South State (US:SSB) Prnewswire·2026-01-22 21:05Core Insights - SouthState Bank Corporation reported strong financial performance for the fourth quarter of 2025, with a 30% increase in earnings per share and an 8% annualized growth in loans and deposits [1][4]. Financial Performance - Reported diluted earnings per share (EPS) of $2.46, a 32% increase year over year; adjusted diluted EPS of $2.47, up 28% year over year [4]. - Net income reached $247.7 million; adjusted net income was $248.2 million [4]. - Return on average common equity was 10.9%; return on average tangible common equity was 19.1% [4][7]. - Return on average assets (ROAA) was 1.47%; adjusted ROAA was 1.48% [4][7]. - Net interest income totaled $581 million, a decrease of $19 million or 3% compared to the prior quarter [4][5]. - Noninterest income was $105.8 million, an increase of $7 million from the previous quarter [4][5]. Balance Sheet Highlights - Total assets amounted to $67.2 billion, with total loans net of allowance for credit losses at $48.0 billion [9]. - Total deposits increased by $1.1 billion, or 8%, to $55.1 billion [4][9]. - The ending loan-to-deposit ratio was 88% [4]. - Book value per share was $91.38, and tangible book value per share was $56.27, reflecting a 10% year-over-year increase [4][7]. Capital Management - The company repurchased 2 million shares during the quarter and authorized a new share repurchase plan of 5.56 million shares [1][4]. - The Board declared a quarterly cash dividend of $0.60 per share, payable on February 13, 2026 [4][7]. - Strong capital position with tangible common equity ratio of 8.8% and total risk-based capital ratio of 13.8% [4][7]. Operational Efficiency - The efficiency ratio was reported at 50%, indicating effective cost management [4][7]. - Net interest margin (NIM) was 3.85% on a non-tax equivalent basis [4][10]. Future Outlook - The CEO expressed confidence in the company's growth trajectory heading into 2026, citing a full pipeline of opportunities [1].