SouthState Bank Corp (SSB) Form 8-K — Oct 21, 2026
SouthState Bank Corporation reported third quarter 2026 net income of $224 million and diluted EPS of $2.30, matching its adjusted EPS, with return on average tangible common equity of 16.6%. The balance sheet grew strongly: loans rose $1.2 billion and deposits rose $1.3 billion, both at a 9% annualized pace, with a stable 3.77% net interest margin and low net charge-offs of 9 basis points. Year over year, earnings softened — EPS fell from $2.42 reported ($2.58 adjusted) a year ago as loan accretion income declined $56 million and NIM compressed from 4.05% to 3.77%.
Key figures
- Eps
- 2.3
- Net Income
- 223798000
- Total Assets
- 70439664000
- Cash Position
- 2974618000
- Shares Outstanding
- 96757601
- Roaa
- 1.29%
- Rotce
- 16.60%
- Total loans
- 52053093000
- Total deposits
- 57638281000
- Cost of deposits
- 1.80%
- Efficiency ratio
- 52%
- Dividend per share
- 0.66
- Shares repurchased
- 250000
- Book value per share
- 93.51
- Repurchase avg price
- 104.45
- Loan to deposit ratio
- 90%
- Net charge offs ratio
- 0.09% annualized
- Noninterest income q3
- 93911000
- Net interest income q3
- 591518000
- Nim non tax equivalent
- 3.77%
- Noninterest expense q3
- 374763000
- Loan growth qoq annualized
- 9%
- Tier 1 common equity ratio
- 11.1%
- Provision for credit losses
- 20345000
- Deposit growth qoq annualized
- 9%
- Tangible book value per share
- 58.19
- Total risk based capital ratio
- 13.5%
AI analysis
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