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Park Sterling Corp (PSTB.OQ)

PSTB.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Park Sterling says upon termination of deal with South State, under specified circumstances, party to pay other termination fee of $25 mln
Monday, 1 May 2017 07:55pm EDT 

May 1 (Reuters) - Park Sterling Corp :Park Sterling says upon termination of deal with South State, under specified circumstances, party to pay other termination fee of $25 million - SEC filing.  Full Article

Park Sterling Q1 adjusted non-gaap EPS $0.14 excluding items
Thursday, 27 Apr 2017 07:01am EDT 

April 27 (Reuters) - Park Sterling Corp :Park sterling corporation announces results for first quarter 2017.Q1 adjusted non-gaap earnings per share $0.14 excluding items.Q1 earnings per share $0.14.Park sterling corp- net interest income totaled $27.1 million in 2017q1, which represents a $0.5 million, or 2%, increase from $26.6 million in 2016q4.Net interest margin was 3.68% in 2017q1, representing a 10 basis point decrease from 3.78% in 2016q1.Park sterling corp- at march 31, 2017 common equity tier 1 at 11.04% and tier 1 leverage ratio at 9.99%.Q1 earnings per share view $0.13, revenue view $26.4 million -- Thomson Reuters I/B/E/S.  Full Article

South State Corporation announces merger with Park Sterling Corporation
Thursday, 27 Apr 2017 07:00am EDT 

April 27 (Reuters) - South State Corp :South State Corporation announces merger with Park Sterling Corporation.South State Corp - combining two companies will create a $14.5 billion in assets franchise.South State Corp - merger agreement has been unanimously approved by board of directors of each company.South State Corp - shareholders of Park Sterling Corporation will receive 0.14 shares of south state common stock for each share of Park Sterling common stock.South State Corp - deal aggregate consideration is valued at approximately $690.8 million in aggregate.South State Corp - upon consummation of merger, Cherry will be appointed to combined company's board of directors.South State Corp - at deal closing, Park Sterling Corporation will be merged into South State Corporation.South State Corp - Park Sterling's bank subsidiary, Park Sterling Bank, will be merged into South State's bank subsidiary, South State Bank.  Full Article

Park Sterling Corp posts Q4 adjusted earnings $0.14/shr
Thursday, 26 Jan 2017 07:00am EST 

Park Sterling Corp : Park Sterling Corporation announces results for fourth quarter 2016 . Q4 earnings per share $0.10 . Q4 earnings per share view $0.14 -- Thomson Reuters I/B/E/S . Qtrly net interest income totaled $26.6 million in 2016Q4, a 3 percent increase from 2016Q3 . Qtrly adjusted earnings per share $0.14 .Qtrly net interest margin was 3.58 pct in 2016Q4, representing a 4 basis point increase from 3.54 pct in 2016q3.  Full Article

Park Sterling Corp reports Q3 eps $0.12
Thursday, 27 Oct 2016 07:00am EDT 

Park Sterling Corp - : Park sterling corporation announces results for third quarter 2016 . Q3 earnings per share $0.12 . Q3 earnings per share view $0.13 -- Thomson Reuters I/B/E/S . Q3 adjusted earnings per share $0.14 excluding items . Park sterling - net interest income totaled $25.8 million in q3, which represents a $227 thousand, or 1%, decrease from $26.1 million in q2 .Net interest margin was 3.54% in q3, representing a 15 basis point decrease from 3.69% in q2.  Full Article

Park Sterling Corporation announces early termination of existing loss share agreements with FDIC
Monday, 29 Aug 2016 07:00am EDT 

: Park sterling corporation announces early termination of existing loss share agreements with FDIC . Says unit Park Sterling Bank entered into an agreement with FDIC . Says entered into an agreement with FDIC on August 26, 2016 to terminate bank's existing loss share agreements with FDIC . Park Sterling Bank made a net payment of $4.4 million to fdic as consideration for early termination of loss share agreements .Park Sterling Corp says assets that were covered by loss share agreements at June 30, 2016, will be reclassified as non-covered at Sept 30, 2016.  Full Article

Park Sterling Corp announces CFO change
Friday, 5 Feb 2016 04:30pm EST 

Park Sterling Corp:David L. Gaines is stepping away from his role as Chief Financial Officer, and that Donald K. Truslow is joining the Company to assume that position.Gaines will remain with Park Sterling through the end of March.  Full Article

Park Sterling Corp declares regular quarterly cash dividend
Wednesday, 28 Oct 2015 04:00pm EDT 

Park Sterling Corp:Declares regular quarterly cash dividend to its common shareholders of $0.03 per common share.Payable on Nov.25 to all shareholders of record as of the close of business on Nov. 11.  Full Article

Park Sterling Corporation and First Capital Bancorp Inc to merge
Thursday, 1 Oct 2015 07:00am EDT 

Park Sterling Corporation and First Capital Bancorp Inc:Signs merger agreement under which Park Sterling will acquire First Capital for a total transaction value of about $82.5 million.Says the merger agreement has been approved by the board of directors of each company.Says closing of the transaction, which is expected to occur in the Q1 2016.  Full Article

Park Sterling Corporation announces quarterly cash dividend on common shares
Wednesday, 22 Jul 2015 04:00pm EDT 

Park Sterling Corporation:Declared a regular quarterly cash dividend to its common shareholders of $0.03 per common share.Payable on Aug. 19 to all shareholders of record as of the close of business on Aug. 05.  Full Article

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