WINTER HAVEN, Fla. (AP) _ South State Corp. (SSB) on Wednesday reported first-quarter net income of $146.9 million.

The Winter Haven, Florida-based bank said it had earnings of $2.06 per share. Earnings, adjusted for costs related to mergers and acquisitions, were $2.17 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.

The bank holding company posted revenue of $374.8 million in the period. Its revenue net of interest expense was $358.3 million, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $355.1 million.

South State shares have risen 17% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $84.59, a rise of 49% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SSB at https://www.zacks.com/ap/SSB

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