SSB - Earnings call transcript Q4 2017

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Operator

Good morning and welcome to the South State Corporation Quarterly Earnings Conference Call. Today's call is being recorded and all participants will be in listen-only mode for the first part of the call. Later we will open the line for questions with the research analyst community. I will now turn the call over to Jim Mabry, South State Corporation, Executive Vice President in-charge of Investor Relations and M&A.

Jim Mabry

Thank you for calling in today to the South State Corporation earnings conference call.

to our that financial want forward-looking discussion I regarding statements condition beginning, remind the listeners contains Before and results. Slide regarding non-GAAP to statements refer number cautions for Please regarding and discussion the measures. of use X forward-looking I Executive the who Chief Hill, Officer like would will to now Robert our introduce call. begin

Robert Hill

then, providing more look will will near the term research we John overview Pollok XXXX detail. insight performance with Good morning. the an some our I and the on in year review And forward to call from the of then provide conclude focus. questions analysts.

I Before assets in commenting tangible period on to adjusted good were relatively low markets, we earning was were share. how recent come and return ago, on relatively years performance, far has South but returns short with in $X five a on market average want State XX deposit billion bank on asset equity Adjusted points Only time. basis of reflect an XX.X%.

made. markets. years, tripled on very pleased and Today, combined we to tangible with operation X% the the X.XX% our We of respectively. equity XX% we sights and [indiscernible] have market During that years I'm share And to in been and market have in to share. assets and size two footprint out share winning be in of and set and have a have returns number more dense set average deep almost great ago a top accounts past over on taken has our asset almost five progress

company the of the financial a in significant forward turn was me Now strong. to number XXXX, saw very let performance of the steps year

ROA are and quarter has importantly, market is This performances Georgia more from the share Bank with branches X.XX% The customers. South $X.XX% significant $X.XX on systems beginning well. per XXX,XXX year. merger We tangible developments financially place in we but recorded million established of per talent adds integration the saw crossing progressing consummated XXX company and billion diluted was merger the average changes return was acquisitions Teams for meaningful and equity. Corporation acquisition, Sterling Richmond opportunities of income take and have $XX on Richmond on in over completed year for asset among tremendous the and added Augusta diluted seeing On the Southeastern totaled year or for completion market. two tangible Financial the added or over addition growth. the this the Georgia conversions to in representing net income and in State, equity Virginia strong The branches the The share XX, and presence a million will stretching and Richmond net second have the Aiken serve respectively. Adjusted $XX.X XX.XX% contributed represents we of Park and in November return Hill markets. a Carolinas in $XXX.X density For our and return at XX Charlotte and the $X.XX average now a Virginia threshold. X.XX% to regulatory meaningful

to was performing is goal lines in impact of crossing all growth deposits our balanced the of produce very continues X.XX% an were ago, bank. and will financial also Soundness to principle Several State. still $XX with only Core and markets billion of It's level on call are threshold. for team's excluding important $XX,XXX. gratifying I'm turn asset for years year-end annualized loan a we set the our X strength operating average base South the Park account approximately deposit quarter. of over of X%. represent of the core at bank ability growth large basis size net company Production that businesses. challenges a these across performance totaled the very proud I was high Non-performing assets Funding to funding this of said business and detail report regulatory points the base Sterling of of for total and the now strong. at our assets more deposits remained XXXX. is quality of navigate a to be XX% customer comprised charge-offs John a Pollok

John Pollok

$X.XX of you, per significantly impacted month. which tax X, Slide Sterling as of Adjusted million the an tax Reform result back quarter Act the for the merger see the these respectively. net tax forward. for excludes as income We to you deferred tax the expenses represents adjusted diluted It quarter in was as number the costs with Park of see million impact for of $X.X for number $XX assets Park on X, Starting average merger On fairly effective Sterling related going by can tangible to lower on the increase diluted November XX. revaluation $XX.X which million revaluation due was a $X.XX% expect the per rate Slide XX.XX% asset Thank $XX.X merger the well million. Robert. a interest earned of quarter the totaled Tax net you $XX.X share. or asset of quickly and number be would to one of This four, deferred return DTA million net share. the items and the can closed on of and equity On the or income Slide net income addition $X.XX

show balances number assets to of the our in interest terms quarter, at as well X.XX%. earning as the Slide X, X the average of quarter balances for basis For the both our margin composition points we you the year-end. expanded On

portfolio, of yield X.XX% quarter. quarterly behind which earning portfolio average generated earned XX% the assets acquired As made in. X, third the include you acquired X.XX% appeared at number have represents increased On quarter. total book our but on can of interest the loan the see, total our acquired of up the impaired XX% represented for assets details the acquired disclosure portfolio we Slide yield for this a interest earning non-credit total to now The

of shows the the which the points from impact of improvement forward Park the efficiency quarter the to paydowns X yield. acquired quarter. The discount expenses earned see Park to basis Park non-credit on accreted was will the components the is the adjusted acquired payoffs under remaining contractual due down this In well in portfolio portfolio Switching yield very for merger. total future portfolio obviously impaired. total, yield little merger pace X.XX% The determine enhancing our gives portfolio X.XX% quarter. income impact impact as the of be accretion the this of the the non-interest prior non-interest of loan as can non-interest generated and to periods. had number was recognized. the Slide increased an and purchase portfolio accretion was Sterling the credit Sterling in just update ratio X continued from impaired accounting number X You going for XX% on which merger. XX% the Slide Sterling as the This both

looking on track forward amount second small saves are We are in our a and quarter. the December already on in systems having conversion to achieved completing the cost

and we some a the investment portion shared money do down portfolio portfolio in balance of As proceeds. selling with some periods, in doing as post we the credit national paying sheet the merger such acquired normally borrowed are repositioning

or in earnings see book the number Slide this can value quarter shows progress You have with on the and tangible XX made two significant tangible the over now year-over-year. over the number decline $X.XX improved the summary will growth we Slide years share to calendar $X.XX per XX. And Robert comments. during year, our mergers turn X.X% still value for call some I book

Robert Hill

We to the South for look John. you, forward Thank ahead years State.

and the been two We get over term, busy integration become Sterling. In have to building the of focus near conversion the We the share we on market have more keen efficient. have years. Park and opportunity now a successful better last

will further We gains. us our market we product our meaningful in remarks. concludes customers share make processes experience That offerings advances also that and enable to make to intend and expect prepared enhance

would to I So for questions. call the operator open ask the

Operator

question questions. Sandler The of open now line first Scouten Stephen the from will Please ahead. We for go comes O'Neill. [Operator Instructions]

Peter Ruiz

This guys. for morning, actually Peter Stephen. is Ruiz Good on

Robert Hill

morning. Hey, Good Peter.

Peter Ruiz

first a the maybe mid-teen at just of give double-digit and growth and XXXX. color Hey, maybe growth. on loan slowed looks to you kind into Can pace. of from maybe pace. pipeline is maybe here XX% higher I bit so in a single-digit net base I the the a what or like XXXX a rebound to maybe if can little what a touch on But kind going lower of XX%, bit in mean maybe wanted earlier year strong it's organic certainly growth little to

Robert Hill

on Peter, this and Robert is overall. touch just

XXXX kind quarters XXXX is start the first on me of Let just with really two of strong. touching were

across in Georgia southeastern January acquired XX. We also of Bank

really So very about felt really the and has -- really But the good terms as on loan had through may but we the good us we board We annualized markets a good markets had had rest balanced some had we so growth, slowdown because saw very markets, kind -- slowdown but It board. what lead the up start of to of across loan we C&I, None pipeline X% be had in of growth. a lot X% the about the the overall our metro seen coastal our first strong towards just in was we really quarter going was most X% of strong. growth year. really at to was continued the the fourth half, balance and We'll it XX% numbers. for That That's good of for ended that like XXXX just felt thought dispersion consumer it geographic seasonality. mid markets, felt of and single-digit bit growth. overall we took and high CRE we be see. XXXX across central year, the mainly of the some little the

closed growth November. I a is Park unusual think We a from in little loan XXXX perspective.

Park loan of portfolio. and itself that yes, in So in closed turbulence in November some of we terms creates the

all of to we then As our management seriously. we reposition, and pretty tend concentration buy kind with take of mergers,

for example, Park the just of So do level than in higher we CRE bank. and had a C&D

up. kind levels still our But, XXX of XXX and levels. below And it we're the takes So well

XXX, those runway we've to XXX in get level. So to roughly $X got billion

grow our mean lot we we've So segments to to loan a to terms the sheet there's inside grow sheet of doesn't of reposition be want strength just primary our that It plenty that's portfolio. balance in But really get but in firepower headed. to our those sheet where will left balance categories focus we're the balance of got means that it. inside

we the were back go to you they Federal, much if a First So pretty when bought thrift. them

was book high. loan So it our too our up took portfolio XX% of

you today that If been over years repositioning last we've XX% portfolio. and look few is the

to So be said, we're with of all period up mainly half growth first in to But with in up half is the going pick of be probably of the growth a began the to the see that to still more this get in be Sterling. the double-digit rate. won't because then think back to second number year Park get of And run XXXX repositioning going year to second we half we a kind muted will normalized XXXX. begin loan of

Peter Ruiz

to point in it in extract you That's Sterling any really Is or saves -- first this terms cost in of -- anything -- at some helpful line the acquisition guys it. opportunity with maybe additional do you in just relatively And guess track. here Park integration the is there cost cost incremental mentioned appreciate on XX% guided that are saves. see the still I I saves guys

John Pollok

John. Peter, this is

think I track. on we're

and side of more opportunity the the of a retail where synergy and mortgage side We with the Park opportunity team we wealth on side. on see side. the think I time spent and is the lot tremendous the

But really still on conversion got are on the the first we're synergy side, of year. half side things feel the we're some helpful. we still through the -- to right So to this going feel like very part of first going we like expense get on that We the to see year very, be track.

Peter Ruiz

I great. you. That's Okay. step back for will Thank now.

Operator

question next from Stafford of comes Tyler Stephens. go The Please ahead.

Gordon McGuire

in for Hey, guys. Gordon McGuire filling This Stafford. Tyler is

Robert Hill

Good morning.

Gordon McGuire

wanted just back touch the balance I restructuring on Sterling. on First to Park sheet

line doing you'll out some the in already that called this items You be call. of

kind potential if had any So commentary when And you I see with impact you NIM wanted everything on be to think and any to just normalized. you can restructured additional from done of this? then,

John Pollok

obviously, in is one Park's This John. our only numbers Well, in for the quarter. month

quarter. From The have mentioned going a all going first be in Park intact the remixing time completed has full acquisitions NIM's our to like major some the we once done. quarter. to in that like clearly we've So we only the loan and there is feel take going all won't the it balance really thing be for other repositioning, be is, of will the us Robert that's of to that portfolio with sheet

Gordon McGuire

And appreciate for around core of I then from here. the would just What thoughts year? for general accretion this Park quarter. trajectory rate the up run coming just kind new of the kind following NIM a disclosures accretion be the And on your Sterling would be. expectations then, What that with good this any

John Pollok

back quarter down to Slide of Well, take as for I'll I part that I your X. run being But attention just number or two a the rate. in mentioned one settle to month. to kind get turn

acquired million you so credit average non-credit needs And pour then weighted that million line a that you pour up in impaired go that's bucket at accretion three bucket you to four acquired So year look and at impaired a another when the to over going probably in got look know on there to if $XX the life. you've in. you $XXX

Gordon McGuire

I any didn't in That's the levels this deployment tax I the around press any and capital had within commentary was your it And wondering strategies if you thoughts release, on regime? your new but year. helpful. rate tax any see expectations

John Pollok

little the about. land. XX%. rate Robert that's in bit our where tax some today I'll on a it Clearly chime review, to past our of start feel under and we'll will I still but tax rate things get we're looks strategy, done. be whereas deployment probably to really into that the [indiscernible] under in we're like to the thinking [indiscernible] first We second some like invest the think on faced going year. going in just of our There back is get I Clearly that to a companies, most invest clearly back we company. things half -- we're excited with want From

Robert Hill

So, just the positives with tax obviously in This is a QX. numbers Obviously, I of there our lot Robert. first couple is mean come of are a additional impact. comments. that hurt

in so build there And value tangible we book not did that QX. some is get

close So to least evaluate and some we a increases that like there we want that that sense dividend at is things to earn. of as like gap

that Some of million back [indiscernible] $XX in of terms build.

terms we're impactful deploy balanced there of is strength. going think the evaluation we're and a It's in and revenue secondly stage I think in will company, be I very the approach. to combination how to that obviously a

can shareholder I think we'll drawing might a look been Certainly, the at XXXX obviously what we some need to accelerate our dividend and XXXX. do for what can from that XXXX or on we process have strategic into the from things for there that do we planning board perspective. are

so things And balancing. the those are we're

or any made in final around impacted We those have will shareholder investments coming not the quarters. decisions but

Gordon McGuire

That's helpful. That's you, you. guys. Thank Thank questions Great. all my today.

Operator

of Miller Katherine from Please comes question next KBW. ahead. go The

Katherine Miller

Thanks. Good morning.

John Pollok

Good morning.

Robert Hill

Katherine. Hi,

Katherine Miller

One other one margin. the on

your funding -- how Turning mean I to costs really the low. much are side, of funding the still

CD mean it a So quarter. in in versus lot was looking that How core quite it, but your Park adding much an increased of impact Sterling don't to just rates? your at rate, CD knock from of increase the linked I

John Pollok

about probably X or X points. There's basis

Katherine Miller

from Park Sterling? Was Okay.

John Pollok

Yes.

Katherine Miller

what deposit you're kind Okay. what's And your you and seeing give behavior your think terms your far? remix outlook the betas about us you markets deposit on as commentary for can in any the on side of funding portfolio in of of so

Robert Hill

kind in don't their thoughts a -- chasing guess you side Katherine, rate outliers terms is that the ours. from of the because That's bulk few and chasing banks. I maybe really general the from see is this balance my don't -- Robert. see large share We where seeing that my on the structure large the than anticipate general of of deposit banks sheet is. as deposit certainly different

a lot As a customers in you deposit we lot have our book. of know, of and granularity

funding had growth feel we consistently kind to good So pretty of about decades. core good and really we've piece that our manage kind for of ability

really overall good. feel So

your much around demand. deposit I ultimate growth it's just the not loan to loan is go answer think think question up. how and I rates really

see spend into deposit that companies betas of determination the or economically move. really ultimate think I money? end how move we big and tax of year impact level has being as up of will invest reduction that demand. of So this how an we to the How the kind decide

Katherine Miller

pressure would balance the And could half the you we'll will the help side less probably little that argue bit first that of year, in probably growth little the all cost of a see when sheet. well that as a the lower from funding rate on bit put which

Robert Hill

go we a just or it something over excess that we is don't a I funding need need not or mean just certainly the portfolio I quarter feel lot to at out manage way. decades securities attract do. exactly and don't We just margin. two. just out a funding get going the look we're But build to out to of and thin go just really always

the going on to and focus help funding core in and growth support have portfolio. around is loan the we be Ours

Katherine Miller

And Okay. your of the the from What that's another And for are follow-up the acquired pace great. side. expectations run-off acquired then, book? on

John Pollok

the really that. And John. all this acquired quarters I'm question Katherine, a take loan not get couple a us they're is But great it'll I Park our book. very of to our That's think different. size now get kind our of arms doubled of sure around

Katherine Miller

pulling you one shared size of? or maybe are that out net are on selling this up the -- And the that. of Was of Okay. you portfolio

John Pollok

$XX million.

Katherine Miller

or already the the one million? timing of Okay. And quarter? $XX that is that's that happened

John Pollok

quarter. We've fourth have of bit process. little a quarter, this we out in to the done in go that We're more some

Katherine Miller

Thank got. I you. all That's right. All Okay.

Operator

Jennifer SunTrust. next go question ahead. The of comes Please Demba from

Jennifer Demba

morning. Good you. Thank

Robert Hill

Hi, Jennifer.

Jennifer Demba

the year. last do disproportionately. paydowns I'm in for you the mergers me, to back heat the of saw you a the lot environment topic XXXX; curious I growth other the Was XXXX, in excuse just feel And new on an the mean to in that entrants like impact, industry your also markets First did guys expanding up all given market. competitive the loan

Robert Hill

that's at competitive of is all. of really thought that the see last Jennifer, have landed. don't we or there growth a X kind time and year, Robert. where beginning had loan we shift all. felt really this at We -- experienced we we I we was at seen this not digit said, we % -- where have high-single Had

we So of unique. we where timing we would little felt was the our thought like a overall kind landed

it we front back when you're working thought loaded good, Some really we $X.X $X.X more about and of on the But that came Southeastern than of roughly We loaded. X% the all that about to organically types overall felt as ability pretty the end mix as really one. in through in we're portfolio especially a pipeline business end a overall business four billion bringing overall year and a from grow you're the probably of good their We have of lines feel while. business year. and in

you huge see run segments, certain the in this Now marketplace CRE. up did the in

participated down out. chunkier second of the saw did year. probably the see and we they year. And certainly Some that and we be of we Those a those little half had the tend slow one. second number multifamily hospitality they companies had the But, multifamily bigger the are and some lending of certainly the go saw to those done we and bit the a segments being some hit we pay life of did year in not. of hospitality. of when you more half in second in loans half to insurance the some some done we that in, did lending There's We also

Jennifer Demba

Okay.

maybe your some planning Second product call some us that are and mentioned question, Can detail in early add changes your make there? to to more processes. give set, you the you to you

Robert Miller

I'd the by it one, little question Sure. goes on a say funding. biggest as Katherine's kind of bit well

gap of terms the of banks top banks between that significant in at and markets, a really because the is and a a us number look X biggest how our the our If but because we're opportunity our have markets our large now, in players or in just two in other we market And lot you share markets are there's market have and the share. front market us pretty one of lot of they we're share. small in big don't interests positioned

companies. So for middle what opportunities C&I, is more we're more seeing type more market

So new with Park rolling out a platform. Treasury we're

opportunities elevates to a the on got it we platform. that people treasury the So have area of area. really Treasury management people and We've good leadership that really group in tag

that that or using products did in main next and that's our type that we're we So this of gaps years to all on the analysis strategic in We digital a our digital year. plan have terms any we XXXX a focused a on products. close gap really one are digital over of processor three remain

past Some for we the We said of to back to quickly. able be close we XXXX that. of a little kind you those timeline think accelerate that faster, with equate goal XXXX, for cut to but XXXX year get obviously, for for Park able if the bit the may number for was pretty want that do our as and our to And focus we'll the then, tax well. be we one Sterling of Southeastern that And is one number year.

number mortgage dollars, our year. one XXXX. two two number in mortgage they of If had you the They the top the group in during service producer producers terms in of had investment look in units terms

us forward. then And that the for the that's investments having technology in begin we'll first XXXX a year focused going heavily to second is making that this of where months of a the and we're well is execution get sure [ph] going that Park execute really be similar be to accelerate is we do of good same So And the big [effectives] helped some as where of year. team integration to half Southeastern that way and we six results. going we way. these

Jennifer Demba

Thanks so much.

Operator

Marinac Christopher Partners. from go ahead. of comes question next The Instructions] FIG [Operator Please

Christopher Marinac

it these the to upside example. last if wanted of an as we to on question the kind thinking to Thanks. Is continue fair where markets, Charlotte line want in as your at pertains of part second still of morning, conversation last Robert. first use Good I that market in the that you you you're of compared fall. It's be? or the inning the Investor Day to started

Robert Hill

we So early. I are mean,

from XX We bottom we have been years, of there bottom right? on up. been kind the call calling from been for We've have So, of up. kind the

Now offices we're other up share have market. business was a there We build mean have number but to to same meaningful that six Richmond great market and take platform delivery just if really in wealth same we it's not or there in a and kind it bring in you look I system much past have XX in dynamic focused we whether been is robust robust Raleigh. a those it But the now dynamic has just of that think market bank. same very example. for it's team in that Sterling lines more Have of Chris. commercially and we we mortgage, of Charleston retail, Park a

markets one of where number know share. market we you are As the two in

that of a bowl] deposits the market. of in that to a twice billion, roughly have have billion branches the Wells But in kind number Fargo We applies in math have even almost branches And of and has. They same for have same number that. the we Charleston [green Charleston Savannah. we [ph] same $X.X $X.X or

it whole I place. just at infrastructure But in and great leadership. we is and think infrastructure Richmond it's the have don't infrastructure other we have now Charlotte footprint Raleigh, in we all the we Savannah great need lot Charleston that of So really we and in across have in that a in our have markets,

of market addition go increase our could share very infrastructure. terms meaningfully little in of kind with and we could in So branch

Christopher Marinac

then have helpful. is on to will big That's difference the And put just a massive help. a of incrementally makes on this that don't technology more just infrastructure because a second, a that handful market just a you footprint for Got to changes of continue it. very Raleigh where have

Robert Hill

Yes, absolutely.

for area; vertical going market. got to be on business out going be to branch begun market of Park We've build us that's side. it's in a think since the we brought in November. like heavy has this all of our and Head the Mortgage a that team care to commercial Sterling add health in I a We dental out. just been We've Group a begin to new talent will closed Raleigh in done and

there making Richmond. really good So some inroads in as

Christopher Marinac

last is kind in that for we se, And but of question know scheduled? of time John. that one accretion not if versus or any The fourth it's of curious of that saw that how the per is quarter, Okay, scheduled was not much sort accelerated just great. I

John Pollok

Yes.

we due prepayments. some Chris, paydowns million you this. $X.X Of we're about that course, going to have when million look at of was $XX.X at But that when look that to

Christopher Marinac

it you . Okay, perfect. Thank guys. Appreciate much very

Operator

The ahead. NAB comes Nancy Bush next question from of Research. Please go

Nancy Bush

business. the Is stand Good you the size there? in customers of that and sized for morning, new it bringing gentlemen. Quick you in question new adequately do on your fiduciary and of Where asset management are terms footprint businesses.

Robert Hill

this Nancy, is Robert.

overall So %. in were just last revenues that up XX area year year-over-year

and related a Southeastern have very that of group Southeastern Some wealth is team. wealth strong

%. we We just QX -- QX, X QX are seeing to but grew

and quarter continue seeing really across to nice ability talent. So really we're board. fourth One, we the add we strong the have really some a it had to

We have in kind being gone space players many one really a from just of few. of that one to of

managers mostly the money team early have very group go wealth well. calls be where a in to we in we very, we just used toe in competitive with So getting the toe with place situation larger we're to that the phone the

as have recruitment good. of line new into has equity well. new, managers portion business The training and The also new well. that played our obviously wealth been the favor customer the sales So to really going of markets base help that's

very So that has wealth base. helped a GBT strong has

Park we present markets But and that really So banks those especially was not the and the Richmond as Sterling have in that's commercial in opportunities additive. obviously strong Charlotte really been and upside. the with Raleigh well.

I the Charlotte, do wealth other significant this markets think The So they're in potential as market. Raleigh, well. Richmond and

Nancy Bush

to are lead larger, that you sort this of the you're you of a fee question. and up And riches.? would businesses might be have targets me need in tax that a just some the as grow fee businesses is of follow Do not now there that grow reinvestment to of proportionately there

Robert Hill

talk lot we and And them about are like like in. really in. lines we we've really a that that Nancy, of markets the business four we're

focus the taking four markets really that market be executing advantage good business. our going we're in So and to our of of in, is lines on position

It I make inside be can the the we're focused just the will the primarily do that will overall efficient of lines four investments of type will like process things we more our to be that more to the But, make now. customers on technology self-service in think and transition technology. business will existing bank. it be that

We business in the finance years, continue are at regional will to businesses. expansion. home been some so where we that's more look for an in area mobile We've

market technologically, is of wealth mortgage too front period process business growth retail of in long continued over for last some in a that We think lines. just that in rolled to our of opportunity general this also to really our us business our out four both and the vertical around improve time. build terms lot. commercial not market certainly further we -- have of done liked That's focus go know and much something those months, footprint. for improve of a or don't is we see and each line we in well We really can to ripe the with XX just the line really is But we haven't primary

Nancy Bush

-- just ahead. quickly go And

John Pollok

John. This is

in business, just overall theme have I our lot capital the is of company think a the whether optionality of concentration. line its we

as the of we So market advantage we optionality, want we can think take maintain I think is what view our us. forward will that give so going about to

Nancy Bush

just platform and be or acquired had in? sort a of Sterling know Park bringing. You if think comment you markets quarter seen with Can And scale you something of on you capital investing opportunities quickly that inherited that? sort you're kind to and some that's I platform of that just the of last that you was going

Robert Hill

the There's really parse commercial whole I to not capital commercial lending there's markets, mean, I it the pieces and The capital speaks there is bank. Treasury, space. Robert. this markets. are It's think

to size, with getting larger to was opportunities. overall ago the have just of to compete we're situation. all very opportunities difficult those me five that to of commercial footprint. our bring it you our weapons Let some commercial speak really that in And to the years of Today is

a bring credit the that You support can have facility. balance to sheet

have a to that Treasury platform. products the bring management can support You sophisticated treasury

to strategically companies and have their their the capital that healthy that You are way bring manage the risk can interest us Their ours help. and attractive. and rate CFOs that markets

And together opportunities we the were about there we're we're So pieces there, I there. to infancy answer spaces in Sterling the what attack with go Park think the but all is the getting that merger. those fit excited and market

just capital we the it. as I markets piece that set one do Now, commercial strategy. And to see have overall of product

Nancy Bush

you. Thank Okay.

Operator

this additional are time. questions at There no

will back I Pollok. turn over So call now the to John

John Pollok

Thanks for your today. time

We will beginning X in February, we on again conference to to participating and forward look be the soon. Florida reporting you KBW in

Operator

attending presentation. for conference today's now Thank concluded. The has you

may now disconnect. You

SouthState (SSB) 23 Jan 182017 Q4 Earnings call transcript