About SouthState Bank Corporation
SouthState Bank Corporation (NYSE: SSB) 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 1.5 million customers throughout Florida, Texas, the Carolinas, Georgia, Colorado, Alabama, Virginia and Tennessee. The bank also serves clients nationwide through its correspondent banking division.
Highlights – 4Q 2025
During the fourth quarter of 2025, loan and deposit growth accelerated to 8% annualized and earnings per share increased over 30% from the prior year. With peer-leading returns, SSB elected to repurchase 2 million shares of SouthState stock during the quarter and the Board authorized a new share repurchase plan of 5.56 million shares.
Diluted earnings per share (EPS) of $2.46, an increase of 32% year-over-year. Adjusted diluted EPS (non-GAAP) of $2.47, an increase of 28% year-over-year. Net income of $247.7 million. Adjusted net income (non-GAAP) of $248.2 million. Return on average common equity of 10.9%. Return on average tangible common equity (non-GAAP) and adjusted return on average tangible common equity (non-GAAP) of 19.1%.
Return on average assets (ROAA) of 1.47% and adjusted ROAA (non-GAAP) of 1.48%. Book value per share of $91.38. Tangible book value (TBV) per share (non-GAAP) of $56.27, an increase of 10% year-over-year, after closing the Independent Financial acquisition, raising the Company dividend by 11%, and repurchasing 2.4% of the Company’s shares.
Key Results
Net interest income of $581 million, a decrease of $19 million, or 3%, compared to the prior quarter. Noninterest income of $105.8 million, up $7 million compared to the prior quarter, primarily due to an increase in correspondent banking and capital markets income.
Net interest margin (NIM), non-tax equivalent and tax equivalent (non-GAAP), of 3.85% and 3.86%, respectively. Net charge-offs totaled $10.5 million, or 0.09% of average loans, and the year-to-date net charge-offs of 0.11% of average loans. Efficiency ratio and adjusted efficiency ratio (non-GAAP) of 50%.
Balance Sheet
Loans increased by $931 million, or 8%, and deposits increased by $1.1 billion, or 8%. Total loan yield of 6.13%, down 0.35% from prior quarter.
Total deposit cost of 1.82%, down 0.09% from prior quarter. Strong capital position with tangible common equity, Total risk-based capital, Tier 1 leverage, and Tier 1 common equity ratios of 8.8%, 13.8%, 9.3%, and 11.4%, respectively.
Dividend
The Board of Directors of the Company declared a quarterly cash dividend on its common stock of $0.60 per share, payable on February 13, 2026 to shareholders of record as of February 6, 2026.
The Board of Directors approved a new stock repurchase plan authorizing the Company to repurchase up to 5,560,000 of the Company’s common shares; this authorization replaces the pre-existing authorization, which had 560,000 shares remaining and was cancelled as part of the Board approval of the 2026 repurchase plan.
