State Bank Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company's total interest income was $5,829,000 against $5,417,000 a year ago. Net interest income was $5,518,000 against $5,137,000 a year ago. Income before provision for income taxes was $2,415,000 against $2,221,000 a year ago. Net income was $1,849,000 against $1,433,000 a year ago. Basic and diluted EPS was $0.23 per share against $0.18 per share a year ago. Total revenue was $6,903,000 against $6,349,000 a year ago. Book value per share was $7.25 per share against $6.86 per share a year ago. Return on average assets was 1.18% against 0.98% a year ago. Return on average equity was 12.64% against 10.48% a year ago.

For the quarter, the company's net charge-offs were $15,000.