* Sees Q3 loss/shr $1.95 vs $0.43 last yr
* Sees Q3 net interest income down 16 pct
* Sees Q3 loan-loss provision up 71 pct
* Shares fall 20 pct
Oct 20 (Reuters) - Financial services firm South Financial Group Inc TSFG.O expects to post a more than ten-fold jump in quarterly loss, hurt by a $200 million charge and a spike in loan loss provisions.
The company expects third-quarter net loss of $340.8 million, or $1.95 a share, compared with a loss of $31.2 million, or 43 cents a share, last year.
Analysts on average were looking for a loss of 44 cents a share, before items, according to Thomson Reuters I/B/E/S.
During the quarter, the company recorded income tax expense of $123 million, which includes the recognition of a $200 million non-cash charge to establish a valuation allowance for deferred tax assets, South Financial said in a statement.
Loan-loss provision rose 71 percent to $224.2 million, exceeding net charge-offs by $55.6 million.
Final quarterly results are pending completion of a goodwill impairment, South Financial said.
Shares of the Greenville, South Carolina-based bank were down 20 percent at $1.12 in after-market trade. They closed at $1.43 Tuesday on Nasdaq. (Reporting by Brenton Cordeiro in Bangalore; Editing by Pradeep Kurup)