Park Sterling Corp (PSTB) Financial Statements (2024 and earlier)

Company Profile

Business Address 1043 E. MOREHEAD STREET
CHARLOTTE, NC 28204
State of Incorp. NC
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2017
MRQ
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 83,61470,52651,39055,067184,224
Cash and cash equivalents 83,61470,52651,39055,067184,224
Derivative instruments and hedges, assets  3,1931,154  
Disposal group, including discontinued operation   11,602  
Total current assets: 83,61473,71964,14655,067184,224
Noncurrent Assets
Property, plant and equipment 63,08055,65859,24755,92357,222
Intangible assets, net (including goodwill) 74,75548,30951,16035,04932,772
Goodwill 63,31729,19729,24026,42023,114
Intangible assets, net (excluding goodwill) 11,43819,11221,9208,6299,658
Total noncurrent assets: 137,835103,967110,40790,97289,994
Other undisclosed assets 3,033,9462,336,5782,184,6771,814,7511,758,415
TOTAL ASSETS: 3,255,3952,514,2642,359,2301,960,7902,032,633
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 285,000185,000125,00099610,143
Derivative instruments and hedges, liabilities  7,3254,008  
Total current liabilities: 285,000192,325129,00899610,143
Noncurrent Liabilities
Other undisclosed liabilities 2,614,5512,037,2351,955,1171,697,7111,746,949
Total liabilities: 2,899,5512,229,5602,084,1251,698,7071,757,092
Equity
Equity, attributable to parent, including: 355,844284,704275,105262,083275,541
Preferred stock     20,500
Common stock 53,11744,854   
Additional paid in capital 273,400222,596222,819222,559220,835
Accumulated other comprehensive income (loss) (3,282)(2,863)(1,475)(4,802)3,198
Retained earnings (accumulated deficit) 32,60920,1178,901(405)(13,568)
Other undisclosed equity, attributable to parent   44,86044,73144,576
Total equity: 355,844284,704275,105262,083275,541
TOTAL LIABILITIES AND EQUITY: 3,255,3952,514,2642,359,2301,960,7902,032,633

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

9/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues 133,895102,64996,837  
Net investment income 118,89588,81284,935  
Cost of revenue
(Financial Services Costs)
 (2,630)(723) (746)(2,023)
Gross profit: 131,265101,92696,837(746)(2,023)
Operating expenses (78,610)(62,126)(65,604)(40,102)(34,415)
Other operating income, net
(Noninterest Income, Other Operating Income)
  5102,5211,785634
Operating income (loss): 52,65540,31033,754(39,063)(35,804)
Nonoperating income 2,7092,7493,6473,9241,517
Gains on sales of other real estate   5322,061253
Bank owned life insurance income 2,7092,7492,6881,8631,264
Interest and debt expense (14,475)(7,931)(7,655)(6,382)(6,570)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (11,320)(10,380)(10,799)64,18547,506
Income from continuing operations before income taxes: 29,56924,74818,94722,6646,649
Income tax expense (9,621)(8,142)(6,058)(7,359)(2,306)
Income from continuing operations: 19,94816,60612,88915,3054,343
Income before gain (loss) on sale of properties: 19,94816,60612,88915,3054,343
Net income attributable to parent: 19,94816,60612,88915,3054,343
Preferred stock dividends and other adjustments    (353)(51)
Net income available to common stockholders, diluted: 19,94816,60612,88914,9524,292

Comprehensive Income ($ in thousands)

9/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income: 19,94816,60612,88915,3054,343
Other comprehensive income (loss) (419)(1,388)3,327(8,000)318
Comprehensive income, net of tax, attributable to parent: 19,52915,21816,2167,3054,661

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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