STBZ's Dividend Pay out Ratio	(Sep 30 2018) III. Quarter	(Jun 30 2018) II. Quarter	(Mar 31 2018) I. Quarter	(Dec 31 2017) IV. Quarter	(Sep 30 2017) III. Quarter
Earnings per Share	$ 0.46	$ 0.48	$ 0.44	$ 0.14	$ 0.37
Dividend	$ 0.2	$ 0.2	$ 0.2	$ 0.14	$ 0.14
Pay out Ratio	43.48 %	41.67 %	45.45 %	99.25 %	37.84 %

Dividend Pay out Ratio Comment

State Bank Financial's Eps grew in III. Quarter by 24.32% compare to a year ago, while dividend increased to 0.2$, this led to improvement in dividend pay out ratio to 43.48%.

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