SouthState Q3 EPS $2.30, Loans and Deposits Up 9% Annualized, Dividend Raised to $0.66
SSB sits 22% above its 52-week low of $84.475.
Summary
SouthState earned $2.30 per diluted share in Q3 on $223.8M of net income, down modestly from Q2, while loans and deposits each grew about 9% annualized and the dividend was raised to $0.66 per share.
Key Events · Earnings and Guidance · SSB
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Q3 EPS $2.30, Net Income $223.8M
Diluted EPS of $2.30 versus $2.35 in Q2; net income $223.8M versus $230.0M. Return on average assets 1.29% and return on average tangible common equity 16.60%.
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Loans and Deposits Grow 9% Annualized
Loans rose $1.2B to $52.1B and deposits rose $1.3B to $57.6B sequentially. Net interest income was $591.5M, up $16M (3%), with NIM at 3.77% (3.78% tax equivalent).
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Accretion Tailwind Keeps Fading
Loan accretion income fell to $27M from $33M in Q2 and $83M a year ago; remaining discount to accrete is $159.3M, so the margin loses this support over time.
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Expenses Up on Merit and Hiring
Noninterest expense rose $17M to $374.8M on July 1 merit increases, revenue-producer hires and higher incentive accruals; efficiency ratio 52% versus 50% in Q2.
Analysis · SSB · Finance
SouthState's Q3 was steady but slower: net income of $223.8M ($2.30 per diluted share) versus $230.0M ($2.35) in Q2, with return on average assets easing to 1.29% from 1.36%. The core franchise still grew — loans and deposits each up about 9% annualized — and the net interest margin held at 3.77%, but that margin is propped up by purchase-accounting accretion that keeps shrinking ($27M this quarter versus $83M a year ago), so the underlying spread is thinner than the headline suggests. Noninterest expense rose $17M on merit increases and new revenue-producer hires, pushing the efficiency ratio to 52% from 50%. Credit remains clean at 9 bps of net charge-offs. The board raised the quarterly dividend to $0.66 from $0.60, and the company bought back 250,000 shares at an average $104.45, continuing the capital-return program that has retired nearly 5% of shares over the past year.
How filings like this one have moved
In the 30 days to Oct 21, 2026, 28.9% of the 1511 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.54%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SSB was trading at $102.78 on NYSE in the Finance sector, with a market capitalization of approximately $10B. The 52-week trading range was $84.48 to $112.20. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.