SouthState Reports Solid Q2: $2.35 EPS, 11% Loan Growth, Dividend Hike to $0.66

summarizeSummary

SouthState Bank Corp reported Q2 2026 net income of $230 million, or $2.35 per diluted share, driven by robust loan growth and stable credit. The board increased the quarterly dividend by 10% to $0.66 per share, and the company repurchased 1 million shares during the quarter.

check_boxKey Events · Earnings and Guidance · SSB

• Q2 Earnings Beat

  Net income of $230 million, or $2.35 diluted EPS, up 11% year-over-year on a reported basis. Return on average assets was 1.36% and return on average tangible common equity was 17.62%.

• Strong Loan and Deposit Growth

  Loans increased $1.4 billion (11% annualized) and deposits grew $474 million (3% annualized). The loan-to-deposit ratio ended the quarter at 90%.

• Dividend Increase

  The board raised the quarterly cash dividend 10% from $0.60 to $0.66 per share, payable August 14, 2026 to shareholders of record August 7, 2026.

• Active Share Repurchases

  The company repurchased 1 million shares during the quarter, contributing to a 4.8% reduction in shares outstanding over the past year.

auto_awesomeAnalysis · SSB · Finance

SouthState delivered a clean quarter with $230 million in net income and $2.35 diluted EPS, up 11% year-over-year on a reported basis. Loan growth accelerated to 11% annualized, deposits grew 3%, and credit quality remained benign with net charge-offs of just 6 basis points. The board raised the dividend 10% to $0.66 per share, signaling confidence in earnings durability. Tangible book value per share rose 13% year-over-year to $58.72, supported by active share repurchases that retired nearly 5% of the share count over the past year. The results reinforce the bank's ability to generate strong returns in a stable rate environment, though the net interest margin compressed slightly to 3.78% from 4.02% a year ago as funding costs normalized.