Southstate Bank Corporation · NYSE:SSB
Southstate Bank — South State — Q2 2017 Earnings Presentation
9 slides from Southstate Bank's earnings presentation, Jul 21, 2017
Slide 1: Forward Looking Statements
Forward Looking Statements Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The words “may,” “will,” “anticipate,” “could,” “should,” “would,” “believe,” “contemplate,” “expect,” “estimate,” “continue,” “plan,” “project” and “intend,” as well as other
Slide 2: 2nd Quarter 2017 Highlights
2nd Quarter 2017 Highlights Net Income $31.8 million $1.08 per diluted share Return on Average Assets 1.15% Return on Average Tangible Equity 14.16% Adjusted* Net Income $34.6 million $1.18 per diluted share Adjusted* Return on Average Assets 1.25% Adjusted* Return on Average Tangibl
Slide 3: 2nd Quarter 2017 Highlights
2nd Quarter 2017 Highlights Net Loan Growth – 13.8% Annualized Adjusted Efficiency Ratio below 60% Asset Quality NPA’s/ Assets Non-Acquired 0.31% 0.05% Net Charge-offs *Adjusted is a Non-GAAP financial measure that excludes the impact of branch consolidation, merger related expenses, and s
Slide 4: Net Interest Margin
Net Interest Margin 5.00% $100.0 $90.0 4.50% $80.0 $70.0 4.00% $60.0 3.50% $50.0 2Q 2016 3Q 2016 4Q 2016 1Q 2017 2Q 2017 Net Interest Margin Net Interest Income 5 In Millions $99.0 $97.4 $81.4$81.2$80.6 4.27% 4.18%4.20% 4.13% 4.09% SOUTH STATE CORPORATION
Slide 5: Average Interest Earning Assets Change
Average Interest Earning Assets Change Quarterly Averages 6 Assets % of Earning Assets 3 /3 1/2 0 17 % of Earning Assets 6/3 0 /2 0 17 Net Short-T erm Inv estments 2.6% $ 245 2.7% $ 267 $ 22 Inv estment Securities 1 5.4 1 ,465 1 4.3 1 ,395 (70) Loans - Acquired 25.0 2,384 23.2 2,264 (1 20) Loans - N
Slide 6: 2nd Quarter 2017 Highlights: Non Interest Income
2nd Quarter 2017 Highlights Fees on Deposit Accounts $ 21 .7 $ 22.2 $ 0.5 Wealth Management 5.9 6.4 0.5 Other Income 1 .7 1 .5 (0.2) In Millions 7 Total Non Interest Income $ 36.4 $ 37.5 $ 1 .1 Acquired Loan Recov eries 1 .5 2.2 0.7 Mortgage Banking 5.6 5.2 (0.4) Non Interest Income 3/31 /201 7 6/30
Slide 7: Efficiency Ratio
Efficiency Ratio 80.0% 75.0% 70.0% 64.5% 65.0% 61.7% 60.8% 60.0% 55.0% 50.0% 45.0% 40.0% 2Q 2016 3Q 2016 4Q 2016 1Q 2017 2Q 2017 Adjusted* Efficiency Ratio Efficiency Ratio *Adjusted is a Non-GAAP financial measure that excludes the impact of branch consolidation, merger related expenses, securities
Slide 8: Earnings Per Diluted Share
Earnings Per Diluted Share $5.00 $4.18 $4.11 $4.00 $3.00 $2.00 $1.00 $0.00 2013 2014 EPS 2015 2016 2017 YTD Adjusted* EPS (Non-GAAP) *Adjusted is a Non-GAAP financial measure that excludes the impact of branch consolidation, merger related expenses, securities gains or losses, and FDIC loss share ea
Slide 9: Tangible Book Value
Tangible Book Value $35.00 $30.00 $25.00 2Q16 3Q16 4Q16 1Q17 2Q17 10 Non-GAAP financial measure $32.70 $31.77 $31.22 $30.73 $29.86 SOUTH STATE CORPORATION