Park Sterling (PSTB) Tops Q1 EPS by 1c

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Park Sterling Corporation Announces Results for First Quarter 2015

April 23, 2015 7:00 AM EDT

CHARLOTTE, NC -- (Marketwired) -- 04/23/15 --

Park Sterling Corporation (NASDAQ: PSTB), the holding company for Park Sterling Bank, today released unaudited results of operations and other financial information for the first quarter of 2015. Highlights at and for the three months ended March 31, 2015 include:

Highlights

Net income increased $327,000 (9%) to $3.8 million, or $0.09 per share, compared to $3.5 million, or $0.08 per share, in the quarter ended December 31, 2014 Organic loan growth of $34.2 million, or 9% annualized growth rate Core deposit growth of $39.4 million, or 10%... More