SouthState Bank Corporation Reports Third Quarter 2026 Results, Declares Quarterly Cash Dividend

Loan and deposit growth accompanied lower quarterly profit, while nine-month net income exceeded the prior-year period.

Rhea-AI Summary

SouthState Bank Corporation (SSB) reported third-quarter 2026 net income of $223.798 million, down from both the prior quarter and a year earlier. Diluted earnings per share were $2.30. Net income compared with $230.022 million in the second quarter and $246.641 million a year earlier. Net interest income rose to $591.518 million sequentially, while noninterest income fell to $93.911 million and noninterest expense increased to $374.763 million.

Loans grew $1.2 billion and deposits grew $1.3 billion sequentially, each at a 9% annualized rate. The non-tax-equivalent net interest margin was 3.77%. Credit-loss provision increased to $20.345 million from $15.919 million in the prior quarter. Nine-month net income rose to $679.640 million from $550.945 million a year earlier. The board declared a $0.66 quarterly dividend, payable November 13, 2026, to shareholders of record November 6.

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0 major · 7 points

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Positive

• Moderate pointNine-month net income rose to $679.640 million from $550.945 million a year earlier.
• Moderate pointLoans grew $1.2 billion sequentially, or 9% annualized, and $4.4 billion, or 9%, year over year.
• Moderate pointDeposits grew $1.3 billion sequentially, or 9% annualized, and $3.6 billion, or 7%, year over year.
• Moderate pointNet interest income rose 3% sequentially to $591.518 million, but fell from $599.697 million a year earlier.
• Moderate pointTangible book value per share, a non-GAAP measure, rose 7% year over year to $58.19.
• Moderate pointDividend increased 10% over the past year; nearly 5% of shares were repurchased over that period.
• Moderate pointNine-month noninterest income increased to $290.735 million from $271.991 million a year earlier.
• Moderate pointNine-month noninterest expense declined to $1,092.036 million from $1,156.229 million a year earlier.
• Moderate pointNine-month credit-loss provision declined to $47.072 million from $113.152 million a year earlier.
• Minor pointShare repurchases totaled 250,000 shares during the quarter at a weighted average price of $104.45.

Negative

• Moderate pointQuarterly net income fell to $223.798 million from $230.022 million sequentially and $246.641 million a year earlier.
• Moderate pointQuarterly noninterest expense rose to $374.763 million from $357.749 million sequentially, primarily reflecting salaries and benefits.
• Moderate pointQuarterly noninterest income fell to $93.911 million from $96.726 million sequentially and $99.086 million a year earlier.
• Moderate pointQuarterly credit-loss provision increased to $20.345 million from $15.919 million sequentially and $5.085 million a year earlier.
• Moderate pointLoan accretion income fell $6 million sequentially and $56 million year over year to $27 million.

2 minor points

• Minor pointTotal deposit cost rose 0.04% from the prior quarter to 1.80%.
• Minor pointNet charge-offs totaled $12 million, or an annualized 0.09% of average loans.

Key Figures

Diluted EPS: $2.30 Net income: $224 million Quarterly cash dividend: $0.66 per share +4 more

Diluted EPS

$2.30

Q3 2026 reported diluted EPS

Net income

$224 million

Q3 2026

Quarterly cash dividend

$0.66 per share

Payable Nov 13, 2026, to shareholders of record Nov 6, 2026

Net interest income

$592 million

Q3 2026; up $16 million, or 3%, from the prior quarter

Net interest margin

3.77%

Q3 2026, non-tax equivalent

Loan growth

9% annualized

Q3 2026

Deposit growth

9% annualized

Q3 2026

Previous Dividends,earnings Reports

1 past event · Latest: Jul 23

Same Type 1 event

1. Jul 23

   Quarterly earnings

   24h Move

   +4.7%

   Q2 reported $2.35 diluted EPS and raised the quarterly dividend to $0.66 per share.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

eps, non-gaap, net interest margin, net charge-offs, +2 more

6 terms

eps financial

"Reported diluted Earnings per Share ("EPS") and Adjusted Diluted EPS"

Earnings per share (EPS) measures how much profit a company makes for each outstanding share of its stock by dividing the company’s profit after expenses by the number of shares. It matters to investors because it shows how much of the company’s “pie” each share represents—higher EPS usually signals greater profitability per share, helps compare companies of different sizes, and influences stock valuations and investor decisions.

View in glossary

non-gaap financial

"Adjusted Diluted EPS (Non-GAAP) of $2.30"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

View in glossary

net interest margin financial

"Net Interest Margin ("NIM"), non-tax equivalent and tax equivalent"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

net charge-offs financial

"Net charge-offs totaled $12 million, or 0.09% of average loans"

Net charge-offs are the amount of loans or credit a lender removes from its books as uncollectible after subtracting any money later recovered from previously written-off accounts. Think of it like a store writing off unpaid tabs but getting back a few dollars later — the net figure shows the real loss. Investors watch this to judge a lender’s loan quality, future profits and how much capital may be needed to cover bad debts.

allowance for credit losses financial

"total Allowance for Credit Losses ("ACL") plus reserve for unfunded commitments"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

tangible book value financial

"Tangible Book Value ("TBV") per Share (Non-GAAP) of $58.19"

Tangible book value is the accounting measure of a company’s net worth after removing intangible items like goodwill, patents and trademarks, leaving only physical and financial assets minus liabilities. For investors it offers a clearer view of the company’s hard-asset backing per share—like estimating the cash you could get by selling the furniture, machinery and cash in a house—helping gauge downside risk and whether a stock may be cheaply valued.

View in glossary

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WINTER HAVEN, Fla., Oct. 21, 2026 /PRNewswire/ -- SouthState Bank Corporation ("SouthState" or the "Company") (NYSE: SSB) today released its unaudited results of operations and other financial information for the three-month and nine-month periods ended September 30, 2026.

"The third quarter was marked by strong balance sheet growth and a stable net interest margin," said John C. Corbett, SouthState's chief executive officer.  "Loans and deposits each grew at a 9% annualized rate, with growth broad-based across our geographies and business lines, and boosted by the bankers we've added over the past year. Asset quality remains favorable, and while capital markets activity softened as treasury yields rose, the core franchise continues to perform well."

Highlights of the third quarter of 2026 include:

Returns

• Reported diluted Earnings per Share ("EPS") and Adjusted Diluted EPS (Non-GAAP) of $2.30
• Net Income of $224 million
• Return on Average Common Equity of 9.7%; Return on Average Tangible Common Equity (Non-GAAP) of 16.6%*
• Return on Average Assets ("ROAA") of 1.29%*
• Book Value per Share of $93.51
• Tangible Book Value ("TBV") per Share (Non-GAAP) of $58.19, an increase of 7% year over year, after raising the dividend by 10%, and repurchasing nearly 5% of the Company's shares over the past year

Performance

• Net Interest Income of $592 million, an increase of $16 million, or 3%, compared to the prior quarter
• Noninterest Income of $94 million, compared to $97 million in the prior quarter; Noninterest Income represented 0.54%* of average assets, compared to 0.57%* in the prior quarter
• Noninterest Expense of $375 million, an increase of $17 million compared to the prior quarter primarily due to an increase in salaries and employee benefits expense; compensation expense increases were due to July 1 merit increases, successful execution of the revenue producer hiring initiative, higher incentive accruals, and a reduction in deferred loan costs compared to the prior quarter
• Net Interest Margin ("NIM"), non-tax equivalent and tax equivalent (Non-GAAP), of 3.77% and 3.78%, respectively; loan accretion income of $27 million, a decrease of $6 million compared to the prior quarter and a decrease of $56 million year over year
• Net charge-offs totaled $12 million, or 0.09%* of average loans
• $20 million of Provision for Credit Losses ("PCL"); total Allowance for Credit Losses ("ACL") plus reserve for unfunded commitments of 1.29% of loans
• Efficiency Ratio of 52%

Balance Sheet

• Loans increased by $1.2 billion, or 9%*, compared to the prior quarter and increased by $4.4 billion, or 9%, year over year; deposits increased by $1.3 billion, or 9%*, and increased by $3.6 billion, or 7%, year over year; ending loan to deposit ratio of 90%
• Total deposit cost of 1.80%, up 0.04% from the prior quarter
• Repurchased a total of 250,000 shares during the quarter at a weighted average price of $104.45
• Strong capital position with Tangible Common Equity, Total Risk-Based Capital, Tier 1 Leverage, and Tier 1 Common Equity ratios of 8.4%, 13.5%, 9.4%, and 11.1%, respectively†

Subsequent Events

• The Board of Directors of the Company declared a quarterly cash dividend on its common stock of $0.66 per share, payable on November 13, 2026 to shareholders of record as of November 6, 2026

∗  Annualized percentages

†  Preliminary

Financial Performance

		Three Months Ended																									Nine Months Ended
(Dollars in thousands, except per share data)		Sep. 30,					Jun. 30,					Mar. 31,					Dec. 31,					Sep. 30,					Sep. 30,					Sep. 30,
INCOME STATEMENT		2026					2026					2026					2025					2025					2026					2025
Interest Income
Loans, including fees (1)		$		772,100			$		744,652			$		721,571			$		748,106			$		782,382			$		2,238,322			$		2,253,471
Investment and trading securities, federal funds sold
and securities purchased under agreements to resell				92,756					93,607					95,258					100,640					99,300					281,622					277,281
Total interest income				864,856					838,259					816,829					848,746					881,682					2,519,944					2,530,752
Interest Expense
Deposits				256,051					244,216					238,522					250,189					257,271					738,789					744,820
Federal funds purchased, securities sold under
agreements to repurchase, and other borrowings				17,287					18,094					16,702					17,442					24,714					52,083					63,740
Total interest expense				273,338					262,310					255,224					267,631					281,985					790,872					808,560
Net Interest Income				591,518					575,949					561,605					581,115					599,697					1,729,072					1,722,192
Provision for credit losses ("PCL")				20,345					15,919					10,808					6,605					5,085					47,072					113,152
Net Interest Income after PCL				571,173					560,030					550,797					574,510					594,612					1,682,000					1,609,040
Noninterest Income
Operating income				93,911					96,726					100,098					105,753					99,086					290,735					271,523
Securities losses, net				—					—					—					—					—					—					(228,811)
Gain on sale leaseback, net of transaction costs				—					—					—					—					—					—					229,279
Total noninterest income				93,911					96,726					100,098					105,753					99,086					290,735					271,991
Noninterest Expense
Operating expense				374,763					357,749					359,524					364,196					351,453					1,092,036					1,042,955
Merger, branch consolidation, severance related,
and other expense (8)				—					—					—					4,494					20,889					—					113,274
FDIC special assessment				—					—					—					(3,835)					—					—					—
Total noninterest expense				374,763					357,749					359,524					364,855					372,342					1,092,036					1,156,229
Income before Income Tax Provision				290,321					299,007					291,371					315,408					321,356					880,699					724,802
Income tax provision				66,523					68,985					65,551					67,686					74,715					201,059					173,857
Net Income		$		223,798			$		230,022			$		225,820			$		247,722			$		246,641			$		679,640			$		550,945
Adjusted Net Income (non-GAAP) (2)
Net Income (GAAP)		$		223,798			$		230,022			$		225,820			$		247,722			$		246,641			$		679,640			$		550,945
Securities losses, net of tax				—					—					—					—					—					—					178,639
Gain on sale leaseback, net of transaction costs
and tax				—					—					—					—					—					—					(179,004)
Initial provision for credit losses - Non-PCD loans
and UFC from Independent, net of tax				—					—					—					—					—					—					71,892
Merger, branch consolidation, severance related,
and other expense, net of tax (8)				—					—					—					3,529					16,032					—					87,719
Deferred tax asset remeasurement				—					—					—					—					—					—					5,581
FDIC special assessment, net of tax				—					—					—					(3,012)					—					—					—
Adjusted Net Income (non-GAAP)		$		223,798			$		230,022			$		225,820			$		248,239			$		262,673			$		679,640			$		715,772
Basic earnings per common share		$		2.31			$		2.36			$		2.29			$		2.48			$		2.44			$		6.96			$		5.43
Diluted earnings per common share		$		2.30			$		2.35			$		2.28			$		2.46			$		2.42			$		6.93			$		5.41
Adjusted net income per common share - Basic
(non-GAAP) (2)		$		2.31			$		2.36			$		2.29			$		2.48			$		2.60			$		6.96			$		7.06
Adjusted net income per common share - Diluted
(non-GAAP) (2)		$		2.30			$		2.35			$		2.28			$		2.47			$		2.58			$		6.93			$		7.03
Dividends per common share		$		0.66			$		0.60			$		0.60			$		0.60			$		0.60			$		1.86			$		1.68
Basic weighted-average common shares
outstanding				96,922,986					97,300,899					98,544,242					100,063,315					101,218,431					97,583,437					101,373,803
Diluted weighted-average common shares
outstanding				97,429,305					97,676,767					98,922,258					100,618,796					101,735,095					98,001,720					101,807,090
Effective tax rate				22.91	%				23.07	%				22.50	%				21.46	%				23.25	%				22.83	%				23.99	%

Performance and Capital Ratios

		Three Months Ended																									Nine Months Ended
		Sep. 30,					Jun. 30,					Mar. 31,					Dec. 31,					Sep. 30,					Sep. 30,				Sep. 30,
		2026					2026					2026					2025					2025					2026				2025
PERFORMANCE RATIOS
Return on average assets (annualized)				1.29		%			1.36		%			1.37		%			1.47		%			1.49		%		1.34		%		1.14		%
Adjusted return on average assets (annualized) (non-GAAP) (2)				1.29		%			1.36		%			1.37		%			1.48		%			1.59		%		1.34		%		1.48		%
Return on average common equity (annualized)				9.70		%			10.19		%			10.11		%			10.90		%			11.04		%		10.00		%		8.50		%
Adjusted return on average common equity (annualized) (non-GAAP) (2)				9.70		%			10.19		%			10.11		%			10.92		%			11.75		%		10.00		%		11.05		%
Return on average tangible common equity (annualized) (non-GAAP) (3)				16.60		%			17.62		%			17.59		%			19.10		%			19.62		%		17.26		%		15.80		%
Adjusted return on average tangible common equity (annualized) (non-GAAP) (2) (3)				16.60		%			17.62		%			17.59		%			19.14		%			20.81		%		17.26		%		20.10		%
Efficiency ratio (tax equivalent)				51.61		%			50.00		%			51.05		%			49.65		%			49.88		%		50.89		%		54.35		%
Adjusted efficiency ratio (non-GAAP) (4)				51.61		%			50.00		%			51.05		%			49.56		%			46.89		%		50.89		%		48.68		%
Dividend payout ratio (5)				28.60		%			25.31		%			26.12		%			24.23		%			24.59		%		26.66		%		30.89		%
Book value per common share		$		93.51			$		94.17			$		92.21			$		91.38			$		89.14
Tangible book value per common share (non-GAAP) (3)		$		58.19			$		58.72			$		56.90			$		56.27			$		54.48
CAPITAL RATIOS
Equity-to-assets				12.8		%			13.3		%			13.3		%			13.5		%			13.6		%
Tangible equity-to-tangible assets (non-GAAP) (3)				8.4		%			8.7		%			8.6		%			8.8		%			8.8		%
Tier 1 leverage (6)				9.4		%			9.4		%			9.4		%			9.3		%			9.4		%
Tier 1 common equity (6)				11.1		%			11.1		%			11.3		%			11.4		%			11.5		%
Tier 1 risk-based capital (6)				11.1		%			11.1		%			11.3		%			11.4		%			11.5		%
Total risk-based capital (6)				13.5		%			13.5		%			13.7		%			13.8		%			14.0		%

Balance Sheet

		Ending Balance
(Dollars in thousands, except per share and share data)		Sep. 30,					Jun. 30,					Mar. 31,					Dec. 31,					Sep. 30,
BALANCE SHEET		2026					2026					2026					2025					2025
Assets
Cash and due from banks		$		527,622			$		649,079			$		598,218			$		583,375			$		582,792
Federal funds sold and interest-earning deposits with banks				2,446,996					1,701,233					2,268,864					2,589,108					2,561,663
Cash and cash equivalents				2,974,618					2,350,312					2,867,082					3,172,483					3,144,455
Trading securities, at fair value				141,534					191,094					117,590					110,183					107,519
Investment securities:
Securities held to maturity				1,905,299					1,955,754					2,007,249					2,048,030					2,096,727
Securities available for sale, at fair value				6,393,309					6,598,177					6,530,348					6,313,756					6,042,800
Other investments				407,172					366,986					370,924					353,428					366,218
Total investment securities				8,705,780					8,920,917					8,908,521					8,715,214					8,505,745
Loans held for sale				296,835					405,441					327,935					345,343					346,673
Loans:
Purchased credit deteriorated				2,454,067					2,658,792					2,818,360					2,977,499					3,160,359
Purchased non-credit deteriorated				9,291,111					9,921,791					10,714,489					11,232,414					11,877,828
Non-acquired				40,307,915					38,266,289					35,963,934					34,388,614					32,629,724
Less allowance for credit losses				(588,918)					(586,664)					(585,882)					(585,197)					(590,133)
Loans, net				51,464,175					50,260,208					48,910,901					48,013,330					47,077,778
Premises and equipment, net				992,295					992,594					993,584					994,176					961,510
Bank owned life insurance				1,321,036					1,311,197					1,302,382					1,293,574					1,285,532
Mortgage servicing rights				101,990					91,442					90,018					84,032					84,491
Core deposit and other intangibles				322,589					343,424					364,686					386,326					409,890
Goodwill				3,094,059					3,094,059					3,094,059					3,094,059					3,094,059
Other assets				1,024,753					949,340					1,002,465					988,692					1,030,558
Total assets		$		70,439,664			$		68,910,028			$		67,979,223			$		67,197,412			$		66,048,210
Liabilities and Shareholders' Equity
Deposits:
Noninterest-bearing		$		13,445,715			$		13,451,094			$		13,650,799			$		13,375,697			$		13,430,459
Interest-bearing				44,192,566					42,898,716					42,224,864					41,770,100					40,642,810
Total deposits				57,638,281					56,349,810					55,875,663					55,145,797					54,073,269
Federal funds purchased and securities
sold under agreements to repurchase				498,173					569,486					643,386					618,215					594,092
Other borrowings				996,855					996,749					696,642					696,536					696,429
Reserve for unfunded commitments				82,299					76,525					69,229					69,619					68,538
Other liabilities				2,176,723					1,785,990					1,663,387					1,608,137					1,604,756
Total liabilities				61,392,331					59,778,560					58,948,307					58,138,304					57,037,084
Shareholders' equity:
Common stock - $2.50 par value; authorized 160,000,000 shares				241,894					242,428					244,844					247,845					252,723
Surplus				6,233,566					6,247,484					6,332,285					6,480,471					6,647,952
Retained earnings				3,111,483					2,951,691					2,779,896					2,614,173					2,426,463
Accumulated other comprehensive loss				(539,610)					(310,135)					(326,109)					(283,381)					(316,012)
Total shareholders' equity				9,047,333					9,131,468					9,030,916					9,059,108					9,011,126
Total liabilities and shareholders' equity		$		70,439,664			$		68,910,028			$		67,979,223			$		67,197,412			$		66,048,210
Common shares issued and outstanding				96,757,601					96,971,142					97,937,653					99,138,204					101,089,231

Net Interest Income and Margin

		Three Months Ended
		Sep. 30, 2026														Jun. 30, 2026														Sep. 30, 2025
(Dollars in thousands)		Average					Income/					Yield/				Average					Income/					Yield/				Average					Income/					Yield/
YIELD ANALYSIS		Balance					Expense					Rate				Balance					Expense					Rate				Balance					Expense					Rate
Interest-Earning Assets:
Federal funds sold and interest-earning deposits with banks		$		1,226,660			$		9,861				3.19	%		$		1,386,864			$		12,236				3.54	%		$		2,212,239			$		23,271				4.17	%
Investment securities				9,265,691					82,895				3.55	%				9,213,359					81,371				3.54	%				8,624,670					76,029				3.50	%
Loans held for sale				249,878					4,274				6.79	%				286,422					4,602				6.44	%				289,884					5,067				6.93	%
Total loans held for investment				51,475,218					767,826				5.92	%				50,247,114					740,050				5.91	%				47,600,317					777,315				6.48	%
Total interest-earning assets				62,217,447					864,856				5.51	%				61,133,759					838,259				5.50	%				58,727,110					881,682				5.96	%
Noninterest-earning assets				6,577,077														6,694,407														6,762,434
Total Assets		$		68,794,524												$		67,828,166												$		65,489,544
Interest-Bearing Liabilities ("IBL"):
Transaction and money market accounts		$		32,634,509			$		189,191				2.30	%		$		32,098,340			$		180,220				2.25	%		$		29,623,457			$		187,627				2.51	%
Savings deposits				2,794,029					1,655				0.24	%				2,817,269					1,638				0.23	%				2,879,488					1,940				0.27	%
Certificates and other time deposits				7,493,938					65,205				3.45	%				7,184,745					62,358				3.48	%				7,310,133					67,704				3.67	%
Federal funds purchased				266,686					2,455				3.65	%				289,337					2,616				3.63	%				331,707					3,640				4.35	%
Repurchase agreements				260,312					1,319				2.01	%				293,341					1,477				2.02	%				281,395					1,527				2.15	%
Other borrowings				791,385					13,513				6.77	%				851,660					14,001				6.59	%				974,992					19,547				7.95	%
Total interest-bearing liabilities				44,240,859					273,338				2.45	%				43,534,692					262,310				2.42	%				41,401,172					281,985				2.70	%
Noninterest-bearing deposits				13,500,596														13,521,146														13,541,840
Other noninterest-bearing liabilities				1,898,722														1,719,228														1,679,124
Shareholders' equity				9,154,347														9,053,100														8,867,408
Total Non-IBL and shareholders' equity				24,553,665														24,293,474														24,088,372
Total Liabilities and Shareholders' Equity		$		68,794,524												$		67,828,166												$		65,489,544
Net Interest Income and Margin (Non-Tax Equivalent)							$		591,518				3.77	%							$		575,949				3.78	%							$		599,697				4.05	%
Net Interest Margin (Tax Equivalent) (non-GAAP)													3.78	%													3.78	%													4.06	%
Total Deposit Cost (without Debt and Other Borrowings)													1.80	%													1.76	%													1.91	%
Overall Cost of Funds (including Demand Deposits)													1.88	%													1.84	%													2.04	%
Total Accretion on Acquired Loans (1)							$		26,642												$		33,054												$		82,976
Tax Equivalent ("TE") Adjustment							$		769												$		751												$		718

• The remaining loan discount on acquired loans to be accreted into loan interest income totals $159.3 million as of September 30, 2026.

Noninterest Income and Expense

		Three Months Ended																									Nine Months Ended
		Sep. 30,					Jun. 30,					Mar. 31,					Dec. 31,					Sep. 30,					Sep. 30,					Sep. 30,
(Dollars in thousands)		2026					2026					2026					2025					2025					2026					2025
Noninterest Income:
Fees on deposit accounts		$		42,811			$		41,568			$		38,699			$		41,950			$		42,572			$		123,078			$		116,374
Mortgage banking income				5,630					4,890					11,016					5,158					5,462					21,536					19,135
Trust and investment services income				15,838					15,164					14,471					14,684					14,157					45,473					43,508
Correspondent banking and capital markets income				20,124					24,839					24,427					30,638					25,522					69,390					61,398
Expense on centrally-cleared variation margin				(5,560)					(4,028)					(3,000)					(3,167)					(4,318)					(12,588)					(16,882)
Total correspondent banking and capital markets income				14,564					20,811					21,427					27,471					21,204					56,802					44,516
Bank owned life insurance income				9,929					9,624					9,494					9,633					10,597					29,047					29,949
Other				5,139					4,669					4,991					6,857					5,094					14,799					18,041
Securities losses, net				—					—					—					—					—					—					(228,811)
Gain on sale leaseback, net of transaction costs				—					—					—					—					—					—					229,279
Total Noninterest Income		$		93,911			$		96,726			$		100,098			$		105,753			$		99,086			$		290,735			$		271,991
Noninterest Expense:
Salaries and employee benefits		$		217,237			$		205,377			$		205,653			$		202,714			$		199,148			$		628,267			$		595,121
Occupancy expense				44,136					43,878					42,302					42,567					40,874					130,316					117,874
Information services expense				29,968					29,136					29,704					30,443					28,988					88,808					90,505
OREO and loan related expense				3,106					952					4,378					867					5,427					8,436					9,506
Business development and staff related				10,877					10,639					11,362					13,485					8,907					32,877					22,600
Amortization of intangibles				20,628					21,041					21,304					23,417					23,426					62,973					71,305
Professional fees				5,898					5,090					5,239					7,410					4,994					16,227					14,361
FDIC assessment and other regulatory charges				10,911					10,753					10,257					9,884					8,374					31,921					31,101
Advertising and marketing				4,178					3,836					3,325					4,710					2,980					11,339					8,280
Other operating expenses				27,824					27,047					26,000					28,699					28,335					80,872					82,302
Merger, branch consolidation, severance related and other expense (8)				—					—					—					4,494					20,889					—					113,274
FDIC special assessment				—					—					—					(3,835)					—					—					—
Total Noninterest Expense		$		374,763			$		357,749			$		359,524			$		364,855			$		372,342			$		1,092,036			$		1,156,229

Loans and Deposits

The following table presents a summary of the loan portfolio by type:

		Ending Balance
(Dollars in thousands)		Sep. 30,					Jun. 30,					Mar. 31,					Dec. 31,					Sep. 30,
LOAN PORTFOLIO (7)		2026					2026					2026					2025					2025
Construction and land development * †		$		2,917,132			$		2,982,968			$		2,592,908			$		2,548,360			$		2,678,971
Investor commercial real estate*				19,079,859					18,656,455					18,298,938					17,883,913					17,603,205
Commercial owner occupied real estate				7,951,811					7,852,391					7,671,535					7,576,991					7,529,075
Commercial and industrial				9,804,607					9,378,444					9,385,926					9,181,408					8,644,636
Consumer real estate *				11,343,405					11,034,102					10,573,897					10,450,223					10,202,026
Consumer/other				956,279					942,512					973,579					957,632					1,009,998
Total Loans		$		52,053,093			$		50,846,872			$		49,496,783			$		48,598,527			$		47,667,911

*	Single family home construction-to-permanent loans originated by the Company's mortgage banking division are included in construction and land development category until completion.  Investor commercial real estate loans include commercial non-owner occupied real estate and other income producing property.  Consumer real estate includes consumer owner occupied real estate and home equity loans.
†	Includes single family home construction-to-permanent loans of $370.5 million, $358.4 million, $360.4 million, $342.8 million, and $350.2 million, for the quarters ended September 30, 2026, June 30, 2026, March 31, 2036, December 31, 2025, and September 30, 2025, respectively.

 

		Ending Balance
(Dollars in thousands)		Sep. 30,					Jun. 30,					Mar. 31,					Dec. 31,					Sep. 30,
DEPOSITS		2026					2026					2026					2025					2025
Noninterest-bearing checking		$		13,445,715			$		13,451,094			$		13,650,799			$		13,375,697			$		13,430,459
Interest-bearing checking				14,323,722					14,710,312					14,119,614					13,838,558					12,906,408
Savings				2,775,607					2,796,845					2,841,408					2,820,621					2,853,410
Money market				18,741,198					17,531,137					18,014,140					17,751,688					17,251,469
Time deposits				8,352,039					7,860,422					7,249,702					7,359,233					7,631,523
Total Deposits		$		57,638,281			$		56,349,810			$		55,875,663			$		55,145,797			$		54,073,269

Asset Quality

		Ending Balance
		Sep. 30,					Jun. 30,					Mar. 31,					Dec. 31,					Sep. 30,
(Dollars in thousands)		2026					2026					2026					2025					2025
NONPERFORMING ASSETS:
Non-acquired
Non-acquired nonaccrual loans and restructured loans on nonaccrual		$		159,465			$		171,264			$		177,158			$		161,975			$		146,751
Accruing loans past due 90 days or more				3,642					2,961					6,915					2,997					4,352
Non-acquired OREO and other nonperforming assets				11,939					11,722					8,339					5,273					11,969
Total non-acquired nonperforming assets				175,046					185,947					192,412					170,245					163,072
Acquired
Acquired nonaccrual loans and restructured loans on nonaccrual				124,870					99,352					116,002					135,179					149,695
Accruing loans past due 90 days or more				6,987					835					1,986					1,944					891
Acquired OREO and other nonperforming assets				3,867					1,254					18,155					3,901					7,147
Total acquired nonperforming assets				135,724					101,441					136,143					141,024					157,733
Total nonperforming assets		$		310,770			$		287,388			$		328,555			$		311,269			$		320,805

 

		Three Months Ended
		Sep. 30,					Jun. 30,					Mar. 31,					Dec. 31,					Sep. 30,
		2026					2026					2026					2025					2025
ASSET QUALITY RATIOS (7):
Allowance for credit losses as a percentage of loans				1.13	%				1.15	%				1.18	%				1.20	%				1.24	%
Allowance for credit losses, including reserve for unfunded commitments,
as a percentage of loans				1.29	%				1.30	%				1.32	%				1.35	%				1.38	%
Allowance for credit losses as a percentage of nonperforming loans				199.66	%				213.79	%				193.96	%				193.71	%				195.61	%
Net charge-offs as a percentage of average loans (annualized)				0.09	%				0.06	%				0.09	%				0.09	%				0.27	%
Total nonperforming assets as a percentage of total assets				0.44	%				0.42	%				0.48	%				0.46	%				0.49	%
Nonperforming loans as a percentage of period end loans				0.57	%				0.54	%				0.61	%				0.62	%				0.63	%

Current Expected Credit Losses ("CECL")

Below is a table showing the roll forward of the ACL and UFC for the third quarter of 2026:

		Allowance for Credit Losses ("ACL") and Unfunded Commitments ("UFC")
(Dollars in thousands)		Non-PCD ACL					PCD ACL					Total ACL					UFC
Ending balance 6/30/2026		$		526,492			$		60,172			$		586,664			$		76,525
Charge offs				(10,354)					—					(10,354)				N/A
Acquired charge offs				(1,708)					(5,663)					(7,371)				N/A
Recoveries				2,459					—					2,459				N/A
Acquired recoveries				1,017					1,932					2,949				N/A
Provision for credit losses				11,942					2,629					14,571					5,774
Ending balance 9/30/2026		$		529,848			$		59,070			$		588,918			$		82,299
Period end loans		$		49,599,026			$		2,454,067			$		52,053,093				N/A
Allowance for Credit Losses to Loans				1.07	%				2.41	%				1.13	%			N/A
Unfunded commitments (off balance sheet) †																	$		13,392,711
Reserve to unfunded commitments (off balance sheet)																			0.61	%

†	Unfunded commitments exclude unconditionally cancelable commitments and letters of credit.

Conference Call 

The Company will host a conference call to discuss its third quarter results at 9:00 a.m. Eastern Time on October 22, 2026.  Callers wishing to participate may call toll-free by dialing (833) 461-5787 within the US. The numbers for international participants are listed at https://help.events.q4inc.com/eahc/international-dial-in-numbers.  The conference ID number is 728284222.   Alternatively, individuals may listen to the live webcast of the presentation by visiting SouthStateBank.com.  A replay of the live webcast is expected to be available by the evening of October 22, 2026 on the Investor Relations section of SouthStateBank.com.

SouthState is a financial services company headquartered in Winter Haven, Florida. SouthState Bank, N.A., the company's nationally chartered bank subsidiary, provides consumer, commercial, mortgage and wealth management solutions to more than 1.8 million customers throughout Florida, Texas, the Carolinas, Georgia, Colorado, Alabama, Virginia and Tennessee.  The bank also serves clients nationwide through its correspondent banking division.  Additional information is available at SouthStateBank.com.

Non-GAAP Measures

Statements included in this press release include non-GAAP measures and should be read along with the accompanying tables that provide a reconciliation of non-GAAP measures to GAAP measures.  Although other companies may use calculation methods that differ from those used by SouthState for non-GAAP measures, management believes that these non-GAAP measures provide additional useful information, which allows readers to evaluate the ongoing performance of the Company.  Non-GAAP measures should not be considered as an alternative to any measure of performance or financial condition as promulgated under GAAP, and investors should consider the Company's performance and financial condition as reported under GAAP and all other relevant information when assessing the performance or financial condition of the Company.  Non-GAAP measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the Company's results or financial condition as reported under GAAP.

(Dollars in thousands)		Three Months Ended
PRE-PROVISION NET REVENUE ("PPNR") (NON-GAAP)		Sep. 30, 2026						Jun. 30, 2026						Mar. 31, 2026						Dec. 31, 2025						Sep. 30, 2025
Net income (GAAP)		$		223,798				$		230,022				$		225,820				$		247,722				$		246,641
Provision for credit losses				20,345						15,919						10,808						6,605						5,085
Income tax provision				66,523						68,985						65,551						67,686						74,715
Merger, branch consolidation, severance related and other expense (8)				—						—						—						4,494						20,889
FDIC special assessment				—						—						—						(3,835)						—
Pre-provision net revenue (PPNR) (Non-GAAP)		$		310,666				$		314,926				$		302,179				$		322,672				$		347,330

 

(Dollars in thousands)		Three Months Ended
NET INTEREST MARGIN ("NIM"), TE (NON-GAAP)		Sep. 30, 2026						Jun. 30, 2026						Mar. 31, 2026						Dec. 31, 2025						Sep. 30, 2025
Net interest income (GAAP)		$		591,518				$		575,949				$		561,605				$		581,115				$		599,697
Total average interest-earning assets				62,217,447						61,133,759						60,201,176						59,872,113						58,727,110
NIM, non-tax equivalent				3.77		%				3.78		%				3.78		%				3.85		%				4.05		%
Tax equivalent adjustment (included in NIM, TE)				769						751						760						800						718
Net interest income, tax equivalent (Non-GAAP)		$		592,287				$		576,700				$		562,365				$		581,915				$		600,415
NIM, TE (Non-GAAP)				3.78		%				3.78		%				3.79		%				3.86		%				4.06		%

 

		Three Months Ended																														Nine Months Ended
(Dollars in thousands, except per share data)		Sep. 30,						Jun. 30,						Mar. 31,						Dec. 31,						Sep. 30,						Sep. 30,						Sep. 30,
RECONCILIATION OF GAAP TO NON-GAAP		2026						2026						2026						2025						2025						2026						2025
Adjusted Net Income (non-GAAP) (2)
Net income (GAAP)		$		223,798				$		230,022				$		225,820				$		247,722				$		246,641				$		679,640				$		550,945
Securities losses, net of tax				—						—						—						—						—						—						178,639
Gain on sale leaseback, net of transaction costs and tax				—						—						—						—						—						—						(179,004)
PCL - Non-PCD loans and UFC, net of tax				—						—						—						—						—						—						71,892
Merger, branch consolidation, severance related and other expense,
net of tax (8)				—						—						—						3,529						16,032						—						87,719
Deferred tax asset remeasurement				—						—						—						—						—						—						5,581
FDIC special assessment, net of tax				—						—						—						(3,012)						—						—						—
Adjusted net income (non-GAAP)		$		223,798				$		230,022				$		225,820				$		248,239				$		262,673				$		679,640				$		715,772
Adjusted Net Income per Common Share - Basic (non-GAAP) (2)
Earnings per common share - Basic (GAAP)		$		2.31				$		2.36				$		2.29				$		2.48				$		2.44				$		6.96				$		5.43
Effect to adjust for securities losses, net of tax				—						—						—						—						—						—						1.76
Effect to adjust for gain on sale leaseback, net of transaction costs and tax				—						—						—						—						—						—						(1.77)
Effect to adjust for PCL - Non-PCD loans and UFC, net of tax				—						—						—						—						—						—						0.71
Effect to adjust for merger, branch consolidation, severance related
and other expense, net of tax (8)				—						—						—						0.03						0.16						—						0.87
Effect to adjust for deferred tax asset remeasurement				—						—						—						—						—						—						0.06
Effect to adjust for FDIC special assessment, net of tax				—						—						—						(0.03)						—						—						—
Adjusted net income per common share - Basic (non-GAAP)		$		2.31				$		2.36				$		2.29				$		2.48				$		2.60				$		6.96				$		7.06
Adjusted Net Income per Common Share - Diluted (non-GAAP) (2)
Earnings per common share - Diluted (GAAP)		$		2.30				$		2.35				$		2.28				$		2.46				$		2.42				$		6.93				$		5.41
Effect to adjust for securities losses, net of tax				—						—						—						—						—						—						1.75
Effect to adjust for gain on sale leaseback, net of transaction costs and tax				—						—						—						—						—						—						(1.76)
Effect to adjust for PCL - Non-PCD loans and UFC, net of tax				—						—						—						—						—						—						0.71
Effect to adjust for merger, branch consolidation, severance related
and other expense, net of tax (8)				—						—						—						0.04						0.16						—						0.86
Effect to adjust for deferred tax remeasurement				—						—						—						—						—						—						0.05
Effect to adjust for FDIC special assessment, net of tax				—						—						—						(0.03)						—						—						—
Adjusted net income per common share - Diluted (non-GAAP)		$		2.30				$		2.35				$		2.28				$		2.47				$		2.58				$		6.93				$		7.03
Adjusted Return on Average Assets (non-GAAP) (2)
Return on average assets (GAAP)				1.29		%				1.36		%				1.37		%				1.47		%				1.49		%				1.34		%				1.14		%
Effect to adjust for securities losses, net of tax				—		%				—		%				—		%				—		%				—		%				—		%				0.37		%
Effect to adjust for gain on sale leaseback, net of transaction costs and tax				—		%				—		%				—		%				—		%				—		%				—		%				(0.37)		%
Effect to adjust for PCL - Non-PCD loans and UFC, net of tax				—		%				—		%				—		%				—		%				—		%				—		%				0.15		%
Effect to adjust for merger, branch consolidation, severance related
and other expense, net of tax (8)				—		%				—		%				—		%				0.03		%				0.10		%				—		%				0.18		%
Effect to adjust for deferred tax remeasurement				—		%				—		%				—		%				—		%				—		%				—		%				0.01		%
Effect to adjust for FDIC special assessment, net of tax				—		%				—		%				—		%				(0.02)		%				—		%				—		%				—		%
Adjusted return on average assets (non-GAAP)				1.29		%				1.36		%				1.37		%				1.48		%				1.59		%				1.34		%				1.48		%
Adjusted Return on Average Common Equity (non-GAAP) (2)
Return on average common equity (GAAP)				9.70		%				10.19		%				10.11		%				10.90		%				11.04		%				10.00		%				8.50		%
Effect to adjust for securities losses, net of tax				—		%				—		%				—		%				—		%				—		%				—		%				2.76		%
Effect to adjust for gain on sale leaseback, net of transaction costs and tax				—		%				—		%				—		%				—		%				—		%				—		%				(2.76)		%
Effect to adjust for PCL - Non-PCD loans and UFC, net of tax				—		%				—		%				—		%				—		%				—		%				—		%				1.11		%
Effect to adjust for merger, branch consolidation, severance related
and other expense, net of tax (8)				—		%				—		%				—		%				0.15		%				0.71		%				—		%				1.35		%
Effect to adjust for deferred tax remeasurement				—		%				—		%				—		%				—		%				—		%				—		%				0.09		%
Effect to adjust for FDIC special assessment, net of tax				—		%				—		%				—		%				(0.13)		%				—		%				—		%				—		%
Adjusted return on average common equity (non-GAAP)				9.70		%				10.19		%				10.11		%				10.92		%				11.75		%				10.00		%				11.05		%
Return on Average Common Tangible Equity (non-GAAP) (3)
Return on average common equity (GAAP)				9.70		%				10.19		%				10.11		%				10.90		%				11.04		%				10.00		%				8.50		%
Effect to adjust for intangible assets				6.90		%				7.43		%				7.48		%				8.20		%				8.58		%				7.26		%				7.30		%
Return on average tangible equity (non-GAAP)				16.60		%				17.62		%				17.59		%				19.10		%				19.62		%				17.26		%				15.80		%
Adjusted Return on Average Common Tangible Equity (non-GAAP) (2) (3)
Return on average common equity (GAAP)				9.70		%				10.19		%				10.11		%				10.90		%				11.04		%				10.00		%				8.50		%
Effect to adjust for securities losses, net of tax				—		%				—		%				—		%				—		%				—		%				—		%				2.76		%
Effect to adjust for gain on sale leaseback, net of transaction costs and tax				—		%				—		%				—		%				—		%				—		%				—		%				(2.76)		%
Effect to adjust for PCL - Non-PCD loans and UFC, net of tax				—		%				—		%				—		%				—		%				—		%				—		%				1.11		%
Effect to adjust for merger, branch consolidation, severance related
and other expense, net of tax (8)				—		%				—		%				—		%				0.15		%				0.71		%				—		%				1.35		%
Effect to adjust for deferred tax remeasurement				—		%				—		%				—		%				—		%				—		%				—		%				0.09		%
Effect to adjust for FDIC special assessment, net of tax				—		%				—		%				—		%				(0.13)		%				—		%				—		%				—		%
Effect to adjust for intangible assets, net of tax				6.90		%				7.43		%				7.48		%				8.22		%				9.06		%				7.26		%				9.05		%
Adjusted return on average common tangible equity (non-GAAP)				16.60		%				17.62		%				17.59		%				19.14		%				20.81		%				17.26		%				20.10		%
Adjusted Efficiency Ratio (non-GAAP) (4)
Efficiency ratio				51.61		%				50.00		%				51.05		%				49.65		%				49.88		%				50.89		%				54.35		%
Effect to adjust for securities losses				—		%				—		%				—		%				—		%				—		%				—		%				(5.01)		%
Effect to adjust for gain on sale leaseback, net of transaction costs				—		%				—		%				—		%				—		%				—		%				—		%				5.01		%
Effect to adjust for merger, branch consolidation, severance related
and other expense, net of tax (8)				—		%				—		%				—		%				(0.65)		%				(2.99)		%				—		%				(5.67)		%
Effect to adjust for FDIC special assessment				—		%				—		%				—		%				0.56		%				—		%				—		%				—		%
Adjusted efficiency ratio (non-GAAP)				51.61		%				50.00		%				51.05		%				49.56		%				46.89		%				50.89		%				48.68		%
Tangible Book Value Per Common Share (non-GAAP) (3)
Book value per common share (GAAP)		$		93.51				$		94.17				$		92.21				$		91.38				$		89.14
Effect to adjust for intangible assets				(35.32)						(35.45)						(35.31)						(35.11)						(34.66)
Tangible book value per common share (non-GAAP)		$		58.19				$		58.72				$		56.90				$		56.27				$		54.48
Tangible Equity-to-Tangible Assets (non-GAAP) (3)
Equity-to-assets (GAAP)				12.84		%				13.25		%				13.28		%				13.48		%				13.64		%
Effect to adjust for intangible assets				(4.44)		%				(4.55)		%				(4.64)		%				(4.72)		%				(4.83)		%
Tangible equity-to-tangible assets (non-GAAP)				8.40		%				8.70		%				8.64		%				8.76		%				8.81		%

 

Certain prior period information has been reclassified to conform to the current period presentation, and these reclassifications have no impact on net income or equity as previously reported.
Footnotes to tables:
(1)	Includes loan accretion (interest) income related to the discount on acquired loans of $26.6 million, $33.1 million, $38.8 million, $50.3 million, and $83.0 million during the quarters ended September 30, 2026, June 30, 2026, March 31, 2026, December 31, 2025, and September 30, 2025, respectively, and $98.5 million and $208.3 million during the nine months ended September 30, 2026 and 2025, respectively.
(2)	Adjusted earnings, adjusted return on average assets, adjusted EPS, and adjusted return on average equity are non-GAAP measures and exclude the gains or losses on sales of securities, gain on sale leaseback, net of transaction costs, PCL on non-PCD loans and unfunded commitments, deferred tax asset remeasurement, merger, branch consolidation, severance related and other expense, and FDIC special assessments.  Management believes that non-GAAP adjusted measures provide additional useful information that allows readers to evaluate the ongoing performance of the Company.  Non-GAAP measures should not be considered as an alternative to any measure of performance or financial condition as promulgated under GAAP, and investors should consider the Company's performance and financial condition as reported under GAAP and all other relevant information when assessing the performance or financial condition of the Company.  Non-GAAP measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the Company's results or financial condition as reported under GAAP.  Adjusted earnings and the related adjusted return measures (non-GAAP) exclude the following from net income (GAAP) on an after-tax basis: (a) pre-tax merger, branch consolidation, severance related and other expense of $4.5 million and $20.9 million for the quarters ended December 31, 2025 and September 30, 2025, respectively, and $113.3 million during the nine months ended September 30, 2025; (b) pre-tax net securities losses of $(228.8) million for the nine months ended September 30, 2025; (c) pre-tax gain on sale leaseback, net of transaction costs of $229.3 million for the nine months ended September 30, 2025; (d) pre-tax PCL on non-PCD loans and unfunded commitments of $92.1 million for the nine months ended September 30, 2025; (e) pre-tax FDIC special assessment of $(3.8) million for the quarter ended December 31, 2025; and (f) deferred tax asset remeasurement of $5.6 million for the nine months ended September 30, 2025.
(3)	The tangible measures are non-GAAP measures and exclude the effect of period end or average balance of intangible assets.  The tangible returns on equity and common equity measures also add back the after-tax amortization of intangibles to GAAP basis net income.  Management believes that these non-GAAP tangible measures provide additional useful information, particularly since these measures are widely used by industry analysts for companies with prior merger and acquisition activities.  Non-GAAP measures should not be considered as an alternative to any measure of performance or financial condition as promulgated under GAAP, and investors should consider the Company's performance and financial condition as reported under GAAP and all other relevant information when assessing the performance or financial condition of the Company.  Non-GAAP measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the Company's results or financial condition as reported under GAAP. The sections titled "Reconciliation of GAAP to Non-GAAP" provide tables that reconcile GAAP measures to non-GAAP.
(4)	Adjusted efficiency ratio is calculated by taking the noninterest expense excluding transaction costs on merger, branch consolidation, severance related and other expenses, FDIC special assessment, and amortization of intangible assets, divided by net interest income and noninterest income excluding gains (losses) on sales of securities, net, and gain on sale leaseback, net of transaction costs.  The pre-tax amortization expenses of intangible assets were $20.6 million, $21.0 million, $21.3 million, $23.4 million, and $23.4 million for the quarters ended September 30, 2026, June 30, 2026, March 31, 2026, December 31, 2025, and September 30, 2025, respectively, and $63.0 million and $71.3 million for the nine months ended September 30, 2026 and 2025, respectively.
(5)	The dividend payout ratio is calculated by dividing total dividends paid during the period by the total net income for the same period.
(6)	September 30, 2026 ratios are estimated and may be subject to change pending the final filing of the FR Y-9C; all other periods are presented as filed.
(7)	Loan data excludes loans held for sale.
(8)	Includes pre-tax cyber incident net reimbursement of $(3.5) million for the nine months ended September 30, 2025.

Cautionary Statement Regarding Forward Looking Statements

Statements included in this communication contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of management of SouthState Bank Corporation ("SouthState") and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward looking statements.

Factors that could cause SouthState's actual results to differ materially from those described in the forward looking statements are discussed in SouthState's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission and available on SouthState's website (https://southstatecorporation.q4ir.com/SEC-Filings/Documents/default.aspx), and on the Securities and Exchange Commission's website (www.sec.gov). SouthState undertakes no obligation to update any forward looking statements.

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SOURCE SouthState Bank Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were SouthState's third-quarter 2026 earnings?

SouthState reported $223.798 million in net income and diluted earnings per share of $2.30. Net income was $230.022 million in the preceding quarter and $246.641 million in the third quarter of 2025.

When will SouthState pay its quarterly dividend?

SouthState will pay its $0.66-per-share quarterly cash dividend on November 13, 2026, to shareholders of record as of November 6, 2026.

Why did SouthState's expenses increase in the third quarter of 2026?

The sequential expense increase primarily reflected higher salaries and employee benefits. Compensation costs reflected July 1 merit increases, revenue-producer hiring, higher incentive accruals and a reduction in deferred loan costs compared with the prior quarter.

What capital ratios did SouthState report for the third quarter of 2026?

SouthState reported preliminary ratios of 8.4% tangible common equity, 13.5% total risk-based capital, 9.4% Tier 1 leverage and 11.1% Tier 1 common equity.

What profitability ratios did SouthState report for the third quarter of 2026?

SouthState reported a 9.7% return on average common equity and an annualized 1.29% return on average assets. Annualized return on average tangible common equity, a non-GAAP measure, was 16.6%. The efficiency ratio was 52%.