SouthState Bank Corporation (SSB) SEC Filings & Earnings Calls

Deposit cost pressure continues, up 4 bps QoQ to 1.80%

“Total deposit cost of 1.80%, up 0.04% from the prior quarter” · word for word

Noninterest expense increased $17M QoQ due to compensation and hiring

“Noninterest Expense of $375 million, an increase of $17 million compared to the prior quarter primarily due to an increase in salaries and employee benefits expense” · word for word

NIM compression from acquired loan runoff

“The decline in non-tax equivalent and the Tax Equivalent ('TE') net interest margin of 24 basis points in the second quarter of 2026 compared to the same quarter of 2025 primarily reflected lower yields on interest‑earning assets, driven by reduced loan accretion income and a lower interest rate environment” · word for word

Credit risk from rapid loan growth

“The main reason for the increase in the provision for credit losses was higher loan production and net loan growth in the second quarter of 2026 compared to the same period in 2025.” · word for word

Unrealized losses on securities portfolio

“At June 30, 2026, the unrealized net losses of the available for sale securities portfolio was $418.3 million, or 6.0%, below its amortized cost basis” · word for word

Credit quality improving with low charge-offs

“Net charge-offs totaled $8 million, or 0.06%* of average loans” · word for word

Unrealized losses on securities portfolio

“Accumulated other comprehensive loss increased to ($326.1 million) from ($283.4 million) at December 31, 2025.”

Integration Risk from Independent Acquisition

“Closed the acquisition of Independent Bank Group, Inc. on January 1, 2025, marking SouthState's entry into the attractive Texas and Colorado markets, and completed a successful conversion of Independent to SouthState systems in May” · word for word

Credit Risk from Loan Growth

“Achieved record loan production of $12.7 billion” · word for word

Key Person Risk with CEO/Chair Combination

“the Board believes that the Company’s interests would be best served at this time by appointing Mr. John Corbett, its Chief Executive Officer, as Chair of the Board” · word for word

FDIC Special Assessment

“The total estimated FDIC special assessment allocable to the Bank is approximately $33.5 million.” · word for word

Credit Loss Sensitivity to Economic Scenarios

“If a 100% probability weighting was applied to the adverse scenario rather than using the probability-weighted three scenario approach, this would result in an increase in the ACL by approximately $208 million.” · word for word

Regulatory Compliance Costs

“As a result of Independent Merger into the Company, the Bank grew above $50 billion in assets as of January 1, 2025, and thus would become subject, effective the fourth quarter of 2026, to the OCC’s heightened standards guidelines.” · word for word

Dividend Restrictions

“We and the Bank must maintain the applicable common equity Tier 1 (“CET1”) capital conservation buffer of 2.5% to avoid becoming subject to restrictions on capital distributions, including dividends.” · word for word

Net charge-offs increased to $10.5M (0.09% of avg loans) but remain low; credit quality stable.

“Net charge-offs totaled $10.5 million, or 0.09%* of average loans” · word for word

Commercial Real Estate Credit Deterioration

“Commercial non-owner-occupied nonaccrual loans were $76,151 at September 30, 2025, compared to $17,505 at December 31, 2024.”

Rising Net Charge-Offs

“Net charge-offs were $32,154 for the three months ended September 30, 2025, compared to $6,080 for the same period in 2024.”

Integration and Merger Costs

“Merger, branch consolidation, severance-related, and other expense $20,889 for the three months ended September 30, 2025.” · word for word

Cyber Incident Litigation

“At this time, neither the Bank nor the Company is able to reasonably estimate the amount or range of reasonably possible loss, if any, that might result from the Cyber Incident Suit.” · word for word