Stonegate Bank reports higher quarterly earnings

Stonegate Bank reported increased earnings for the fourth quarter of 2015.

The Pompano Beach-based bank announced earnings of 56 cents per share on Thursday, slightly beating analysts’ predictions of 54 cents per share. Stonegate reported net income of $7.3 million for the quarter, up from $6.8 million for the previous quarter.

The bank has 21 branches across South Florida and the Tampa area and holds $2.4 billion in assets.