SouthState Bank Corporation delivered much stronger results for the quarter ended March 31, 2026. Net income rose to $225.8 million from $89.1 million a year earlier, and diluted earnings per share increased to $2.28 from $0.87. Net interest income improved to $561.6 million, supported by lower interest expense and steady loan yields, while the provision for credit losses dropped sharply to $10.8 million from $100.6 million, reflecting a more favorable credit outlook.
Total assets reached $68.0 billion as of March 31, 2026, up from $67.2 billion at year-end 2025, driven mainly by loan growth to $49.5 billion. Deposits increased to $55.9 billion, with a mix of noninterest-bearing and interest-bearing balances. Noninterest income was $100.1 million, up from $86.1 million, helped by higher mortgage banking and capital markets fees, while noninterest expenses fell to $359.5 million, partly due to the absence of prior-year merger and restructuring costs. Shareholders’ equity was $9.0 billion, as higher retained earnings were offset by dividends, share repurchases, and a larger accumulated other comprehensive loss from securities valuation changes.
SouthState Bank Corp director David R. Brooks filed an amended Form 4 correcting the characterization of recent stock sales. The filing states that two open-market sales of Common Stock on April 28, 2026 were not made under a Rule 10b5-1 trading plan, reversing the earlier disclosure.
The transactions involved indirect holdings through family trusts: the Ryan Brooks Trust sold 5,300 shares at $98.39 per share, and the Reece Brooks Trust sold 9,000 shares at the same price. After these trades, the Ryan Brooks Trust held 12,700 shares and the Reece Brooks Trust held 21,000 shares, all reported as indirect ownership for Brooks.
SouthState Bank Corp reported a Schedule 13G ownership filing by Vanguard Capital Management showing 5,164,709 shares of Common Stock, equal to 5.26% of the class. The filing states Vanguard has sole power to dispose of 5,164,709 shares and sole voting power over 761,037 shares. The filing lists Vanguard's business address in Malvern, PA.
SouthState Bank Corp director David R. Brooks reported indirect open-market sales of a total of 14,300 shares of Common Stock at $98.39 per share. The sales were executed by the Ryan Brooks Trust (5,300 shares, leaving 12,700) and the Reece Brooks Trust (9,000 shares, leaving 21,000) under an existing 10b5 plan, indicating the transactions were pre-planned rather than discretionary.
SouthState Bank Corp ownership disclosure: Vanguard Portfolio Management reports beneficial ownership of 6,224,860 shares of Common Stock, representing 6.34% of the class as of 03/31/2026. The filing states these shares are held on behalf of Vanguard funds and managed accounts, with dispositive power exercised by Vanguard Portfolio Management and voting power shared among affiliates.
SouthState Bank Corporation reported unaudited results for the three months ended March 31, 2026 and declared its regular dividend. Net income was $225,820 (thousands), with diluted earnings per share of $2.28 and a return on average assets of 1.37%.
Return on average tangible common equity reached 17.59%, and the tax-equivalent net interest margin was 3.79%. Total assets were $67,979,223 (thousands), loans were $49,496,783 (thousands), and deposits were $55,875,663 (thousands) at period end. Asset quality metrics included annualized net charge-offs of 0.09% of average loans and nonperforming assets at 0.48% of total assets.
The Board declared a quarterly cash dividend of $0.60 per share, payable on May 15, 2026 to shareholders of record on May 8, 2026. SouthState will host a conference call on April 24, 2026 to discuss first quarter 2026 results.
SouthState Bank Corporation reported the results of its annual shareholder meeting held on April 15, 2026. A total of 98,267,342 common shares were entitled to vote as of the record date, and 89,112,621 shares were represented in person or by proxy.
Shareholders elected 14 incumbent directors to serve until the 2027 annual meeting, with each nominee receiving roughly 78–80 million votes for and 8,698,131 broker non-votes. No alternative nominees were presented.
Investors also approved, on a non-binding advisory basis, the compensation of the Company’s named executive officers, with 76,476,826 votes for and 3,844,185 against. In addition, shareholders ratified, in an advisory, non-binding vote, the appointment of Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 88,261,917 votes for and 785,208 against.
Dimensional Fund Advisors reports beneficial ownership of 4,934,851 shares (5.0%) of SouthState Bank Corp Common Stock. The filing states Dimensional's role as investment adviser to multiple funds that own these shares, notes sole voting power of 4,847,485 shares and sole dispositive power of 4,934,851 shares, and explicitly disclaims beneficial ownership while attributing the securities to the Funds.
SouthState Bank Corporation disclosed plans to release its first quarter 2026 earnings results on Thursday, April 23, 2026, after the market closes. The results will be available on the company’s website under the Investor Relations section.
The company will host a conference call on Friday, April 24, 2026 at 9:00 a.m. ET, led by CFO Will Matthews, for investors to hear management discuss the quarter. Participants can join by phone, through a webcast on the company’s website, or via an audio replay expected to be available the evening of April 24, 2026.