SouthState Q2 FY26 EPS rises 11% to $2.35; net income climbs to $230 million

Reuters2026/07/23 20:53

By:Reuters

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SouthState posted Q2 net income of USD 230 million, lifting GAAP diluted EPS 11% to USD 2.35 from a year earlier.
Net interest income rose 3% to USD 576 million versus the prior quarter, while net interest margin held at 3.78%.
Loans climbed USD 1.4 billion, or 11%, from the prior quarter; deposits increased USD 474 million, or 3%, with a 90% loan-to-deposit ratio.
Net charge-offs were USD 8 million, or 0.06% of average loans; noninterest income slipped USD 3 million to USD 97 million versus the prior quarter.
Board raised the quarterly cash dividend to USD 0.66 a share from USD 0.60; management cited progress on growth, hiring, repurchases, AI capabilities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SouthState Bank Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202607231618PR_NEWS_USPR_____CL11246) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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SouthState Q2 FY26 EPS rises 11% to $2.35; net income climbs to $230 million

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