South State Bank, the name given earlier this year to the bank created by the merger of the National Bank of South Carolina and First Financial, reported third quarter operating earnings of $24.2 million or $1 per diluted operating EPS, up 28 percent over the third quarter of 2013.
Net income available to common shareholders was $19.3 million, or $0.80 diluted EPS, up 67.9 percent from 2013’s third quarter, according to information from the bank.
The bank’s board of directors declared a quarterly cash dividend of $0.22 per share payable on its common stock.
The dividend will be payable Nov. 21 to shareholders of record as of Nov. 14.
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