SouthState Bank Corp (SSB) financial statements: income statement, balance sheet and cash flow
SouthState Bank Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), SouthState Bank Corp reported net income of $798.7M (+49.3% year on year).
Income statement
SouthState Bank Corp income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Loans, including fees
$3.0B
$1.9B
$1.7B
$1.2B
Taxable
$260.1M
$155.5M
$162.9M
$149.8M
Tax-exempt
$26.6M
$22.9M
$23.5M
$22.4M
Federal funds sold, securities purchased under agreements to resell and interest-bearing deposits with banks
$91.2M
$37.1M
$41.6M
$46.8M
Total interest income
$3.4B
$2.1B
$1.9B
$1.4B
Deposits
$995.0M
$671.8M
$440.3M
$37.0M
Federal funds purchased and securities sold under agreements to repurchase
$20.2M
$20.3M
$15.6M
$4.5M
Corporate and subordinated debentures
$60.3M
$23.9M
$23.6M
$19.3M
Other borrowings
$648.0K
$9.9M
$12.3M
$573.0K
Total interest expense
$1.1B
$725.9M
$491.8M
$61.4M
Net interest income
$2.3B
$1.4B
$1.5B
$1.3B
Provision for credit losses
$119.8M
$16.0M
$114.1M
$81.9M
Net interest income after provision for credit losses
$2.2B
$1.4B
$1.3B
$1.3B
Noninterest income
$322.0M
$250.5M
$244.8M
$279.4M
Securities (losses) gains, net
($228.8M)
($50.0K)
$43.0K
$30.0K
Gain on sale-leaseback, net of transaction costs
$229.3M
—
—
—
Other income
$55.3M
$51.9M
$42.0M
$29.8M
Total noninterest income
$377.7M
$302.3M
$286.9M
$309.2M
Salaries and employee benefits
$797.8M
$606.9M
$583.4M
$554.7M
Occupancy expense
$160.4M
$90.1M
$88.7M
$89.5M
Information services expense
$120.9M
$92.2M
$84.5M
$79.7M
OREO and loan related expense
$10.4M
$4.7M
$1.7M
$369.0K
Amortization of intangibles
$94.7M
$22.4M
$27.6M
$33.2M
Supplies, printing and postage expense
$14.0M
$10.6M
$10.6M
$9.6M
Professional fees
$21.8M
$16.4M
$18.5M
$15.3M
FDIC assessment and other regulatory charges
$41.0M
$31.2M
$33.1M
$23.0M
FDIC special assessment
($3.8M)
$3.9M
$25.7M
—
Advertising and marketing
$13.0M
$9.1M
$9.5M
$8.9M
Merger, branch consolidation, severance-related, and other expense
$117.8M
$20.1M
$13.2M
$30.9M
Other expense
$133.1M
$94.0M
$98.2M
$84.5M
Total noninterest expense
$1.5B
$1.0B
$994.6M
$929.7M
Income before provision for income taxes
$1.0B
$700.2M
$630.9M
$633.4M
Provision for income taxes
$241.5M
$165.5M
$136.5M
$137.3M
Net income
$798.7M
$534.8M
$494.3M
$496.0M
Basic (in dollars per share)
$7.90
$7.01
$6.50
$6.65
Diluted (in dollars per share)
$7.87
$6.97
$6.46
$6.60
Basic (in shares)
101.0M
76.3M
76.1M
74.6M
Diluted (in shares)
101.5M
76.8M
76.5M
75.2M
SouthState Bank Corp income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Loans, including fees
$744.7M
$721.6M
$782.4M
$746.4M
Taxable
$73.1M
$72.3M
$69.5M
$68.1M
Tax-exempt
$8.3M
$7.2M
$6.5M
$6.1M
Federal funds sold, securities purchased under agreements to resell and interest-bearing deposits with banks
$12.2M
$15.8M
$23.3M
$19.8M
Total interest income
$838.3M
$816.8M
$881.7M
$840.5M
Deposits
$244.2M
$238.5M
$257.3M
$241.6M
Federal funds purchased and securities sold under agreements to repurchase
$4.1M
$4.2M
$5.2M
$5.4M
Corporate and subordinated debentures
$12.5M
$12.5M
$19.5M
$15.6M
Other borrowings
$1.5M
—
—
—
Total interest expense
$262.3M
$255.2M
$282.0M
$262.6M
Net interest income
$575.9M
$561.6M
$599.7M
$577.9M
Provision for credit losses
$15.9M
$10.8M
$5.1M
$7.5M
Net interest income after provision for credit losses
$560.0M
$550.8M
$594.6M
$570.4M
Noninterest income
$83.7M
$87.1M
$85.1M
$74.4M
Other income
$13.0M
$13.0M
$14.0M
$12.4M
Total noninterest income
$96.7M
$100.1M
$99.1M
$86.8M
Salaries and employee benefits
$205.4M
$205.7M
$199.1M
$200.2M
Information services expense
$29.1M
$29.7M
$29.0M
$30.2M
OREO and loan related expense
$952.0K
$4.4M
$5.4M
$2.3M
Occupancy expense
$43.9M
$42.3M
$40.9M
$41.5M
FDIC assessment and other regulatory charges
$10.8M
$10.3M
$8.4M
$11.5M
Supplies, printing and postage expense
$3.9M
$3.3M
$3.3M
$4.0M
Amortization of intangibles
$21.0M
$21.3M
$23.4M
$24.0M
Professional fees
$5.1M
$5.2M
$5.0M
$4.7M
Advertising and marketing
$3.8M
$3.3M
$3.0M
$3.0M
Other expense
$33.8M
$34.1M
$34.0M
$29.4M
Total noninterest expense
$357.7M
$359.5M
$372.3M
$375.1M
Income before provision for income taxes
$299.0M
$291.4M
$321.4M
$282.2M
Provision for income taxes
$69.0M
$65.6M
$74.7M
$67.0M
Net income
$230.0M
$225.8M
$246.6M
$215.2M
Basic (in dollars per share)
$2.36
$2.29
$2.44
$2.12
Diluted (in dollars per share)
$2.35
$2.28
$2.42
$2.11
Basic (in shares)
97.3M
98.5M
101.2M
101.5M
Diluted (in shares)
97.7M
98.9M
101.7M
101.8M
Balance sheet
SouthState Bank Corp balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and due from banks
$583.4M
$525.5M
$510.9M
$548.4M
Federal funds sold and interest-earning deposits with banks
$2.3B
$593.8M
$236.4M
$580.5M
Deposits in other financial institutions (restricted cash)
$302.2M
$272.8M
$251.5M
$183.7M
Total cash and cash equivalents
$3.2B
$1.4B
$998.9M
$1.3B
Trading securities, at fair value
$110.2M
$102.9M
$31.3M
$31.3M
Securities held to maturity (fair value of $1,732,850 and $1,834,527)
$2.0B
$2.3B
$2.5B
—
Securities available for sale, at fair value
$6.3B
$4.3B
$4.8B
$5.3B
Other investments
$353.4M
$223.6M
$192.0M
$179.7M
Total investment securities
$8.7B
$6.8B
$7.5B
$8.2B
Loans held for sale
$345.3M
$279.4M
$50.9M
$29.0M
Total loans
$48.6B
$33.9B
$32.4B
$30.2B
Less allowance for credit losses
($585.2M)
($465.3M)
($456.6M)
($356.4M)
Loans, net
$48.0B
$33.4B
$31.9B
$29.8B
Premises and equipment, net
$994.2M
$502.6M
$519.2M
$520.6M
Bank owned life insurance ("BOLI")
$1.3B
$1.0B
$991.5M
$964.7M
Deferred tax assets
$112.6M
$179.9M
$164.4M
$177.8M
Derivatives assets
$222.9M
$161.5M
$172.9M
$211.0M
Mortgage servicing rights
$84.0M
$89.8M
$85.2M
$86.6M
Core deposit and other intangibles
$386.3M
$66.5M
$88.8M
$116.5M
Goodwill
$3.1B
$1.9B
$1.9B
$1.9B
Other assets
$653.2M
$433.8M
$466.9M
$515.6M
Total assets
$67.2B
$46.4B
$44.9B
$43.9B
Noninterest-bearing
$13.4B
$10.2B
$10.6B
$13.2B
Interest-bearing
$41.8B
$27.9B
$26.4B
$23.2B
Total deposits
$55.1B
$38.1B
$37.0B
$36.4B
Federal funds purchased
$306.8M
$260.2M
$248.2M
$213.6M
Securities sold under agreements to repurchase
$311.4M
$254.7M
$241.0M
$342.8M
Corporate and subordinated debentures
$696.5M
$391.5M
$391.9M
$392.3M
Reserve for unfunded commitments
$69.6M
$45.3M
$56.3M
$67.2M
Derivative liabilities
$554.7M
$879.9M
$804.5M
$1.0B
Other liabilities
$1.1B
$598.3M
$478.1M
$443.1M
Total liabilities
$58.1B
$40.5B
$39.4B
$38.8B
Common stock - $2.50 par value; authorized 160,000,000 shares; 99,138,204 and 76,322,206 shares issued and outstanding, respectively
247.8M
190.8M
190.1M
189.3M
Surplus
$6.5B
$4.3B
$4.2B
$4.2B
Retained earnings
$2.6B
$2.0B
$1.7B
$1.3B
Accumulated other comprehensive loss
($283.4M)
($606.9M)
($582.5M)
($677.1M)
Total shareholders' equity
$9.1B
$5.9B
$5.5B
$5.1B
Total liabilities and shareholders' equity
$67.2B
$46.4B
$44.9B
$43.9B
SouthState Bank Corp balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and due from banks
$649.1M
$598.2M
$582.8M
$755.8M
Federal funds sold and interest-earning deposits with banks
$1.4B
$2.0B
$2.3B
$2.5B
Deposits in other financial institutions (restricted cash)
$326.3M
$296.3M
$275.9M
$243.3M
Total cash and cash equivalents
$2.4B
$2.9B
$3.1B
$3.5B
Trading securities, at fair value
$191.1M
$117.6M
$107.5M
$95.3M
Securities held to maturity (fair value of $1,641,042 and $1,732,850)
$2.0B
$2.0B
$2.1B
$2.1B
Securities available for sale, at fair value
$6.6B
$6.5B
$6.0B
$5.9B
Other investments
$367.0M
$370.9M
$366.2M
$357.5M
Total investment securities
$8.9B
$8.9B
$8.5B
$8.4B
Loans held for sale
$405.4M
$327.9M
$346.7M
$319.0M
Total loans
$50.8B
$49.5B
$47.7B
$47.3B
Less allowance for credit losses
($586.7M)
($585.9M)
($590.1M)
($621.0M)
Loans, net
$50.3B
$48.9B
$47.1B
$46.6B
Goodwill
$3.1B
$3.1B
$3.1B
$3.1B
Premises and equipment, net
$992.6M
$993.6M
$961.5M
$964.9M
Bank owned life insurance ("BOLI")
$1.3B
$1.3B
$1.3B
$1.3B
Deferred tax assets
$93.8M
$99.6M
$135.1M
$166.4M
Derivatives assets
$148.9M
$191.3M
$226.4M
$214.9M
Core deposit and other intangibles
$343.4M
$364.7M
$409.9M
$433.5M
Mortgage servicing rights
$91.4M
$90.0M
$84.5M
$85.8M
Other assets
$706.6M
$685.5M
$669.1M
$697.3M
Total assets
$68.9B
$68.0B
$66.0B
$65.9B
Noninterest-bearing
$13.5B
$13.7B
$13.4B
$13.7B
Interest-bearing
$42.9B
$42.2B
$40.6B
$40.0B
Total deposits
$56.3B
$55.9B
$54.1B
$53.7B
Federal funds purchased
$286.3M
$343.8M
$337.4M
$364.0M
Securities sold under agreements to repurchase
$283.2M
$299.6M
$256.7M
$266.5M
Corporate and subordinated debentures
$696.7M
$696.6M
$696.4M
$1.1B
Other borrowings
$300.0M
—
—
—
Reserve for unfunded commitments
$76.5M
$69.2M
$68.5M
$64.7M
Derivative liabilities
$606.7M
$562.4M
$561.7M
$612.3M
Other liabilities
$1.2B
$1.1B
$1.0B
$988.0M
Total liabilities
$59.8B
$58.9B
$57.0B
$57.1B
Common stock - $2.50 par value; authorized 160,000,000 shares; 96,971,142 and 99,138,204 shares issued and outstanding, respectively
242.4M
244.8M
252.7M
253.7M
Surplus
$6.2B
$6.3B
$6.6B
$6.7B
Retained earnings
$3.0B
$2.8B
$2.4B
$2.2B
Accumulated other comprehensive loss
($310.1M)
($326.1M)
($316.0M)
($372.1M)
Total shareholders' equity
$9.1B
$9.0B
$9.0B
$8.8B
Total liabilities and shareholders' equity
$68.9B
$68.0B
$66.0B
$65.9B
Cash flow statement
SouthState Bank Corp cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$798.7M
$534.8M
$494.3M
$496.0M
Depreciation and amortization
$157.6M
$56.7M
$58.8M
$64.6M
Provision for credit losses
$119.8M
$16.0M
$114.1M
$81.9M
Deferred income taxes
$117.8M
($10.9M)
$1.9M
$123.5M
(Gains) losses on sale of securities, net
$228.8M
$50.0K
($43.0K)
($30.0K)
Share-based compensation expense
$37.0M
$28.0M
$35.9M
$35.6M
Accretion of discount related to acquired loans
($258.6M)
($14.4M)
($20.8M)
($36.4M)
Losses (gains) on disposal of premises and equipment
$148.0K
($19.0K)
$66.0K
$2.9M
Impairment of lease right of use asset
$4.4M
—
—
—
Gains on sale of bank properties held for sale and repossessed real estate
($244.9M)
($1.4M)
($1.7M)
($4.5M)
Net amortization of premiums and discounts on investment securities
$11.0M
$19.3M
$20.1M
—
Bank properties held for sale and repossessed real estate write downs
$5.7M
$255.0K
$1.6M
$273.0K
Premises and equipment write downs
$1.2M
—
—
—
Fair value adjustment for loans held for sale
$1.5M
$69.0K
($833.0K)
$6.1M
Originations and purchases of loans held for sale
($2.1B)
($1.8B)
($881.0M)
($1.4B)
Proceeds from sales of loans held for sale
$1.2B
$1.2B
$863.5M
$1.6B
Gains on sales of loans held for sale
($21.5M)
($24.9M)
($3.5M)
$2.7M
Increase in cash surrender value of BOLI
($35.9M)
($27.6M)
($25.1M)
($23.1M)
Accrued interest receivable
($9.5M)
($9.0M)
($19.8M)
($32.8M)
Prepaid assets
$6.8M
($8.3M)
$2.0M
($3.1M)
Operating leases
$7.4M
$72.0K
$322.0K
$142.0K
Bank owned life insurance
($3.9M)
($2.8M)
($1.6M)
($1.3M)
Trading securities
$826.1M
$281.9M
($57.0K)
$46.4M
Derivative assets
($54.7M)
$11.4M
$38.1M
$207.7M
Miscellaneous other assets
($40.6M)
$5.9M
($6.3M)
$147.0K
Accrued interest payable
($30.0M)
($16.1M)
$50.6M
$2.6M
Accrued income taxes
($60.4M)
$52.1M
$62.5M
($17.2M)
Derivative liabilities
($332.8M)
$75.4M
($229.7M)
$741.6M
Miscellaneous other liabilities
($872.0K)
$140.6M
($6.5M)
($144.2M)
Net cash provided by operating activities
$300.8M
$512.0M
$546.8M
$1.7B
Proceeds from sales of investment securities available for sale
$2.9B
$1.9M
$129.6M
$482.0M
Proceeds from maturities and calls of investment securities held to maturity
$202.5M
$228.5M
$190.8M
$230.0M
Proceeds from maturities and calls of investment securities available for sale
$3.8B
$511.6M
$590.8M
$575.9M
Proceeds from sales and redemptions of other investment securities
$45.4M
$144.9M
$214.4M
$13.2M
Purchases of investment securities available for sale
($6.9B)
($96.8M)
($80.4M)
($1.4B)
Purchases of other investment securities
($117.4M)
($140.1M)
($226.7M)
($20.4M)
Net increase in loans
($1.5B)
($1.5B)
($2.2B)
($3.9B)
Net cash received from acquisitions
$1.0B
—
—
—
Net cash paid for acquisition of customer list
($279.0K)
—
—
—
Recoveries of loans previously charged off
$17.0M
$16.8M
$15.8M
$19.2M
Purchases of premises and equipment
($70.3M)
($35.8M)
($38.9M)
($17.7M)
Proceeds from redemption and payout of bank owned life insurance policies
$11.4M
$8.7M
$6.0M
$3.3M
Proceeds from sale of bank properties held for sale and repossessed real estate
$589.6M
$14.6M
$11.6M
$20.7M
Proceeds from sale of premises and equipment
$997.0K
$373.0K
$856.0K
$6.1M
Net cash provided by (used in) investing activities
$20.8M
($886.2M)
($1.4B)
($4.9B)
SouthState Bank Corp cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$455.8M
$225.8M
$550.9M
$304.3M
Depreciation and amortization
$75.7M
$38.6M
$116.1M
$75.0M
Provision for credit losses
$26.7M
$10.8M
$113.2M
$108.1M
Deferred income taxes
$27.2M
$24.7M
$102.7M
$83.8M
Share-based compensation expense
$19.0M
$9.3M
$28.4M
$18.9M
Accretion of discount related to acquired loans
($71.8M)
($38.8M)
($208.3M)
($125.3M)
Losses (gains) on disposal of premises and equipment
$845.0K
$212.0K
($112.0K)
($115.0K)
Gains on sale of bank properties held for sale and repossessed real estate
($2.2M)
($295.0K)
($234.2M)
($229.8M)
Net amortization of premiums and discounts on investment securities
$5.6M
$2.6M
$8.2M
$5.4M
Bank properties held for sale and repossessed real estate write downs
$4.6M
$3.9M
$5.3M
$266.0K
Fair value adjustment for loans held for sale
$247.0K
$1.1M
$1.0M
$433.0K
Originations and purchases of loans held for sale
($1.1B)
($537.9M)
($1.7B)
($1.2B)
Proceeds from sales of loans held for sale
$478.3M
$245.6M
$913.3M
$658.6M
Gains on sales of loans held for sale
($5.7M)
($3.6M)
($16.7M)
($11.5M)
Increase in cash surrender value of BOLI
($18.9M)
($9.4M)
($26.7M)
($17.5M)
Accrued interest receivable
($5.6M)
($6.6M)
($11.8M)
($3.8M)
Prepaid assets
($1.8M)
$2.1M
$5.1M
$7.0M
Operating leases
$3.9M
$2.1M
$4.7M
$2.8M
Bank owned life insurance
($245.0K)
($50.0K)
($3.4M)
($1.4M)
Trading securities
$471.4M
$278.4M
$642.3M
$514.8M
Derivative assets
$74.0M
$31.6M
($58.1M)
($46.7M)
Miscellaneous other assets
($64.8M)
($28.3M)
($26.6M)
$16.9M
Accrued interest payable
($14.0M)
($2.2M)
($31.1M)
($26.8M)
Accrued income taxes
$41.8M
($12.9M)
($64.7M)
($64.1M)
Derivative liabilities
$51.9M
$7.7M
($325.8M)
($275.3M)
Miscellaneous other liabilities
$119.9M
$54.6M
$23.7M
($40.9M)
Net cash provided by (used in) operating activities
$573.2M
$299.0M
$68.8M
($53.7M)
Proceeds from maturities and calls of investment securities held to maturity
$90.3M
$39.9M
$154.9M
$106.7M
Proceeds from maturities and calls of investment securities available for sale
$2.1B
$1.7B
$2.3B
$675.0M
Proceeds from redemption of other investment securities
$21.0K
—
—
—
Proceeds from sales and redemptions of other investment securities
$1.9M
$1.9M
$45.3M
$45.3M
Purchases of investment securities available for sale
($2.4B)
($2.0B)
($5.1B)
($3.5B)
Purchases of other investment securities
($14.3M)
($17.0K)
($117.4M)
($117.4M)
Net increase in loans
($2.2B)
($899.0M)
($570.7M)
($209.7M)
Recoveries of loans previously charged off
$7.8M
$3.9M
$13.1M
$7.7M
Purchases of premises and equipment
($29.9M)
($16.1M)
($53.7M)
($32.9M)
Proceeds from redemption and payout of bank owned life insurance policies
$1.5M
$692.0K
$9.8M
$3.5M
Proceeds from sale of bank properties held for sale and repossessed real estate
$25.5M
$4.2M
$555.5M
$464.8M
Proceeds from sale of premises and equipment
$65.0K
$34.0K
$997.0K
$972.0K
Net cash (used in) provided by investing activities
($2.5B)
($1.1B)
$1.1B
$1.4B
Net increase in deposits
$1.2B
$729.7M
$806.7M
$430.6M
Net (decrease) increase in federal funds purchased and securities sold under agreements to repurchase and other short-term borrowings