SouthState Bank Corp

Listed Company

SSBCIK 0000764038NYSELarge AcceleratedState Commercial BanksFloridaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$798.67M

Total Assets

$67.20B

Equity

$9.06B

Shares Out

97.67M

Op. Cash Flow

$300.85M

+ 13F Filer

Business

SouthState Bank Corp is a financial holding company that provides commercial and consumer banking services through its wholly owned bank subsidiary. It offers lending (commercial real estate, residential, C&I, consumer), deposit and treasury products, mortgage origination and servicing, wealth management, capital markets and correspondent services, broker-dealer and investment advisory services, factoring/receivables management, and a captive insurance vehicle. Key operating units include the Bank, a correspondent banking and capital markets division, SouthState|DuncanWilliams (broker-dealer), SouthState Advisory, Corporate Billing, and investment subsidiaries. The company distributes services through a regional branch network in six southeastern states, online/mobile/telephone channels, and a nationwide correspondent client base.

Summary from filing dated 2025-02-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans, including fees	3,002	1,926	1,716	1,178	991
Taxable	260	155	163	150	77
Tax-exempt	27	23	23	22	11
Federal funds sold, securities purchased under agreements to resell and interest-bearing deposits with banks	91	37	42	47	7
Total interest income	3,379	2,141	1,944	1,397	1,085
Deposits	995	672	440	37	33
Federal funds purchased and securities sold under agreements to repurchase	20	20	16	5	1
Corporate and subordinated debentures	60	24	24	19	17
Other borrowings	648,000	10	12	573,000	44,000
Total interest expense	1,076	726	492	61	—
Net interest income	2,303	1,415	1,453	1,336	1,033
Provision for credit losses	120	16	114	82	−165
Net interest income after provision for credit losses	2,184	1,399	1,339	1,254	1,198
Securities (losses) gains, net	−229	−50,000	43,000	30,000	102,000
Gain on sale-leaseback, net of transaction costs	229	—	—	—	—
Other income	55	52	42	33	28
Total noninterest income	378	302	287	309	354
Salaries and employee benefits	798	607	583	555	552
Occupancy expense	160	90	89	90	92
Information services expense	121	92	84	80	74
OREO and loan related expense	10	5	2	369,000	2
Amortization of intangibles	95	22	28	33	35
Supplies, printing and postage expense	14	11	11	10	10
Professional fees	22	16	19	15	11
FDIC assessment and other regulatory charges	41	31	33	23	18
FDIC special assessment	−4	4	26	—	—
Advertising and marketing	13	9	9	9	8
Merger, branch consolidation, severance-related, and other expense	118	20	13	31	67
Other expense	133	94	98	84	67
Total noninterest expense	1,521	1,001	995	930	948
Income before provision for income taxes	1,040	700	631	633	604
Provision for income taxes	242	165	137	137	129
Net income	799	535	494	496	476
Basic (in dollars per share)	7.9	7.01	6.5	6.65	6.76
Diluted (in dollars per share)	7.87	6.97	6.46	6.6	6.71
Basic (in shares)	101	76	76	75	70
Diluted (in shares)	101	77	76	75	71

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	583	526	511	548	477
Federal funds sold and interest-earning deposits with banks	2,287	594	236	580	6,019
Deposits in other financial institutions (restricted cash)	302	273	252	184	226
Total cash and cash equivalents	3,172	1,392	999	1,313	6,722
Trading securities, at fair value	110	103	31	31	78
Securities held to maturity (fair value of $1,732,850 and $1,834,527)	2,000	2,255	2,487	2,683	—
Securities available for sale, at fair value	6,314	4,321	4,784	5,327	—
Other investments	353	224	192	180	161
Total investment securities	8,715	6,799	7,464	8,190	7,174
Loans held for sale	345	279	51	29	192
Total loans	48,599	33,903	32,388	30,178	—
Less allowance for credit losses	−585	−465	−457	−356	−302
Loans, net	48,013	33,438	31,932	29,821	—
Premises and equipment, net	994	503	519	521	558
"Bank owned life insurance (""BOLI"")"	1,294	1,013	991	965	783
Deferred tax assets	113	180	164	178	65
Derivatives assets	223	161	173	211	415
Mortgage servicing rights	84	90	85	87	66
Core deposit and other intangibles	386	66	89	116	128
Goodwill	3,100	1,900	1,900	1,900	1,581
Other assets	653	434	480	516	439
Total assets	67,197	46,381	44,902	43,919	41,838
Noninterest-bearing	13,376	10,192	10,649	13,169	11,499
Interest-bearing	41,770	27,869	26,400	23,182	23,556
Total deposits	55,146	38,061	37,049	36,351	35,055
Federal funds purchased	307	260	248	214	381
Securities sold under agreements to repurchase	311	255	241	343	400
Corporate and subordinated debentures	697	392	392	392	327
Reserve for unfunded commitments	70	45	56	67	31
Derivative liabilities	555	880	804	1,034	289
Other liabilities	1,053	598	478	443	553
Total liabilities	58,138	40,491	39,369	38,844	37,036
Common stock - $2.50 par value; authorized 160,000,000 shares; 99,138,204 and 76,322,206 shares issued and outstanding, respectively	248	191	190	189	173
Surplus	6,480	4,260	4,240	4,216	3,653
Retained earnings	2,614	2,047	1,685	1,347	998
Accumulated other comprehensive loss	−283	−607	−583	−677	−21
Total shareholders' equity	9,059	5,890	5,533	5,075	4,803
Total liabilities and shareholders' equity	67,197	46,381	44,902	43,919	41,838

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income	799	535	494	496	476
Depreciation and amortization	158	57	59	65	63
Deferred income taxes	118	−11	2	124	68
(Gains) losses on sale of securities, net	229	50,000	−43,000	−30,000	−102,000
Share-based compensation expense	37	28	36	36	26
Accretion of discount related to acquired loans	−259	−14	−21	−36	−30
Losses (gains) on disposal of premises and equipment	148,000	−19,000	66,000	3	856,000
Impairment of lease right of use asset	4	—	—	—	—
Gains on sale of bank properties held for sale and repossessed real estate	−245	−1	−2	−4	−2
Net amortization of premiums and discounts on investment securities	11	19	20	27	38
Bank properties held for sale and repossessed real estate write downs	6	255,000	2	273,000	2
Premises and equipment write downs	1	—	—	—	—
Fair value adjustment for loans held for sale	1	69,000	−833,000	6	7
Originations and purchases of loans held for sale	−2,101	−1,842	−881	−1,412	−3,045
Proceeds from sales of loans held for sale	1,172	1,246	863	1,566	3,209
Gains on sales of loans held for sale	−21	−25	−4	3	−72
Increase in cash surrender value of BOLI	−36	−28	−25	−23	−18
Accrued interest receivable	−10	−9	−20	−33	17
Prepaid assets	7	−8	2	−3	−1
Operating leases	7	72,000	322,000	142,000	2
Bank owned life insurance	−4	−3	−2	−1	−202,000
Trading securities	826	282	−57,000	46	−35
Derivative assets	−55	11	38	208	399
Miscellaneous other assets	−41	6	−6	147,000	−79
Accrued interest payable	−30	−16	51	3	−4
Accrued income taxes	−60	52	63	−17	−54
Derivative liabilities	−333	75	−230	742	−516
Miscellaneous other liabilities	−872,000	141	−6	−144	119
Net cash provided by operating activities	301	512	547	1,731	416
Proceeds from sales of investment securities available for sale	2,874	2	130	482	151
Proceeds from maturities and calls of investment securities held to maturity	202	228	191	230	105
Proceeds from maturities and calls of investment securities available for sale	3,842	512	591	576	805
Proceeds from sales and redemptions of other investment securities	45	145	214	13	2
Purchases of investment securities available for sale	−6,945	−97	−80	−1,382	−2,942
Purchases of other investment securities	−117	−140	−227	−20	−2
Net increase in loans	−1,471	−1,541	−2,234	−3,855	745
Net cash received from acquisitions	1,041	—	—	—	—
Net cash paid for acquisition of customer list	−279,000	—	—	—	—
Recoveries of loans previously charged off	17	17	16	19	14
Purchase of bank owned life insurance	—	—	−6	−86	−206
Purchases of premises and equipment	−70	−36	−39	−18	−28
Proceeds from redemption and payout of bank owned life insurance policies	11	9	6	3	307,000
Proceeds from sale of bank properties held for sale and repossessed real estate	590	15	12	21	43
Proceeds from sale of premises and equipment	997,000	373,000	856,000	6	8
Net cash provided by (used in) investing activities	21	−886	−1,426	−4,860	−2,319
Net increase in deposits	1,879	1,013	700	−1,780	4,368
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase and other short-term borrowings	103	26	−67	−225	2
Proceeds from borrowings	1,045	4,000	6,050	—	25
Repayment of borrowings	−1,105	−4,100	−5,950	−13	−101
Common stock issuance	5	3	3	3	2
Common stock repurchases	−236	−17	−16	−119	−147
Dividends paid	−231	−163	−156	−147	−135
Excess tax paid on repurchases of corporate stock	−2	—	—	—	—
Stock options exercised	472,000	6	3	2	3
Net cash provided by financing activities	1,459	767	566	−2,280	4,016
Net increase (decrease) in cash and cash equivalents	1,780	393	−314	−5,409	2,112
Interest	1,106	742	441	67	55
Income taxes	170	111	75	35	126
Recognition of operating lease assets in exchange for lease liabilities	440	11	1	13	10
Pooling of interest only strips into trading securities	20	—	—	—	—
Creation of interest only strips from pooling of SBA loans held for sale	83	—	—	—	—
Pooling of SBA loans held for sale into trading securities	813	354	—	—	—
Fair value of tangible assets acquired	16,553	—	—	3,501	35
Other intangible assets acquired	415	—	—	21	—
Liabilities assumed	15,666	—	—	3,206	2
Net identifiable assets acquired over liabilities assumed	1,171	—	—	342	16
Common stock issued in acquisition	2,473	—	—	660	—
Real estate transferred from premises and equipment to premises held for sale related to the sale-leaseback transaction	230	—	—	—	—
Real estate acquired in full or in partial settlement of loans	33	6	4	2	4

Filings

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Holdings (13F)

Portfolio as of 2026-01-14 · 1,087 positions

Reported AUM

$1.26B

Holdings

1.1K

Top sector

$1.26B

Top sectors

Sector	Value	% of portfolio
Uncategorized	$1.26B	100.0%

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Frequently asked questions

What is SouthState Bank Corp's CIK number?

SouthState Bank Corp's SEC CIK number is 0000764038 (764038). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find SouthState Bank Corp's SEC filings?

All of SouthState Bank Corp's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did SouthState Bank Corp last report earnings?

SouthState Bank Corp (SSB) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-047690). This is SouthState Bank Corp's most recent earnings filing of record — not a forecast of its next earnings date.

What is SouthState Bank Corp's most recent earnings 8-K?

SouthState Bank Corp's latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0001104659-26-047690. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View SouthState Bank Corp's latest earnings 8-K →
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