WINTER HAVEN, Fla. (AP) _ South State Corp. (SSB) on Thursday reported second-quarter profit of $119.2 million.

The Winter Haven, Florida-based bank said it had earnings of $1.57 per share. Earnings, adjusted for costs related to mergers and acquisitions, came to $1.62 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.

The bank holding company posted revenue of $414 million in the period. Its revenue net of interest expense was $402.6 million, also beating Street forecasts. Four analysts surveyed by Zacks expected $382.3 million.

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

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News