Earnings summaries and quarterly performance for SouthState Bank.
Executive leadership at SouthState Bank.
Board of directors at SouthState Bank.
David Brooks
Detailed
Director
David Salyers
Detailed
Director
Douglas Hertz
Detailed
Independent Chair of the Board
James Roquemore
Detailed
Director
Janet Froetscher
Detailed
Director
Joshua Snively
Detailed
Director
Martin Davis
Detailed
Director
Merriann Metz
Detailed
Director
Ronald Cofield Sr
Detailed
Director
Ruffner Page Jr
Detailed
Director
Shantella Cooper
Detailed
Director
Stacy Smith
Detailed
Director
William Pou Jr
Detailed
Director
Research analysts who have asked questions during SouthState Bank earnings calls.
Catherine Mealor
Keefe, Bruyette & Woods
6 questions for SSB
Also covers: ABCB, AUB, CADE +21 more
Michael Rose
Raymond James Financial, Inc.
6 questions for SSB
Also covers: AMTB, BFST, BOKF +24 more
Gary Tenner
D.A. Davidson & Co.
5 questions for SSB
Also covers: AVBH, AX, BANC +18 more
Jared Shaw
Barclays
4 questions for SSB
Also covers: ASB, BANC, BKU +19 more
Stephen Scouten
Piper Sandler & Co.
4 questions for SSB
Also covers: ABCB, AMTB, AUB +24 more
Ben Gerlinger
Citigroup
2 questions for SSB
Also covers: BKU, BPOP, CADE +10 more
Benjamin Gerlinger
Citigroup Inc.
2 questions for SSB
Also covers: BANC, BKU, BOKF +18 more
David Bishop
Hovde Group
2 questions for SSB
Also covers: AUB, BHLB, BKU +12 more
Janet Lee
TD Cowen
2 questions for SSB
Also covers: AUB, FHB, FHN +11 more
Russell Gunther
Stephens Inc.
2 questions for SSB
Also covers: ABCB, AMTB, AUB +10 more
Samuel Varga
UBS
2 questions for SSB
Also covers: BPOP, COLB, EWBC +9 more
Christopher Marinac
Janney Montgomery Scott LLC
1 question for SSB
Also covers: ABCB, BFST, BKU +24 more
John McDonald
Truist Securities
1 question for SSB
Also covers: BAC, C, FHN +6 more
Justin Marca
Lucid Capital Markets LLC
1 question for SSB
Also covers: CION, GLAD, OXLC +1 more
Recent press releases and 8-K filings for SSB.
Charles Schwab to Acquire Forge Global
SSB
M&A
New Projects/Investments
- Charles Schwab has entered into a definitive agreement to acquire Forge Global Holdings, Inc. for approximately $660 million.
- The acquisition aims to democratize access to private markets and deepen liquidity for Schwab's clients, leveraging Forge's premier private market platform.
- Under the terms of the agreement, Schwab will acquire all of Forge's issued and outstanding common shares for $45 cash per Common Share.
- The transaction is expected to close in the first half of 2026, subject to customary closing conditions, including approval by Forge's stockholders and regulatory approvals.
Nov 6, 2025, 11:30 AM
SouthState Bank Corporation Reports Strong Q3 2025 Results with Increased Earnings and Revenue
SSB
Earnings
Dividends
Revenue Acceleration/Inflection
- SouthState Bank Corporation reported Net Income of $246.6 million and Diluted Earnings per Share (EPS) of $2.42 for the third quarter ended September 30, 2025. The Adjusted Diluted EPS (Non-GAAP) was $2.58, representing a 30% year-over-year increase in earnings per share.
- The company achieved significant top-line growth, with non-tax equivalent revenue reaching $699 million, an increase of $34 million, or 5%, compared to the prior quarter. This was coupled with improved operational efficiency, reflected by an Efficiency Ratio of 50% and an Adjusted Efficiency Ratio (Non-GAAP) of 47%.
- Profitability metrics were robust, including a Return on Average Assets (ROAA) of 1.49% and an Adjusted ROAA (Non-GAAP) of 1.59%. The Adjusted Return on Average Tangible Common Equity (Non-GAAP) stood at 20.8%.
- The balance sheet showed growth, with loans increasing by $401 million (3%) and deposits increasing by $376 million (3%) during the quarter. The Board of Directors also declared a quarterly cash dividend of $0.60 per share.
Oct 22, 2025, 8:07 PM
SouthState Bank Reports Strong Third Quarter 2025 Results and Declares Dividend
SSB
Earnings
Dividends
Revenue Acceleration/Inflection
- SouthState Bank reported diluted earnings per share of $2.42 for the third quarter ended September 30, 2025, representing a 30% year-over-year increase.
- The company achieved net income of $246.6 million and revenue of $699 million for the quarter.
- Performance highlights include a Return on Average Assets (ROAA) of 1.49% and an Adjusted Return on Average Tangible Common Equity (ROATCE) of 20.8%.
- Loans increased by $401 million and deposits grew by $376 million during the quarter ended September 30, 2025.
- A quarterly cash dividend of $0.60 per share was declared, payable on November 14, 2025.
Oct 22, 2025, 8:05 PM
Schwab Reports Record Q3 2025 Revenue and Earnings
SSB
Earnings
Revenue Acceleration/Inflection
Share Buyback
- Schwab reported record net revenues of $6.1 billion for the third quarter of 2025, marking a 27% increase year-over-year.
- GAAP diluted earnings per share for Q3 2025 were $1.26, a 77% increase compared to the prior year, with adjusted diluted EPS at $1.31.
- Total client assets reached a record $11.59 trillion, up 17% year-over-year, driven by $137.5 billion in core net new assets during Q3 2025.
- The company repurchased 28.9 million shares of common stock for $2.7 billion during the third quarter of 2025.
Oct 16, 2025, 11:30 AM
SouthState Bank Launches Instant Payments Solutions
SSB
Product Launch
New Projects/Investments
- SouthState Bank has launched new instant payment solutions, enabling its Treasury customers to send and receive instant payments via The Clearing House's Real-Time Payments (RTP) and the Federal Reserve's FedNow networks.
- These solutions are designed to enhance cash flow management, secure transactions, and improve reconciliation processes in real-time, adhering to the global ISO 20022 standard for easier data integration.
- A pilot program conducted over the past year processed over 600,000 instant payment transactions totaling more than $400 million, with payroll provider Hourly participating.
- While instant payment send functionality is currently limited to Treasury customers, SouthState plans to expand the offering to other customers in the future.
Sep 17, 2025, 1:36 PM
SouthState Corp issues $350M subordinated notes due 2035
SSB
Debt Issuance
- SouthState Corp entered into a Base Indenture and First Supplemental Indenture on June 13, 2025 to issue $350 million of 7.000% Fixed-to-Floating Rate Subordinated Notes due 2035.
- The Notes pay 7.000% semiannual interest through June 13, 2030, then reset quarterly at compounded SOFR plus 319 bps, with SOFR fallback and Benchmark Replacement provisions.
- Interest payments begin December 13, 2025; floating-rate payments commence September 13, 2030, and may be accelerated if a payment date falls on a non-Business Day.
- The Company may redeem the Notes under terms set forth in the Indenture; the offering was conducted under an effective Form S-3 shelf registration.
Jun 13, 2025, 12:00 AM
SouthState Corp announces $350M subordinated notes offering
SSB
Debt Issuance
- On June 10, 2025, SouthState Corporation entered into an underwriting agreement to sell $350,000,000 aggregate principal amount of 7.000% Fixed-to-Floating Rate Subordinated Notes due 2035 in a registered public offering.
- The notes bear a 7.000% fixed rate payable semiannually from settlement through June 13, 2030, then reset to a floating rate equal to the base rate plus 319 basis points payable quarterly.
- Settlement is expected on June 13, 2025 (T+3), with final maturity on June 13, 2035; denominations are $1,000 minimum and integral multiples thereof.
- The company may redeem the notes at par beginning June 13, 2030 (subject to Federal Reserve approval), and prior to maturity upon certain tax, regulatory capital or investment company events.
Jun 11, 2025, 12:00 AM
SouthState Corp Reports Q1 2025 Earnings Results
SSB
Earnings
M&A
- GAAP net income declined to $89.1M in Q1 2025 compared to $144.2M in 4Q24, while adjusted net income rose to $219.3M with an adjusted EPS of $2.15.
- The company completed the acquisition of Independent Bank Group on January 1, 2025, and executed a sale-leaseback transaction that generated a $229M gain, alongside restructuring securities with a $229M loss, influencing the reported results.
- Net interest margin improved to 3.85% in Q1 2025 from lower levels in previous quarters, supporting stronger core earnings performance.
- The loan portfolio expanded significantly to $46.8B in Q1 2025, reflecting both organic growth and contributions from the acquisition.
Apr 25, 2025, 1:00 PM
SouthState Reports Q1 2025 Results and Declares Dividend
SSB
Earnings
Dividends
- SouthState Corporation released its unaudited Q1 2025 results and declared a quarterly cash dividend, indicating a positive earnings profile as part of its strategic reset.
- The announcement was issued on April 24, 2025 with media contact provided (Jackie Smith, 803.231.3486) for further inquiries.
Apr 24, 2025, 12:00 AM
SouthState Corp Announces Board Restructuring and Proxy Vote Outcomes
SSB
Board Change
Proxy Vote Outcomes
- Board Update: The Board reduced its size from 15 to 14 members and appointed new chairs and committee memberships for its four standing committees.
- Shareholder Voting: At the Annual Meeting on April 23, 2025, shareholders voted on key proposals including director elections, executive compensation advice, a domicile change from South Carolina to Florida, and ratification of Ernst & Young LLP as the auditor, with detailed vote counts provided.
Apr 23, 2025, 12:00 AM
Quarterly earnings call transcripts for SouthState Bank.
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