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South State: 4Q Earnings Snapshot

Associated Press
Updated

COLUMBIA, S.C. (AP) _ South State Corp. (SSB) on Monday reported fourth-quarter net income of $49.1 million.

The bank, based in Columbia, South Carolina, said it had earnings of $1.45 per share. Earnings, adjusted for one-time gains and costs, came to $1.48 per share.

The bank holding company posted revenue of $183.8 million in the period. Its revenue net of interest expense was $162.8 million, which beat Street forecasts.

For the year, the company reported profit of $186.5 million, or $5.36 per share. Revenue was reported as $647.8 million.

South State shares have fallen slightly more than 1% since the beginning of the year. The stock has climbed 31% 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