South State: Q2 Earnings Snapshot
WINTER HAVEN, Fla. (AP) — WINTER HAVEN, Fla. (AP) — South State Corp. (SSB) on Thursday reported second-quarter net income of $123.4 million.
The Winter Haven, Florida-based bank said it had earnings of $1.62 per share. Earnings, adjusted for costs related to mergers and acquisitions, came to $1.63 per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.83 per share.
The bank holding company posted revenue of $555.3 million in the period. Its revenue net of interest expense was $439 million, topping Street forecasts. Three analysts surveyed by Zacks expected $431.6 million.
_____
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
