SouthState Issues 2025 Corporate Stewardship Report

Rhea-AI Summary

SouthState Bank (NYSE: SSB) has released its fifth Corporate Stewardship Report, showcasing significant achievements in community engagement and sustainability for 2024. The bank made substantial financial commitments, including $5.75 billion in CRA-eligible loans and $7.1 million in grants to 2,393 organizations.

Key highlights include $401 million in community development loans, $54.7 million for economic development and affordable housing, and $670 million in affordable lending mortgage programs. Employee engagement saw a 24% increase in volunteer hours, reaching 19,047 hours across 1,028 organizations.

The bank maintains workforce diversity with 14.78% Black/African American and 7.78% Hispanic/Latino representation. Environmental initiatives through digital solutions resulted in saving 1.28 million gallons of water and 1.08 million pounds of CO2 emissions, with 58% of accounts using eStatements.

Positive

• Significant community investment with $5.75 billion in CRA-eligible loans
• Strong commitment to affordable housing with $670 million in mortgage programs
• Substantial community development funding of $401 million
• 24% increase in employee volunteer engagement
• Digital transformation leading to measurable environmental impact

Negative

• None.

WINTER HAVEN, Fla., April 9, 2025 /PRNewswire/ -- SouthState Bank has released its fifth Corporate Stewardship Report, highlighting the bank's commitment to its communities, colleagues, corporate stewardship and the environment.

"At SouthState, we believe in serving our customers and teammates with integrity while being accountable to our shareholders and investors. We focus on meaningful and lasting relationships with community-based and nonprofit organizations to help us serve our communities," said LeDon Jones, director of Corporate Stewardship. "In 2024, we had record numbers of team member volunteer hours, which demonstrates our passion and dedication to serving our neighbors and the cities where we live and work."

Highlights of the 2025 CS report include:

Commitment to Community:

• Made $5.75 billion in CRA-eligible loans.
• Recorded a 24 percent increase in employee volunteer hours, totaling 19,047 hours with 1,028 different organizations.
• Awarded 2,393 organizations grants and contributions, totaling $7.1 million.
• Extended $401 million in community development loans.
• Invested $54.7 million to foster economic development and affordable housing projects.
•  Provided $670 million in affordable lending mortgage loan programs.

Commitment to Colleagues:

• Provided $242,000 in financial assistance to 166 team members through The Sunshine Fund, a 501(c)(3) organization funded by bank and employee contributions, to assist employees with unexpected financial hardships.
• Continued the ReMARKable Leader program, an immersive 9-month program designed to cultivate internal high-potential leaders to take the next step in their career development. To date, 61 of our team members have graduated from the program, and they continue to contribute in new and unique ways to our Company.

Commitment to Corporate Stewardship:

• Maintained a tenured and diverse board of directors. Fifty percent of the Board has CEO-level experience, and 33 percent have senior executive experience at financial institutions.
• Maintained a diverse workforce that reflects the communities in which we operate, with 14.78 percent Black or African American and 7.78 percent Hispanic/Latino team members.
• Continued an "Infoship" program, a virtual program that exposes college students to diverse careers in banking, facilitated by SouthState senior leaders.

Commitment to Environmental Resourcefulness:

• Ongoing investment in technology that enables customers and team members to access digital solutions for their needs. With 58 percent of accounts receiving eStatements, the bank's reduced environmental impact includes the following highlights:
  • 1.28 million gallons of water saved
  • 1.08 million pounds of CO₂ emissions saved
  • 70,000 pounds of solid waste reduction
  • 22.3 acres of forest saved

SouthState's Corporate Stewardship Report and more information are available on the bank's Corporate Stewardship page.

SouthState Corporation (NYSE: SSB) 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 1.5 million customers throughout Florida, Texas, the Carolinas, Georgia, Colorado, Alabama, and Virginia. The bank also serves clients nationwide through its correspondent banking division. Additional information is available at SouthStateBank.com.

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SOURCE SouthState Bank N.A.

FAQ

How much did SouthState Bank (SSB) invest in CRA-eligible loans in 2024?

SouthState Bank invested $5.75 billion in CRA-eligible loans during 2024.

What was the total amount of community grants distributed by SouthState Bank (SSB) in 2024?

SouthState Bank awarded $7.1 million in grants and contributions to 2,393 organizations.

How many employee volunteer hours did SouthState Bank (SSB) record in 2024?

SouthState Bank recorded 19,047 volunteer hours, a 24% increase from the previous year.

What environmental impact did SouthState Bank's (SSB) digital initiatives achieve?

The bank saved 1.28 million gallons of water, 1.08 million pounds of CO2 emissions, and 22.3 acres of forest through digital initiatives.

How much did SouthState Bank (SSB) invest in affordable housing and economic development?

SouthState Bank invested $54.7 million in economic development and affordable housing projects.