The board of directors of South State Corporation has declared a quarterly cash dividend of $0.33 per share payable on its common stock. This per share amount is $0.01 per share, or 3.1% higher than the dividend paid in the immediately preceding quarter and is $0.05 per share, or 17.9%, higher than a year ago. The dividend will be payable on February 24, 2017 to shareholders of record as of February 17, 2017.

The company announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total interest income of $82,688,000 against total interest income of $83,776,000 a year ago. Net interest income of $80,600,000 against net interest income of $81,432,000 a year ago. Income before provision for income taxes of $37,568,000 against income before provision for income taxes of $37,922,000 a year ago. Net income of $24,177,000 against net income of $25,535,000 a year ago. Diluted earnings per common share of $1 against diluted earnings per common share of $1.05 a year ago. Adjusted net income of $27,991,000 against adjusted net income of $26,953,000 a year ago. Adjusted diluted net income per common share of $1.15 against adjusted diluted net income per common share of $1.11 a year ago. Return on average assets of 1.08% against return on average assets of 1.19% a year ago. Return on average equity of 8.5% against return on average equity of 9.57% a year ago. Return on average tangible common equity of 13.42% against return on average tangible common equity of 15.99% a year ago. Book value per common share of $46.82 against book value per common share of $43.84 a year ago. Tangible common equity per common share of $31.22 against tangible common equity per common share of $27.88 a year ago. Interest income was down $593,000 primarily from lower loan interest income, as the acquired interest income decreased more than the non-acquired interest income increased.

For the period, the company reported Total interest income of $333,163,000 against total interest income of $338,101,000 a year ago. Net interest income of $324,846,000 against net interest income of $327,773,000 a year ago. Income before provision for income taxes of $154,042,000 against income before provision for income taxes of $150,375,000 a year ago. Net income of $101,282,000 against net income of $99,473,000 a year ago. Diluted earnings per common share of $4.18 against diluted earnings per common share of $4.11 a year ago. Adjusted net income of $110,099,000 against adjusted net income of $104,397,000 a year ago. Adjusted diluted net income per common share of $4.55 against adjusted diluted net income per common share of $4.31 a year ago. Return on average assets of 1.16% against return on average assets of 1.21% a year ago. Return on average equity of 9.17% against return on average equity of 9.67% a year ago. Return on average tangible common equity of 14.72% against return on average tangible common equity of 15.97% a year ago.