Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 ☐ 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 (State or other jurisdiction o ...

SouthState Corporation (NYSE:SSB) Q4 2023 Earnings Conference Call January 26, 2024 9:00 AM ET Company Participants Will Matthews - Chief Financial Officer John Corbett - Chief Executive Officer Steven Young - Chief Strategy Officer Conference Call Participants Catherine Mealor - KBW Stephen Scouten - Piper Sandler Michael Rose - Raymond James Brandon King - Truist Securities Samuel Varga - UBS Russell Gunther - Stephens Gary Tenner - D.A. Davidson Operator Hello, and welcome to the SouthState Corporation Q ...

DISCLAIMER SouthState cautions readers that forward-looking statements are subject to certain risks, uncertainties and assumptions that are difficult to predict with regard to, among other things, timing, extent, likelihood and degree of occurrence, which could cause actual results to differ materially from anticipated results. Such risks, uncertainties and assumptions, include, among others, the following: (1) economic downturn risk, potentially resulting in deterioration in the credit markets, inflation, ...

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 September 30, 2023 OR 1101 First Street South, Suite 202 Winter Haven, Florida 33880 (Address of principal executive offices) (Zip Code) (863) 293-4710 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Com ...

SouthState Corporation (NYSE:SSB) Q3 2023 Earnings Call Transcript October 27, 2023 9:00 AM ET Company Participants William Matthews - Chief Financial Officer John Corbett - Chief Executive Officer Steven Young - Chief Strategy Officer Conference Call Participants Stephen Scouten - Piper Sandler Catherine Mealor - KBW Michael Rose - Raymond James David Bishop - Hovde Group Brody Preston - UBS Operator Good morning, my name is Audra and I will be your conference operator today. At this time, I would like to ...

Earnings Call 2Q 2023 July 28, 2023 Statements included in this communication, which are not historical in nature are intended to be, and are hereby identified as, forward-looking statements for purposes of the safe harbor provided by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are based on, among other things, management's beliefs, assumptions, current expectations, estimates and projections about the financial services indust ...

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 June 30, 2023 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 ( ...

Financial Data and Key Metrics Changes - The company set aside $142 million in loan loss reserves, resulting in a total reserve of approximately $500 million, or 156 basis points of loans, up 30 basis points from a year ago [23][45][56] - Net interest income was $362 million, approximately equal to the reported figure for the third quarter of 2022, with a net interest margin (NIM) of 3.62%, down 31 basis points from Q1 [27][36] - The annualized loan growth rate for the first half of 2023 was 9%, with deposits growing at a 3.6% annualized rate [33][57] Business Line Data and Key Metrics Changes - Mortgage and wealth management segments performed solidly, maintaining levels similar to Q1, while non-interest income increased to $77 million, the best quarter since last year's second quarter [28][38] - The company observed a shift in deposits from demand deposit accounts (DDA) to money market accounts and CDs, with DDAs representing 31% of total deposits, down from 34% last quarter [26] Market Data and Key Metrics Changes - The Southeast region continues to show strong population and job growth, driving real estate values and new home construction, with SouthState operating in four of the six fastest-growing states in the country [24][35] - The company noted a mixed shift in deposits, with DDA levels moving towards pre-pandemic levels [26] Company Strategy and Development Direction - The company aims to maintain a conservative approach to loan growth, projecting slower growth in the back half of the year, particularly in residential loans due to higher mortgage rates [9][10][33] - The management emphasized a focus on relationship-based deposit funding and disciplined underwriting in high-growth markets as key strategies for success [44][86] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong capital position and reserves, which provide optionality as the economic cycle evolves [23][45] - The company anticipates that loan yields will continue to increase, driven by the Federal Reserve's rate policies and new loan production [13][14] Other Important Information - The company expects to see slower loan growth in the next couple of quarters, with risk-weighted asset growth anticipated to be lower than in Q2 [51] - Non-interest income was positively impacted by the interest rate swap business, which performed well despite a challenging fixed income environment [38] Q&A Session Summary Question: What are the expectations for loan yields moving into next year? - Management expects loan yields for the total portfolio to end between 5.5% and 5.75% by the end of Q4 2023, with no significant changes to NIM guidance [13][108] Question: How is the company managing deposit costs amid competition? - Management noted that deposit costs have increased but are in line with expectations, with a cumulative deposit beta of 22% this cycle [56][71] Question: What is the outlook for non-interest income? - Non-interest income is expected to stabilize at levels similar to Q1, with the second quarter's performance driven by interest rate swaps [38][76] Question: How does the company view potential M&A opportunities? - Management indicated a preference for partnering with banks that are 10% to one-third of SouthState's size, focusing on high-growth markets [86][96]

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 ☐ 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 (State or other jurisdiction of incorporation) (I ...

SouthState Corporation (NYSE:SSB) Q1 2023 Earnings Conference Call April 28, 2023 9:00 AM ET Company Participants Will Matthews – Chief Financial Officer John Corbett – Chief Executive Officer Steve Young – Chief Strategy Officer Conference Call Participants Catherine Mealor – KBW Kevin Fitzsimmons – D.A. Davidson Stephen Scouten – Piper Sandler Michael Rose – Raymond James Brody Preston – UBS Brandon King – Truist Securities David Bishop – Hovde Group Operator Hello, everyone, and welcome to the SouthState ...