This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Bank Director Names State Bank Financial Corp. Among Top Performing Banks In U.S.

Stocks in this article: STBZ

ATLANTA, Aug. 7, 2012 /PRNewswire/ -- State Bank Financial Corporation (NASDAQ: STBZ) once again has been named among the top performing banks in the United States, according to Bank Director magazine's 2012 Bank Performance Scorecard, a ranking of U.S. publicly traded banks and thrifts based on 2011 calendar-year financials.  The scorecard is a ranking of 467 U.S. financial institutions divided into four categories by asset size. State Bank ranked fourth among the 195 banks in the $1 billion-to-$5 billion-asset category. The next closest Georgia bank on the scorecard was ranked 104 th.

"The Bank Director ranking is a great way for State Bank to celebrate its third anniversary," said Joe Evans, chairman and CEO of State Bank. "We intend to continue building a customer-focused bank that we hope will be among the top-ranked banks in Bank Director's Scorecard for many years to come."  On July 24, 2009, State Bank consummated its first FDIC-assisted acquisition: acquiring the banking franchise of Macon, Georgia-based Security Bank Corp.  In total, State Bank has completed 12 acquisitions facilitated by the FDIC and continues to grow its presence in Middle Georgia and metro Atlanta.

In previous years Bank Director ranked the 150 largest public U.S. banks as a single group. Last year, State Bank ranked #1 on the 2011 Bank Performance Scorecard. This year Bank Director's editors broadened the list to include all publicly traded banks divided into categories by size.  

Bank Director's analysis, compiled by investment banking firm Sandler O'Neill + Partners, L.P., ranked institutions based on three critical areas: profitability, capital and asset quality. The scorecard uses "return on average assets," "return on average equity," and "ratio of tangible common equity to tangible assets" as a measurements of profitability and capital strength. The rankings also gauged a bank's "ratio of non-performing assets to loans and other real estate owned," and "ratio of net charge offs to average loans" to measure asset quality.

State Bank's composite ranking in these categories placed it fourth in its class.  It recorded a 1.17 percent return on average assets (#22 ranking), an 8.56 percent return on average equity (#60), 14.2 percent tangible common equity to tangible assets (#14), 0.48 percent non-performing assets to loans and other real estate owned (#2), and a 0.29 ratio of net charge offs to average loans (#43), for a composite score of 118.5.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs