SSB

Regional banking company SouthState (NYSE:SSB) met Wall Street’s revenue expectations in Q2 CY2026, with sales up 1.2% year on year to $672.7 million. Its non-GAAP profit of $2.35 per share was 2.4% above analysts’ consensus estimates. Is now the time to buy SSB? Find out in our full research report (it’s free). Revenue: $672.7 million vs analyst estimates of $674.1 million (1.2% year-on-year growth, in line) Adjusted EPS: $2.35 vs analyst estimates of $2.29 (2.4% beat) Market Capitalization: $9.82 billion SouthState’s second quarter results were well received by the market, reflecting robust loan and deposit growth alongside stable margins. Management attributed the positive outcome to successful talent recruitment, disciplined capital allocation, and improvements in credit quality. CEO John Corbett emphasized, “Our division presidents have successfully expanded our commercial banking sales force by more than 10% in just the last three quarters, and we continue to be impressed by both the quality and diversity of talent joining the franchise.” The company also highlighted that non-performing assets declined by 14%, underscoring its focus on sound underwriting practices. Looking ahead, SouthState’s management expects continued momentum in loan and deposit growth, supported by ongoing investments in technology and talent. The company is prioritizing the expansion of its floating-rate loan portfolio and gradual enhancements in non-interest income streams. CFO Steve Young noted, “We see the growth that John talked about continuing on in that mid to upper single digit range…with a stable NIM.” Management is also preparing for moderate increases in deposit costs and is focused on maintaining strong capital levels while deploying artificial intelligence across business functions to improve operational efficiency. Management cited broad-based loan growth, stable deposit costs, and technology adoption as key drivers of second quarter performance. Investments in talent and selective capital returns also contributed. Commercial banking expansion: SouthState expanded its commercial banking sales force by over 10% in the past three quarters, with new hires contributing $600 million in loan production and a $1.5 billion pipeline, especially in Texas and the Southeast. Loan and deposit growth: Loans grew 8% year over year, and deposits rose 5%, with growth spread across core markets like Florida, Texas, and South Carolina. Management noted that this growth was achieved without compromising credit standards. Stable margins amid growth: Net interest margin was maintained within guidance at 3.78%, despite strong balance sheet expansion. Deposit costs remained unchanged, and management expects modest increases ahead as growth continues. Artificial intelligence adoption: The company reported productivity gains from its internally developed small language model, which is being used in credit operations, fraud management, and call center support. Management views AI as a key long-term efficiency lever. Disciplined capital allocation: SouthState repurchased approximately 5% of shares outstanding over the past year, increased its dividend, and kept its CET1 capital ratio above 11%, balancing capital returns with continued investment in growth. SouthState’s outlook is shaped by ongoing loan and deposit growth, strategic investments in technology, and careful capital management. Continued talent-driven growth: Management expects the recently expanded commercial banking team to sustain mid- to upper-single digit loan growth, with new hires in Texas and the Southeast playing a central role. CEO John Corbett pointed to strong pipelines, especially in commercial and industrial lending, as a foundation for future balance sheet expansion. Margin and cost discipline: The company aims to maintain net interest margin within the 3.75-3.80% range, anticipating gradual increases in deposit costs but offsetting these through ongoing loan repricing and a higher proportion of floating-rate loans. CFO Steve Young noted that stable margins are expected if rates remain flat. Technology and efficiency gains: Investments in artificial intelligence and digital tools are expected to drive operational efficiency across core functions like credit, fraud, and customer service. Management believes these initiatives will support both expense control and non-interest income growth over the next several years. Looking ahead, several key factors could shape SouthState’s performance in the upcoming quarters. First, investors will closely watch whether the expanded commercial banking team continues to drive strong loan growth, particularly in core and expansion markets. Second, the evolution of deposit mix and costs will be important as the competitive environment remains intense and seasonality impacts flows. Third, management’s ongoing deployment of artificial intelligence and other digital tools will be monitored for measurable efficiency gains and impact on non-interest income. Finally, the progress and timing of new correspondent banking products, as well as the sustainability of net interest margins amid shifting rate and funding dynamics, will be critical catalysts for SouthState’s results and investor sentiment. 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SouthState’s second quarter results were well received by the market, reflecting robust loan and deposit growth alongside stable margins. Management attributed the positive outcome to successful talent recruitment, disciplined capital allocation, and improvements in credit quality. CEO John Corbett emphasized, “Our division presidents have successfully expanded our commercial banking sales force by more than 10% in just the last three quarters, and we continue to be impressed by both the quality and diversity of talent joining the franchise.” The company also highlighted that non-performing assets declined by 14%, underscoring its focus on sound underwriting practices. Is now the time to buy SSB? Find out in our full research report (it’s free). Revenue: $672.7 million vs analyst estimates of $674.1 million (1.2% year-on-year growth, in line) Adjusted EPS: $2.35 vs analyst estimates of $2.29 (2.4% beat) Market Capitalization: $10.25 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Stephen Scouten (Piper Sandler) asked about future net interest margin trends given loan growth, and CFO Steve Young explained that stable guidance assumed mid- to upper-single digit growth and flat rates, with a focus on optimizing risk-adjusted returns. John McDonald (Truist Securities) questioned deposit mix dynamics and seasonality, to which Young replied that non-interest-bearing deposits grew 5% and the underlying growth in treasury management accounts remained strong. Hannah Wynn (KBW) inquired about expense trends with increased hiring, and CFO Will Matthews responded that deferred origination costs from loan production help offset compensation expenses, supporting guidance for 4% expense growth. Gary Tenner (D.A. Davidson) asked about construction loan growth and allowance trends. CEO Corbett clarified that construction loans are down year over year, with planned payoffs expected in the second half, while Matthews described a cautious approach to reserve levels. Anthony Elian (JPMorgan) probed competitive pressures on deposit rates and correspondent banking initiatives; Young reported that new money market and CD rates had stabilized and that new correspondent banking product launches are being tested for a 2027 rollout. Looking ahead, several key factors could shape SouthState’s performance in the upcoming quarters. First, investors will closely watch whether the expanded commercial banking team continues to drive strong loan growth, particularly in core and expansion markets. Second, the evolution of deposit mix and costs will be important as the competitive environment remains intense and seasonality impacts flows. Third, management’s ongoing deployment of artificial intelligence and other digital tools will be monitored for measurable efficiency gains and impact on non-interest income. Finally, the progress and timing of new correspondent banking products, as well as the sustainability of net interest margins amid shifting rate and funding dynamics, will be critical catalysts for SouthState’s results and investor sentiment. SouthState currently trades at $105.71, up from $101.25 just before the earnings. In the wake of this quarter, is it a buy or sell? The answer lies in our full research report (it’s free for active Edge members). ALSO WORTH WATCHING: Top 5 Momentum Stocks. The best time to own a great stock is when the market is finally noticing it. These aren’t just high-quality businesses. Something is happening with them right now. Elite fundamentals meet near-term momentum — both boxes checked at the same time. Find out which stocks our AI platform is flagging this week. See this week’s Strong Momentum stocks — FREE. Get Our Strong Momentum Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+1,154% between June 2020 and June 2025). Find your next big winner with StockStory today.

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. SouthState Bank has delivered a solid 74.5% return over the past five years, yet its current share price of US$106.00 still screens as cheap against both intrinsic value estimates and market multiples. This raises the question of whether the stock is pricing in enough of that progress. Over five years, SouthState Bank shares have returned 74.5%, which puts the current valuation in the context of a steady, medium term gain rather than a short term spike. For valuation, a key support can be the bank's ability to convert earnings into cash and maintain a sound balance sheet, while a key risk is that future credit costs or weaker loan demand could dampen those cash flows. The stock scores highly on the broader checks, with a valuation profile that flags it as undervalued in 5 of 6 tests, and the Excess Returns intrinsic value estimate also points to a discount. The issue now is whether SouthState Bank's current discount to intrinsic value and market multiples offers enough margin of safety after that multi year run. Find out why SouthState Bank's 10.4% return over the last year is lagging behind its peers. The Excess Returns model evaluates how effectively SouthState Bank turns its equity base into profits above its cost of capital. For this stock, the framework is built around a Book Value of $94.17 per share and a Stable Book Value of $107.02 per share, with an Average Return on Equity of 10.20%. Against a Cost of Equity of $7.61 per share, the model estimates an Excess Return of $3.31 per share, supported by a Stable EPS of $10.91 per share, based on analyst forecasts. When those excess returns are projected forward, the Excess Returns model points to an intrinsic value of about $199.66 per share. Compared with the current share price of $106.00, SouthState Bank appears materially undervalued, with the model implying a 46.9% discount to intrinsic value. On these Excess Returns assumptions, SouthState Bank stock appears undervalued relative to its estimated intrinsic worth. Our Excess Returns analysis suggests SouthState Bank is undervalued by 46.9%. Track this in your watchlist or portfolio, or discover 49 more high quality undervalued stocks. Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for SouthState Bank. P/E is a useful way to look at SouthState Bank because earnings remain a central driver of how investors typically value bank stocks. On this measure, SouthState Bank trades at about 10.8x earnings, which sits below both the Banks industry average of roughly 12.0x and the peer group average of about 12.4x. The tailored Fair P/E Ratio for SouthState Bank is estimated at 12.7x, taking into account factors such as its profitability profile, size and sector risks. Compared with the current 10.8x P/E, that suggests the stock trades at a discount to where it might be expected to sit if it were priced in line with those characteristics, and indicates the market is applying a more cautious multiple than the Fair Ratio. On the P/E multiple alone, SouthState Bank stock appears undervalued relative to both its industry and its modelled fair ratio. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives for SouthState Bank pick up where this valuation puzzle leaves off, explaining which potential paths for SouthState Bank's growth, margins and earnings would need to occur for the stock to be worth materially more or less than its current price. Each narrative treats fair value as a thesis about the business that can be revisited over time, rather than a single static number, and all are hosted on Simply Wall St's Community page. If you have a clear, number driven view on where SouthState Bank's growth, margins and execution go from here, share a Narrative in the Simply Wall St community and put your thesis on record. It is a chance to add your voice, set out a valuation case on SouthState Bank and see how it stacks up as fresh results and market reactions come through. Do you think there's more to the story for SouthState Bank? Head over to our Community to see what others are saying! For SouthState Bank, both the Excess Returns intrinsic value estimate and the P/E comparison point in the same direction, with the stock screening as undervalued against its modelled worth and against peers. The broader checks are also supportive, so the key question is whether the current discount reflects genuine caution on future credit costs and loan growth or simply a slower adjustment in sentiment. From here, the crux of the bull versus bear debate is whether those risks remain contained enough for the market to eventually close some of that gap to intrinsic value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include SSB. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

SouthState Corporation SSB reported second-quarter 2026 earnings per share of $2.35, which surpassed the Zacks Consensus Estimate of $2.33. Also, the bottom line increased 11% from the prior-year quarter. Results were supported by growth in non-interest income, along with higher loans and deposit balances. Lower expenses and an improvement in asset quality were other positives. However, a decline in net interest income (NII) and net interest margin (NIM), along with higher provisions, acted as headwinds. Net income (GAAP basis) was $230 million, up 6.9% from $215.2 million in the year-ago quarter. Total revenues for the quarter were $672.7 million, representing a 1.2% year-over-year decline. Also, the top line missed the Zacks Consensus Estimate of $677.2 million. NII was $575.9 million, down marginally from the year-ago quarter. NIM declined to 3.78% from 4.02% in the prior-year quarter. Non-interest income was $96.7 million, up 11.4% from the prior-year quarter. The increase was mainly driven by higher fees on deposit accounts, correspondent banking and capital markets income, trust and investment services income, and bank-owned life insurance income. This was partly offset by lower mortgage banking income and other income. Non-interest expenses declined 4.6% to $357.7 million. The decrease was mainly due to the absence of merger, branch consolidation, severance-related and other expenses, along with lower information services expenses, OREO and loan-related expenses, the amortization of intangibles, and FDIC assessment and other regulatory charges. This was partly offset by higher salaries and employee benefits, occupancy expenses, business development and staff-related expenses, and other operating expenses. The efficiency ratio decreased to 50% from 52.75% in the year-ago quarter. A decline in the efficiency ratio indicates a rise in profitability. As of June 30, 2026, net loans were $50.3 billion, up 2.8% from the prior quarter. Total deposits were $56.3 billion, which rose 0.8% sequentially. In the reported quarter, the company recorded a provision for credit losses of $15.9 million, up from $7.5 million in the prior-year quarter. Allowance for credit losses as a percentage of loans was 1.15%, down 16 basis points year over year. The ratio of annualized net charge-offs to total average loans was 0.06%, down from 0.21% in the year-ago quarter. Non-performing loans to total loans were 0.54%, down from 0.63% in the previous-year quarter. Total non-performing assets declined to $287.4 million from $323.8 million in the year-ago quarter. As of June 30, 2026, the Tier I leverage ratio was 9.4%, up from 9.2% in the year-ago quarter. The Tier 1 common equity ratio decreased to 11.1% from the prior-year quarter’s 11.2%. At the end of the second quarter, the annualized return on average assets was 1.36%, up from the year-ago period’s 1.34%. Return on average common equity was 10.19% compared with 9.93% in the prior-year quarter. The company increased its quarterly cash dividend on its common stock from 60 cents per share to 66 cents. The dividend is payable Aug. 14, 2026, to shareholders of record as of Aug. 7, 2026 SouthState’s growth in non-interest income, along with higher loan and deposit balances, is expected to support its financial performance. Lower expenses and improving asset quality trends are additional positives. However, pressure on NII and NIM, along with higher provisions, remains concerning. SouthState Bank Corporation price-consensus-eps-surprise-chart | SouthState Bank Corporation Quote Currently, SSB carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Commerce Bancshares Inc.’s CBSH second-quarter 2026 earnings of $1.10 per share surpassed the Zacks Consensus Estimate of $1.04. The bottom line reflected a rise of 1% from the prior-year quarter. CBSH’s results primarily benefited from higher NII and a rise in non-interest income. The sequential rise in loan balances acted as a tailwind. However, higher expenses and provisions hurt CBSH’s results to some extent. F.N.B. Corporation FNB reported second-quarter 2026 earnings of 42 cents per share, which matched the Zacks Consensus Estimate. The bottom line jumped 16.7% year over year. FNB’s results primarily benefited from higher NII, a rise in non-interest income and lower provisions. Higher average loans and deposits were other positives. However, higher non-interest expenses hurt the results to some extent. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SouthState Bank Corporation (SSB) : Free Stock Analysis Report Commerce Bancshares, Inc. (CBSH) : Free Stock Analysis Report F.N.B. Corporation (FNB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. Release Date: July 24, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. SouthState Bank Corp (NYSE:SSB) delivered a strong quarter with a return on assets of 1.36% and a return on tangible common equity of 17.6%. The company experienced solid balance sheet growth, with loans growing 8% and deposits growing 5% over the last year. Asset quality improved with non-performing assets declining by 14% and net charge-offs remaining low at six basis points. SouthState Bank Corp (NYSE:SSB) successfully expanded its commercial banking sales force by more than 10% in the last three quarters. The company is making significant progress in building artificial intelligence capabilities, leading to productivity gains in areas such as credit operations and fraud management. Net interest margin decreased slightly by a basis point from the previous quarter. Loan yields were down by 5 basis points from Q1, and accretion income decreased by $6 million. Non-interest income was $3 million below the previous quarter's levels due to lower mortgage revenue. The company anticipates a slight increase in deposit costs over the rest of the year. Share repurchase activity slowed during the second quarter, and the company expects to maintain a 40% to 60% capital return framework. Warning! GuruFocus has detected 3 Warning Sign with SSB. Is SSB fairly valued? Test your thesis with our free DCF calculator. Q: Can you provide insights on the net interest margin (NIM) trends moving forward, especially with the current loan growth pace and deposit costs? A: Steve Young, CFO: Our net interest margin this quarter was $378 million, in line with our guidance. Deposit costs were flat at $176 million. Going forward, we expect stable NIM, continuing in the 375 to 380 range, assuming no rate cuts or hikes. The growth in interest-earning assets is expected to continue, with a stable NIM outlook if rates remain flat through 2027. Q: How do you balance growth and net interest income (NII) with NIM, given your focus on meaningful balance sheet growth in 2026? A: John Corbett, CEO: We are expanding our team and have successfully recruited new hires contributing significantly to loan production. Our focus is on risk-adjusted returns on capital, and we are making trade-offs that make sense from a capital management standpoint. We prioritize long-term growth and shareholder value over short-term NIM compression. Q: What is your outlook on deposit growth and costs for the remainder of the year? A: Steve Young, CFO: We expect deposit growth to be in the mid to upper single-digits, with some seasonality affecting the second and third quarters. Deposit costs may rise slightly as we continue to grow loans, but they should remain within our guidance. We are seeing good underlying deposit activity, particularly in treasury management accounts. Q: Can you elaborate on the sustainability of loan growth and where it is coming from? A: John Corbett, CEO: We have guided to mid to high single-digit loan growth, and we are on track with 9% annualized growth this year. Growth is broad-based across all markets, with significant contributions from Florida, Texas, and South Carolina. We expect a shift in the second half of the year with more C&I growth and planned CRE payoffs. Q: How are you managing expenses with your hiring initiatives, and what is your outlook for the rest of the year? A: Will Matthews, CFO: We have been successful in recruiting, and while it's a competitive market, our value proposition helps. Expenses have been offset by deferred loan origination costs due to increased production. We expect good production in the back half of the year, with merit increases kicking in, and we are maintaining our 4% year-over-year expense growth guidance. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Interested in SouthState Bank Corporation? Here are five stocks we like better. SouthState Bank posted solid Q2 2026 results with a 1.36% return on assets, 17.6% return on tangible common equity, and continued balance-sheet growth. Loans rose 8% over the past year and deposits increased 5%, while quarterly loan growth ran at an 11% annualized pace. Net interest margin and credit quality remained strong, with margin at 3.78% and credit metrics improving as nonperforming assets fell 14% and net charge-offs stayed low at 6 basis points. Management said the margin should stay within its 3.75% to 3.80% target range, helped by repricing opportunities. The bank continued returning capital and investing for growth, repurchasing 1 million shares in the quarter while keeping CET1 at 11.1% and expanding use of AI across credit, fraud, and customer-service operations. SouthState also grew its commercial banking sales force, which has already generated $600 million in loan production and supports a stronger loan pipeline. SouthState Bank (NYSE:SSB) reported second-quarter 2026 results marked by continued loan growth, stable net interest margin, low credit losses and ongoing investment in banker recruiting and artificial intelligence initiatives. Chief Executive Officer John Corbett said the company generated a 1.36% return on assets and a 17.6% return on tangible common equity during the quarter. He said results reflected “solid balance sheet growth, stable margins, improving efficiency, and continued strength in credit quality.” → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Over the past year, loans increased 8% and deposits rose 5%, both within the company’s previously issued guidance ranges. During the second quarter, loan growth totaled $1.35 billion, representing an 11% annualized rate. Average loan growth also ran at an 11% annualized pace. Corbett said growth was broad-based across SouthState’s footprint, with Florida leading the company in loan-growth dollars. Florida, Texas and South Carolina were the largest contributors by dollar amount, while Atlanta, Virginia and Alabama posted strong percentage growth, including commercial and industrial lending gains in Atlanta. → GE Vernova Just Sent a Mixed AI Signal to Investors SouthState has expanded its commercial banking sales force by more than 10% over the past three quarters as it seeks to capitalize on disruption in its markets. Corbett said the company had offered division presidents the opportunity to increase their commercial relationship manager teams by 15% to 20% over several years. The newer hires have generated $600 million of loan production so far and have a $1.5 billion pipeline, according to Corbett. Texas has been the strongest market for sales-force expansion, with its commercial relationship manager count up 25%. → D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? The company expects loan growth to remain in the mid- to upper-single-digit range. Corbett said SouthState sees a potential mix shift in the second half, with commercial and industrial lending expected to increase while planned commercial real estate payoffs, including multifamily projects, rise. Construction lending increased during the quarter, driven partly by owner-occupied projects for commercial clients and multifamily construction. However, Corbett noted that the overall construction category remained about 10% below its level a year earlier. SouthState reported a net interest margin of 3.78%, down 1 basis point from the first quarter and within its 3.75% to 3.80% guidance range. Deposit costs were unchanged from the prior quarter at 1.76%, while loan yields declined 5 basis points to 5.91% due to lower purchase-accounting accretion income. Excluding accretion, loan yields increased 1 basis point and net interest margin rose 4 basis points, the company said. Net interest income totaled $576 million, up $14 million from the first quarter. Chief Strategy Officer Steve Young said management’s outlook assumes no interest-rate increases or reductions through 2027 and calls for net interest margin to remain within the 3.75% to 3.80% range. He said deposit costs could rise modestly as the company funds loan growth, but anticipated asset repricing should help support the margin. SouthState said approximately 76% of quarterly loan production carried floating rates. The share of the overall loan portfolio in floating-rate loans has increased to 38%, from 32% a year earlier. Management also pointed to future repricing opportunities, including roughly $6 billion of loans expected to reprice over the next year and about $1 billion of securities expected to cash flow and be reinvested. Young said legacy loans with coupons in the 3% to 4% range are being replaced at rates in the 6% range. Credit quality improved during the quarter. Nonperforming assets declined 14%, classified loans also decreased, and net charge-offs were 6 basis points. It was the eighth time in the past nine quarters that SouthState’s net charge-offs were below 10 basis points. Provision expense was $16 million, primarily reflecting loan growth. Management said it expects modest downward pressure on reserve levels absent meaningful changes in Moody’s economic forecasts and other loss drivers. The company continues to use a more conservative weighting toward Moody’s pessimistic scenario than its traditional model weighting. Noninterest income was $97 million, or 57 basis points of average assets, within the company’s 55- to 60-basis-point guidance range. The figure was $3 million below the first quarter, as higher deposit fees were offset by lower mortgage revenue. SouthState said it continues to expect correspondent banking revenue of roughly $25 million per quarter. Noninterest expense totaled $358 million, slightly better than guidance. Management maintained its forecast for 4% noninterest expense growth in 2026. It expects compensation costs to rise in the second half as recently hired employees remain in the run rate and company merit increases take effect July 1. SouthState repurchased 1 million shares during the quarter at a weighted average price of $97.62, producing a 68% total payout ratio including dividends. Year-to-date repurchases totaled 2.5 million shares and the total payout ratio was 80%. Corbett said the company repurchased nearly 5% of its outstanding shares over the past year while increasing its dividend and maintaining a common equity tier 1 capital ratio above 11%. CET1 ended the quarter at 11.1%, tangible common equity was 8.7%, and tangible book value per share was $58.72, up 13% from a year earlier. Management reiterated its longer-term total capital return framework of 40% to 60%, saying recent higher repurchase activity is not expected to be sustained if the company continues to target mid- to high-single-digit loan growth while maintaining CET1 in an 11% to 12% range. Corbett also highlighted artificial intelligence as a strategic priority. The company is using the technology in credit operations, fraud management and call-center support, as well as through an internally developed small language model. SouthState is also testing commodity-hedging and foreign-exchange offerings, though Young said those initiatives are expected to launch in 2027 rather than materially affect 2026 results. SouthState Bank (NYSE: SSB) is a bank holding company headquartered in Winter Haven, Florida, that provides a range of commercial and retail banking services. Through its subsidiary, SouthState Bank, the company serves businesses, institutions and individuals with deposit, lending and treasury management solutions. Its core business lines include commercial and industrial loans, commercial real estate lending, consumer mortgages and home equity loans. In addition to traditional lending and deposit products, SouthState Bank offers specialized services such as treasury and cash management, merchant services, payment solutions and online banking. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "SouthState Bank Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Performance was driven by solid balance sheet growth, stable margins, and continued strength in credit quality, with non-performing assets declining 14%. Management is prioritizing talent acquisition as a primary growth engine, expanding the commercial banking sales force by more than 10% over the last three quarters. The company is intentionally operating in vibrant, growing markets like Florida, Texas, and South Carolina to capture natural growth rather than 'manufacturing' it. Strategic focus on artificial intelligence is yielding productivity gains in credit operations, fraud management, and call center support through an internal small language model. Management emphasizes a balanced approach to capital management, optimizing for long-term shareholder value across soundness, profitability, and growth rather than single-quarter metrics. The recruiting success is viewed as a direct investment in the franchise's future, with new hires already contributing $600 million in loan production. Guidance for 2026 net interest margin remains stable in the 375-380 basis points range, assuming flat interest rates through 2027. Loan growth is expected to continue in the mid-to-upper single-digit range, supported by a $1.5 billion pipeline from recent hires. Management expects a shift in loan mix during the second half of 2026, with a pickup in C&I lending offsetting planned multi-family CRE payoffs. The company intends to return to a 40%-60% capital return framework as share repurchase activity aligns with long-term earnings power and capital maintenance goals. New fee income initiatives, including commodity hedging and foreign exchange services, are targeted for a 2027 'go live' timeline. Management highlighted the convergence of accretion income and core deposit intangible (CDI) amortization, expecting these lines to cross within four to five quarters. The allowance for credit losses reflects a conservative 40-20-40 scenario weighting, maintaining a more pessimistic outlook due to global economic uncertainties. Loan production has shifted significantly toward floating rates, with 76% of new production in the quarter being floating to manage interest rate sensitivity. Non-interest expense guidance of 4% growth over 2025 levels remains unchanged, factoring in July merit increases and higher incentive accruals. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management confirmed they are willing to accept a few basis points of NIM compression if it facilitates growing high-quality customer relationships and NII. Decisions are made based on risk-adjusted return on capital rather than optimizing for a specific margin target. Core NIM expansion is expected as approximately $6 billion in loans reprice at higher current market rates over the next year. Legacy loans from 2021-2022 with 3% coupons are rolling off and being replaced by new production in the 6% range. Management expects to fund loan growth by maintaining a loan-to-deposit ratio up to approximately 92%. Seasonality is expected to drive higher deposit inflows in the latter half of the year, particularly from public funds. The company is not currently targeting new markets, preferring to build 'depth and density' in existing high-growth footprints. The Texas and Colorado teams have moved past post-conversion distractions and are now growing at rates consistent with the Southeast franchise.

For the quarter ended June 2026, SouthState (SSB) reported revenue of $672.68 million, up 1.2% over the same period last year. EPS came in at $2.35, compared to $2.30 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $677.15 million, representing a surprise of -0.66%. The company delivered an EPS surprise of +0.86%, with the consensus EPS estimate being $2.33. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how SouthState performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency Ratio: 50% compared to the 52.5% average estimate based on four analysts. Net Interest Margin (Non-Tax Equivalent): 3.8% versus the four-analyst average estimate of 3.8%. Average Balance - Total interest-earning assets: $61.13 billion versus the three-analyst average estimate of $61.42 billion. Total nonperforming assets: $287.39 million compared to the $320.33 million average estimate based on three analysts. Net charge-offs as a percentage of average loans (annualized): 0.1% compared to the 0.1% average estimate based on three analysts. Net Interest Income: $575.95 million compared to the $575.87 million average estimate based on four analysts. Total Noninterest Income: $96.73 million versus $101.25 million estimated by four analysts on average. Net interest income, tax equivalent (Non-GAAP): $576.7 million versus the three-analyst average estimate of $576.45 million. Trust and investment services income: $15.16 million versus $14.56 million estimated by two analysts on average. Fees on deposit accounts: $41.57 million compared to the $40.98 million average estimate based on two analysts. Mortgage banking income: $4.89 million versus the two-analyst average estimate of $9.37 million. Total correspondent banking and capital market income: $20.81 million versus the two-analyst average estimate of $21.11 million. View all Key Company Metrics for SouthState here>>> Shares of SouthState have returned +2.5% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SouthState Bank Corporation (SSB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

WINTER HAVEN, Fla., July 23, 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 six-month periods ended June 30, 2026. "We continue to make progress on our priorities of balance sheet growth, opportunistic hiring, active share repurchases and building our artificial intelligence capabilities," said John C. Corbett, SouthState's Chief Executive Officer. "The second quarter featured solid loan growth, a stable net interest margin, unchanged deposit costs, and improved efficiency. Asset quality trends also improved, with a decline in non-accruals and charge-offs of just 6 basis points. Over the past year, we've retired nearly 5% of our share count, raised our dividend by 11% and grown tangible book value by 13%. We remain focused on delivering for our shareholders." Highlights of the second quarter of 2026 include: Returns Reported diluted Earnings per Share ("EPS") and Adjusted Diluted EPS (Non-GAAP) of $2.35, up 11% year over year on a reported basis and 2% year over year on an adjusted basis Net Income of $230 million Return on Average Common Equity of 10.2%; Return on Average Tangible Common Equity (Non-GAAP) of 17.6%* Return on Average Assets ("ROAA") of 1.36%* Book Value per Share of $94.17 Tangible Book Value ("TBV") per Share (Non-GAAP) of $58.72, an increase of 13% year over year, after raising the dividend by 11%, and repurchasing nearly 5% of the Company's shares over the past year Performance Net Interest Income of $576 million, an increase of $14 million, or 3%, compared to the prior quarter Noninterest Income of $97 million, a decrease of $3 million compared to the prior quarter primarily due to mortgage banking income; Noninterest Income represented 0.57% of average assets for the second quarter of 2026* Noninterest Expense of $358 million, a decrease of $2 million compared to the prior quarter primarily due to OREO and loan related expense Net Interest Margin ("NIM"), non-tax equivalent and tax equivalent (Non-GAAP), of 3.78% Net charge-offs totaled $8 million, or 0.06%* of average loans $16 million of Provision for Credit Losses ("PCL"); total Allowance for Credit Losses ("ACL") plus reserve for unfunded commitments of 1.30% of loans Efficiency Ratio improved to 50% from the prior quarter Balance Sheet Loans increased by $1.4 billion, or 11%*, compared to the prior quarter and increased by $3.6 billion, or 8%, year over year; deposits increased by $474 million, or 3%*, and increased by $2.7 billion, or 5%, year over year; ending loan to deposit ratio of 90% Total deposit cost of 1.76%, unchanged from the prior quarter Strong capital position with Tangible Common Equity, Total Risk-Based Capital, Tier 1 Leverage, and Tier 1 Common Equity ratios of 8.7%, 13.5%, 9.4%, and 11.1%, respectively† Subsequent Events The Board of Directors of the Company increased its quarterly cash dividend on its common stock from $0.60 per share to $0.66 per share; the dividend is payable on August 14, 2026 to shareholders of record as of August 7, 2026 ∗ Annualized percentages† Preliminary Financial Performance Performance and Capital Ratios Balance Sheet Net Interest Income and Margin Noninterest Income and Expense Loans and Deposits The following table presents a summary of the loan portfolio by type: Asset Quality Current Expected Credit Losses ("CECL") Below is a table showing the roll forward of the ACL and UFC for the second quarter of 2026: Conference Call The Company will host a conference call to discuss its second quarter results at 9:00 a.m. Eastern Time on July 24, 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 404525610. 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 July 24, 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. 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. View original content to download multimedia:https://www.prnewswire.com/news-releases/southstate-bank-corporation-reports-second-quarter-2026-results-declares-an-increase-in-the-quarterly-cash-dividend-302833694.html

Wall Street analysts expect SouthState (SSB) to post quarterly earnings of $2.33 per share in its upcoming report, which indicates a year-over-year increase of 1.3%. Revenues are expected to be $677.15 million, up 1.9% from the year-ago quarter. The current level reflects an upward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock. While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight. With that in mind, let's delve into the average projections of some SouthState metrics that are commonly tracked and projected by analysts on Wall Street. Analysts predict that the 'Efficiency Ratio' will reach 52.5%. Compared to the present estimate, the company reported 52.8% in the same quarter last year. It is projected by analysts that the 'Net Interest Margin (Non-Tax Equivalent)' will reach 3.8%. Compared to the current estimate, the company reported 4.0% in the same quarter of the previous year. The collective assessment of analysts points to an estimated 'Average Balance - Total interest-earning assets' of $61.42 billion. Compared to the present estimate, the company reported $57.71 billion in the same quarter last year. Analysts forecast 'Total nonperforming assets' to reach $320.33 million. Compared to the current estimate, the company reported $323.84 million in the same quarter of the previous year. The consensus estimate for 'Total nonperforming loans (non-acquired & acquired)' stands at $286.10 million. Compared to the current estimate, the company reported $297.80 million in the same quarter of the previous year. Analysts expect 'Net Interest Income' to come in at $575.87 million. The estimate is in contrast to the year-ago figure of $577.95 million. The consensus among analysts is that 'Total Noninterest Income' will reach $101.25 million. The estimate is in contrast to the year-ago figure of $86.82 million. The combined assessment of analysts suggests that 'Net interest income, tax equivalent (Non-GAAP)' will likely reach $576.45 million. The estimate compares to the year-ago value of $578.62 million. The average prediction of analysts places 'Trust and investment services income' at $14.56 million. Compared to the current estimate, the company reported $14.42 million in the same quarter of the previous year. According to the collective judgment of analysts, 'Fees on deposit accounts' should come in at $40.98 million. The estimate compares to the year-ago value of $37.87 million. Based on the collective assessment of analysts, 'Mortgage banking income' should arrive at $9.37 million. The estimate compares to the year-ago value of $5.94 million. Analysts' assessment points toward 'Total correspondent banking and capital market income' reaching $21.11 million. The estimate is in contrast to the year-ago figure of $13.77 million. View all Key Company Metrics for SouthState here>>> Over the past month, shares of SouthState have returned +3.5% versus the Zacks S&P 500 composite's +0.3% change. Currently, SSB carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> . Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SouthState Bank Corporation (SSB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research