Southstate Bank Corporation · NYSE:SSB

Southstate Bank — First Financial Holdings — Q1 2014 Earnings Presentation

10 slides from Southstate Bank's earnings presentation, Apr 25, 2014

  1. Slide 1: 1st Quarter 2014 Earnings Call

    1st Quarter 2014 Earnings Call April 25, 2014

  2. Slide 2: Forward Looking Statements and Non GAAP Measures

    Forward Looking Statements and Non GAAP Measures Cautionary Statement Regarding Forward Looking Statements Statements included in this report which are not historical in nature are intended to be, and are hereby identified as, forward looking statements for purposes of the safe harbor provided by Se

  3. Slide 3: 1st Quarter 2014 Highlights

    1st Quarter 2014 Highlights Record Operating Earnings $19.8 million, $0.82 per diluted share Operating ROAA 1.06% Operating Return on Average Common Equity 8.61% Cash dividend of $0.20 per common share Redemption of $65 million in Preferred Equity (former FFCH TARP) on March 28, 2014 Net Income of $

  4. Slide 4: 1st Quarter 2014 Highlights

    1st Quarter 2014 Highlights Annualized Organic Loan Growth of 16 % Pending Credit Card Sale of $17.6 million, transferred to HFS Asset Quality: Improvement trend continues Classifieds down $4.5 million NPAs down $6.1 million Non Interest Income totals $ 20.7 million Mortgage $ 3.3 WMG $ 4.5 4

  5. Slide 5: Interest Earning Assets

    Interest Earning Assets Assets 03/31/2014 12/31/2013 Net Change Short Term Investments $ 412.9 $ 320.1 $ 92.8 Investment Securities 814.5 812.6 1.9 Loans - Acquired 2,637.0 2,825.8 (188.8) Loans - NonAcquired 2,980.0 2,865.2 114.8 Loans Held for Sale 57.2 30.6 26.6 Total Interest Earning Assets $ 6,

  6. Slide 6: Net Interest Margin

    Net Interest Margin Earning Assets Funding

  7. Slide 7: Operating Efficiency Ratio - QTD

    Operating Efficiency Ratio - QTD 7 7 See endnotes (1)

  8. Slide 8: Operating Earnings Per Share

    First Financial Holdings Closing: July 26, 2013 Conversion: July 2014 Operating Earnings Per Share 8

  9. Slide 9: [LOGO]

    [LOGO]

  10. Slide 10: Endnotes

    Endnotes Efficiency ratio = NIE / Net Int Inc + Non Int Inc less securities gain/(loss) Operating efficiency ratio (exc’l) = same as above except exc’l merger cost & OREO related cost from NIE Excludes Merger & OREO / Loan-related expenses

First Financial Holdings — Q1 2014 Earnings Presentation on 6ix