Stonegate Bank (SGBK) Tops Q2 EPS by 3c

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Stonegate Bank Announces Second Quarter 2015 Operating Results

July 20, 2015 5:00 PM EDT

POMPANO BEACH, FL -- (Marketwired) -- 07/20/15 -- Stonegate Bank (NASDAQ: SGBK) ("Stonegate") reported net income of $6.0 million for the second quarter of 2015 or $0.46 per diluted common share ($0.53 per share net operating income, a non-GAAP measurement described below), as compared to net income of $5.0 million for the first quarter of 2015 earnings or $0.39 per diluted common share ($0.44 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... More