South State Corp. (SSB) Reports Q1 EPS of $0.82

South State Corp. (NASDAQ: SSB) reported Q1 EPS of $0.82, versus $1.48 reported last year.

“We started 2020 with strong results and quickly turned our attention to the health and safety of our team and our customers. I am grateful for our team members who worked around-the-clock to provide close to $900 million in SBA Payment Protection Program loans to almost 6,000 small businesses,” said Robert R. Hill, Jr., President and CEO of South State Corporation. “The financial strength of South State allows us to support our customers in this crisis. While producing record revenues this quarter we chose to use this revenue to strengthen our balance sheet with increased liquidity and by adding $36 million to our allowance for loan losses. The strength of our company has helped us and our customers during good times and challenging times and the current crisis is no exception.”

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

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