SSB - South State Non-GAAP EPS of $1.89 beats by $0.02 revenue of $435.38M beats by $9.61M

• South State press release ( NASDAQ: SSB ): Q3 Non-GAAP EPS of $1.89 beats by $0.02 .
• Revenue of $435.38M (+25.5% Y/Y) beats by $9.61M .
• Return on Average Common Equity of 10.3% and Reported Return on Average Tangible Common Equity (Non-GAAP) of 18.0%; Adjusted Return on Average Tangible Common Equity (Non-GAAP) of 19.4%*
• Return on Average Assets ("ROAA") of 1.16%; Adjusted ROAA (Non-GAAP) of 1.26%*
• PPNR per weighted average diluted share (Non-GAAP) of $2.74, up 18% from the prior quarter's $2.32 and up 47% from $1.87 in the year ago quarter
• Book Value per Share of $65.03 decreased by $1.61 per share compared to the prior quarter primarily due to the $2.98 per share impact from the change in Accumulated Other Comprehensive Loss ("AOCI")

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