About SouthState Bank Corporation
Highlights – 4Q 2025
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.