NYSE : SSB
SouthState Bank Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 105.17 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 10.18B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 2.99B | 3.00B | 1.93B | 1.72B | 1.18B | 990.52M |
| Interest Income on Investments | 382.26M | 377.92M | 215.52M | 228.00M | 219.00M | 94.28M |
| Total Interest Income | 3.37B | 3.38B | 2.14B | 1.94B | 1.40B | 1.08B |
| Interest Paid on Deposits | 988.98M | 995.01M | 671.83M | 440.26M | 36.98M | 33.18M |
| Interest Paid on Borrowings | 69.53M | 81.18M | 54.08M | 51.54M | 24.37M | 18.45M |
| Total Interest Expense | 1.06B | 1.08B | 725.91M | 491.80M | 61.35M | 51.63M |
| Net Interest Income | 2.31B | 2.30B | 1.42B | 1.45B | 1.34B | 1.03B |
| Trust Income | 60.16M | 58.19M | 45.47M | 39.45M | 39.02M | 36.98M |
| Mortgage Banking Activities | 26.69M | 24.29M | 20.05M | 13.36M | 17.79M | 64.60M |
| Gain (Loss) on Sale of Investments | -228.81M | -50.00K | 43.00K | 30.00K | 102.00K | |
| Other Non-Interest Income | 139.01M | 360.15M | 100.70M | 105.05M | 127.60M | 149.81M |
| Total Non-Interest Income | 390.89M | 372.14M | 302.26M | 286.91M | 309.25M | 354.25M |
| Revenues Before Loan Losses | 2.70B | 2.68B | 1.72B | 1.74B | 1.64B | 1.39B |
| Provision for Loan Losses | 53.68M | 119.76M | 15.97M | 114.08M | 81.86M | -165.27M |
| Revenue | 2.65B | 2.56B | 1.70B | 1.63B | 1.56B | 1.55B |
| Salaries and Employee Benefits | 792.98M | 760.83M | 578.87M | 547.54M | 519.07M | 526.31M |
| Federal Deposit Insurance | 41.80M | 40.98M | 31.15M | 33.07M | 23.03M | 17.98M |
| Amortization of Goodwill & Intangibles | 86.39M | 94.72M | 22.39M | 27.56M | 33.20M | 35.19M |
| Selling, General & Administrative | 384.02M | 367.12M | 246.40M | 247.63M | 238.68M | 220.61M |
| Other Non-Interest Expense | 141.73M | 133.12M | 94.00M | 98.22M | 84.46M | 67.35M |
| Total Non-Interest Expense | 1.46B | 1.41B | 977.51M | 955.73M | 898.81M | 869.47M |
| EBT Excluding Unusual Items | 1.19B | 1.15B | 724.23M | 669.71M | 664.25M | 683.23M |
| Asset Writedown | 5.60M | 5.60M | ||||
| Other Unusual Items | 3.83M | 3.83M | -3.85M | -25.69M | -11.71M | |
| Pretax Income | 1.20B | 1.04B | 700.25M | 630.85M | 633.36M | 604.28M |
| Income Tax Expense | 268.75M | 241.54M | 165.47M | 136.54M | 137.31M | 128.74M |
| Net Income | 927.36M | 798.67M | 534.78M | 494.31M | 496.05M | 475.54M |
| Net Income to Common | 927.36M | 798.67M | 534.78M | 494.31M | 496.05M | 475.54M |
| Basic Shares Outstanding | 98.20M | 101.04M | 76.30M | 76.05M | 74.55M | 70.39M |
| Diluted Shares Outstanding | 98.65M | 101.50M | 76.76M | 76.48M | 75.18M | 70.89M |
| EPS (Basic) | 9.44 | 7.90 | 7.01 | 6.50 | 6.65 | 6.76 |
| EPS (Diluted) | 9.40 | 7.87 | 6.97 | 6.46 | 6.60 | 6.71 |
| Dividend Per Share | 2.46 | 2.28 | 2.12 | 2.04 | 1.98 | 1.92 |
| Effective Tax Rate | 22.47% | 23.22% | 23.63% | 21.64% | 21.68% | 21.30% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.65B | 2.87B | 1.12B | 747.36M | 1.13B | 6.50B |
| Investment Securities | 1.89B | 1.88B | 1.70B | 1.94B | 2.30B | 1.62B |
| Trading Asset Securities | 261.26M | 333.07M | 264.42M | 204.26M | 242.28M | 492.43M |
| Mortgage-Backed Securities | 6.55B | 6.59B | 4.93B | 5.35B | 5.73B | 5.41B |
| Total Investments | 8.70B | 8.80B | 6.89B | 7.50B | 8.27B | 7.52B |
| Gross Loans | 52.21B | 48.86B | 33.94B | 32.39B | 30.18B | 23.93B |
| Allowance for Loan Losses | -588.92M | -585.20M | -465.28M | -456.57M | -356.44M | -301.81M |
| Other Adjustments to Gross Loans | -159.30M | -259.50M | -36.90M | |||
| Net Loans | 51.46B | 48.01B | 33.44B | 31.93B | 29.82B | 23.63B |
| Property, Plant & Equipment | 992.29M | 994.18M | 502.56M | 519.20M | 520.63M | 558.50M |
| Goodwill | 3.09B | 3.09B | 1.92B | 1.92B | 1.92B | 1.58B |
| Other Intangible Assets | 322.59M | 386.33M | 66.46M | 88.78M | 116.45M | 128.07M |
| Loans Held for Sale | 296.83M | 345.34M | 279.43M | 50.89M | 28.97M | 191.72M |
| Accrued Interest Receivable | 244.50M | 225.40M | 157.20M | 153.50M | 133.60M | 89.80M |
| Restricted Cash | 329.51M | 302.18M | 272.78M | 251.52M | 183.69M | 226.00M |
| Other Current Assets | 3.27M | 12.40M | 17.75M | 9.58M | ||
| Long-Term Deferred Tax Assets | 166.42M | 112.58M | 179.88M | 164.35M | 177.80M | 64.96M |
| Other Real Estate Owned & Foreclosed | 15.22M | 9.17M | 2.77M | 1.42M | 1.17M | 3.46M |
| Other Long-Term Assets | 2.14B | 2.03B | 1.52B | 1.54B | 1.58B | 1.33B |
| Total Assets | 70.44B | 67.20B | 46.38B | 44.90B | 43.92B | 41.84B |
| Interest Bearing Deposits | 42.09B | 39.63B | 26.78B | 25.47B | 22.69B | 22.95B |
| Institutional Deposits | 2.10B | 2.14B | 1.09B | 927.21M | 487.19M | 603.16M |
| Non-Interest Bearing Deposits | 13.45B | 13.38B | 10.19B | 10.65B | 13.17B | 11.50B |
| Total Deposits | 57.64B | 55.15B | 38.06B | 37.05B | 36.35B | 35.05B |
| Short-Term Borrowings | 1.49B | 1.17B | 1.39B | 1.39B | 1.59B | 1.07B |
| Current Portion of Leases | 14.59M | 58.30M | ||||
| Long-Term Debt | 996.86M | 524.83M | 273.66M | 274.27M | 274.87M | 209.90M |
| Long-Term Leases | 512.14M | 468.17M | 103.90M | 108.30M | 115.60M | 115.90M |
| Trust Preferred Securities | 171.71M | 117.87M | 117.64M | 117.40M | 117.17M | |
| Other Long-Term Liabilities | 744.34M | 596.54M | 539.72M | 426.14M | 394.71M | 467.92M |
| Total Liabilities | 61.39B | 58.14B | 40.49B | 39.37B | 38.84B | 37.04B |
| Common Stock | 241.89M | 247.84M | 190.81M | 190.06M | 189.26M | 173.33M |
| Additional Paid-In Capital | 6.23B | 6.48B | 4.26B | 4.24B | 4.22B | 3.65B |
| Retained Earnings | 3.11B | 2.61B | 2.05B | 1.69B | 1.35B | 997.66M |
| Comprehensive Income & Other | -539.61M | -283.38M | -606.92M | -582.54M | -677.09M | -21.15M |
| Shareholders' Equity | 9.05B | 9.06B | 5.89B | 5.53B | 5.07B | 4.80B |
| Total Liabilities & Equity | 70.44B | 67.20B | 46.38B | 44.90B | 43.92B | 41.84B |
| Total Debt | 3.01B | 2.40B | 1.89B | 1.89B | 2.10B | 1.51B |
| Net Cash (Debt) | -103.34M | 807.41M | -506.50M | -942.26M | -727.28M | 5.48B |
| Net Cash Per Share | -1.05 | 7.95 | -6.60 | -12.32 | -9.67 | 77.24 |
| Filing Date Shares Outstanding | 96.68M | 98.07M | 101.36M | 76.24M | 75.80M | 68.84M |
| Total Common Shares Outstanding | 96.76M | 99.14M | 76.32M | 76.01M | 75.65M | 69.33M |
| Book Value Per Share | 93.51 | 91.38 | 77.18 | 72.80 | 67.08 | 69.28 |
| Tangible Book Value | 5.63B | 5.58B | 3.90B | 3.52B | 3.04B | 3.09B |
| Tangible Book Value Per Share | 58.19 | 56.27 | 51.11 | 46.33 | 40.12 | 44.62 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 927.36M | 798.67M | 534.78M | 494.31M | 496.05M | 475.54M |
| Depreciation & Amortization | 150.05M | 150.69M | 52.10M | 53.93M | 59.69M | 58.34M |
| Other Amortization | 6.90M | 6.90M | 4.60M | 4.90M | 4.90M | 4.80M |
| Gain (Loss) on Sale of Assets | -5.07M | -239.05M | -1.12M | -96.00K | -1.32M | -1.47M |
| Gain (Loss) on Sale of Investments | 11.23M | 239.85M | 19.39M | 20.09M | 27.27M | 37.92M |
| Total Asset Writedown | 4.41M | 4.41M | 2.07M | |||
| Provision for Credit Losses | 53.68M | 119.76M | 15.97M | 114.08M | 81.86M | -165.27M |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -1.15B | -929.41M | -595.32M | -17.55M | 154.04M | 163.95M |
| Change in Trading Asset Securities | 1.23B | 771.39M | 293.34M | 38.02M | 254.11M | 364.00M |
| Accrued Interest Receivable | -17.93M | -9.54M | -9.00M | -19.81M | -32.83M | 17.08M |
| Change in Income Taxes | 29.77M | -60.36M | 52.14M | 62.51M | -17.22M | -53.84M |
| Change in Other Net Operating Assets | 465.78M | -363.98M | 210.81M | -241.72M | 593.31M | -475.86M |
| Other Operating Activities | -6.78M | 83.07M | -38.42M | -23.19M | 100.48M | 61.34M |
| Operating Cash Flow | 1.57B | 300.85M | 511.96M | 546.76M | 1.73B | 415.69M |
| Capital Expenditures | -67.39M | -70.25M | -35.81M | -38.88M | -17.67M | -28.42M |
| Sale of Property, Plant and Equipment | -525.93M | 997.00K | 373.00K | 856.00K | 6.14M | 51.13M |
| Cash Acquisitions | 1.04B | 250.12M | -39.93M | |||
| Investment in Securities | -475.45M | -97.58M | 649.94M | 818.52M | -1.20B | -2.86B |
| Purchase / Sale of Intangibles | -279.00K | |||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -4.32B | -1.45B | -1.52B | -2.22B | -3.84B | 758.88M |
| Other Investing Activities | 592.80M | 600.98M | 23.23M | 11.56M | -61.99M | -205.26M |
| Investing Cash Flow | -4.80B | 20.81M | -886.18M | -1.43B | -4.86B | -2.32B |
| Short-Term Debt Issued | 103.30M | 25.73M | 1.57M | |||
| Long-Term Debt Issued | 1.05B | 4.00B | 6.05B | 25.00M | ||
| Total Debt Issued | 924.12M | 1.15B | 4.03B | 6.05B | 26.57M | |
| Short-Term Debt Repaid | -67.23M | -224.82M | ||||
| Long-Term Debt Repaid | -1.10B | -4.10B | -5.95B | -13.00M | -100.88M | |
| Total Debt Repaid | -720.04M | -1.10B | -4.10B | -6.02B | -237.82M | -100.88M |
| Net Debt Issued (Repaid) | 204.08M | 43.42M | -74.27M | 32.77M | -237.82M | -74.31M |
| Issuance of Common Stock | 7.23M | 5.49M | 8.82M | 5.70M | 4.44M | 5.29M |
| Repurchase of Common Stock | -470.44M | -237.65M | -16.76M | -16.06M | -119.33M | -147.42M |
| Common Dividends Paid | -241.24M | -230.20M | -161.60M | -154.92M | -146.49M | -135.20M |
| Net Increase (Decrease) in Deposit Accounts | 3.56B | 1.88B | 1.01B | 699.78M | -1.78B | 4.37B |
| Other Financing Activities | -1.11M | -1.10M | -1.30M | -1.26M | -178.00K | -136.00K |
| Financing Cash Flow | 3.06B | 1.46B | 767.41M | 566.00M | -2.28B | 4.02B |
| Net Cash Flow | -169.84M | 1.78B | 393.19M | -313.69M | -5.41B | 2.11B |
| Free Cash Flow | 1.50B | 230.59M | 476.15M | 507.87M | 1.71B | 387.27M |
| Free Cash Flow Margin | 56.57% | 9.02% | 27.98% | 31.25% | 109.61% | 24.94% |
| Free Cash Flow Per Share | 15.18 | 2.27 | 6.20 | 6.64 | 22.79 | 5.46 |
| Cash Interest Paid | 1.07B | 1.11B | 741.98M | 441.21M | 67.13M | 55.39M |
| Cash Income Tax Paid | 190.28M | 170.14M | 111.48M | 74.72M | 35.14M | 126.21M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 10.35B | 9.46B | 7.59B | 6.42B | 5.78B | 5.59B |
| Last Close Price | 107.01 | 92.44 | 95.35 | 79.02 | 69.45 | 71.14 |
| PE Ratio | 11.39 | 11.84 | 14.19 | 12.99 | 11.64 | 11.76 |
| PS Ratio | 3.91 | 3.70 | 4.46 | 3.95 | 3.69 | 3.60 |
| PB Ratio | 1.14 | 1.04 | 1.29 | 1.16 | 1.14 | 1.16 |
| P/FCF Ratio | 6.91 | 41.02 | 15.94 | 12.64 | 3.37 | 14.44 |
| P/OCF Ratio | 6.61 | 31.44 | 14.82 | 11.75 | 3.34 | 13.45 |
| Debt / Equity Ratio | 0.33 | 0.26 | 0.32 | 0.34 | 0.41 | 0.32 |
| Debt / FCF Ratio | 2.01 | 10.39 | 3.97 | 3.73 | 1.23 | 3.91 |
| Net Debt / Equity Ratio | 0.01 | -0.09 | 0.09 | 0.17 | 0.14 | -1.14 |
| Net Debt / FCF Ratio | 0.07 | -3.50 | 1.06 | 1.85 | 0.42 | -14.14 |
| Return on Equity (ROE) | 10.27% | 10.69% | 9.36% | 9.32% | 10.04% | 10.06% |
| Return on Assets (ROA) | 1.36% | 1.41% | 1.17% | 1.11% | 1.16% | 1.19% |
| Earnings Yield | 8.78% | 8.44% | 7.05% | 7.70% | 8.59% | 8.50% |
| FCF Yield | 14.48% | 2.44% | 6.27% | 7.91% | 29.66% | 6.93% |
| Dividend Yield | 2.47% | 2.39% | 2.13% | 2.41% | 2.59% | 2.38% |
| Payout Ratio | 28.09% | 28.82% | 30.22% | 31.34% | 29.53% | 28.43% |
| Buyback Yield / Dilution | -3.19% | -32.23% | -0.37% | -1.73% | -6.05% | -28.74% |
| Total Shareholder Return | -0.72% | -29.84% | 1.76% | 0.69% | -3.46% | -26.36% |