BOSTON (Thomson Financial) - SCBT Financial Corp. Thursday reported
first-quarter net income of $6 million, or 58 cents a share, compared with net
income of $5.2 million, or 56 cents a share a year earlier.
The mean estimate of analysts polled by Thomson Financial was for earnings
of 57 cents a share.
Net interest income for the three-month period ended March 31 rose 22% to
$22.9 million from $18.8 million in the first quarter of 2007.
SCBT called it "one of the toughest banking environments in decades," but
said that, while not immune to the credit cycle, it remains optimistic that its
overall credit performance will continue to be solid.
Shares of the Columbia, S.C.-based holding company, closed Wednesday at
$32.98.
Greg Saulnier
gs/pc
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