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State Bank Financial Corporation Reports First Quarter 2015 Financial Results

ATLANTA, April 23, 2015 -- State Bank Financial Corporation today announced unaudited financial results for the quarter ended March 31, 2015. Net income for the first quarter of 2015 was $9.2 million, compared to $4.3 million for the first quarter of 2014 and $7.6 million for the fourth quarter of 2014. Fully diluted earnings per share were $.25 in the first quarter of 2015 compared to $.13 in the first quarter of 2014 and $.22 in the fourth quarter of 2014.

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State Bank Financial Corporation Completes Merger with Georgia-Carolina Bancshares, Inc.

ATLANTA, January 2, 2015 – State Bank Financial Corporation announced the completion of its merger with Georgia-Carolina Bancshares, Inc. (OTCQB: GECR). The merger was completed on January 1, 2015, at which time Georgia-Carolina Bancshares was merged into State Bank Financial. First Bank of Georgia, a wholly-owned bank subsidiary of Georgia-Carolina Bancshares, will initially remain a separate bank subsidiary of State Bank Financial.

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