$81K
AGE
59
TENURE
7 yrs

Michael Ciferri

TITLE
Director
COMPENSATION
$80K
AGE
68
TENURE
5.2 yrs

James Bingham

TITLE
Director
COMPENSATION
$90K
AGE
69
TENURE
20.3 yrs

Thomas Oakley

TITLE
Director
COMPENSATION
$71K
AGE
75
TENURE
17.3 yrs

Mark Thompson

TITLE
Director
AGE
54
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • CenterState Bank insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
18. Mar 19 Sell George Nunez Individual 18. Mar 19 18. Mar 19 -15,000 $26.16 $-392,465
20. Dec 18 Buy Ernest Pinner Individual 18. Dec 18 19. Dec 18 2,425 $21.07 $50,935
19. Dec 18 Buy Daniel Bockhorst Individual 18. Dec 18 18. Dec 18 1,000 $20.87 $20,868
18. Dec 18 Buy John Corbett Individual 18. Dec 18 18. Dec 18 1,000 $21.06 $21,057
14. Dec 18 Buy David Salyers Individual 13. Dec 18 14. Dec 18 3,500 $22.50 $77,020
10. Dec 18 Buy William Pou Individual 10. Dec 18 10. Dec 18 1,300 $22.95 $29,830
07. Dec 18 Buy Charles McPherson Individual 28. Nov 18 28. Nov 18 4,000 $24.97 $99,866
07. Dec 18 Buy David Salyers Individual 07. Dec 18 07. Dec 18 2,000 $22.91 $45,820
04. Sep 18 Sell James Bingham Individual 31. Aug 18 31. Aug 18 -7,500 $30.50 $-228,750
21. Jun 18 Buy Jody Dreyer Individual 20. Jun 18 20. Jun 18 200 $31.55 $6,310
23. May 18 Sell Ernest Pinner Individual 22. May 18 22. May 18 -38,307 $31.90 $-1,221,993
X
Management checks
We assess CenterState Bank's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CenterState Bank has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Many CenterState Bank Corporation (NASDAQ:CSFL) Shares Do Institutions Own?

If you want to know who really controls CenterState Bank Corporation (NASDAQ:CSFL), then you'll have to look at the makeup of its share registry. … CenterState Bank is a pretty big company. … See our latest analysis for CenterState Bank

Simply Wall St -

Three Key Risks For CenterState Bank Corporation (NASDAQ:CSFL) You Should Know

CenterState Bank Corporation (NASDAQ:CSFL) is a small-cap bank with a market capitalisation of US$3.1b. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting CenterState Bank’s bottom line. … Today we will analyse CenterState Bank’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank.

Simply Wall St -

Can These Factors Give You An Edge In CenterState Bank Corporation (NASDAQ:CSFL)?

As a small-cap finance stock with a market capitalisation of US$2.4b, the risk and profitability of CenterState Bank Corporation (NASDAQ:CSFL) are largely tied to the underlying economic growth of the region it operates in US. … These reforms target banking regulations and intends to enhance financial institutions’ ability to absorb shocks resulting from economic stress which could expose banks like CenterState Bank to vulnerabilities. … Strong management of leverage and liquidity could place the bank in a protected position at the face of macro headwinds.

Simply Wall St -

Is CenterState Bank Corporation's (NASDAQ:CSFL) CEO Paid Enough Relative To Peers?

How Does John Corbett's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that CenterState Bank Corporation has a market cap of US$2.5b, and is paying total annual CEO compensation of US$2.1m. … We looked at a group of companies with market capitalizations from US$2.0b to US$6.4b, and the median CEO compensation was US$4.7m.

Simply Wall St -

Is CenterState Bank's Share Price Gain Of 144% Well Earned?

And in the last month, the share price has gained -0.5%. … Over half a decade, CenterState Bank managed to grow its earnings per share at 34% a year. … The EPS growth is more impressive than the yearly share price gain of 20% over the same period.

Simply Wall St -

Don't Sell CenterState Bank Corporation (NASDAQ:CSFL) Before You Read This

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … CenterState Bank has a price to earnings ratio of 13.99, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

CenterState Bank Corporation (NASDAQ:CSFL) Investors Are Paying Above The Intrinsic Value

This is because the rules banks face are different to other companies, which can impact the way we forecast their cash flows. … The tiered capital structure is common for banks to abide by, in order to ensure they maintain a sufficient level of cash for their customers.

Simply Wall St -

How Many Insiders Sold CenterState Bank Corporation (NASDAQ:CSFL) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in CenterState Bank Corporation (NASDAQ:CSFL). … CenterState Bank Insider Transactions Over The Last Year. … Over the last year we saw more insider selling of CenterState Bank shares, than buying

Simply Wall St -

Can CenterState Bank Corporation (NASDAQ:CSFL) Survive The Next Financial Crisis?

As a small-cap finance stock with a market capitalisation of US$2.4b, the risk and profitability of CenterState Bank Corporation (NASDAQ:CSFL) are largely tied to the underlying economic growth of the region it operates in US. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like CenterState Bank to vulnerabilities. … Low levels of leverage coupled with sufficient liquidity may place CenterState Bank in a safe position in the face of adverse headwinds.

Simply Wall St -

Three Key Risks For CenterState Bank Corporation (NASDAQ:CSFL) You Should Know

As a small-cap bank with a market capitalisation of US$2.4b, CenterState Bank Corporation’s (NASDAQ:CSFL) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off CenterState Bank’s bottom line. … Today I will take you through some bad debt and liability measures to analyse the level of risky assets held by the bank.

Simply Wall St -

Company Info

Description

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 1989 and is headquartered in Winter Haven, Florida.

Details
Name: CenterState Bank Corporation
CSFL
Exchange: NasdaqGS
Founded: 1989
$3,188,590,700
130,519,472
Website: http://www.centerstatebank.com
Address: CenterState Bank Corporation
1101 First Street South,
Suite 202,
Winter Haven,
Florida, 33880,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CSFL Common Stock Nasdaq Global Select US USD 26. Jan 2001
Number of employees
Current staff
Staff numbers
2,113
CenterState Bank employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 23:33
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/04
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.