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South State: 4Q Earnings Snapshot

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WINTER HAVEN, Fla. (AP) _ South State Corp. (SSB) on Wednesday reported fourth-quarter earnings of $86.2 million.

The bank, based in Winter Haven, Florida, said it had earnings of $1.21 per share. Earnings, adjusted for non-recurring costs, came to $1.44 per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.

The bank holding company posted revenue of $384.2 million in the period. Its revenue net of interest expense was $363.4 million, also missing Street forecasts. Four analysts surveyed by Zacks expected $366.8 million.

For the year, the company reported profit of $120.6 million, or $2.19 per share. Revenue was reported as $1.14 billion.

South State shares have increased 6.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $77, a drop of slightly more than 3% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SSB at https://www.zacks.com/ap/SSB