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Previous Companies
officer: CFO until May 16th, 2013
officer: Chief Financial Officer until June 23rd, 2004
Palmetto Bancshares Inc – FOR IMMEDIATE RELEASE For More Information Contact: April 22, 2015 Roy D. Jones, Chief Financial Officer and Treasurer (April 22nd, 2015)

Greenville, S.C. – ☐Palmetto Bancshares, Inc. (NASDAQ: PLMT) (the “Company”) reported first quarter 2015 net income of $2.7 million ($0.21 per diluted common share) compared to $3.3 million ($0.26 per diluted common share) for the fourth quarter 2014. The primary variance between these two quarters related to the provision for loans losses which was $400 thousand in the first quarter 2015 and negative $1.8 million in the fourth quarter 2014. Income before provision for income taxes and provision for loan losses was $4.6 million in the first quarter 2015 compared to $3.4 million in the fourth quarter 2014. The Company also declared a quarterly cash dividend of $0.08 per common share payable on May 18, 2015 to shareholders of record on May 4, 2015.

Palmetto Bancshares Inc – FOR IMMEDIATE RELEASE For More Information Contact: (January 28th, 2015)

Greenville, S.C. – ☐Palmetto Bancshares, Inc. (NASDAQ: PLMT) (the “Company”) reported fourth quarter 2014 net income of $3.3 million ($0.26 per diluted common share) compared to $2.0 million ($0.15 per diluted common share) for the third quarter 2014. For the year ended December 31, 2014, the Company reported net income of $9.4 million ($0.73 per diluted common share) compared to net income of $27.7 million ($2.17 per diluted common share) for the year ended December 31, 2013. Results for 2013 include a non-cash income tax benefit resulting from the reversal of substantially all of the valuation allowance on the Company’s net deferred tax asset. Income before provision (benefit) for income taxes was $14.8 million for the year ended December 31, 2014 compared to $9.3 million for the year ended December 31, 2013. The Company also declared a quarterly cash dividend of $0.08 per common share payable on February 16, 2015 to shareholders of record on February 2, 2015.

Palmetto Bancshares Inc – FOR IMMEDIATE RELEASE For More Information Contact: (October 22nd, 2014)

Greenville, S.C. – Palmetto Bancshares, Inc. (NASDAQ: PLMT) (the “Company”) reported third quarter 2014 net income of $2.0 million ($0.15 per diluted share), which is unchanged from the second quarter 2014 ($0.16 per diluted share). For the nine months ended September 30, 2014, the Company reported net income of $6.0 million ($0.47 per diluted share) compared to net income of $25.9 million ($2.03 per diluted share) for the nine months ended September 30, 2013. Results for the nine months ended September 30, 2013 include a non-cash income tax benefit resulting from the reversal of substantially all of the valuation allowance on the Company’s net deferred tax asset. Income before provision (benefit) for income taxes was $9.6 million for the nine months ended September 30, 2014 compared to $7.7 million for the nine months ended September 30, 2013. The Company also declared a quarterly cash dividend of $0.05 per common share payable on November 17, 2014 to shareholders of record on Novembe

Palmetto Bancshares Inc – FOR IMMEDIATE RELEASE For More Information Contact: April 29, 2011 Roy D. Jones, Chief Financial Officer (April 29th, 2011)

Greenville, S.C. – Palmetto Bancshares, Inc. reported a net loss for the first quarter 2011 of $6.1 million, compared to a net loss for the fourth quarter 2010 of $32.6 million. Included in the results for the fourth quarter 2010 was a noncash charge of $14.1 million to establish an initial valuation allowance against the deferred tax asset at December 31, 2010. In the first quarter 2011, an additional increase in the deferred tax asset valuation allowance offset the income tax benefit that would otherwise have been recorded. Also included in the fourth quarter 2010 was a nonrecurring gain of $1.2 million on the sale of the Company’s credit card portfolio.

Cnb Florida Bancshares Inc – News Release (April 22nd, 2004)

Jacksonville, Florida (April 21, 2004) - CNB Florida Bancshares, Inc. (NASDAQ: CNBB) today reported first quarter 2004 net income rose 34% to $1,742,000, or $0.27 per diluted share, compared to $1,301,000, or $0.21 per diluted share, for the comparable 2003 quarter. Total assets increased to $833.3 million at March 31, 2004 compared to $819.9 million at December 31, 2003, and $774.2 million at March 31, 2003.