8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): February 27, 2013

SCBT FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

SOUTH CAROLINA	001-12669	57-0799315
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

520 GERVAIS STREET COLUMBIA, SOUTH CAROLINA	29201
(Address of principal executive offices)	(Zip Code)

(800) 277-2175

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events

The management of SCBT Financial Corporation (“SCBT”) will participate in the Keefe, Bruyette & Woods (“KBW”) Boston Bank Conference in Boston, Massachusetts on February 27 — 28, 2013.  Robert R. Hill, Jr., President and Chief Executive Officer, and John C. Pollok, Senior Executive Vice President, Chief Financial Officer and Chief Operating Officer will meet with analysts and institutional investors, and will provide the attached investor presentation.  A copy of the presentation will be made available at SCBT’s website (http://www.SCBTonline.com) and is attached as Exhibit 99.1 to this report and incorporated herein by reference.

Cautionary Note Regarding Any Forward-Looking Statements

Statements included in this report which are not historical in nature are intended to be, and are hereby identified as, forward looking statements for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934.  Forward looking statements generally include words such as “expects,” “projects,” “anticipates,” “believes,” “intends,” “estimates,” “strategy,” “plan,” “potential,” “possible” and other similar expressions.  The Company cautions readers that forward looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from forecasted results.  Such risks and uncertainties, include, among others, the following possibilities: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive merger agreement between the Company and First Financial Holdings, Inc. (“First Financial”); (2) the outcome of any legal proceedings that may be instituted against the Company or First Financial; (3) the inability to complete the transactions contemplated by the Merger Agreement due to the failure to satisfy each transaction’s respective conditions to completion, including the receipt of regulatory approval; (4) credit risk associated with an obligor’s failure to meet the terms of any contract with the bank or otherwise fail to perform as agreed; (5) interest risk involving the effect of a change in interest rates on both the bank’s earnings and the market value of the portfolio equity; (6) liquidity risk affecting the bank’s ability to meet its obligations when they come due; (7) price risk focusing on changes in market factors that may affect the value of traded instruments in “mark-to-market” portfolios; (8) transaction risk arising from problems with service or product delivery; (9) compliance risk involving risk to earnings or capital resulting from violations of or nonconformance with laws, rules, regulations, prescribed practices, or ethical standards; (10) strategic risk resulting from adverse business decisions or improper implementation of business decisions; (11) reputation risk that adversely affects earnings or capital arising from negative public opinion; (12) terrorist activities risk that results in loss of consumer confidence and economic disruptions; (13) cybersecurity risk related to our dependence on internal computer systems and the technology of outside service providers, as well as the potential impacts of third-party security breaches,  subjects the company to potential business disruptions or financial losses resulting from deliberate attacks or unintentional events; (14) economic downturn risk resulting in deterioration in the credit markets; (15) greater than expected noninterest expenses; (16) excessive loan losses; (17) failure to realize synergies and other financial benefits from, and to limit liabilities associates with, mergers and acquisitions, including mergers with Peoples Bancorporation (“Peoples”), The Savannah Bancorp, Inc. (“Savannah”), and First Financial, within the expected time frame; (18) potential deposit attrition, higher than expected costs, customer loss and business disruption associated with the integration of Savannah and First Financial, including, without limitation, potential difficulties in maintaining relationships with key personnel and other integration related-matters; (19) the risks of fluctuations in market prices for Company Common Stock that may or may not reflect economic condition or performance of the Company; (20) the payment of dividends on Company Common Stock is subject to regulatory supervision as well as the discretion of the board of directors of the Company; and (21) other factors, which could cause actual results to differ materially from future results expressed or implied by such forward looking statements.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.	Description
99.1	Presentation for the KBW Boston Bank Conference in Boston, MA

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		SCBT FINANCIAL CORPORATION
		(Registrant)
Date:	February 27, 2013	/s/ John C. Pollok
		John C. Pollok
		Senior Executive Vice President,
		Chief Financial Officer and
		Chief Operating Officer

3

Exhibit Index

Exhibit No.	Description
99.1	Presentation for the KBW Boston Bank Conference in Boston, MA

4

EX-99.1

Exhibit 99.1

KBW Investor Conference February 27, 2013

Statements included in this presentation which are not historical in nature are intended to be, and are hereby identified as, forward looking statements for purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934.   Forward looking statements generally include words such as “expects,” “projects,” “anticipates,” “believes,” “intends,” “estimates,” “strategy,” “plan,” “potential,” “possible” and other similar expressions.   SCBT Financial Corporation cautions readers that forward looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from forecasted results.  Such risks and uncertainties, include, among others, the following possibilities: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive merger agreement between SCBT and First Financial Holdings, Inc.; (2) the outcome of any legal proceedings that may be instituted against SCBT or First Financial Holdings, Inc.; (3) the inability to complete the transactions contemplated by the definitive merger agreement due to the failure to satisfy each transaction’s respective conditions to completion, including the receipt of regulatory approval; (4) credit risk associated with an obligor's failure to meet the terms of any contract with the bank or otherwise fail to perform as agreed; (5) interest risk involving the effect of a change in interest rates on both the bank's earnings and the market value of the portfolio equity; (6) liquidity risk affecting the bank's ability to meet its obligations when they come due; (7) price risk focusing on changes in market factors that may affect the value of traded instruments in "mark-to-market" portfolios; (8) transaction risk arising from problems with service or product delivery; (9) compliance risk involving risk to earnings or capital resulting from violations of or nonconformance with laws, rules, regulations, prescribed practices, or ethical standards; (10) strategic risk resulting from adverse business decisions or improper implementation of business decisions; (11) reputation risk that adversely affects earnings or capital arising from negative public opinion; (12) terrorist activities risk that results in loss of consumer confidence and economic disruptions; (13) cybersecurity risk related to our dependence on internal computer systems and the technology of outside service providers, as well as the potential impacts of third-party security breaches,  subjects the company to potential business disruptions or financial losses resulting from deliberate attacks or unintentional events; (14) economic downturn risk resulting in deterioration in the credit markets; (15) greater than expected noninterest expenses; (16) excessive loan losses; (17) failure to realize synergies and other financial benefits from, and to limit liabilities associates with, mergers and acquisitions, including mergers with Peoples Bancorporation (“Peoples”), The Savannah Bancorp, Inc. (“Savannah”), and First Financial Holdings, Inc., within the expected time frame; (18) potential deposit attrition, higher than expected costs, customer loss and business disruption associated with the integration of The Savannah  Bancorp, Inc .and First Financial Holdings, Inc., including, without limitation, potential difficulties in maintaining relationships with key personnel and other integration related-matters; (19) the risks of fluctuations in market prices for SCBT stock that may or may not reflect economic condition or performance of SCBT; (20) the payment of dividends on SCBT is subject to regulatory supervision as well as the discretion of the SCBT board of directors; and (21) other factors, which could cause actual results to differ materially from future results expressed or implied by such forward looking statements.   SCBT will file a registration statement and other relevant documents concerning the transaction with the Securities and Exchange Commission and appropriate state and federal banking authorities as soon as is practical. SCBT and First Financial will prepare a proxy statement and other relevant documents concerning the proposed transaction for its shareholders. Both SCBT and First Financial shareholders are urged to read such proxy and registration statements regarding the proposed transaction as they become available and any other relevant documents filed with the SEC, as well as any amendments or supplements to those documents because these will contain important information. You will be able to obtain a free copy of the registration statement, as well as other filings containing information about SCBT Financial Corporation and First Financial Holdings, Inc., at the SEC’s internet site (http://www.sec.gov). The documents can also be obtained, without charge, by directing a written request to either SCBT Financial Corporation, P. O. Box 1030, Columbia, SC 29202, Attention: Richard C. Mathis, Executive Vice President and Treasurer, or First Financial Holdings, Inc., 2440 Mall Drive, Charleston, SC 29406, Attention: Blaise B. Bettendorf, Chief Financial Officer. SCBT Financial Corporation, First Financial Holdings, Inc., and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of SCBT and First Financial in connection with the merger. Information about the directors and executive officers of First Financial and their respective ownership of FFCH common stock is set forth in First Financial’s most recent proxy statement as filed with the SEC, which is available at the SEC’s Internet site (http://www.sec.gov) and at First Financial’s address above. Information about the directors and executive officers of SCBT Financial Corporation and their ownership of SCBT stock is set forth in SCBT’s most recent proxy statement filed with the SEC and available at the SEC’s internet site and from SCBT at the address set forth above. Additional information regarding the interests of these participants may be obtained by reading the proxy statement/prospectus regarding the proposed transaction when it becomes available. 2 FORWARD-LOOKING STATEMENTS

Data as of 12/31/2012  SCBT FINANCIAL CORPORATION:  LARGEST PUBLICLY TRADED HOLDING COMPANY HEADQUARTERED IN SC Serving the banking needs of customers within the Carolinas for 79 years and Georgia for 112 years 3 Market Cap $ 680.6 million Branches 86 FTE’s 1,324 Asset Size $5.1 billion Deposits $4.3 billion Loans  $ 3.6 billion Customers 383,000

HIGHLIGHTS OF SCBT Consistent Organic Growth Large and Low Cost Deposit Base Fee Income Growth and Diversity      4 Fortress Balance Sheet Organic Revenue And Profit Growth Strategic Expansion Building Tangible Book Value per Share Quality Loan and Deposit Relationships Simple Business Model and Balance Sheet  Well Defined M&A Strategy Significant Number of Opportunities   2012 Earnings  Net Income = $30.0 Million   Net Operating Earnings = $36.9 Million Pre-Tax, Pre-Credit = $81.0 Million

HOW WE OPERATE THE COMPANY 5

MARKET PERFORMANCE   See endnotes  (1)  Price Performance since 12/31/07 6 47.3% 34.0% (1.5%) (41.1%) (62.6%)

February 20, 2013 Strategic Partnership of  SCBT Financial Corporation and First Financial Holdings, Inc.

8 PARTNERSHIP RATIONALE A natural partnership between two culturally similar South Carolina community banks Significant franchise accretion Forms continuous coastal presence from Savannah, GA to Wilmington, NC Enhances market share in all combined markets Strategic  Value Financially Attractive Low Risk Profile Partnership epitomizes highly selective M&A criteria Double digit EPS accretion (excluding one-time merger costs) Expected to be accretive to tangible book value in 3 to 3.5 years Similar markets for 80 years Comprehensive due diligence process and thorough review of loan portfolio Cohesive culture with familiar customer base Strong pro forma capital ratios SOUNDNESS PROFITABILITY GROWTH

100% Stock (tax-free exchange) Fixed exchange ratio of 0.4237x $18.30 (1) $302.4 million (1) Initially will retain First Financial’s $65.0 million of preferred equity outstanding No additional capital required to complete the transaction 5 First Financial Board members will join the Board of SCBT Customary regulatory approval and shareholder approval from both SCBT & First Financial 3rd Quarter 2013  TRANSACTION TERMS 9 Consideration:  Implied Price Per Share: Aggregate Value: Preferred Equity:  Capital Raise:  Board Seats: Required Approvals:  Expected Closing:  Based on SCBT’s closing stock price of $43.18 as of 2/19/13 and a fixed exchange ratio of 0.4237x (1)

STRATEGICALLY ATTRACTIVE 10 Pro Forma Company At closing and pending shareholder approval, holding company name will be changed to First Financial Holdings, Inc. Consensus 2013 mean EPS estimate of $1.18 per SNL FactSet Research Based upon First  Financial’s stated tangible book value per share of $13.71 as of 12/31/12 Holding Company Name SCBT Financial Corporation Headquarters Columbia, SC Expanded Operations & Support Center Charleston, SC Proposed Holding Company Name First Financial Holdings, Inc. (1) Price/Tangible Book Value Per Share 133% (2) Price/Estimated 2013 EPS 15.5x (3) Pro Forma Ownership First Financial pro forma ownership will be approximately 29.3 % Transaction Multiples (1) (2) (3)

Overall credit mark of $217.9 million NonAcquired mark 5.3%, $118.2 million FDIC Acquired:  Gross mark of $99.7 million  TBV accretive ~ 3 to 3.5 years  Double digit EPS accretive (excluding one-time merger costs)  Assumes preferred equity remains outstanding  Projected Close in 3rd Quarter 2013 Cost savings ~ 30% 30% realized in 2013 80% realized in 2014  100% realized thereafter  No revenue synergies assumed  One-time merger related expenses ~ $24 to 30 million (after-tax) FINANCIAL IMPACT Assumptions 11 Pro Forma Capital Ratios SCBT Tier 1 Leverage Ratio ~ 8.9 % Tier 1 Risk-Based Ratio ~ 12.9 Tangible Common Equity / Tangible Assets ~ 7.0

Comprehensive credit due diligence process to review First Financial’s loan and OREO portfolios Conservative credit mark of 5.3% for NonAcquired / NonFDIC $118.2 63% Commercial loans were reviewed. All loans greater than $650K with additional selective review Review of Consumer portfolio was complemented with an experienced 3rd Party vendor FDIC Acquired gross credit mark of $99.7 million CREDIT DUE DILIGENCE NonAcquired Credit Adjustments (1) Diligence Highlights Excludes mark to covered loan and OREO portfolios, and corresponding write-up to the indemnification asset Excludes covered net charge-offs and OREO costs 12 Implied cumulative losses ~ 20.7% Pre-mark losses of 15.4% through cycle Cumulative losses of 20.7% including non-acquired mark 12/31/12 Loan Balance Estimated Mark % Estimated Mark $ Fair Value $ Loans $ 2,232.3 5.2% $ 116.5  $ 2,115.8 OREO $ 5.2 32.0% $ 1.7  $ 3.6 Total NonAcquired / NonFDIC $ 2,237.6 5.3% $ 118.2  $ 2,119.4  12/31/07 Loan Balance  $ 2,208.5  Net Charge-offs and OREO costs since 12/31/07 (2) $ 339.2 NonAcquired / NonFDIC Mark $ 118.2 Total NonAcquired Cumulative Losses since 12/31/07 $ 457.4 NonAcquired Cumulative Losses as a % 20.7% (1) (2)

LOGICAL IN-MARKET EXPANSION 13 SCBT Branches as of 2/15/2013 Financial data as of 12/31/2012  SCBT (82 branches)  FFCH (66 branches) NORTH CAROLINA SOUTH CAROLINA GEORGIA Charlotte Wilmington Myrtle Beach Hilton Head Island Savannah Atlanta Florence Columbia Spartanburg Greenville Athens Gainesville Orangeburg Georgetown Charleston Raleigh-Durham Branches: 148 FTE’s 2,170 Assets: $8.3 Billion Loans: $6.1 Billion Deposits: $6.9 Billion Core Deposits $4.9 Billion Pro Forma Highlights  See endnotes  (2) 

MSA SCBT Rank FFCH Rank Pro Forma Hilton Head 2 7 1 Georgetown 8 3 1 Charleston 10 2 2 Florence 10 7 4 Greenville 7 14 5 Myrtle Beach 19 6 6 FRANCHISES THAT COMPLEMENT EACH OTHER 14 Market Share Mortgage Banking - ProForma Mortgage Market Share #4 in South Carolina Wealth Management - Assets Under Management $2.35 Billion Our Teams Our Facilities 

Data as of 6/30/12 FDIC Summary of Deposits SOUTH CAROLINA  #5 MARKET SHARE 15 Deposit Market Share in South Carolina Deposits Market Rank Institution ($mm) Share Branches 1 Wells Fargo & Co. $12,167 18.12 % 145 2 Bank of America Corp. 9,105 13.56 106 3 BB&T Corp. 6,939 10.34 116 4 First Citizens Bancorp. Inc. 6,148 9.16 171 Pro Forma 5,021 7.48 115 5 Toronto-Dominion Bank 3,489 5.20 81 6 Synovus Financial Corp. 2,743 4.09 42 7 SCBT Financial Corp. 2,599 3.87 53 8 First Financial Holdings Inc. 2,422 3.61 62 9 SunTrust Banks Inc. 1,987 2.96 65 10 Palmetto Bancshares Inc. 1,023 1.52 29

Long-term, dedicated teams Like-minded management and business culture Retention of key management  will reinforce continuity Tenured & committed Board of Directors BENEFITS TO OUR STAKEHOLDERS Unlocks shareholder value for both companies Benefit from increased liquidity and dividends for First Financial shareholders Implied annual dividend per FFCH share $0.31 (1)  Substantially reduces downside risk and significantly increases long term growth potential   16 Both banks operate under the community banking model and strong service levels Mortgage, wealth management, retail and commercial scale Convenience of expanded network of nearly150 locations, including branches across all major South Carolina markets Continuity in retaining First Financial board members to local Advisory Board     Shareholders Customers Employees (1) Based on SCBT’s most recent quarterly dividend of $0.18 per share

SUMMARY Ideal combination of strategic and financial attractiveness to all parties Will create long-term value for both First Financial & SCBT shareholders Creates an incredibly valuable Southeastern bank Powerful transaction due to the size, scale and diversity of the combined company Low risk, in-market merger Positions company well for the future 17

SUPPLEMENTAL INFORMATION

 Financial data as of 12/31/12 FIRST FINANCIAL HOLDINGS, INC. 19 Corporation Highlights Headquarters Charleston, SC Bank Subsidiary First Federal Bank Investment Advisory Subsidiary First Southeast 401(k) Fiduciaries, Inc. Broker-Dealer First Southeast Investor Services, Inc. Date Established 1934 Ticker FFCH (NASDAQ) Branches 66 Total Assets ($mm) $3,216 Total Loans ($mm) 2,506 Total Deposits ($mm) 2,595 TCE / TA 7.07 % NPAs + 90 days PD / L + O 1.94 Net Interest Margin 4.69 Efficiency Ratio 66.71

LOAN & DEPOSIT COMPOSITION SCBT Loans FFCH Loans SCBT Deposits FFCH Deposits Total Loans $3.6 billion  Loan Yield 5.89%  Dollars in millions  Data as of 12/31/12 (1) Excludes purchase accounting adjustments $6.1 billion Total Loans (1) $6.9 billion Total Deposits (1) 20 Total Loans $2.5 billion  Loan Yield 5.96% Total Deposits $4.3 billion  Cost of Deposits 0.18% Total Deposits $2.6 billion  Cost of Deposits 0.52% C&D $273  7% Residential $690  19% CRE $1,074  29% C&I $280  8% Consumer  & Other $254  7% Acquired  non - covered  loans $792 22% Acquired  covered  loans $283 8% Demand  Deposits $982 23% NOW  Accounts $837  19% Money  Market &  Savings $1,416  33% Retail Time  Deposits $1,063  25% C&D $104 4% Residential $1,500 59% CRE $261 10% C&I $69 3% Consumer  & Other $400  16% Acquired  covered  loans $217  9% Retail Time Deposits $845 32% Wholesale Deposits $106 4% Demand Deposits $388 15% NOW Accounts $512 20% Money Market & Savings $744 29%

MARKET HIGHLIGHTS: CHARLESTON The Charleston MSA ranked #5 on Forbes’ list of Top Mid-Size Cities for Jobs  Boeing South Carolina is home to the 787 Dreamliner final assembly & delivery facility  Charleston ranked among the top 10 fastest growing cities for software and Internet technology in 2012 4th highest per capita concentration in the U.S. for computer research scientists and the 7th highest for computer hardware engineers  Nicknamed “Silicon Harbor”  Charleston is the 10th busiest port in America and the 4th on the East Coast Handles ~$72 million of cargo every day with service to more than 140 countries Fastest growing port of the Top 10 U.S. container ports in the first half of 2012   Charleston Market Overview Charleston South Carolina Technology Companies With Presence in Charleston Projected Population Growth 2011 – 2016  (%) 21 Highlight Demographics  Projected Median Household Income Growth 2011 – 2016 (%)  See endnotes  (4) 

First Financial currently operates 7 branches in the Wilmington, NC MSA  North Carolina ranked as Forbes 4th Best State for Business in 2012  Highest net migration rate in the US  Low cost of construction attracts future development opportunities in the region  Port of Wilmington was recently approved for the development of a state-of-the-art cold storage facility  Projected median household income in 2016 of $50,119 in the Wilmington, NC MSA  22 Wilmington, NC Market Overview First Financial’s Presence in the Wilmington, NC MSA Projected Population Growth 2011 – 2016  (%) Projected Median Household Income Growth 2011 – 2016 (%) Demographics    FFCH Branch Wilmington North Carolina NORTH CAROLINA MARKET HIGHLIGHTS  See endnotes  (5)  9.0% 6.6% 23.3% 19.2%

Myrtle Beach, SC MSA Charleston, SC MSA N. Charleston Charleston North Myrtle Beach Myrtle Beach Garden City Beach EXPANSION IN ATTRACTIVE MARKETS 23 NC GA SC  SCBT   FFCH Hilton Head Pro Forma Map Charleston Myrtle  Beach Greenville Greenville, SC MSA Hilton Head-Beaufort, SC MSA Hilton Head Island Savannah  Beaufort Greenville Easley Pro Forma Deposit Market Share  #5 #5 #1 #6 #2

Strength in Numbers: Combined Assets Under Management of $2.35 Billion Combined revenues of over $12.8 Million Combined team of over 60 members Nationally top-ranking among trust and fiduciary services institutions Competitive platform of fully integrated Wealth Management solutions: Full Service Broker-Dealer Registered Investment Advisory Firm  WEALTH MANAGEMENT STRATEGIES 24 Wealth Management  Corporate Retirement Planning Services Trust and Asset Management Services

Pro Forma Mortgage Market Share #4 in SC SCBT #5 / First Financial #8 (6)  Platform of integrated Mortgage Banking products: Retail Mortgage:  70 originators covering 12 regional markets Wholesale Mortgage:  $600 million in annual production Portfolio Servicing:   $2.9 billion in mortgages  Sell Direct:  Ability to deal directly with FNMA & FHLMC  MORTGAGE BANKING STRATEGIES 25  See endnotes  (6) 

[LOGO]

CREDIT QUALITY  (NON-ACQUIRED) 27 See endnotes (7)

CAPITAL 28 See endnotes (7)

[LOGO]

PROFITABILITY 30 In Millions See endnotes (8)

CONSISTENT LONG-TERM  EARNINGS POWER In Millions

32 NET INTEREST MARGIN

OPERATING EFFICIENCY RATIO - QTD 33 See endnotes (10)

DIVIDENDS 34  See endnotes (11)

[LOGO]

LEGACY LOAN PORTFOLIO MIX 36 4.4 % 5 YR CAGR (2007 – 2012) Organic Loan Growth In Millions See endnotes (12)

GROWTH – CORE & TOTAL DEPOSITS 37 In Millions Growth – Core Deposits* 35.1% 5 YR CAGR (2007 – 2012) Growth – Total Deposits 36.9%  5 YR CAGR (2007 – 2012) Acquired Deposits   $3,004 $2,350   $3,254  See endnotes (13) $4,298 $1,046 $1,874 $2,350 $3,235 $1,928

SUPPLEMENTAL INFORMATION

INDEX – SUPPLEMENTAL INFORMATION  Largest Relationships 40 ALLL Trend 41 Credit Trends 42 Investment Portfolio 43 Fee Income by Type 44 CD Re-pricing 45 Market Demographics 46 Analyst Recommendations 51  39

LARGEST CREDIT RELATIONSHIPS  (NON-ACQUIRED) 40 See endnotes (14)

ALLL TREND DATA (NON-ACQUIRED LOANS) 41 2.00 % 1.91 %  See endnotes (15) 1.84 % 1.73 % 1.45% 1.55% 1.70% 1.90% 2.07% 2.07% 2.05% 2.00% 2.00% 2.00% 1.95%

42 CREDIT TRENDS (NON-ACQUIRED LOANS)  See endnotes (21)  (in millions) Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Total nonperforming assets 94.9 $      91.4 $      83.1 $      81.8 $      81.1 $      Texas Ratio  (21) 26.88% 25.41% 21.23% 20.43% 19.15% Criticized Loans  (21) 170.3 $     162.0 $     151.0 $     144.5 $     153.1 $     Classified Assets  (21) 184.4 $     177.5 $     160.6 $     157.5 $     143.2 $     Classified Assets / Bank Tier 1  Capital + ALLL 45.82% 43.72% 36.76% 35.46% 29.98%

INVESTMENT PORTFOLIO MIX 43 Fixed Income Investment Portfolio  (AFS & HTM) As of  12/31/12 Tax Equivalent Yield 3.19% Weighted Average Life 3.90  years Modified Duration 3.51 Total Carrying Value(16) $ 549,944  See endnotes (16) State and  Municipal  - HTM 3% State and  Municipal  - AFS 27% U.S. Agency/GSE  Debentures 16% SBA 1% Mortgage - Backed  Securities 53%

FEE INCOME BY TYPE 44 26% of Operating Income  $ 1.6  Billion in Assets Under Management  Focused on growing   Wealth Management  Checking Accounts  Secondary Mortgage 2012 YTD : $61.9 Million  See endnotes (17)

CONTINUED CD REPRICING OPPORTUNITIES 45   Average CD Price in past 30 days ~ 17 BPS Upcoming Maturities      (in millions) Amount Yield 1st Quarter 2013 228.1 $         0.43% 2nd Quarter 2013 193.1 $         0.34% 3rd Quarter 2013 116.3 $         0.44%

NORTHEAST GEORGIA DEPOSIT  MARKET SHARE 46 43 FDIC Insured Institutions, $10.6 Billion Total Deposits  Rank Institution (in Millions) Deposit Share 1 Wells Fargo 1,315 12.4% 2 Regions Bank 1,152 10.9% 3 SunTrust Bank 893 8.4% 4 United Community Bank 873 8.3% 5 SCBT 842 8.0 % 6 Synovus 818 7.7% 7 BB&T 573 5.4% 8 Bank of America 545 5.2% 9 First American Bank & Trust 351 3.3% 10 Community Southern Bank 347 3.3%  See endnotes (18,19 )

UNEMPLOYMENT DATA 47

S.C. REAL ESTATE MARKETS 48 See endnotes (20) Beaufort 986               1,103           11.9% 177.5 175 -1.2% 201 198 -1.5% Charleston Trident 9,275           10,496         13.2% 182 190 4.4% 111 100 -9.7% Coastal Carolinas 7,627           8,656           13.5% 139.9 139 -0.6% 181 173 -4.4% Gr. Columbia 6,462           7,587           17.4% 143.9 138 -4.2% 119 116 -3.0% Gr. Greenville 6,686           7,659           14.6% 139 149 7.2% 114 101 -10.9% Hilton Head Area 529               610               15.3% 230 235 2.2% 139 127 -8.7% Piedmont Reg. Assoc. 2,397           2,461           2.7% 154 143 -7.4% 173 157 -9.1% State Totals 47,437       53,375       12.5% 150 151 0.7% 142 135 -5.3% Dec-11  YTD Dec-12  YTD %  Change Number of Residential Homes,  Condos & Villas Sold Dec-11  YTD Dec-12  YTD %  Change Dec-11  YTD Average Days on the  Market (DOM) %  Change Dec-12  YTD Median Price of Residential  Homes (in Thousands)

DEMOGRAPHIC HIGHLIGHTS  IN KEY MARKETS 49 See endnotes (19)

$84,000-$120,000 $70,001-84,000 $41,000-$70,000 (Median) $27,001-$41,000 $8,889-$27,000 MEDIAN HOUSEHOLD INCOME 50 See endnotes (19) Demographic Data as of 12/31/2011

ANALYST RECOMMENDATIONS 51 ANALYST First Quarter 2013 RECOMMENDATION FIG Partners OUTPERFORM Keefe, Bruyette & Woods OUTPERFORM Sterne Agee OUTPERFORM Raymond James STRONG BUY BB&T Capital Markets BUY SunTrust Robinson Humphrey BUY Wunderlich Securities BUY Sandler O’Neill + Partners HOLD As of 2/20/2013 Merger Announcement with First Financial Holdings, Inc.

Investor Contacts Robert R. Hill, Jr. Chief Executive Officer  John C. Pollok Senior Executive Vice President and Chief Financial Officer / Chief Operating Officer   52 520 Gervais Street Columbia, South Carolina  29201 800-277-2175 www.scbtonline.com

ENDNOTES Source: Source: SNL Financial. Pricing data as of 2/21/13. KRX is a composition of 50 regionally diversified mid and small-cap banking institutions in the U.S and is calculated using and equal-weighted method . Carolina Peers include all major exchange traded banks and thrifts in North Carolina and South Carolina with assets between $500 million and $10.0 billion; excludes merger targets Georgia Peers include all major exchange traded banks and thrifts in Georgia with assets between $500 million and $10.0 billion. Total return includes distribution of dividends Source: SNL Financial. Pro forma figures exclude purchase accounting adjustments Excludes purchase accounting adjustments Source: SNL Financial, Condé Nast, 2012 Statistical Abstract of the US, Fast Company, City of Charleston, Charleston Magazine Source: SNL Financial, Forbes, North Carolina State Ports Authority, Wilmington Business  Development Source:  SNL Mortgage Market Share as of 2011 Source: SNL Financial and Company filings. Data as of  12/31/12. KRX is a composition of 50 regionally diversified mid- & small-cap banking institutions in the U.S. The index is calculated  using an equal-weighted  method and components comply with the GICS and ICS classification standards. Carolina’s includes all publicly traded banks and thrifts in North and South Carolina with assets between $500  million and $10.0  billion.  Per share data reflect  a five percent stock dividend distributed on January 1, 2005 and on March 23, 2007. For 2008, the loss related to the disposal of Freddie Mac Preferred Stock is added back.  For 2009, the dividend paid on the preferred stock is added back. Excludes Merger & OREO / Loan-related expenses Efficiency ratio = NIE / Net Int Inc + Non Int Inc less securities gain/(loss)   Operating efficiency ratio (exc’l) = same as above except exc’l merger cost & OREO related cost from NIE  Dividend paid for 147 consecutive quarters since 1976, Prior to 1976, dividends were paid semi-annually, 4th Quarter 2012 includes dividends declared on 1/24/2013,  record date of  2/15/12, payable on 2/22/2013. Dividends paid per share will increase to $0.18 per share in 4th Quarter 2012. Acquired loans are net of purchase accounting adjustments. Core deposits increased $884million since Dec-11; Legacy SCBT $201 million / Acquired $685 million. 2012 YTD # Transaction account growth for Legacy SCBT  5.72% annualized.  Total YTD $ Balance growth for core SCBT  11.2% annualized . *Core Deposits exclude all certificates of deposits. Loans Outstanding does not include loans in transit, non-post  items, etc.  Note: Net charge-offs excludes the impact of loan participations and a BHC loan. Fair value for AFS securities; amortized/accreted cost for HTM securities. Does not include : FHLB stock, BHC stocks, or investment in unconsolidated  subsidiaries.   Fees generated from services provided by SCBT.  Note: NE Georgia Deposit Market Share includes the following counties: Barrow, Cherokee, Clarke, Habersham, Hall, Jackson,  Rabun, Stephens, White. Source: SNL Financial Source: Rates from S.C. Realtors MLS Stats. Texas ratio – Delinquent loans + nonperforming assets / Tangible Common Equity + ALLL.  Criticized Loans – Special Mention.  Classified Assets (Classified loans & OREO). Excludes all acquired assets. 53