Welcome to our dedicated page for SouthState Bank news (Ticker: SSB), a resource for investors and traders seeking the latest updates and insights on SouthState Bank stock.
SouthState Corporation (NYSE: SSB) news hub provides investors and financial professionals with centralized access to official press releases, regulatory filings, and market developments. Track this regional banking leader's strategic initiatives through earnings announcements, merger activity updates, and leadership changes.
This resource aggregates SSB's financial communications including quarterly results presentations, SEC filings, and corporate governance updates. Users gain timely insights into commercial banking expansions, wealth management innovations, and community development programs across the Southeast and newer Texas/Colorado markets.
Key content categories include earnings call transcripts, acquisition disclosures, regulatory compliance updates, and executive leadership announcements. Bookmark this page for streamlined monitoring of SSB's credit portfolio performance, dividend declarations, and strategic partnership developments.
For comprehensive tracking of SouthState's financial services evolution, revisit regularly for verified updates directly from corporate communications and authorized news sources. Combine this news feed with SEC filings for complete analysis of the company's community banking initiatives and regional economic impact.
SouthState Corporation (NASDAQ: SSB) reported robust financial results for Q4 and the entire 2022 fiscal year, demonstrating a strong deposit franchise. The company achieved a diluted EPS of $1.88, with adjusted diluted EPS at $1.90. Net income reached $143.5 million, representing a 36% year-over-year increase. Key highlights include a 120 basis point expansion in net interest margin and a 19% annualized growth in loans. A quarterly dividend of $0.50 per share was declared, payable on February 17, 2023. The company’s efficiency ratio improved to 48%, supported by a 5.5% revenue increase against just a 0.5% rise in expenses. SSB remains optimistic about future growth prospects.
SouthState Corporation (NASDAQ: SSB) announced it will release its fourth quarter 2022 earnings on January 26, 2023, after market close. Investors can access the results on SouthState's website under the Investor Relations section. A conference call to discuss the results will be held on January 27, 2023, at 10:00 a.m. (ET). Participants can dial (844) 200-6205 for U.S. callers or (929) 526-1599 for international callers. The conference ID is 040590. A live webcast will also be available on SouthState's website.
SouthState Bank has enhanced its team by hiring seven experienced bankers, strengthening its presence in South Carolina and Alabama. These bankers bring extensive backgrounds in commercial and private banking, which is expected to enhance client service in the region. Notable hires include Jon Chilton, Chris Parish, and Nikki Blanco, among others. Their diverse experiences span various banking roles with reputed institutions like Truist and TD Bank. This strategic recruitment aims to support SouthState's commitment to providing exceptional banking services.
On November 28, 2022, SouthState announced a $1 million donation to Family First, a nonprofit organization dedicated to strengthening families through programs like iMOM and All Pro Dad. This donation aims to enhance Family First's reach and impact, enabling them to provide essential resources and support to millions. The initiative aligns with SouthState's core values of community service and family support. The donation is expected to foster significant change in families' lives nationwide.
SouthState Corporation (NASDAQ: SSB) reported strong Q3 2022 results with a net income of $133 million and earnings per share (EPS) of $1.75. Adjusted EPS reached $1.89, driven by a pre-provision net revenue of $208 million. The net interest margin expanded to 3.53%, while loans increased by $901 million annually. The bank declared a dividend of $0.50 per share, payable on November 18, 2022. However, deposits saw a temporary decline of $1.2 billion, attributed to payroll ACH payments. This quarter reflects SouthState's resilience amidst an uncertain economic landscape.
SouthState Corporation (NASDAQ: SSB) announced the upcoming release of its third quarter 2022 earnings results on October 24, 2022, after market close. Investors can find the results on SouthState's website under the Investor Relations section. A conference call will be held on October 25, 2022, at 9:00 a.m. ET, hosted by CFO Will Matthews. Interested parties can join by calling toll free (844) 200-6205 or listen via the live webcast on the company's website. An audio replay will be available on the site later that day.
Greg A. Lapointe, Chief Banking Officer of SouthState Corporation (NASDAQ: SSB), will retire in December 2023 after over 37 years in banking. His retirement follows 13 years of leadership at SouthState, where he contributed significantly to the company's growth. Richard Murray, the current president, will take over Lapointe's responsibilities to ensure a smooth transition. Lapointe will move to an advisory role effective April 1, 2023. SouthState provides financial solutions across several states, with a focus on consumer, commercial, and wealth management services.
SouthState Corporation (NASDAQ: SSB) announced strong Q2 2022 financial results, reporting consolidated net income of $1.57 per diluted share, up from $1.39 in Q1 2022. Adjusted net income was $1.62, down from $1.69 in Q1. Key highlights included a 12% operating leverage and a 30% increase in pre-provision net revenue per diluted share. The Board declared a quarterly cash dividend of $0.50, payable on August 19, 2022. Total loans increased by 22% annualized, reflecting growth in both commercial and consumer sectors.
SouthState Corporation (NASDAQ: SSB) will announce its second quarter 2022 earnings results on July 28, 2022, following market close. Investors can access the earnings report via SouthState's website in the Investor Relations section. A conference call to discuss the results is scheduled for July 29, 2022, at 9:00 a.m. (ET). Interested participants can join via a toll-free number or a live webcast on the company's website. A replay of the call will be available later the same day.
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