South State Corp. (SSB) Tops Q3 EPS by 1c, Miss on Revenues

South State Corp. (NASDAQ: SSB) reported Q3 EPS of $1.22, $0.01 better than the analyst estimate of $1.21. Revenue for the quarter came in at $104.4 million versus the consensus estimate of $139.18 million.

• Net income was $35.0 million for the third quarter of 2017 compared to $31.8 million for the second quarter of 2017, an increase of $3.2 million, or 10.1%, while adjusted net income (non-GAAP) was $35.7 million in the third quarter of 2017, up $1.1 million, or 3.2% increase, compared to $34.6 million for the second quarter of 2017
  • Earnings per share (EPS) – diluted was $1.19 for the third quarter of 2017 compared to $1.08 for the second quarter of 2017, a 10.2% increase; and
  • Adjusted net income per share (non-GAAP) – diluted was $1.22 for the third quarter of 2017 and $1.18 for the second quarter of 2017, a 3.4% increase

For earnings history and earnings-related data on South State Corp. (SSB) click here.

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