South State Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, total interest income was $83,776,000 against $85,380,000 a year ago. Net interest income was $81,432,000 against $81,551,000 a year ago. Net interest income after provision for loan losses was $80,606,000 against $80,070,000 a year ago. Income before provision for income taxes was $37,922,000 against $30,693,000 a year ago. Net income was $25,535,000 against $21,248,000 a year ago. Net income available to common shareholders was $25,535,000 against $21,248,000 a year ago. Net operating earnings (non-GAAP) were $26,953,000 against $24,432,000 a year ago. Net operating earnings available to common shareholders (non-GAAP) were $26,953,000 against $24,432,000 a year ago. Diluted earnings per common share were $1.05 against $0.88 a year ago. Operating earnings per common share - diluted (non-GAAP) was $1.11 against $1.01 a year ago. Adjusted net income was $27 million, or $1.11 per share, up from $24.4 million, or $1.01 per share, in the prior year period and topping analyst estimates of $1.07.

For the full year, total interest income was $338,101,000 against $342,022,000 a year ago. Net interest income was $327,773,000 against $326,360 a year ago. Net interest income after provision for loan losses was $321,909,000 against $319,770,000 a year ago. Income before provision for income taxes was $150,375,000 against $111,428,000 a year ago. Net income was $99,473,000 against $75,437,000 a year ago. Net income available to common shareholders was $99,473,000 against $74,364,000 a year ago. Net operating earnings (non-GAAP) were $104,391,000 against $91,645,000 a year ago. Net operating earnings available to common shareholders (non-GAAP) were $104,391,000 against $90,572,000 a year ago. Diluted earnings per common share were $4.11 against $3.08 a year ago. Operating earnings per common share - diluted (non-GAAP) was $4.31 against $3.75 a year ago.