Southstate Bank — First Financial Holdings — Q3 2013 Earnings Presentation

5 slides from Southstate Bank's earnings presentation, Oct 29, 2013

Slide 1: 3rd Quarter 2013 Earnings Call
3rd Quarter 2013 Earnings Call October 29, 2013
Slide 2: Cautionary Statement Regarding Forward Looking Statements
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 Section 21E of the Securities Exchange Act of 1934.
Slide 3: 3rd Quarter 2013 Highlights
3rd Quarter 2013 Highlights July 26th closing of the merger with First Financial Holdings Non-Acquired Loan Growth of $75.6 million, annualized 11.3% Non-Interest Bearing Demand Deposits of $1.5 Billion Operating Income of $18.8 million or $0.85 per diluted share Operating ROAA 1.07% Net Income of $
Slide 4: FFCH Merger Update
Tangible Common Equity / Tangible Assets 6.85% Tangible Book Value accretive within 3.5 years Double digit EPS accretive (excluding one-time merger costs) for the first full year Retail and Line of Business Integration / Conversion Trust conversion in 3Q 2013 Mortgage platform consolidation in proce
Slide 5: Select Balance Sheet Items – Linked Quarter
Select Balance Sheet Items – Linked Quarter Assets 9/30/2013 6/30/2013 Net Change Cash & Cash Equivalents $ 645.2 $ 436.5 $ 208.7 Investment Securities 652.6 531.6 121.0 Loans - Acquired 3,014.8 921.8 2,092.9 Loans - NonAcquired 2,741.2 2,665.6 75.6 Goodwill & Intangibles 381.4 123.4 258.0 Total Ass