WINTER HAVEN, Fla. (AP) — WINTER HAVEN, Fla. (AP) — SouthState Corporation (SSB) on Thursday reported first-quarter earnings of $115.1 million.
On a per-share basis, the Winter Haven, …
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WINTER HAVEN, Fla. (AP) — WINTER HAVEN, Fla. (AP) — SouthState Corporation (SSB) on Thursday reported first-quarter earnings of $115.1 million.
On a per-share basis, the Winter Haven, Florida-based company said it had net income of $1.50. Earnings, adjusted for non-recurring costs, came to $1.58 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.
The bank holding company posted revenue of $535.2 million in the period. Its adjusted revenue was $415.5 million, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $416.8 million.
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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
