SouthState Bank Corporation Reports Second Quarter 2026 Results, Declares an Increase in the Quarterly Cash Dividend
SouthState reported Q2 diluted EPS of $2.35, up 11% year-over-year, with net income reaching $230 million. The quarter featured solid balance sheet growth, including an 11% quarter-over-quarter increase in loans and a 3% rise in deposits. Operational metrics showed stability and improvement, with a stable net interest margin of 3.78% and an efficiency ratio that improved to 50%. Asset quality trends strengthened, evidenced by a decline in non-accruals and net charge-offs of just 6 basis points.
Key figures
- Eps
- 2.35
- Net charge offs
- $8 million
- Efficiency ratio
- 50%
- Dividend per share
- $0.66
- Noninterest income
- $97 million
- Net interest income
- $576 million
- Net interest margin
- 3.78%
- Provision for credit losses
- $16 million
- Tangible book value per share
- $58.72
AI analysis
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