Stonegate Bank (SGBK) Misses Q3 EPS by 4c

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Go back to Stonegate Bank (SGBK) Misses Q3 EPS by 4c

Stonegate Bank Announces Third Quarter 2016 Operating Results

October 26, 2016 5:01 PM EDT

POMPANO BEACH, FL -- (Marketwired) -- 10/26/16 -- Stonegate Bank (NASDAQ: SGBK) ("Stonegate") reported net income of $6.6 million for the third quarter of 2016 or $0.49 per diluted common share ($0.55 per common share net operating income, a non-GAAP measurement described below), as compared to net income of $6.7 million for the second 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 and excludes certain activities or transactions, such as... More