SouthState Corporation Sees Strong Growth in Q2 2025 Earnings and Dividend Increase

SouthState Corporation's Q2 2025 Performance Overview

SouthState Corporation, trading under NYSE: SSB, revealed its unaudited operational results for the second quarter and six-month period ending June 30, 2025. The company reported robust growth, showcasing an annualized revenue increase of 22% alongside a remarkable 57% growth in loan originations, moving from the previous quarter.

Key Highlights

John C. Corbett, the CEO of SouthState, stated, "Growth accelerated in the second quarter," emphasizing the effective and strategic actions undertaken by the company, particularly the successful conversion of the IBTX franchise. This has fostered excitement within their teams in diverse locations like Texas and Colorado, as they look forward to a promising future. His remarks highlight how strategic initiatives are yielding strong returns, enabling a higher cash dividend increase of 11% from $0.54 to $0.60 per share, benefiting all shareholders.

Financial Results

The reported diluted Earnings per Share (EPS) stands at $2.11 with Adjusted Diluted EPS (non-GAAP) climbing to $2.30. Net income recorded was $215.2 million, with an adjusted net income of $233.8 million. This resulted in return ratios, showing a return on average common equity of 9.9%, and an adjusted return on average tangible common equity of 19.6%.

- Return on Average Assets (ROAA): 1.34%
- Book Value Per Share: $86.71

Portfolio Management

In terms of performance, SouthState reported a net interest income amounting to $578 million. The net interest margin was recorded at 4.02%. The loans portfolio witnessed an increase of $501 million, attributing to a rise of 4% while deposits surged by $359 million, resulting in a loan-to-deposit ratio concluding at 88%.

The company maintained strength in its capital position, exemplified by solid ratios in Tangible Common Equity and total Risk-Based Capital at 8.5% and 14.5%, respectively. Such numbers reflect a healthy and stable financial backdrop against which SouthState operates.

Looking Ahead

As per the company's plans, they intend to reward their shareholders with the next cash dividend, payable on August 15, 2025. The company remains focused on emerging opportunities for organic growth while rebuilding momentum following their recent acquisition undertakings.

Conclusion

SouthState Corporation's second quarter performance not only showcases impressive growth metrics but also signifies a well-strategized approach towards maintaining a healthy dividend payout for shareholders. Their strategic direction led them to not only create robust revenue but also display operational excellence that promises strong prospects in upcoming quarters.