Southstate Bank Corporation · NYSE:SSB
Southstate Bank — Q3 2026 Earnings Presentation
33 slides from Southstate Bank's earnings presentation, Oct 21, 2026
Slide 1: 3Q 2026 Earnings Presentation
3Q 2026 Earnings Presentation October 22, 2026 Exhibit 99.2
Slide 2: Value Proposition
VALUE PROPOSITION 2 For end note descriptions, see Earnings Presentation End Notes starting on slide 29. 344 Branch Locations $70B Assets $58BDeposits $10B Market Cap 6,000+ Team Members Local Leadership Model Driving Durable Results Long-Term Track Record of Shareholder Value Creation Premier Depos
Slide 3: Premier Deposit Franchise
Fort Collins Denver Dallas Austin Houston Birmingham Richmond Charleston Atlanta Augusta Savannah Jacksonville Miami Orlando Winter Haven Tampa Greenville Charlotte PREMIER DEPOSIT FRANCHISE(1) 1.80% Cost of Deposits $58B Deposits $41K Average Balance 1.4M Deposit Accounts 1 3 For end note descripti
Slide 4: Operating in the Best Growth Markets
OPERATING IN THE BEST GROWTH MARKETS 4 2 Leading Growth Characteristics… … Support Superior Growth Projected HHI Growth(1) Projected Population Growth(1) Deposits per Share CAGR – Last 5 Years (non-GAAP)(3) Loans per Share CAGR – Last 5 Years (non-GAAP)(3) For end note descriptions, see Earnings Pre
Slide 5: Local Leadership Model Driving Durable Results
Local Leadership Model Driving Durable Results 5 3 Local Leadership Model Leading Long-Term Operating Results(1) Top-performing bank in employee engagement and client satisfaction Average consumer relationship is 10+ years Bankers are empowered to make decisions based on local market knowledge Incen
Slide 6: Long-Term Track Record of Shareholder Value Creation
LONG-TERM TRACK RECORD OF SHAREHOLDER VALUE CREATION 6 4 Track Record of Profitable & Prudent Growth TBVPS CAGR – Last 20 Years EPS CAGR – Last 20 Years Total Shareholder Returns Annualized TSR – Last 20 Years vs. Peers For end note descriptions, see Earnings Presentation End Notes starting on slide
Slide 7: 2026 Focus
2026 FOCUS Expanding sales force Driving meaningful balance sheet growth Share repurchases supported by robust earnings Leveraging AI to drive speed and scale 2026 FOCUS
Slide 8: Quarterly Results
Quarterly Results Ga
Slide 9: 3Q26 Quarterly Highlights
3Q26 QUARTERLY HIGHLIGHTS(1) Dollars in millions, except per share data, or as otherwise noted For end note descriptions, see Earnings Presentation End Notes starting on slide 29. 3Q26 3Q25 Reported(†) Reported / Adjusted(†) Net Income $ 224 $ 247 / $ 263 PPNR $ 311 $ 326 / $ 347 EPS (Diluted) $ 2.3
Slide 10: Loan Production and Net Loan Growth Trend
LOAN PRODUCTION AND NET LOAN GROWTH TREND Dollars in millions For end note descriptions, see Earnings Presentation End Notes starting on slide 29. (1) (1)
Slide 11: Net Interest Margin
NET INTEREST MARGIN(1) Dollars in millions For end note descriptions, see Earnings Presentation End Notes starting on slide 29. Accretion income $83 $50 $39 $33 $27 CDI amortization (23) (23) (21) (21) (21) Net Impact $60 $27 $18 $12 $6 Net Impact of Purchase Accounting (1)
Slide 12: Noninterest Income
NONINTEREST INCOME Amounts may not total due to rounding. For end note descriptions, see Earnings Presentation End Notes starting on slide 29.
Slide 13: Balance Sheet
Balance Sheet Ga
Slide 14: Total Loan Portfolio
TOTAL LOAN PORTFOLIO For end note descriptions, see Earnings Presentation End Notes starting on slide 29. Loan Type No. of Loans Balance Avg. Loan Balance Investor CRE 11,016 $ 19.1B $ 1,731,600 Consumer RE 51,344 11.3B 220,900 C & I 22,782 9.8B 430,500 Owner-Occupied CRE 8,765 8.0B 907,200 Constr.,
Slide 15: Premium Deposit Franchise
PREMIUM DEPOSIT FRANCHISE Total Deposits $57.6 Billion Deposits by Type Granular, Low-cost Core Deposit Base 1.4 million total deposit accounts ~1.1M consumer accounts with $18K average balance and over 10-year average relationship ~0.3M commercial accounts with $119K average balance and ~8-year ave
Slide 16: Credit
Credit
Slide 17: Asset Quality Metrics & Loan Loss Reserve
ASSET QUALITY METRICS & LOAN LOSS RESERVE For end note descriptions, see Earnings Presentation End Notes starting on slide 29.
Slide 18: Classified Asset Summary
$2.3B 3.2% of Assets CLASSIFIED ASSET SUMMARY (SUBSTANDARD & NONACCRUAL) For end note descriptions, see Earnings Presentation End Notes starting on slide 29. Investor CRE: WA LTV of 56% with >98% current; average balance of $6.0M OOCRE: WA LTV of 54% with >92% current; average balance of $1.0M C&I:
Slide 19: Minimal Exposure to NDFIs
MINIMAL EXPOSURE TO NDFIs – 3Q26 $0.8B 1.6% of loans NDFI % of Total Loans NDFI % of Total Capital 2nd lowest NDFI exposure among peers in terms of total loans and total capital Private Equity portfolio consists of capital call lines: 100% bank underwritten, 50% average advance rate Consumer credit
Slide 20: Capital
Capital Ga
Slide 21: Strong Capital Position and Returns
STRONG CAPITAL POSITION AND RETURNS For end note descriptions, see Earnings Presentation End Notes starting on slide 29. LTM net payout of 75% Key Highlights Since 3Q25 4.7% of shares repurchased 10% increase in dividend to $0.66 per share 7% growth in tangible book value per share(2)
Slide 22: Appendix
Appendix Ga
Slide 23: Core Values Guiding Principles
CORE VALUES GUIDING PRINCIPLES GREATER PURPOSE ~ We enable our team members to pursue their ultimate purpose in S » SouthState life—their personal faith, their family, their service to community. LOCAL MARKET LEADERSHIP Our business model supports the unique character of the communities we serve and
Slide 24: Population Migration to the South Continues
POPULATION MIGRATION TO THE SOUTH CONTINUES 24 For end note descriptions, see Earnings Presentation End Notes starting on slide 29.
Slide 25: AI at SouthState
GenAI Knowledge Assistant AI at SouthState Microsoft Copilot Adoption Internal Efficiencies Customer Experience Experimentation Chat interface for policy & procedure questions Launched in early 2025 Integrated in daily workflow 1.8K+ average questions answered per day Call prep for bankers (in pilot
Slide 26: High Quality Investment Portfolio
Dollars in billions, unless otherwise noted; data as of September 30, 2026; Amounts may not total due to rounding. For end note descriptions, see Earnings Presentation End Notes starting on slide 29. HIGH QUALITY INVESTMENT PORTFOLIO Type AFS HTM Type Balance Duration (yrs)(3,4) Balance Duration (yr
Slide 27: Non-GAAP Reconciliations (Unaudited)
NON-GAAP RECONCILIATIONS (UNAUDITED) Dollars in thousands, except per share data * Quarter-to-date tax equivalent net interest margin is annualized. Adjustments were applied consistently across all periods included in the 1 year, 5‑year and 20‑year averages.
Slide 28: Non-GAAP Reconciliations (Unaudited)
NON-GAAP RECONCILIATIONS (UNAUDITED) Dollars and weighted average commons share outstanding in thousands, except per share data * Quarter-to-date return on average tangible common equity, adjusted return on average assets, and average tangible common equity are annualized. Adjustments were applied c
Slide 29: End Notes
EARNINGS PRESENTATION END NOTES Slide 2 End Notes Financial data as of September 30, 2026; Market data as of October 20, 2026 Slide 3 End Notes Source: S&P Global Market Intelligence, Company Filings; Depository data as of June 30, 2026 and includes all MSAs in each region. Note: Regional bank marke
Slide 30: End Notes
EARNINGS PRESENTATION END NOTES Slide 9 End Notes * : Annualized percentages † : Where only one figures is presented, reported and adjusted results are equal or differences are not meaningful due to rounding; for adjusted results, see reconciliation of GAAP to Non-GAAP measures in Appendix. a. Adjus
Slide 31: End Notes
EARNINGS PRESENTATION END NOTES Slide 18 End Notes Weighted average LTVs exclude loans on non-accrual. Slide 19 End Notes Note: Peers as disclosed in the most recent proxy statement, excluding acquired companies (CADE, CMA, SNV, WBS) Slide 21 End Notes Preliminary The tangible measures are non-GAAP
Slide 32: Forward-Looking Statements
This presentation contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of management of SouthState Bank Corporation (“SouthState”) and are subject to significant risks and un
Slide 33: SouthState
S SouthState