This bank holding company is expected to post quarterly earnings of $1.53 per share in its upcoming report, which represents a year-over-year change of -6.1%. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 24. On the other hand, if they miss, the stock may move lower. Revenues are expected to be $419.25 million, down 4.5% from the year-ago quarter. Investors should keep in mind that an aggregate change may not alway ...

WINTER HAVEN, Fla., July 8, 2024 /PRNewswire/ -- SouthState Corporation (NYSE: SSB) ("SouthState") announced today that it will release second quarter 2024 earnings results on Wednesday, July 24, 2024, after the market closes. Upon release, investors may access a copy of SouthState's earnings results at the Company's website at www.SouthStateBank.com under Investor Relations, News, News & Market Data section. Alternatively, individuals may listen to the live webcast of the presentation by visiting the link ...

NEW YORK, July 1, 2024 /PRNewswire/ -- Affiliates of Cantor Fitzgerald, L.P., ("Cantor Fitzgerald"), a leading global financial services firm and real assets investment company, and Silverstein Properties ("Silverstein"), a leading global full-service real estate development, investment, and management firm, announced that they have entered into a joint venture with Turnbull Development, LLC, a Charleston-based development firm. The venture intends to develop a mixed-use project encompassing 365 garden-styl ...

WINTER HAVEN, Fla., June 10, 2024 /PRNewswire/ -- SouthState Bank has announced the addition of seven new commercial and private bankers in its growing Georgia market. "With our forward-thinking technology and client-focused approach, SouthState continues to offer our business customers big-bank products with high-touch service. These new additions bring further skill and initiative to their respective markets, and we look forward to their contributions," said Richard Murray, SouthState president. SouthStat ...

SouthState Corporation (SSB) entered into a merger agreement to acquire Independent Bank Group, Inc. (IBTX) in an all-stock transaction valued at approximately $2 billion. Independent Bank is headquartered in McKinney, TX, and had $18.9 billion in total assets, $15.7 billion in total deposits and $14.6 billion in total loans as of Mar 31, 2024. Upon completion of the acquisition, the combined company will have pro forma total assets of $65 billion, deposits of $55 billion, gross loans of $48 billion and a m ...

WINTER HAVEN, Fla. and MCKINNEY, Texas, May 20, 2024 /PRNewswire/ -- SouthState Corporation (NYSE: SSB) ("SouthState") and Independent Bank Group, Inc. (NASDAQ: IBTX) ("Independent Bank Group") jointly announced today that they have entered into a definitive agreement under which SouthState will acquire Independent Bank Group, in an all-stock transaction valued at approximately $2 billion. SouthState Corporation and Independent Bank Group, Inc. have entered into a definitive agreement that will create a $65 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-12669 SOUTHSTATE CORPORATION (Exact name of registrant as specified in its charter) South Carolina 57-0799315 ...

• Deposits increased $130 million, or 1% annualized • Repurchased a total of 100,000 shares during 1Q 2024 at a weighted average price of $79.85 • Net charge-offs of $2.7 million, or 0.03% annualized; Provision for Credit Losses ("PCL"), including release for unfunded commitments, of $12.7 million; total allowance for credit losses ("ACL") plus reserve for unfunded commitments of 1.60% • Efficiency ratio of 58% and adjusted efficiency ratio (non-GAAP)(1) of 56% NET INTEREST MARGIN (1) Net Interest Income ex ...

Financial Data and Key Metrics Changes - The net interest margin (NIM) decreased to 3.41%, at the lower end of guidance, while non-interest income to average assets was 64 basis points, exceeding guidance [89] - Deposit costs increased by 14 basis points to 1.74%, which was 2 basis points less than the previous quarter's increase [89] - Loan yields increased by 8 basis points, with cumulative deposit beta at 33% and cumulative loan beta at 37% [89] Business Line Data and Key Metrics Changes - Non-interest income increased by $6 million, driven by better mortgage revenue and lower interest on swap variation margin collateral [91] - The provision for credit losses was $12.7 million, with net charge-offs at $2.7 million, leading to a total reserve growth to 1.6% [94] - The construction development portfolio decreased significantly by approximately $500 million, with unfunded commitments around $2 billion [44][46] Market Data and Key Metrics Changes - Rental rates in the company's markets increased significantly: 16% for office, 21% for multifamily, and 38% for industrial, compared to lower increases outside these markets [83] - The commercial loan pipeline grew by 33% since November, primarily in the C&I sector, indicating a recovery from previous declines [20][81] Company Strategy and Development Direction - The company aims for flexibility and optionality in capital management, maintaining a strong capital position to be opportunistic in various economic scenarios [87] - The correspondent division expanded with a new team specializing in the packaging and sale of government-guaranteed portions of SBA loans, indicating a strategic focus on enhancing fee income [85] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the economic environment, noting that while rising interest rates are pressuring debt service coverage ratios, the Southeast market is benefiting from net migration [83][84] - The company does not foresee significant losses in the loan portfolio based on current forecasts, despite some migration into substandard categories [95] Other Important Information - The company repurchased 100,000 shares during the quarter, maintaining healthy capital ratios [96] - The CET1 capital ratio is approximately 12%, indicating a strong capital position relative to peers [86] Q&A Session Summary Question: What are the expectations for NIM given the recent rate cut forecasts? - Management indicated that NIM for 2024 is expected to range between 3.40% and 3.50%, with adjustments based on the revised rate cut forecast [102] Question: How is the competitive landscape affecting borrower demand? - Borrower demand has increased, with a notable recovery in the commercial loan pipeline, particularly in the C&I sector [20] Question: What is the outlook for fee income in the mortgage and correspondent banking sectors? - Fee income was strong in the last quarter, and management expects continued improvement, particularly in mortgage revenue [40]

Exhibit 99.1 SouthState Corporation Reports First Quarter 2024 Results Declares Quarterly Cash Dividend FOR IMMEDIATE RELEASE Media Contact Jackie Smith, 803.231.3486 WINTER HAVEN, FL – April 25, 2024 – SouthState Corporation (NYSE: SSB) today released its unaudited results of operations and other financial information for the three-month period ended March 31, 2024. "In the midst of a transition year for the US economy, SouthState produced first quarter revenue and earnings per share in line with our guida ...