NasdaqGS:CSFL

Stock Analysis Report

Executive Summary

CenterState Bank Corporation operates as the holding company for CenterState Bank, N.A.

Snowflake

Fundamentals

Flawless balance sheet established dividend payer.


Similar Companies

Share Price & News

How has CenterState Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.5%

NasdaqGS:CSFL

0.3%

US Banks

0.9%

US Market


1 Year Return

-24.5%

NasdaqGS:CSFL

-13.6%

US Banks

0.3%

US Market

CSFL underperformed the Banks industry which returned -13.6% over the past year.

CSFL underperformed the Market in United States of America which returned 0.3% over the past year.


Share holder returns

CSFLIndustryMarket
7 Day0.5%0.3%0.9%
30 Day-0.6%-5.1%-1.9%
90 Day-0.4%-3.5%1.6%
1 Year-23.2%-24.5%-11.2%-13.6%2.6%0.3%
3 Year36.9%32.2%43.6%33.7%41.0%31.8%
5 Year131.8%121.2%53.7%37.0%55.2%38.0%

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

Valuation

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

28%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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 Based on Earnings

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

CenterState Bank is good value based on expected growth next year.


Price Based on Value of Assets

CenterState Bank is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is CenterState Bank expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

17.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

CenterState Bank's revenue is expected to grow by 9.9% yearly, however this is not considered high growth (20% yearly).

CenterState Bank's earnings are expected to grow by 17.8% yearly, however this is not considered high growth (20% yearly).

CenterState Bank's revenue growth is expected to exceed the United States of America market average.

CenterState Bank's earnings growth is expected to exceed the United States of America market average.

CenterState Bank's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

CenterState Bank is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has CenterState Bank performed over the past 5 years?

48.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 (104.8% vs 48.1%)

CenterState Bank's earnings growth has exceeded the US Banks industry average in the past year (104.8% vs 33.2%).


Return on Equity

CenterState Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

CenterState Bank used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

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.


Next Steps

Financial Health

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


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

CenterState Bank has an acceptable proportion of non-loan assets held.

CenterState Bank has a sufficient allowance for bad loans.

CenterState Bank's liabilities are made up of primarily low risk sources of funding.

CenterState Bank's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at CenterState Bank are broadly funded by customer deposits.

CenterState Bank has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

2.02%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase CenterState Bank before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

CenterState Bank's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).

CenterState Bank's dividend is below the markets top 25% of dividend payers in United States of America (3.83%).

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

Dividends paid are well covered by earnings (4.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (4.5x coverage).


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

John Corbett (50yo)

4.1yrs

Tenure

US$2,443,374

Compensation

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

John's remuneration is lower than average for companies of similar size in United States of America.

John's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.1yrs

Average Tenure

54yo

Average Age

The tenure for the CenterState Bank management team is about average.


Board Age and Tenure

11.3yrs

Average Tenure

67.5yo

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.


Insider Trading

More shares have been bought than sold by CenterState Bank individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$82,32712 Aug 19
Thomas Oakley
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,575
Max PriceUS$23.03
SellUS$392,46518 Mar 19
George Nunez
EntityIndividual
Role
Member of the Board of Directors
Director
Shares15,000
Max PriceUS$26.16
BuyUS$50,93520 Dec 18
Ernest Pinner
EntityIndividual
Role
Chairman of the Board
Executive Chairman of the Board
Shares2,425
Max PriceUS$21.07
BuyUS$20,86819 Dec 18
Daniel Bockhorst
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Credit Officer
Shares1,000
Max PriceUS$20.87
BuyUS$21,05718 Dec 18
John Corbett
EntityIndividual
Role
Chief Executive Officer
President
Shares1,000
Max PriceUS$21.06
BuyUS$77,02014 Dec 18
David Salyers
EntityIndividual
Shares3,500
Max PriceUS$22.50
BuyUS$29,83010 Dec 18
William Pou
EntityIndividual
Shares1,300
Max PriceUS$22.95
BuyUS$99,86607 Dec 18
Charles McPherson
EntityIndividual
Role
Vice Chairman
Vice Chairman & Independent Lead Director
Shares4,000
Max PriceUS$24.97
BuyUS$45,82007 Dec 18
David Salyers
EntityIndividual
Shares2,000
Max PriceUS$22.91
SellUS$228,75004 Sep 18
James Bingham
EntityIndividual
Role
Member of the Board of Directors
Director
Shares7,500
Max PriceUS$30.50

Ownership Breakdown


Management Team

  • Will Matthews (54yo)

    Chief Financial Officer

    • Tenure: 0.3yrs
  • Ernie Pinner (72yo)

    Executive Chairman of the Board

    • Tenure: 15.6yrs
    • Compensation: US$1.12m
  • Beth DeSimone (59yo)

    Chief Risk Officer

    • Tenure: 2.3yrs
  • Shaun Merriman

    President of West Florida Region

    • Tenure: 0.0yrs
  • John Corbett (50yo)

    President

    • Tenure: 4.1yrs
    • Compensation: US$2.44m
  • Ed Kofman

    Managing Director To Head The Loan Trading & Hedge Desk

    • Tenure: 5.5yrs
  • Steve Young (42yo)

    Executive VP & COO

    • Tenure: 3.3yrs
    • Compensation: US$1.35m
  • Dan Bockhorst (55yo)

    Executive VP & Chief Credit Officer

    • Tenure: 1.6yrs
    • Compensation: US$766.61k
  • Jennifer Idell (44yo)

    Executive VP & Chief Administrative Officer

    • Tenure: 0.3yrs
    • Compensation: US$790.34k
  • Nathan Goodnight

    Senior Vice President of the Correspondent Division

    • Tenure: 1.9yrs

Board Members

  • Thomas Oakley (76yo)

    Director

    • Tenure: 17.6yrs
    • Compensation: US$71.42k
  • Ernie Pinner (72yo)

    Executive Chairman of the Board

    • Tenure: 15.6yrs
    • Compensation: US$1.12m
  • James Bingham (70yo)

    Director

    • Tenure: 20.6yrs
    • Compensation: US$89.72k
  • Griffin Greene (60yo)

    Director

    • Tenure: 7.3yrs
    • Compensation: US$81.22k
  • Charles McPherson (71yo)

    Vice Chairman & Independent Lead Director

    • Tenure: 0.0yrs
    • Compensation: US$89.87k
  • George Nunez (66yo)

    Director

    • Tenure: 15.6yrs
    • Compensation: US$104.62k
  • John Corbett (50yo)

    President

    • Tenure: 4.1yrs
    • Compensation: US$2.44m
  • Michael Ciferri (69yo)

    Director

    • Tenure: 5.5yrs
    • Compensation: US$80.17k
  • Charles Carlton (66yo)

    Director

    • Tenure: 11.3yrs
    • Compensation: US$76.62k
  • Mark Thompson (55yo)

    Director

    • Tenure: 1.6yrs
    • Compensation: US$820.30k

Company Information

CenterState Bank Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CenterState Bank Corporation
  • Ticker: CSFL
  • Exchange: NasdaqGS
  • Founded: 1999
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$2.991b
  • Shares outstanding: 129.03m
  • Website: https://www.centerstatebank.com

Number of Employees


Location

  • CenterState Bank Corporation
  • 1101 First Street South
  • Suite 202
  • Winter Haven
  • Florida
  • 33880
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CSFLNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 2001

Biography

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 compan ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 23:33
End of Day Share Price2019/08/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.