Stonegate Bank (SGBK) Tops Q2 EPS by 2c
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Stonegate Bank Announces Second Quarter 2016 Operating Results
July 26, 2016 5:00 PM EDTPOMPANO BEACH, FL -- (Marketwired) -- 07/26/16 -- Stonegate Bank (NASDAQ: SGBK) ("Stonegate") reported net income of $6.7 million for the second quarter of 2016 or $0.51 per diluted common share ($0.54 per common share net operating income, a non-GAAP measurement described below), as compared to net income of $6.7 million for the first quarter of 2016 or $0.51 per diluted common share.
Net operating income is a non-GAAP financial measurement used by management to evaluate and monitor financial results of operations excluding certain items determined by management to be unrelated... More
