WINTER HAVEN, Fla. (AP) — WINTER HAVEN, Fla. (AP) — SouthState Corporation (SSB) on Thursday reported fourth-quarter earnings of $144.2 million.
The Winter Haven, Florida-based company said it had profit of $1.87 per share. Earnings, adjusted for non-recurring costs, were $1.93 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.73 per share.
The bank holding company posted revenue of $629.4 million in the period. Its adjusted revenue was $450.3 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $435.6 million.
For the year, the company reported profit of $534.8 million, or $6.97 per share. Revenue was reported as $1.72 billion.
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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
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