CenterState Bank Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported total interest income of $110,629 against $64,744 a year ago. Net interest income was $100,529 against $61,017 a year ago. Income before income tax was $40,573 against $21,283 a year ago. Net income was $32,163 against $15,233,000 a year ago. Net income allocated to common shares was $32,137 against $15,200 a year ago. Earnings per share diluted were $0.38 against $0.26 a year ago. Return on average assets (annualized) was 1.24% against 0.95% a year ago. Adjusted return on average assets (annualized) (Non-GAAP) was 1.66% against 1.37% a year ago. Return on average equity (annualized) was 8.44% against 7.27% a year ago. Adjusted return on average equity (annualized) (Non-GAAP) was 11.27% against 10.51% a year ago. Return on average tangible equity (annualized) (Non-GAAP) was 15.69% against 10.99% a year ago. Adjusted return on average tangible equity (annualized) (Non-GAAP) was 51.1% against 55.7% a year ago. Adjusted net income (Non-GAAP) was $42,923 against $22,002 a year ago. Adjusted net income per share - Diluted (Non-GAAP) was $0.50 against $0.37 a year ago. The company's effective tax rate in the second quarter was 20.7%.

For the six months, the company reported total interest income of $213,788 against $115,847 a year ago. Net interest income was $195,547 against $109,338 a year ago. Income before income tax was $81,333 against $45,068 a year ago. Net income was $67,799 against $31,833,000 a year ago. Net income allocated to common shares was $67,743 against $31,759 a year ago. Earnings per share diluted were $0.80 against $0.57 a year ago. Return on average assets (annualized) was 1.33% against 1.10% a year ago. Adjusted return on average assets (annualized) (Non-GAAP) was 1.67% against 1.35% a year ago. Return on average equity (annualized) was 9.00% against 8.83% a year ago. Adjusted return on average equity (annualized) (Non-GAAP) was 11.32% against 10.86% a year ago. Return on average tangible equity (annualized) (Non-GAAP) was 16.89% against 12.39% a year ago. Adjusted return on average tangible equity (annualized) (Non-GAAP) was 52.9% against 56.2% a year ago. Adjusted net income (Non-GAAP) was $85,223 against $39,128 a year ago. Adjusted net income per share - Diluted (Non-GAAP) was $1.00 against $0.71 a year ago.

For the year 2018, the company expects effective tax rate between 23% and 24%.