SouthState Bank Corp Earnings Per Share Disclosure
Note 13—Earnings Per Common Share
The following table sets forth the computation of basic and diluted earnings per common share:
Year Ended December 31, |
| |||||||||
(Dollars and shares in thousands, except for per share amounts) |
| 2025 | 2024 | 2023 |
| |||||
Basic earnings per common share: | | | | | | |||||
Net income | $ | 798,667 | $ | 534,783 | $ | 494,308 | ||||
Weighted-average basic common shares | 101,043 | 76,303 | 76,051 | |||||||
Basic earnings per common share | $ | 7.90 | $ | 7.01 | $ | 6.50 | ||||
Diluted earnings per common share: | ||||||||||
Net income | $ | 798,667 | $ | 534,783 | $ | 494,308 | ||||
Weighted-average basic common shares | 101,043 | 76,303 | 76,051 | |||||||
Effect of dilutive securities | 456 | 459 | 429 | |||||||
Weighted-average dilutive shares | 101,499 | 76,762 | 76,480 | |||||||
Diluted earnings per common share | $ | 7.87 | $ | 6.97 | $ | 6.46 | ||||
The calculation of diluted earnings per common share excludes outstanding stock options for which the results would have been antidilutive under the treasury stock method as follows:
Year Ended December 31, |
| ||||||||||||||||||
| 2025 | 2024 | 2023 |
| |||||||||||||||
Number of shares | — | | 56,206 | | 57,169 |
| |||||||||||||
Range of exercise prices | $ | — | to | $ | — | $ | 91.05 | to | $ | 91.35 | $ | 87.30 | to | $ | 91.35 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 20, 2026 | Showing above |
| 2024 | Feb 21, 2025 | |
| 2023 | Mar 4, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 21, 2020 | |
| 2018 | Feb 22, 2019 | |
| 2017 | Feb 23, 2018 | |
| 2016 | Feb 24, 2017 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.