First Financial Holdings, Inc. Reports Record Third Quarter 2013 Operating Income of $18.8 Million

  First Financial Holdings, Inc. Reports Record Third Quarter 2013 Operating
  Income of $18.8 Million

                       Declares Quarterly Cash Dividend

Business Wire

COLUMBIA, S.C. -- October 29, 2013

First Financial Holdings, Inc. (NASDAQ: SCBT) today released its unaudited
results of operations and other financial information for the three-month and
nine-month periods ended September 30, 2013. Highlights of the third quarter
2013 include the following:

  *Net income of $11.5 million, or $0.52 diluted EPS in 3Q 2013 compared to
    $12.5 million, or $0.74 diluted EPS in 2Q 2013 and $9.1 million, or $0.60
    diluted EPS in 3Q 2012;
  *Operating earnings of $18.8 million, which exclude merger expense and
    include preferred stock dividends, or $0.85 diluted EPS in 3Q 2013
    compared to $13.1 million, or $0.77 diluted EPS in 2Q 2013 and $9.4
    million, or $0.63 diluted EPS in 3Q 2012;
  *On July 26, 2013, closed the merger transaction between SCBT Financial
    Corporation and the former First Financial Holding, Inc. (FFCH);
  *Return on average assets was 0.66% annualized in 3Q 2013 compared to 0.99%
    in 2Q 2013 and 0.83% in 3Q 2012; Operating return on average assets was
    1.07% annualized in 3Q 2013 compared to 1.04% in 2Q 2013 and 0.87% in 3Q
    2012;
  *Net charge-offs of non-acquired loans increased to 0.45% annualized in 3Q
    ^  2013, compared to 0.40% annualized in 2Q 2013 and decreased from 0.85%
    annualized in 3Q 2012;
  *Non-acquired non-performing assets (NPAs): 2.40% of total non-acquired
    loans and repossessed assets for 3Q 2013 compared to 2.56% for 2Q 2013 and
    3.22% for 3Q 2012; and
  *Legacy loan growth was $75.6 million or 11.3% annualized during 3Q 2013.

Quarterly Cash Dividend

The Board of Directors of First Financial Holdings, Inc. has declared a
quarterly cash dividend of $0.19 per share payable on its common stock, and is
11.8% higher than the dividend paid in the third quarter of 2012. This per
share amount is the same as the dividend paid in the immediately preceding
quarter and will be payable on November 22, 2013 to shareholders of record as
of November 15, 2013.

Third Quarter 2013 Financial Performance

Please refer to the accompanying tables for detailed comparative data on
results of operations and financial results.

The Company reported consolidated net income of $11.5 million, or $0.52 per
diluted share for the three months ended September 30, 2013 down from $12.5
million, or $0.74 per diluted share for the three months ended June 30, 2013.
Driving this decrease from the second quarter was the following:

  *a significant increase in noninterest expense (due to merger cost and FFCH
    operating cost for 66 days of the quarter);
  *an increase in our effective tax rate from 33.0% to 36.1% driven by
    certain nondeductible merger related expenses; partially offset by
  *an increase in noninterest income (FFCH since closing); and
  *an increase in net interest income (FFCH since closing).

“We are pleased to report record operating earnings in the first quarter of
combined operations following a major acquisition,” said Robert R Hill, Jr,
CEO of First Financial Holdings, Inc. “Our company experienced solid organic
growth and continued to add talented bankers to our team. We are also pleased
with the strength of our capital position, the pace of integration, and the
opportunities to further improve EPS in the coming quarters. This quarter
demonstrates the strength of our recent merger both financially and
strategically.”

Asset Quality

During the third quarter of 2013, SCBT continued to see improvement in asset
quality with non-acquired nonperforming assets (NPAs) falling to 2.40% of
total non-acquired loans and repossessed assets, as non-acquired NPAs declined
by $2.5 million, compared to the second quarter of 2013 when the ratio was
2.56%. In addition, classified assets declined by $12.2 million to $111.4
million and 30-89 day past due loans declined by $2.4 million during the third
quarter of 2013 as compared to the second quarter of 2013, which excludes any
of the acquisitions.

At September 30, 2013, the allowance for non-acquired loan losses was $36.1
million or 1.32% of non-acquired period-end loans. The current allowance for
loan losses provides 0.73 times coverage of period-end non-acquired
nonperforming loans, which was equal to the same result at the end of the
second quarter of 2013. Net charge-offs within the non-acquired portfolio were
$3.0 million for the quarter or 0.45% annualized, up slightly from the second
quarter of 2013 of $2.6 million or 0.40% annualized and down from the third
quarter of 2012 of $5.3 million or 0.85% annualized. OREO costs increased to
$3.5 million during the quarter, up from the second quarter amount of $2.8
million. This increase was the result of additional cost related to the 90
properties of OREO added from the FFCH merger. During the quarter, there were
two properties with write-downs totaling $738,000 of the total write downs of
$1.2 million. An additional 20 properties had write downs totaling $443,000.

Net Interest Income and Margin

Non-taxable equivalent net interest income was $79.7 million for the third
quarter of 2013, a $24.4 million increase from the second quarter, resulting
from the following:

1.Interest income increased by approximately $26.2 million primarily from
    the addition of FFCH’s average interest-earning assets of approximately
    $1.7 billion;
2.Offset by additional funding cost of $1.8 million, for deposits and other
    borrowings acquired in the FFCH merger. Interest-bearing liabilities
    increased by approximately $1.5 billion;

Tax-equivalent net interest margin increased 8 basis points from the third
quarter of 2012 and 10 basis point from the second quarter of 2013 to 5.11%.
The Company’s average yield on interest-earning assets increased 18 basis
points while the average rate on interest-bearing liabilities increased 6
basis points from the second quarter of 2013. During the third quarter of
2013, the Company’s average total assets increased to approximately $7.2
billion and average earning assets increased to $6.3 billion. The growth in
average earning assets was supported by growth in average interest-bearing
liabilities of more than $1.5 billion.

Noninterest Income and Expense

Noninterest income was $15.3 million in the third quarter of 2013, up $6.8
million from the second quarter of 2013 and up $6.1 million from third quarter
of 2012. Customer-oriented noninterest income (includes service charges,
bankcard services, and trust and investment services) saw a significant $6.5
million increase due to the merger with FFCH during the quarter. The increases
were partially offset by lower mortgage banking income due to the decline in
the mortgage pipeline and reduced gains from loans sold in the secondary
market, and a decline in the fair value of the hedges related to mortgage
banking activity. In addition the negative accretion on the FDIC
indemnification asset in the third quarter was $7.6 million, $315,000 more
than the second quarter of 2013 and $1.0 million more than the third quarter
of 2012. The increases in negative accretion were the result of the reduction
of expected cash flows from the indemnification asset related to certain pools
of acquired loans which had improved estimated cash flows. Other noninterest
income increased from the second quarter of 2013 by $1.1 million, due
primarily to an increase in recoveries from acquired assets and from the
contribution related to the FFCH merger (including increases in cash surrender
value of bank owned life insurance, rental income, and credit card fees).

Noninterest expense was $75.4 million in the third quarter of 2013, up from
$30.5 million from the second quarter. This increase from the second quarter
of 2013 was primarily due to $18.7 million of operational cost from the FFCH
merger, $9.5 million in merger-related expense, and $2.4 million increase in
salaries and employee benefits. The efficiency ratio for the quarter was
78.7%, up from 69.5% in the second quarter. Our operational efficiency ratio,
which excludes merger expenses and OREO related expenses, was 64.3% compared
to 63.8% in the second quarter.

FFCH Merger

On July 26, 2013, SCBT Financial Corporation acquired First Financial
Holdings, Inc. and changed its name to First Financial Holdings, Inc. Below is
a summary:

  *The total purchase price paid was $447.0 million. 7,018,274 common shares
    of SCBT were issued at a price of $54.34 per share and SCBT assumed the
    preferred stock outstanding of $65.0 million.
  *These shares were outstanding approximately 71.7% of the days in the
    quarter and increased the weighted average shares outstanding by
    approximately 5.1 million shares.
  *Total goodwill has been preliminarily determined to be $217.9 million, and
    other amortizing intangibles totaled $40.8 million.
  *Total fair value of assets acquired equaled $3.086 billion and total fair
    value of liabilities assumed equaled $2.857 billion.
  *At closing, all Federal Home Loan Bank (FHLB) advances assumed and
    totaling $255.9 million, which included a $21.8 million prepayment fee and
    unpaid interest of $1.1 million, were repaid to the FHLB. The prepayment
    fee was treated as a fair value adjustment in the acquisition of FFCH.
  *During the quarter, more than $175.3 million in securities were sold that
    were acquired from FFCH. These included Private Label CMOs, Agency MBS,
    Municipal Bonds, and Trust Preferred CDOs. No gain or loss was recorded on
    the disposition of these securities.

Balance Sheet and Capital

At the end of the third quarter of 2013, SCBT’s total assets were $8.0
billion, up from $5.0 billion at June 30, 2013, related primarily to the
acquisition of FFCH. Since September 30, 2012, the company’s balance sheet has
grown by more than $3.7 billion, or 85.6%, due primarily to the fourth quarter
2012 closing of the Savannah acquisition and the current quarter acquisition
of FFCH. The asset growth was spread among all asset categories, except FDIC
receivable from loss share agreements and loans held for sale. The asset
growth was supported primarily by $1.749 billion increase in core deposit
growth, $46.5 million in increased trust preferred borrowings, and $446.4
million in additional capital from the acquisition of FFCH.

Book value per share increased to $40.31 compared to $30.33 at June 30, 2013,
while tangible common equity per share declined to $21.76 from $23.09 at June
30, 2013. The increase in book value was the result of the merger with FFCH
and the closing price of $54.34 per share. The decline in tangible common
equity per share was the result of the fair value adjustments recorded for
assets and liabilities in the acquisition of FFCH. In addition, tangible
common equity to tangible assets equaled 6.85% at third quarter end down from
7.99% at the end of the second quarter.

The company’s Tier 1 leverage ratio is estimated to increase from 9.2% to
slightly more than 10.0% at September 30, 2013. This is the result of an
increased capital base relative to the average asset base from FFCH being
included for approximately 70% of the quarter. The Company’s capital position
remains “well-capitalized” by all measures at September 30, 2013.

“We are very pleased with the combination of SCBT and FFCH, and the actions
taken during the quarter to reposition our balance sheet. Paying off FHLB
advances, rebalancing the investment securities portfolio, continuing to
reduce certificate of deposit balances, and establishing a $30.0 million line
of credit at the bank holding company, which closed on Monday, positions our
balance sheet for the future,” said John C. Pollok, COO and CFO. “Our loan
portfolio continues to improve as our exposure declines in certain risky
assets, as evident by the continued decline in commercial real estate lending
and in classified assets.”

SCBT Financial Corporation will hold a conference call on October 29^th at 11
a.m. ET during which management will review earnings and performance trends.
Callers wishing to participate may call toll-free by dialing 877-317-6016. The
number for international participants is 412-317-6016. The conference ID
number is 10034564. Participants can also listen to the live audio webcast
through the Investor Relations section of www.SCBTonline.com. A replay will be
available beginning October 29^th by 2:00 p.m. ET until 9:00 a.m. on November
15th. To listen to the replay, dial 877-344-7529 or 412-317-0088. The pass
code is 10034564.

First Financial Holdings, Inc., (SCBT) Columbia, South Carolina is a
registered bank holding company incorporated under the laws of South Carolina.
The Company consists of SCBT, the Bank and the following divisions: NCBT,
Community Bank & Trust, The Savannah Bank, and First Federal. The Bankalso
operates Minis & Co., Inc. and First Southeast 401k Fiduciaries, both wholly
owned registered investment advisors; and First Southeast Investor Services, a
wholly owned broker dealer. Providing financial services for over 79 years,
First Financial Holdings, Inc. operates 146 locations in 19 South Carolina
counties, 12 Georgia counties, and 4 North Carolina counties. First Financial
Holdings, Inc. has assets of approximately $8.0 billion and its stock is
traded under the symbol SCBT in the NASDAQ Global Select Market. More
information can be found at www.SCBTonline.com.

Non-GAAP Measures

Statements included in this press release include non-GAAP measures and should
be read along with the accompanying tables which provide a reconciliation of
non-GAAP measures to GAAP measures. Management believes that these non-GAAP
measures provide additional useful information. Non-GAAP measures should not
be considered as an alternative to any measure of performance or financial
condition as promulgated under GAAP, and investors should consider the
company’s performance and financial condition as reported under GAAP and all
other relevant information when assessing the performance or financial
condition of the company. Non-GAAP measures have limitations as analytical
tools, and investors should not consider them in isolation or as a substitute
for analysis of the company’s results or financial condition as reported under
GAAP.

Cautionary Statement Regarding Forward Looking Statements

Statements included in this report 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 21E of the Securities Exchange
Act of 1934. Forward looking statements generally include words such as
“expects,” “projects,” “anticipates,” “believes,” “intends,” “estimates,”
“strategy,” “plan,” “potential,” “possible” and other similar expressions. The
Company 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: (1) the outcome of any legal
proceedings instituted against the Company; (2) credit risks associated with
an obligor’s failure to meet the terms of any contract with the bank or
otherwise fail to perform as agreed under the terms of any loan-related
document; (3) interest risk involving the effect of a change in interest rates
on the bank’s earnings, the market value of the bank’s loan and securities
portfolios, and the market value of the Company’s equity; (4) liquidity risk
affecting the bank’s ability to meet its obligations when they come due; (5)
risks associated with an anticipated increase in the Company’s investment
securities portfolio, including risks associated with acquiring and holding
investment securities or potentially determining that the amount of investment
securities the Company desires to acquire are not available on terms
acceptable to the Company; (6) price risk focusing on changes in market
factors that may affect the value of traded instruments in “mark-to-market”
portfolios; (7) transaction risk arising from problems with service or product
delivery; (8) compliance risk involving risk to earnings or capital resulting
from violations of or nonconformance with laws, rules, regulations, prescribed
practices, or ethical standards; (9) regulatory change risk resulting from new
laws, rules, regulations, accounting principles, proscribed practices or
ethical standards, including, without limitation, increased capital
requirements (including, without limitation, the impact of the capital rules
adopted to implement Basel III), Consumer Financial Protection Bureau rules
and regulations, and potential changes in accounting principles relating to
loan loss recognition; (10) strategic risk resulting from adverse business
decisions or improper implementation of business decisions; (11) reputation
risk that adversely affects earnings or capital arising from negative public
opinion; (12) terrorist activities risk that results in loss of consumer
confidence and economic disruptions; (13) cybersecurity risk related to our
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; (14) economic
downturn risk potentially resulting in deterioration in the credit markets,
greater than expected non-interest expenses, excessive loan losses and other
negative consequences, which risks could be exacerbated by potential negative
economic developments resulting from federal spending cuts and/or one or more
federal budget-related impasses or actions; (15) greater than expected
noninterest expenses; (16) excessive loan losses; (17) failure to realize
synergies and other financial benefits from, and to limit liabilities
associates with, mergers and acquisitions, including, without limitation,
mergers with The Savannah Bancorp, Inc. (“Savannah”) and First Financial
Holdings, Inc. (“FFCH”), within the expected time frame; (18) potential
deposit attrition, higher than expected costs, customer loss and business
disruption associated with merger and acquisition integration, including,
without limitation, with respect to Savannah and FFCH, and including, without
limitation, potential difficulties in maintaining relationships with key
personnel and other integration related-matters; (19) the risks of
fluctuations in market prices for Company common stock that may or may not
reflect economic condition or performance of the Company; (20) the payment of
dividends on Company common stock is subject to regulatory supervision as well
as the discretion of the board of directors of the Company, the Company’s
performance and other factors; and (21) other risks and uncertainties
disclosed in the Company’s most recent Annual Report on Form 10-K filed with
the SEC or disclosed in documents filed or furnished by the Company with or to
the SEC after the filing of such Annual report on Form 10-K, any of which
could cause actual results to differ materially from future results expressed,
implied or otherwise anticipated by such forward looking statements. The
Company undertakes no obligation to update or otherwise revise any
forward-looking statements, whether as a result of new information, future
events, or otherwise.






SCBT Financial Corporation
(Unaudited)
(Dollars in thousands, except per share data)
                                                                                                                                              
                                                                                                           Third
                      Three Months Ended                                                                   Quarter    Nine Months Ended                 YTD
                      September 30,    June 30,         March 31,        December 31,     September 30,    2013 -     September 30,                     2013 -
                                                                                                           2012                                         2012
EARNINGS SUMMARY                                                                                                                                        %
(non tax              2013             2013             2013             2012             2012             % Change   2013             2012             Change
equivalent)
Interest income       $ 83,700         $ 57,530         $ 56,169         $ 50,263         $ 49,535         69.0   %   $ 197,399        $ 137,225        43.9  %
Interest expense       4,029          2,246          2,368          2,351          2,625         53.5   %    8,643         8,743         -1.1  %
Net interest income     79,671           55,284           53,801           47,912           46,910         69.8   %     188,756          128,482        46.9  %
Provision for loan      659              179              1,060            2,211            4,044          -83.7  %     1,898            11,408         -83.4 %
losses (1)
Noninterest income      15,265           8,485            9,523            10,900           9,166          66.5   %     33,273           30,383         9.5   %
Noninterest expense    75,419         44,885         46,441         48,139         38,031        98.3   %    166,745       110,760       50.5  %
Income before
provision for           18,858           18,705           15,823           8,462            14,001         34.7   %     53,386           36,697         45.5  %
income taxes
Provision for          6,804          6,173          5,174          2,552          4,938         37.8   %    18,151        12,576        44.3  %
income taxes
Net income              12,054           12,532           10,649           5,910            9,063          33.0   %     35,235           24,121         46.1  %
Preferred stock        542            --             --             --             --                        542            --         
dividends
Net income
available to common   $ 11,512        $ 12,532        $ 10,649        $ 5,910         $ 9,063         27.0   %   $ 34,693        $ 24,121        43.8  %
shareholders (GAAP)
                                                                                                                                                        
Effective tax rate      36.08      %     33.00      %     32.70      %     30.16      %     35.27      %                34.00      %     34.27      %
                                                                                                                                                        
Basic
weighted-average        21,893,528       16,790,167       16,787,487       15,320,472       14,920,423     46.7   %     18,517,610       14,484,214     27.8  %
common shares
Diluted
weighted-average        22,127,979       16,989,818       16,954,039       15,446,778       15,043,067     47.1   %     18,717,181       14,573,097     28.4  %
common shares
                                                                                                                                                        
Earnings per common   $ 0.53           $ 0.75           $ 0.63           $ 0.39           $ 0.61           -13.1  %   $ 1.87           $ 1.67           12.0  %
share - Basic
Earnings per common     0.52             0.74             0.63             0.38             0.60           -13.3  %     1.85             1.66           11.4  %
share - Diluted
                                                                                                                                                        
Cash dividends
declared per common   $ 0.19           $ 0.18           $ 0.18           $ 0.18           $ 0.17           11.8   %   $ 0.55           $ 0.51           7.8   %
share
Dividend payout         39.71      %     24.46      %     28.75      %     46.06      %     28.33      %   40.2   %     30.84      %     31.18      %   -1.1  %
ratio (2)
                                                                                                                                                        
Operating Earnings
(non-GAAP) (3)
Net income (GAAP)     $ 12,054         $ 12,532         $ 10,649         $ 5,910          $ 9,063          33.0   %   $ 35,235         $ 24,121         46.1  %
Securities (gains)      --               --               --               (89        )     --                          --               --
losses, net of tax
Merger and
conversion related     7,326          576            1,321          5,274          357           1954.1 %    9,224          1,744      
expense, net of tax
Net operating
earnings (loss)         19,380           13,108           11,970           11,095           9,420          105.7  %     44,459           25,865         71.9  %
(non-GAAP)
Preferred stock        542            --             --             --             --                        542            --         
dividends
Net operating
earnings (loss)
available to common   $ 18,838        $ 13,108        $ 11,970        $ 11,095        $ 9,420         100.0  %   $ 43,917        $ 25,865        69.8  %
shareholders
(non-GAAP)
                                                                                                                                                        
Operating earnings
(loss) per common     $ 0.86           $ 0.78           $ 0.71           $ 0.72           $ 0.63           36.5   %   $ 2.37           $ 1.79           32.4  %
share - Basic
Operating earnings
(loss) per common       0.85             0.77             0.71             0.72             0.63           34.9   %     2.35             1.77           32.8  %
share - Diluted



                                                                                                           Third
                      AVERAGE for Quarter Ended                                                            Quarter    AVERAGE for Nine Months           YTD
                      September 30,    June 30,         March 31,        December 31,     September 30,    2013 -     September 30,    September 30,    2013 -
                                                                                                           2012                                         2012
BALANCE SHEET         2013             2013             2013             2012             2012             % Change   2013             2012             %
HIGHLIGHTS                                                                                                                                              Change
Loans held for sale   $ 53,204         $ 40,040         $ 51,216         $ 60,183         $ 56,300         -5.5   %   $ 48,161         $ 40,052         20.2  %
Acquired loans, net
of allowance for        2,427,583        927,520          997,010          582,726          501,214        384.3  %     1,457,036        447,851        225.3 %
acquired loan
losses
Non-acquired loans      2,698,580        2,629,897        2,576,545        2,528,753        2,497,478      8.1    %     2,634,362        2,469,977      6.7   %
Total loans (1)         5,126,163        3,557,417        3,573,555        3,111,479        2,998,692      70.9   %     4,091,398        2,917,828      40.2  %
FDIC receivable for
loss share              116,849          114,724          139,172          162,580          194,116        -39.8  %     123,500          219,858        -43.8 %
agreements
Total investment        656,658          527,926          553,214          510,434          501,817        30.9   %     579,646          431,799        34.2  %
securities
Intangible assets       308,730          123,881          125,257          87,372           79,708         287.3  %     186,628          77,621         140.4 %
Earning assets          6,254,128        4,496,341        4,489,187        3,972,280        3,766,889      66.0   %     5,086,351        3,614,606      40.7  %
Total assets            7,214,418        5,069,993        5,117,003        4,517,076        4,331,436      66.6   %     5,808,156        4,195,406      38.4  %
Noninterest-bearing     1,359,137        1,023,668        969,400          886,240          813,394        67.1   %     1,115,407        770,059        44.8  %
deposits
Interest-bearing        4,626,023        3,150,909        3,236,610        2,853,253        2,800,446      65.2   %     3,679,676        2,726,912      34.9  %
deposits
Total deposits          5,985,160        4,174,577        4,206,010        3,739,493        3,613,840      65.6   %     4,795,083        3,496,971      37.1  %
Federal funds
purchased and           251,551          297,025          319,602          247,970          223,844        12.4   %     289,143          222,877        29.7  %
repurchase
agreements
Other borrowings        93,849           54,461           54,713           47,555           45,908         104.4  %     67,818           46,196         46.8  %
Shareholders'
common equity           790,554          517,141          511,392          450,446          429,183        84.2   %     607,385          409,576        48.3  %
(excludes preferred
stock)
Shareholders'           837,185          517,141          511,392          450,446          429,183        95.1   %     623,099          409,576        52.1  %
equity







SCBT Financial Corporation
(Unaudited)
(Dollars in thousands)

                                                                                                     Third
                      ENDING Balance                                                                       Quarter
                      September 30,    June 30,         March 31,        December 31,     September 30,    2013 -
                                                                                                           2012
BALANCE SHEET         2013             2013             2013             2012             2012             %
HIGHLIGHTS                                                                                                 Change
Loans held for sale   $ 52,467         $ 47,980         $ 50,449         $ 65,279         $ 71,585         -26.7 %
Acquired loans          3,013,103        921,840          995,255          1,074,742        520,991        478.3 %
Non-acquired loans      2,741,242        2,665,595        2,604,298        2,571,003        2,517,352      8.9   %
Total loans (1)         5,754,345        3,587,435        3,599,553        3,645,745        3,038,343      89.4  %
FDIC receivable for
loss share              115,773          104,048          124,340          146,171          174,321        -33.6 %
agreements
Total investment        652,610          531,579          533,255          560,091          500,587        30.4  %
securities
Intangible assets       381,375          123,352          124,668          125,801          79,391         380.4 %
Allowance for
acquired loan           (31,141    )     (31,597    )     (31,277    )     (32,132    )     (31,138    )   0.0   %
losses
Allowance for
non-acquired loan       (36,145    )     (38,625    )     (41,669    )     (44,378    )     (46,439    )   -22.2 %
losses (1)
Premises and            184,959          109,794          110,792          115,583          105,579        75.2  %
equipment
Total assets            8,028,441        5,043,078        5,141,929        5,136,446        4,325,232      85.6  %
Noninterest-bearing     1,481,791        1,046,537        1,002,662        981,963          818,633        81.0  %
deposits
Interest-bearing        5,181,315        3,136,432        3,216,694        3,316,397        2,770,665      87.0  %
deposits
Total deposits          6,663,106        4,182,969        4,219,356        4,298,360        3,589,298      85.6  %
Federal funds
purchased and           233,792          262,447          328,701          238,621          226,330        3.3   %
repurchase
agreements
Other borrowings        101,347          54,372           54,638           54,897           45,807         121.2 %
Total liabilities       7,058,415        4,526,486        4,627,718        4,628,897        3,891,308      81.4  %
Shareholders'
common equity           905,026          516,592          514,211          507,549          433,924        108.6 %
(excludes preferred
stock)
Shareholders'           970,026          516,592          514,211          507,549          433,924        123.5 %
equity
                                                                                                           
Common shares
issued and              24,066,545       17,032,061       17,017,904       16,937,464       15,114,185     59.2  %
outstanding



                                                                                                           Third
                      ENDING Balance                                                                       Quarter
                      September 30,    June 30,         March 31,        December 31,     September 30,    2013 -
                                                                                                           2012
NONPERFORMING                                                                                              %
ASSETS (ENDING        2013             2013             2013             2012             2012             Change
BALANCE) (7)
Non-acquired
Non-acquired          $ 38,631         $ 40,854         $ 42,945         $ 48,387         $ 46,295         -16.6 %
nonaccrual loans
Restructured loans      10,837           11,689           13,636           13,151           12,882         -15.9 %
Non-acquired other
real estate owned       16,555           15,950           19,680           19,069           22,424         -26.2 %
("OREO")
Accruing loans past     122              198              121              500              156            -21.8 %
due 90 days or more
Other nonperforming    --             --             --             --             --         
assets
Total non-acquired
nonperforming          66,145         68,691         76,382         81,107         81,757        -19.1 %
assets
ASC Topic 310-20
Acquired Loans
Acquired nonaccrual     --               --               --               --               --
loans
Acquired accruing
loans past due 90      --             --             --             --             --         
days or more
Total ASC Topic
310-20 acquired        --             --             --             --             --         
loans
Acquired OREO and
other nonperforming
assets
OREO covered under
FDIC loss share         40,543           35,142           34,244           34,257           47,063         -13.9 %
agreements
OREO not covered
under FDIC loss         18,775           17,536           16,766           13,179           5,059          271.1 %
share agreements
Other nonperforming    718            -              26             44             57         
assets
Total acquired
Acquired OREO and      60,036         52,678         51,036         47,480         52,179        15.1  %
other nonperforming
assets
Total acquired
nonperforming          60,036         52,678         51,036         47,480         52,179        15.1  %
assets
Total nonperforming   $ 126,181       $ 121,369       $ 127,418       $ 128,587       $ 133,936       -5.8  %
assets
                                                                                                           
Excluding Acquired
Assets
NPLs as a
percentage of          1.81       %    1.98       %    2.18       %    2.41       %    2.36       %
period end
non-acquired loans
Total nonperforming
assets as a
percentage of total    2.40       %    2.56       %    2.91       %    3.13       %    3.22       %
non-acquired loans
and repossessed
assets (1)(4)
Total nonperforming
assets as a            0.82       %    1.36       %    1.49       %    1.58       %    1.89       %
percentage of total
assets (5)
Including ASC Topic
310-20 Acquired
Loans and Acquired
OREO
NPLs as a
percentage of          1.81       %    1.98       %    2.18       %    2.41       %    2.36       %
period end loans
Total nonperforming
assets as a
percentage of total    3.08       %    3.19       %    3.53       %    3.62       %    3.41       %
loans and
repossessed assets
(1)(4)
Total nonperforming
assets as a            1.07       %    1.71       %    1.81       %    1.84       %    2.01       %
percentage of total
assets
Including All
Acquired Assets
NPLs as a
percentage of          0.86       %    1.47       %    1.58       %    1.70       %    1.95       %
period end loans
Total nonperforming
assets as a
percentage of total    2.16       %    3.32       %    3.47       %    3.46       %    4.31       %
loans and
repossessed assets
(1)(4)
Total nonperforming
assets as a            1.57       %    2.41       %    2.48       %    2.50       %    3.10       %
percentage of total
assets







SCBT Financial Corporation
(Unaudited)
(Dollars in thousands)

                                                                                Third                             
                ENDING Balance                                                        Quarter
                September     June 30,      March 31,     December      September     2013 -
                30,                                       31,           30,           2012
OTHER ASSET                                                                           %
QUALITY         2013          2013          2013          2012          2012          Change
INFORMATION
Classified
Assets
(Ending
Balance) (11)
Classified      $ 94,820      $ 107,671     $ 121,222     $ 124,133     $ 135,095     -29.8 %
loans
OREO and
other            16,555      15,950      19,680      19,069      22,424     -26.2 %
nonperforming
assets
Total
classified      $ 111,375    $ 123,621    $ 140,902    $ 143,202    $ 157,519    -29.3 %
assets
                                                                                                                            
Tier 1
capital and
non-acquired    $ 725,471    $ 494,562    $ 484,744    $ 477,686    $ 444,200    63.3  %
allowance for
loan losses
Classified
assets as a
percentage of
Tier 1           15.35   %    25.00   %    29.07   %    29.98   %    35.46   %
capital and
non-acquired
allowance for
loan losses
                                                                                                                            
Non-acquired
Loans 30-89     $ 8,543      $ 10,957     $ 7,199      $ 7,189      $ 9,270      -7.8  %
Day Past Due
                                                                                                                            
                                                                                                                            
                                                                                      Third
                Quarter Ended                                                         Quarter   Nine Months Ended           YTD
                September                                 December      September     2013      September     September     2013 -
                30,           June 30,      March 31,     31,           30,           -         30,           30,           2012
                                                                                      2012
ALLOWANCE FOR                                                                         %                                     %
LOAN LOSSES     2013          2013          2013          2012          2012          Change    2013          2012          Change
(1)
Non-acquired
Loans:
Balance at
beginning of    $ 38,625      $ 41,669      $ 44,378      $ 46,439      $ 47,269      -18.3 %   $ 44,378      $ 49,367      -10.1 %
period
Loans charged     (3,815  )     (2,827  )     (4,148  )     (4,291  )     (5,506  )   -30.7 %     (10,790 )     (15,965 )   -32.4 %
off
Overdrafts        (479    )     (393    )     (459    )     (446    )     (434    )   10.4  %     (1,331  )     (1,228  )   8.4   %
charged off
Loan              1,095         436           826           550           481         127.7 %     2,357         2,605       -9.5  %
recoveries
Overdraft        154         140         219         131         129        19.4  %    513         470        9.1   %
recoveries
Net               (3,045  )     (2,644  )     (3,562  )     (4,056  )     (5,330  )   -42.9 %     (9,251  )     (14,118 )   -34.5 %
charge-offs
Provision for
loan losses
on               565         (400    )    853         1,995       4,500      -87.4 %    1,018       11,190     -90.9 %
non-acquired
loans
Balance at
end of
period,          36,145      38,625      41,669      44,378      46,439     -22.2 %    36,145      46,439     -22.2 %
non-acquired
loans
ASC Topic
310-30
acquired
Loans:
Balance at
beginning of      31,597        31,277        32,132        31,138        35,812                  32,132        31,620
period
Loans charged     --            --            --            --            --                      --            --
off
Loan             --          --          --          --          --                    --          --      
recoveries
Net               --            --            --            --            --                      --            --
charge-offs
Provision for
loan losses
on acquired
loans:
Provision for
loan losses
before
benefit           (456    )     320           (855    )     994           (4,674  )               (991    )     (482    )
attributable
to FDIC loss
share
agreements
Benefit
attributable
to FDIC loss     550         259         1,062       (778    )    4,218                 1,871       700     
share
agreements
Net provision
for loan
losses on        94          579         207         216         (456    )              880         218     
acquired
loans
Provision for
loan losses
recorded
through the      (550    )    (259    )    (1,062  )    778         (4,218  )              (1,871  )    (700    )
FDIC loss
share
receivable
Balance at
end of
period, ASC      31,141      31,597      31,277      32,132      31,138                31,141      31,138  
Topic 310-30
acquired
loans
Balance at
end of
period, total   $ 67,286     $ 70,222     $ 72,946     $ 76,510     $ 77,577     -13.3 %   $ 67,286     $ 77,577     -13.3 %
allowance for
loan losses
                                                                                                                            
Total
provision for
loan losses     $ 659        $ 179        $ 1,060      $ 2,211      $ 4,044                $ 1,898      $ 11,408  
charged to
operations
Allowance for
non-acquired
loan losses
as a             1.32    %    1.45    %    1.60    %    1.73    %    1.84    %              1.32    %    1.84    %
percentage of
non-acquired
loans (1)
Allowance for
loan losses
as a             1.17    %    1.96    %    2.03    %    2.10    %    2.55    %              1.17    %    2.55    %
percentage of
total loans
(1)
Allowance for
non-acquired
loan losses
as a             72.89   %    73.23   %    73.49   %    71.53   %    78.27   %              72.89   %    78.27   %
percentage of
non-acquired
nonperforming
loans
Net
charge-offs
on
non-acquired
loans as a
percentage of    0.45    %    0.40    %    0.56    %    0.64    %    0.85    %              0.47    %    0.76    %
average
non-acquired
loans
(annualized)
(1)







SCBT Financial Corporation
(Unaudited)
(Dollars in thousands, except per share data)
                                                                                                    Third              
                     ENDING Balance                                                                       Quarter
                     September 30,    June 30,         March 31,        December 31,     September 30,    2013 -
                                                                                                          2012
LOAN PORTFOLIO                                                                                            %
(ENDING balance)     2013             2013             2013             2012             2012             Change
(1)
Acquired loans         3,013,103        921,840          995,255          1,074,742        520,991        478.3 %
Non-acquired
loans:
Commercial
non-owner occupied
real estate:
Construction and       288,199          285,370          273,488          273,420          273,606        5.3   %
land development
Commercial            282,678        298,769        298,707        290,071        278,935       1.3   %
non-owner occupied
Total commercial
non-owner occupied     570,877          584,139          572,195          563,491          552,541        3.3   %
real estate
Consumer real
estate:
Consumer owner         498,734          460,434          443,134          434,503          430,825        15.8  %
occupied
Home equity loans     255,291        250,988        249,356        255,284        255,677       -0.2  %
Total consumer         754,025          711,422          692,490          689,787          686,502        9.8   %
real estate
Commercial owner
occupied real          814,259          802,125          796,139          784,152          787,623        3.4   %
estate
Commercial and         301,845          294,580          291,308          279,763          245,285        23.1  %
industrial
Other income           140,024          136,957          131,776          133,713          131,832        6.2   %
producing property
Consumer non real      116,312          104,239          93,997           86,934           86,729         34.1  %
estate
Other                 43,900         32,133         26,393         33,163         26,840        63.6  %
Total non-acquired    2,741,242      2,665,595      2,604,298      2,571,003      2,517,352     8.9   %
loans
Total loans (net
of unearned          $ 5,754,345     $ 3,587,435     $ 3,599,553     $ 3,645,745     $ 3,038,343     89.4  %
income) (1)
                                                                                                                                
Loans held for       $ 52,467        $ 47,980        $ 50,449        $ 65,279        $ 71,585        -26.7 %
sale
                                                                                                                                
                                                                                                                                
                     Quarter Ended                                                                                  Nine Months Ended
                     September 30,    June 30,         March 31,        December 31,     September 30,              September   September
                                                                                                                    30,         30,
SELECTED RATIOS      2013             2013             2013             2012             2012                       2013        2012
                                                                                                                                
Return on average
assets                0.66       %    0.99       %    0.84       %    0.52       %    0.83       %             0.81   %    0.77   %
(annualized)
                                                                                                                                
Operating return
on average assets     1.07       %    1.04       %    0.95       %    0.98       %    0.87       %             1.02   %    0.82   %
(annualized)
(non-GAAP) (3)
                                                                                                                                
Return on average
common equity         5.78       %    9.72       %    8.45       %    5.22       %    8.40       %             7.64   %    7.87   %
(annualized)
                                                                                                                                
Return on average
equity                5.71       %    9.72       %    8.45       %    5.22       %    8.40       %             7.56   %    7.87   %
(annualized)
                                                                                                                                
Operating return
on average common
equity                9.45       %    10.17      %    9.49       %    9.80       %    8.73       %             9.67   %    8.44   %
(annualized)
(non-GAAP) (3)
                                                                                                                                
Operating return
on average equity     9.18       %    10.17      %    9.49       %    9.80       %    8.73       %             9.54   %    8.44   %
(annualized)
(non-GAAP) (3)
                                                                                                                                
Return on average
common tangible
equity                10.39      %    13.48      %    11.92      %    6.91       %    10.74      %             11.82  %    10.13  %
(annualized)
(non-GAAP) (10)
                                                                                                                                
Operating return
on average
tangible common       16.43      %    14.07      %    13.30      %    12.59      %    11.26      %             14.75  %    10.83  %
equity
(annualized)
(non-GAAP) (10)
                                                                                                                                
Return on average
tangible equity       9.88       %    13.48      %    11.92      %    6.91       %    10.74      %             11.56  %    10.13  %
(annualized)
(non-GAAP) (10)
                                                                                                                                
Net interest
margin (tax           5.11       %    5.01       %    4.94       %    4.88       %    5.03       %             5.03   %    4.79   %
equivalent)
                                                                                                                                
Efficiency ratio      78.74      %    69.49      %    72.37      %    80.95      %    66.91      %             74.26  %    68.95  %
(tax equivalent)
                                                                                                                                
Operating
efficiency ratio      64.27      %    63.79      %    64.47      %    62.84      %    58.96      %             64.19  %    61.83  %
excluding OREO
expense
                                                                                                                                
Book value per       $ 40.31         $ 30.33         $ 30.22         $ 29.97         $ 28.71      
common share
                                                                                                                                
Tangible common
equity per common    $ 21.76         $ 23.09         $ 22.89         $ 22.54         $ 23.46      
share (non-GAAP)
(10)
                                                                                                                                
Common shares
issued and            24,066,545     17,032,061     17,017,904     16,937,464     15,114,185 
outstanding
                                                                                                                                
Common                11.27      %    10.24      %    10.00      %    9.88       %    10.03      %
equity-to-assets
                                                                                                                                
Equity-to-assets      12.08      %    10.24      %    10.00      %    9.88       %    10.03      %
                                                                                                                                
Tangible common
equity-to-tangible    6.85       %    7.99       %    7.76       %    7.62       %    8.35       %
assets (non-GAAP)
(10)
                                                                                                                                
Tangible
equity-to-tangible    7.70       %    7.99       %    7.76       %    7.62       %    8.35       %
assets (non-GAAP)
(10)
                                                                                                                                
Tier 1 leverage       10.0       %    9.2        %    8.8        %    9.8        %    9.3        %
(9)







SCBT Financial Corporation
(Unaudited)
(Dollars in thousands, except per share data)
                                                                                                                
                     Quarter Ended                                                              Nine Months Ended
                     September    June 30,     March 31,    December     September              September    September
                     30,                                    31,          30,                    30,          30,
RECONCILIATION OF    2013         2013         2013         2012         2012                   2013         2012
NON-GAAP TO GAAP
                                                                                                                          
Pre-tax,
Pre-provision
Operating Earnings
(6)
Net income (GAAP)    $ 12,054     $ 12,532     $ 10,649     $ 5,910      $ 9,063      33.0  %   $ 35,235     $ 24,121     46.1  %
Provision for loan     659          179          1,060        2,211        4,044      -83.7 %     1,898        11,408     -83.4 %
losses (1)
Provision for         6,804      6,173      5,174      2,552      4,938     37.8  %    18,151    12,576    44.3  %
income taxes
Pre-tax,
pre-provision          19,517       18,884       16,883       10,673       18,045     8.2   %     55,284       48,105     14.9  %
income
Securities gains       --           --           --           (128   )     --                     --           (61    )
Merger and
conversion related    10,397     860        1,963      7,552      568                  13,220     2,662  
expense
Pre-tax,
pre-provision        $ 29,914    $ 19,744    $ 18,846    $ 18,097    $ 18,613    60.7  %   $ 68,504    $ 50,706    35.1  %
operating earnings
(non-GAAP)
                                                                                                                          
Operating Return
of Average Assets
(3)
Operating return
on average assets      1.07   %     1.04   %     0.95   %     0.98   %     0.87   %               1.02   %     0.82   %
(non-GAAP)
Effect to adjust
for securities         0.00   %     0.00   %     0.00   %     0.01   %     0.00   %               0.00   %     0.00   %
gains (losses)
Effect to adjust
for merger and        -0.41  %    -0.05  %    -0.11  %    -0.47  %    -0.04  %              -0.21  %    -0.05  %
conversion related
expenses
Return on average     0.66   %    0.99   %    0.84   %    0.52   %    0.83   %              0.81   %    0.77   %
assets (GAAP)
                                                                                                                          
Operating Return
of Average Common
Equity (3)
Operating return
on average equity      9.45   %     10.17  %     9.49   %     9.80   %     8.73   %               9.67   %     8.44   %
(non-GAAP)
Effect to adjust
for securities         0.00   %     0.00   %     0.00   %     0.08   %     0.00   %               0.00   %     0.00   %
gains (losses)
Effect to adjust
for merger and        -3.67  %    -0.45  %    -1.04  %    -4.66  %    -0.33  %              -2.03  %    -0.57  %
conversion related
expenses
Return on average
common equity         5.78   %    9.72   %    8.45   %    5.22   %    8.40   %              7.64   %    7.87   %
(GAAP)
                                                                                                                          
Operating Return
of Average Equity
(3)
Operating return
on average equity      9.18   %     10.17  %     9.49   %     9.80   %     8.73   %               9.54   %     8.44   %
(non-GAAP)
Effect to adjust
for securities         0.00   %     0.00   %     0.00   %     0.08   %     0.00   %               0.00   %     0.00   %
gains (losses)
Effect to adjust
for merger and        -3.47  %    -0.45  %    -1.04  %    -4.66  %    -0.33  %              -1.98  %    -0.57  %
conversion related
expenses
Return on average     5.71   %    9.72   %    8.45   %    5.22   %    8.40   %              7.56   %    7.87   %
equity (GAAP)
                                                                                                                          
Return on Average
Common Tangible
Equity
Return on average
common tangible        10.39  %     13.48  %     11.92  %     6.91   %     10.74  %               11.82  %     10.13  %
equity (non-GAAP)
Effect to adjust
for tangible          -4.61  %    -3.76  %    -3.47  %    -1.69  %    -2.34  %              -4.18  %    -2.26  %
assets
Return on average
common equity         5.78   %    9.72   %    8.45   %    5.22   %    8.40   %              7.64   %    7.87   %
(GAAP)
                                                                                                                          
Operating Return
on Average Common
Tangible Equity
Operating return
on average common      16.43  %     14.07  %     13.30  %     12.59  %     11.26  %               14.75  %     10.83  %
tangible equity
(non-GAAP)
Effect to adjust
for securities         0.00   %     0.00   %     0.00   %     0.08   %     0.00   %               0.00   %     0.00   %
gains (losses)
Effect to adjust
for merger and         -3.68  %     -0.45  %     -1.05  %     -4.66  %     -0.33  %               -2.03  %     -0.57  %
conversion related
expenses
Effect to adjust
for tangible          -6.97  %    -3.90  %    -3.80  %    -2.79  %    -2.53  %              -5.08  %    -2.39  %
assets
Return on average
common equity         5.78   %    9.72   %    8.45   %    5.22   %    8.40   %              7.64   %    7.87   %
(GAAP)
                                                                                                                          
Return on Average
Tangible Equity
(10)
Return on average
tangible equity        9.88   %     13.48  %     11.92  %     6.91   %     10.74  %               11.56  %     10.13  %
(non-GAAP)
Effect to adjust
for intangible        -4.17  %    -3.76  %    -3.47  %    -1.69  %    -2.34  %              -4.00  %    -2.26  %
assets
Return on average     5.71   %    9.72   %    8.45   %    5.22   %    8.40   %              7.56   %    7.87   %
equity (GAAP)
                                                                                                                          
Operating
efficiency ratio
excluding OREO
expense
Operating
efficiency ratio       64.27  %     63.79  %     64.47  %     62.84  %     58.96  %               64.19  %     61.83  %
excluding OREO
expense
Effect to adjust
for OREO and loan      3.68   %     4.37   %     4.84   %     5.41   %     6.95   %               4.21   %     5.47   %
related expense
Effect to adjust
for merger and        11.05  %    1.33   %    3.06   %    12.70  %    1.00   %              5.93   %    1.65   %
conversion
expenses
Efficiency ratio      78.74  %    69.49  %    72.37  %    80.95  %    66.91  %              74.26  %    68.95  %
(Tax Equivalent)
                                                                                                                          
Tangible Book
Value Per Common
Share (10)
Tangible book
value per common     $ 21.76      $ 23.09      $ 22.89      $ 22.54      $ 23.46
share (non-GAAP)
Effect to adjust
for intangible        18.55      7.24       7.33       7.43       5.25   
assets
Book value per
common share         $ 40.31     $ 30.33     $ 30.22     $ 29.97     $ 28.71  
(GAAP)
                                                                                                                          
Tangible Common
Equity-to-Tangible
Assets
Tangible common
equity-to-tangible     6.85   %     7.99   %     7.76   %     7.62   %     8.35   %
assets (non-GAAP)
Effect to adjust
for tangible          4.42   %    2.25   %    2.24   %    2.26   %    1.68   %
assets
Common
equity-to-assets      11.27  %    10.24  %    10.00  %    9.88   %    10.03  %
(GAAP)
                                                                                                                          
Tangible
Equity-to-Tangible
Assets (10)
Tangible
equity-to-tangible     7.70   %     7.99   %     7.76   %     7.62   %     8.35   %
assets (non-GAAP)
Effect to adjust
for intangible        4.38   %    2.25   %    2.24   %    2.26   %    1.68   %
assets
Equity-to-assets      12.08  %    10.24  %    10.00  %    9.88   %    10.03  %
(GAAP)







SCBT Financial Corporation
(Unaudited)
(Dollars in thousands)
                                                                                        
                      Three Months Ended
                      September 30, 2013                         September 30, 2012
                      Average         Interest      Average      Average         Interest      Average
YIELD ANALYSIS        Balance         Earned/Paid   Yield/Rate   Balance         Earned/Paid   Yield/Rate
                                                                                               
Interest-Earning
Assets:
Federal funds sold,
reverse repo, and     $ 418,104       $   505       0.48    %      210,080       $   282       0.53    %
time deposits
Investment
securities              507,575           3,315     2.59    %      345,693           1,902     2.19    %
(taxable)
Investment
securities              149,083           1,202     3.20    %      156,124           1,172     2.99    %
(tax-exempt)
Loans held for sale     53,204            543       4.05    %      56,300            492       3.48    %
Acquired loans, net
of allowance for        2,427,583         48,462    7.92    %      501,214           16,004    12.70   %
acquired loan
losses
Non-acquired loans     2,698,580       29,673    4.36    %     2,497,478       29,683    4.73    %
(1)
Total
interest-earning        6,254,129         83,700    5.31    %      3,766,889         49,535    5.23    %
assets
                                                                                               
Noninterest-Earning
Assets:
Cash and due from       125,038                                    80,332
banks
Other assets            873,835                                    531,469
Allowance for
non-acquired loan      (38,584   )                               (47,254   )
losses
Total
noninterest-earning    960,289                                  564,547   
assets
Total Assets          $ 7,214,418                               $ 4,331,436 
                                                                                               
Interest-Bearing
Liabilities:
Transaction and
money market          $ 2,560,685     $   832       0.13    %    $ 1,548,673     $   712       0.18    %
accounts
Savings deposits        561,773           115       0.08    %      307,087           115       0.15    %
Certificates and        1,503,519         1,752     0.46    %      944,709           1,143     0.48    %
other time deposits
Federal funds
purchased and           251,551           92        0.15    %      223,844           105       0.19    %
repurchase
agreements
Other borrowings       93,849          1,239     5.24    %     45,908          551       4.77    %
Total
interest-bearing        4,971,377         4,030     0.32    %      3,070,221         2,626     0.34    %
liabilities
                                                                                               
Noninterest-Bearing
Liabilities:
Demand deposits         1,359,137                                  813,372
Other liabilities      46,719                                   18,660    
Total
noninterest-bearing     1,405,856                                  832,032
liabilities
("Non-IBL")
Shareholders'          837,185                                  429,183   
equity
Total Non-IBL and
shareholders'          2,243,041                                1,261,215 
equity
Total liabilities
and shareholders'     $ 7,214,418                               $ 4,331,436 
equity
                                                                                
Net interest income
and margin (NON-TAX                   $   79,670    5.05    %                    $   46,909    4.95    %
EQUIV.)
Net interest margin                                 5.11    %                                  5.02    %
(TAX EQUIVALENT)

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SCBT Financial Corporation
(Unaudited)
(Dollars in thousands)
   

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