SCBT Financial Corporation reports
SCBT Financial Corporation (NASDAQ: SCBT), the holding company and South Carolina Trust Bank, NA and South Carolina Bank and Trust of the Piedmont, NA, reported an increase of 20 percent net profit compared to the third quarter of 2005. The company reported today its results of operations and other financial information for the three month period to 30 September 2006.The company reported a profit of $ 5260000, or $ 0.60 per share, diluted, for the three months until 30 September 2006 compared to net income of $ 4395000, or $ 0.54 per share more for the third quarter of 2005. The net profit of $ 15047000 for the first nine months of 2006 reflects an increase of 20 per cent of $ 12570000 for the first nine months of 2005. The company is cash Diluted earnings per share, which is the effect of amortization related to intangible assets, net of regulatory capital, was $ 0.61 and $ 0.55 for the third quarter of 2006 and 2005, respectively. The company had cash diluted earnings per share of 1.76 dollars and 1.57 dollars for the nine months ended 30 September 2006 and 2005.
The company is the efficiency of growth reflected strong earnings capacity of the bank’s subsidiaries during the third quarter. South Carolina Bank and Trust had a profit of $ 5147000 and South Carolina Bank and Trust of Piedmont had a gain of $ 595000th