SOUTH STATE CORPORATION (NASDAQ:SSB) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition
On April 21, 2017, South State Corporation (the Company) issued a
press release announcing its financial results for the first
quarter ended March 31, 2017, along with certain other financial
information.A copy of the Company’s press release is attached as
Exhibit 99.1 to this report and incorporated herein by reference.
Cautionary Statement Regarding Forward Looking Statements
Statements included in this communication 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 27A of the Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934.The words
may, will, anticipate, should, would, believe, contemplate,
expect, estimate, continue, may, and intend, as well as other
similar words and expressions of the future, are intended to
identify forward looking statements.South State Corporation (SSB)
cautions readers that forward looking statements are subject to
certain risks and uncertainties that could cause actual results
to differ materially from anticipated results.Such risks and
uncertainties, include, among others, the following
possibilities:the possibility that the anticipated benefits of
the transaction (between SSB and SBFC) are not realized when
expected or at all, including as a result of the impact of, or
problems arising from the strength of the economy and competitive
factors in the areas where SSB and SBFC do business; including as
a result of unexpected factors or events; diversion of
managements attention from ongoing business operations and
opportunities; potential adverse reactions or changes to business
or employee relationships, including those resulting from the
completion of the transaction; credit risk associated with an
obligors failure to meet the terms of any contract with the bank
or otherwise fail to perform as agreed; interest risk involving
the effect of a change in interest rates on both the banks
earnings and the market value of the portfolio equity; liquidity
risk affecting the banks ability to meet its obligations when
they come due; price risk focusing on changes in market factors
that may affect the value of traded instruments in mark-to-market
portfolios; transaction risk arising from problems with service
or product delivery; compliance risk involving risk to earnings
or capital resulting from violations of or nonconformance with
laws, rules, regulations, prescribed practices, or ethical
standards; strategic risk resulting from adverse business
decisions or improper implementation of business decisions;
reputation risk that adversely affects earnings or capital
arising from negative public opinion; terrorist activities risk
that results in loss of consumer confidence and economic
disruptions; cybersecurity risk related to SSBs dependence on
internal computer systems and the technology of outside service
providers, as well as the potential impacts of third-party
security breaches, subjects the company to potential business
disruptions or financial losses resulting from deliberate attacks
or unintentional events; economic downturn risk resulting changes
in the credit markets, greater than expected noninterest
expenses, excessive loan losses and other factors and the
implementation of federal spending cuts currently scheduled to go
into effect; and other factors that may affect future results of
SSB.Additional factors that could cause results to differ
materially from those described above can be found in SSBs Annual
Report on Form 10-K for the year ended December 31, 2016, is on
file with the Securities and Exchange Commission (the SEC) and
available in the Investor Relations section of SSBs website,
http://www.southstatebank.com, under the heading SEC Filings and
in other documents SSB files with the SEC.
All forward-looking statements speak only as of the date they are
made and are based on information available at that time.SSB does
not assume any obligation to update forward-looking statements to
reflect circumstances or events that occur after the date the
forward-looking statements were made or to reflect the occurrence
of unanticipated events except as required by federal securities
laws.As forward-looking statements involve significant risks and
uncertainties, caution should be exercised against placing undue
reliance on such statements.
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Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. |
Description |
|
99.1 |
Press release issued by South State Corporation in |
|
99.2 |
Presentation for South State Corporation Earnings Call |
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SOUTH STATE CORPORATION (NASDAQ:SSB) Recent Trading Information
SOUTH STATE CORPORATION (NASDAQ:SSB) closed its last trading session down -0.50 at 89.45 with 97,492 shares trading hands.