CenterState Bank Corporation (CSFL) Financial Statements (2024 and earlier)

Company Profile

Business Address 1101 FIRST ST. S.
WINTER HAVEN, FL 33880
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2020
MRQ
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 495,045369,070287,396188,037154,589161,833
Cash and cash equivalents 490,058367,333280,619175,654152,482158,413
Short-term investments 4,9871,7376,77712,3832,1073,420
Disposal group, including discontinued operation      3,926
Total current assets: 495,045369,070287,396188,037154,589165,759
Noncurrent Assets
Operating lease, right-of-use asset 32,163
Property, plant and equipment 296,706227,454141,886114,815101,82198,848
Intangible assets, net (including goodwill) 1,300,081872,058282,297122,23789,74092,140
Goodwill 1,204,417802,880257,683106,02876,73976,739
Intangible assets, net (excluding goodwill) 95,66469,17824,61416,20913,00115,401
Total noncurrent assets: 1,628,9501,099,512424,183237,052191,561190,988
Other undisclosed assets 15,018,03010,869,0066,412,3964,653,4703,676,5673,420,122
TOTAL ASSETS: 17,142,02512,337,5887,123,9755,078,5594,022,7173,776,869
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 254,141418,772227,08028,42752,47227,022
Total current liabilities: 254,141418,772227,08028,42752,47227,022
Noncurrent Liabilities
Other undisclosed liabilities 13,991,1669,947,4725,992,1454,497,6753,479,7313,297,370
Total liabilities: 14,245,30710,366,2446,219,2254,526,1023,532,2033,324,392
Equity
Equity, attributable to parent 2,896,7181,971,344904,750552,457490,514452,477
Common stock 1,252957602482455453
Additional paid in capital 2,407,3851,699,031737,905430,459393,191388,698
Accumulated other comprehensive income (loss) 22,401(22,421)(7,005)(8,574)1,4384,053
Retained earnings 465,680293,777173,248130,09095,43059,273
Total equity: 2,896,7181,971,344904,750552,457490,514452,477
TOTAL LIABILITIES AND EQUITY: 17,142,02512,337,5887,123,9755,078,5594,022,7173,776,869

Income Statement (P&L) ($ in thousands)

3/31/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 685,332460,632267,823202,229174,008150,270
Net investment income 685,332460,632251,326188,665162,320138,227
Cost of revenue (10,585)(8,283)(4,958)(4,962)(600)(554)
Provision for loan, lease, and other losses (10,585)(8,283)
Financial services costs(4,958)(4,962)(600)(554)
Gross profit: 674,747452,349262,865197,267173,408149,716
Operating expenses (87,740)(65,517)(149,512)(136,326)(106,539)(108,722)
Operating income: 587,007386,832113,35360,94166,86940,994
Nonoperating income 7,8015,9763,2862,5472,3503,389
Investment income, nonoperating   (7)134834
Gains on sales of other real estate      788
Bank owned life insurance income 7,8015,9763,2932,5342,3461,767
Interest and debt expense (99,604)(47,550)(15,783)(9,340)(7,286)(7,356)
Income from continuing operations before equity method investments, income taxes: 495,204345,258100,85654,14861,93337,027
Other undisclosed income (loss) from continuing operations before income taxes (200,908)(147,799)8,41910,103(24)(16,937)
Income from continuing operations before income taxes: 294,296197,459109,27564,25161,90920,090
Income tax expense (67,698)(41,024)(53,480)(21,910)(22,571)(7,126)
Income from continuing operations: 226,598156,43555,79542,34139,33812,964
Income before gain (loss) on sale of properties: 226,598156,43555,79542,34139,33812,964
Net income: 226,598156,43555,79542,34139,33812,964
Net loss attributable to noncontrolling interest (1,202)     
Net income attributable to parent: 225,396156,43555,79542,34139,33812,964
Undistributed earnings (loss) allocated to participating securities, basic (88)(116)(120)
Other undisclosed net loss available to common stockholders, basic    (163)(212)(17)
Net income available to common stockholders, diluted: 225,308156,31955,67542,17839,12612,947

Comprehensive Income ($ in thousands)

3/31/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income: 226,598156,43555,79542,34139,33812,964
Other undisclosed comprehensive income 44,822     
Comprehensive income: 271,420156,43555,79542,34139,33812,964
Comprehensive loss, net of tax, attributable to noncontrolling interest (1,202)     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (15,416)2,810(10,012)(2,615)8,537
Comprehensive income, net of tax, attributable to parent: 270,218141,01958,60532,32936,72321,501

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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