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SouthState Bank Corporation Reports First Quarter 2026 Results, Declares Quarterly Cash Dividend
SouthState Bank Corporation ("SouthState" or the "Company") (NYSE: SSB) today released its unaudited results of operations and other financial information for the three-month period ended March 31, 2026.
About this update from Southstate Bank Corporation
[{"type":"text","content":"WINTER HAVEN, Fla., April 23, 2026 /PRNewswire/ -- SouthState Bank Corporation ("SouthState" or the "Company") (NYSE: SSB) today released its unaudited results of operations and other financial information for the three-month period ended March 31, 2026.","length":274,"tagName":"p"},{"type":"image","alt":"SouthState Bank Corporation Reports First Quarter 2026 Results","displaySize":"","headline":null,"caption":"SouthState Bank Corporation Reports First Quarter 2026 Results","className":"","disableSlideshowImg":false,"size":{"original":{"width":200,"height":113,"url":"https://media.zenfs.com/en/prnewswire.com/544ecb74d2ccdaa29cfc0573ccb56740"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/S5.xxiM_WNs39n1M4Fq02g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTIwMw--/https://media.zenfs.com/en/prnewswire.com/544ecb74d2ccdaa29cfc0573ccb56740","width":200,"height":113}},"href":"https://mma.prnewswire.com/media/2964374/SSB_Q1_2026_Earnings_Call_UPDATED.pdf?p=original","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""SouthState opened the year with strong momentum, posting solid balance sheet growth, record pipeline activity, and healthy profitability," said John C. Corbett, SouthState's Chief Executive Officer. "On an annualized basis, loans increased 7% and deposits grew 5%, and we continue to attract talented commercial bankers who are helping drive future growth. Asset quality remains strong, with annualized net charge-offs of just 9 basis points. In terms of profitability, we delivered a return on average assets of 1.37%. Over the past year, tangible book value per share increased 14%, even as we repurchased nearly 4% of our shares — underscoring our confidence in SouthState's performance and our commitment to creating long-term value for shareholders."","length":784,"tagName":"p"},{"type":"text","content":"Highlights of the first quarter of 2026 include:","length":48,"tagName":"p"},{"type":"text","content":"Returns","length":7,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Reported diluted Earnings per Share ("EPS") and Adjusted Diluted EPS (Non-GAAP) of $2.28, up 162% year over year on a reported basis and 6% year over year on an adjusted basis","length":185,"tagName":"p"}]},{"val":[{"type":"text","content":"Net Income of $225.8 million...