Stonegate Bank (SGBK) Tops Q1 EPS by 12c

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Go back to Stonegate Bank (SGBK) Tops Q1 EPS by 12c

Stonegate Bank Announces First Quarter 2015 Operating Results

April 27, 2015 7:59 PM EDT

POMPANO BEACH, FL -- (Marketwired) -- 04/27/15 -- Stonegate Bank (NASDAQ: SGBK) ("Stonegate") reported net income of $5.0 million for the first quarter of 2015 or $0.39 per diluted common share ($0.44 per share net operating income, a non-GAAP measurement described below), as compared to the fourth quarter of 2014 earnings of $5.2 million or $0.49 per diluted common share ($0.42 per share net operating income).

Net operating income is a non-GAAP financial measurement used by management to evaluate and monitor financial results of operations excluding certain non-recurring items such as... More