State Bank Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, total interest income was $5,910,000 against $5,059,000 last year. Net interest income was $5,625,000 against $4,765,000 last year. Income before provision (benefit) for income taxes was $2,789,000 against $2,024,000 last year. Net income was $1,842,000 or $0.23 per basic and diluted share against $1,190,000 or $0.16 per basic and diluted share last year. Return on average assets was 1.20% against 0.91% last year. Return on average equity was 12.71% against 9.69% last year. Return on average common equity, excluding acquisition related costs, net was 13.06% against 11.67% a year ago. Return on average assets, excluding acquisition related costs, net was 1.23% against 1.10% a year ago. Non-GAAP diluted earnings per share were $0.23 against $0.20 a year ago. Net income, excluding acquisition related costs, net was $1,893,000. Tangible book value was $6.31 against $6.79 last year.

For the nine months, total interest income was $16,885,000 against $11,525,000 last year. Net interest income was $16,038,000 against $10,788,000 last year. Income before provision (benefit) for income taxes was $7,308,000 against $4,713,000 last year. Net income was $4,754,000 or $0.59 per basic and diluted share against $2,864,000 or $0.45 per basic and diluted share last year.

For the third quarter ended September 30, 2016, the company reported net charge offs of $19,000 against $56,000 a year ago.