State Bank Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company's total revenue was $3,612,000 compared with $3,965,000 a year ago.

Net interest income was $3,019,000 compared with $2,864,000 a year ago. Net income was $700,000 or $0.12 per basic and diluted share compared with $681,000 or $0.12 per basic and diluted share a year ago. As on March 31, 2016, the company's book value per share was $6.52 compared to $6.04 a year ago.

Tangible book value per share was $6.52 compared to $6.04. Return on average assets was 0.86% compared with 0.85% a year ago. Return on average equity was 7.40% compared with 7.68% a year ago.

Net income, excluding acquisition related costs, net was $816,000 compared with $681,000 a year ago. Non-GAAP earnings per diluted share were $0.14 compared to $0.12 a year ago. Return on average common equity, excluding acquisition related costs, net was 8.26% compared with 7.68% a year ago.

Return on average assets, excluding acquisition related costs, net was 1.00% compared with 0.85% a year ago.