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SouthState Bank Corporation Reports Solid Third Quarter Financial Results

On October 21, 2026, SouthState Bank Corporation (NYSE: SSB), recognized for its financial services excellence, released its unaudited financial performance for the third quarter and nine months ended September 30, 2026. The bank has shown notable growth in loans and deposits, each rising at a remarkable annualized rate of 9%.

Key Highlights

The CEO, John C. Corbett, expressed satisfaction with the bank's performance, citing a strong balance sheet advancement and stable net interest margins. The company's performance metrics revealed:

• - Diluted Earnings per Share (EPS) for this quarter were recorded at $2.30.
• - Net Income was reported at $224 million.
• - The Return on Average Common Equity was 9.7%, with a Return on Average Tangible Common Equity of 16.6%.
• - Return on Average Assets (ROAA) was noted at 1.29%.
• - Book Value per Share sits at $93.51.
• - Tangible Book Value rose by 7% year-over-year, reflecting effective shareholder management with a 10% increase in dividends and a 5% share repurchase program during the last year.

Financial Performance Overview

The third-quarter results also highlighted crucial operational figures:

• - Net Interest Income reached $592 million, marking a $16 million increase from the previous quarter.
• - Noninterest Income accounted for $94 million, slightly down from $97 million in the preceding quarter.
• - Noninterest Expenses escalated to $375 million, largely due to increased salaries and employee benefits, consistent with prior plans to enhance talent acquisition.
• - The bank's Net Interest Margin (NIM), on a non-tax equivalent basis, was recorded at 3.77%. Furthermore, net charge-offs were controlled at $12 million, equivalent to 0.09% of average loans.

Solid Balance Sheet Performance

Regarding assets and liabilities, SouthState showcased robust balance sheet dynamics:

• - Loans surged by $1.2 billion quarter-over-quarter, reaching $52.1 billion in total.
• - Deposits also experienced a significant uptick, increasing by $1.3 billion, bringing the total to approximately $57.6 billion.
• - The ending loan-to-deposit ratio was recorded at 90%, ensuring liquidity and capital efficiency.
• - SouthState repurchased around 250,000 shares throughout the quarter at a weighted average price of $104.45.

Future Outlook and Dividend Announcement

The Board of Directors made a notable announcement concerning shareholder returns, declaring a quarterly cash dividend of $0.66 per share, payable on November 13, 2026. This dividend reflects SouthState's commitment to delivering consistent returns to its investors.

As SouthState Bank continues to navigate evolving market trends, the focus on growth across its diverse geographical operating segments remains a priority, further solidifying its position in the financial services industry. For stakeholders eager to learn more, the company will host a conference call on October 22, 2026, to delve deeper into these results.

In conclusion, SouthState Bank Corporation has demonstrated resilience and growth strategies that align with current economic conditions, effectively serving over 1.8 million customers across multiple states while keeping a keen focus on profitability and shareholder value.