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GM Financial Q1 2021 Results Highlighted By $1.2B Earnings


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Earlier this week, General Motors very healthy Q1 2021 earnings. The results were headlined by $3 billion in income on $32.5 billion in revenue. A good chunk of those earnings came from The General’s captive finance arm, GM Financial, and it’s worth taking a closer look at the division’s performance.
Overall, GM Financial posted $1.2 billion Earnings Before Taxes (EBT)-adjusted, which represents a 27.3 percent Return on Average Tangible Common Equity. That is a significant improvement over the $0.2 billion in EBT-adjusted and 14.3 percent return in the year-ago quarter.
Finance geeks will likely want to know that GM Financial defines Return on Average Tangible Common Equity as “net income attributable to common shareholder for the trailing four quarters divided by average tangible common equity for the same period.” ....

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SouthState Corporation Reports First Quarter 2021 Results and Declares Quarterly Cash Dividend


SouthState Corporation Reports First Quarter 2021 Results and Declares Quarterly Cash Dividend
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WINTER HAVEN, Fla., April 28, 2021 /PRNewswire/ SouthState Corporation (NASDAQ: SSB) today released its unaudited results of operations and other financial information for the three-month period ended March 31, 2021.
The Company reported consolidated net income of $2.06 per diluted common share for the three months ended March 31, 2021, compared to $1.21 per diluted common share for the three months ended December 31, 2020, and compared to $0.71 per diluted common share one year ago. 
Adjusted net income (non-GAAP) totaled $2.17 per diluted share for the three months ended March 31, 2021, compared to $1.44 per diluted share, in the fourth quarter of 2020, and compared to $0.82 per diluted share one year ago.  Adjusted net income in the first quarter of 2021 excludes $7.8 million of merger-related and bra ....

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