SCBT an­nounces quar­terly div­i­dend

The Pak Banker - - Front Page -

COLUMBIA, S.C

SCBT Fi­nan­cial, the hold­ing com­pany for SCBT, to­day re­leased its unau­dited re­sults of op­er­a­tions and other fi­nan­cial in­for­ma­tion for the three-month and nine-month pe­ri­ods ended Septem­ber 30, 2012.

High­lights of the third quar­ter 2012 in­clude the fol­low­ing: Net in­come of $9.1 mil­lion, or $0.60 di­luted EPS in 3Q 2012 com­pared to $8.0 mil­lion, or $0.55 di­luted EPS in 2Q 2012 and $10.3 mil­lion, or $0.74 di­luted EPS in 3Q 2011 (which in­cluded an ac­qui­si­tion gain); Oper­at­ing earn­ings, which ex­clude merger and con­ver­sion ex­pense, of $9.4 mil­lion, or $0.63 di­luted EPS in 3Q 2012 com­pared to $9.4 mil­lion, or $0.63 di­luted EPS in 2Q 2012 and $4.6 mil­lion, or $0.33 di­luted EPS in 3Q 2011;

re­turn on av­er­age as­sets was 0.83% an­nu­al­ized in 3Q 2012 com­pared to 0.75% in 2Q 2012 and 1.04% in 3Q 2011; Oper­at­ing re­turn on av­er­age as­sets was 0.87% in 3Q 2012 com­pared to 0.88% in 2Q 2012 and 0.47% in 3Q 2011; re­turn on av­er­age eq­uity was 8.4% an­nu­al­ized in 3Q 2012 com­pared to 7.8% in 2Q 2012 and 10.8% in 3Q 2011; Oper­at­ing re­turn on av­er­age eq­uity was 8.7% an­nu­al­ized in 3Q 2012 com­pared to 9.1% in 2Q 2012 and 4.8% in 3Q 2011;

Net charge-offs of nonac­quired loans in­creased to 0.85% an­nu­al­ized in 3Q 2012, com­pared to 0.77% an­nu­al­ized in 2Q 2012 and de­creased from 1.16% an­nu­al­ized in 3Q 2011; Non-per­form­ing As­sets (NPAs): 1.89% of to­tal as­sets for 3Q 2012 com­pared to 1.90% for 2Q 2012 and 2.44% for 3Q 2011; 3.22% of loans and re­pos­sessed as­sets, ex­clud­ing ac­quired as­sets, for 3Q 2012 com­pared to 3.32% for 2Q 2012 and 3.87% for 3Q 2011; and legacy loan growth was $36.1 mil­lion or 5.8% an­nu­al­ized dur­ing 3Q 2012.

The Board of Di­rec­tors of SCBT has de­clared a quar­terly cash div­i­dend of $0.18 per share payable on its com­mon stock. This per share amount is a $0.01, or 5.9%, in­crease to the div­i­dend paid in the im­me­di­ately pre­ced­ing quar­ter and will be payable on Novem­ber 23, 2012 to share­hold­ers of record as of Novem­ber 16, 2012. The Com­pany re­ported con­sol­i­dated net in­come of $9.1 mil­lion, or $0.60 per di­luted share for the three months ended Septem­ber 30, 2012.

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