SouthState Bank Corp (SSB) announced earnings for its third quarter that Increased from last year and beat the Street estimates.
The company's bottom line came in at $246.64 million, or $2.42 per share. This compares with $143.18 million, or $1.86 per share, last year.
Excluding items, SouthState Bank Corp reported adjusted earnings of $262.67 million or $2.58 per share for the period.
Analysts on average had expected the company to earn $2.25 per share. Analysts' estimates typically exclude special items.
SouthState Bank Corp earnings at a glance (GAAP) :
-Earnings: $246.64 Mln. vs. $143.18 Mln. last year.-EPS: $2.42 vs. $1.86 last year.
Interest Income: $782.38 Mln vs $494.08 Mln. last year.
Non-interest Income: $99.09 Mln. vs $74.93 Mln. last year
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