WINTER HAVEN, Fla., Dec. 16, 2025 /PRNewswire/ -- SouthState Bank has achieved multiple national honors for banking excellence and workplace culture, earning recognition from Money, U.S. News and World Report, Financial Technology Report, and American Banker. Continue Reading SouthState Named Among America's Best Banks and Employers by Top Industry Rankings "We are honored to be recognized among the nation's top banks and workplaces—a testament to SouthState's unwavering commitment to excellence," said Rich ...

Core Viewpoint - TriCo Bancshares has declared a quarterly cash dividend of $0.36 per share, marking the 145th consecutive quarterly dividend, reflecting the company's financial stability and commitment to returning value to shareholders [1][6]. Company Overview - TriCo Bancshares, established in 1975, is headquartered in Chico, California, with nearly $10 billion in assets and a strong focus on customer service through its subsidiary, Tri Counties Bank [2]. - The bank offers a wide range of financial services, including consumer, small business, and commercial banking, along with online and mobile banking access [2]. Financial Performance - For the year 2024, TriCo Bancshares reported revenues of $428.6 million and a net income of $108.4 million [3][8]. - The company has shown positive trends in operating leverage and return on equity, with expectations to cross the $10 billion asset threshold by 2026 [4]. Recent Developments - The company opened a new branch in the West Portal neighborhood of San Francisco, enhancing access to personalized financial solutions for local businesses and residents [5]. - The recent dividend increase of $0.03, or 9.1%, from the previous quarter indicates the company's growth expectations and commitment to shareholder returns [6].

Core Insights - SouthState Bank Corporation reported a strong third quarter for 2025, with a 30% year-over-year increase in earnings per share, driven by successful integration of Independent Financial and growth in fee income and balance sheet [2][6] Financial Performance - Reported diluted earnings per share (EPS) of $2.42 and adjusted diluted EPS of $2.58, with net income of $246.6 million and adjusted net income of $262.7 million [6] - Return on average common equity was 11.0%, while return on average tangible common equity was 19.6%, and adjusted return on average tangible common equity was 20.8% [6][9] - Revenue for the quarter was $699 million, a 5% increase from the previous quarter, with net interest income of $600 million, up 4% [6][12] - Noninterest income reached $99.1 million, primarily due to increases in correspondent banking and capital markets income [6][13] Balance Sheet Highlights - Total assets amounted to $66.05 billion, with loans increasing by $401 million (3%) and deposits rising by $376 million (3%) [10][11] - The ending loan-to-deposit ratio was 88%, with total loan yield at 6.48%, up 0.15% from the prior quarter [6][12] - The company maintained a strong capital position with tangible common equity ratio of 8.8% and total risk-based capital ratio of 14.0% [6][9] Efficiency and Cost Metrics - The efficiency ratio was reported at 50%, with an adjusted efficiency ratio of 47% [6][9] - Total noninterest expense was $372.3 million, reflecting ongoing costs related to merger and consolidation activities [14]

Core Viewpoint - First National reported record adjusted earnings per share of $0.57 for Q2 2025, exceeding analyst estimates, but net interest income fell short of expectations, indicating mixed operational performance [1][2]. Financial Performance - Adjusted EPS (Non-GAAP) reached $0.57, surpassing the estimate of $0.50 and showing an 18.8% increase year-over-year from $0.48 [2]. - Revenue (Non-GAAP) was $22.4 million, slightly above the estimate of $22.3 million and a significant 57.7% increase from $14.2 million in Q2 2024 [2]. - Net interest margin improved to 3.95%, up from 3.40% in Q2 2024, reflecting better yields and careful deposit pricing [2][5]. - Efficiency ratio improved to 65.11%, a decrease from 70.64% in Q2 2024, indicating enhanced operational discipline [2][7]. - Return on average equity was 11.85%, up from 8.31% in the previous year [2]. Revenue Sources - The primary revenue source is net interest income, which is sensitive to interest rate movements, while noninterest income contributes through fees [4]. - Net interest income was reported at $18.5 million, falling short of the $22.3 million estimate, indicating challenges in revenue generation [1][6]. Loan and Deposit Growth - Net loans held for investment increased to $1.43 billion, a 46.1% rise year-over-year, primarily due to the Touchstone acquisition [8]. - Deposits reached $1.80 billion, up 42.5% year-over-year, but slightly decreased from the previous quarter, reflecting acquisition-driven growth [8]. Asset Quality - Nonperforming assets rose to $6.8 million, or 0.33% of total assets, indicating a slight increase from the previous quarter [9]. - The allowance for credit losses increased to $15.2 million, representing 1.05% of loans, signaling a cautious approach to potential loan losses [9]. Capital Strength - Total capital ratio was 12.89%, and common equity Tier 1 ratio was 11.81%, both above regulatory thresholds, indicating strong capital adequacy [10]. - Shareholders' equity climbed to $173.5 million, with tangible book value per share at $17.40, slightly down from $18.59 in Q2 2024 [10]. Shareholder Returns - The board approved a quarterly cash dividend of $0.155 per share, flat compared to the prior quarter but up 3.3% from $0.15 in Q2 2024 [12]. Future Outlook - Management did not provide explicit guidance for future quarters, focusing instead on completed integration efforts and cautious loan and deposit growth [13]. - Key areas to monitor include organic loan growth, sustainability of margin gains, and asset quality trends [14].

Core Insights - SouthState Corporation reported a strong financial performance for the second quarter of 2025, with revenue growth of 22% annualized and loan originations increasing by 57% quarter over quarter [2][4] - The company successfully completed the conversion of the IBTX franchise, which is expected to contribute positively to future growth [2] - The Board of Directors increased the quarterly cash dividend by 11%, raising it from $0.54 to $0.60 per share, payable on August 15, 2025 [3] Financial Performance - For the three months ended June 30, 2025, net interest income was $577.9 million, with a net interest margin of 4.02% [5][7] - Net income for the quarter was $215.2 million, with diluted earnings per share of $2.11 and adjusted diluted earnings per share of $2.30 [5][6] - The return on average common equity was 9.9%, while the return on average tangible common equity was 18.2% [5][6] Balance Sheet - Total assets as of June 30, 2025, were $65.9 billion, with total loans amounting to $47.3 billion [10][12] - Total deposits increased to $53.7 billion, reflecting a growth of $359 million or 3% from the previous quarter [5][12] - The company maintained a strong capital position with a Tier 1 common equity ratio of 11.2% and total risk-based capital ratio of 14.5% [5][6] Loan and Deposit Growth - Loans increased by $501 million, or 4%, during the quarter, while deposits rose by $359 million, or 3% [5][6] - The ending loan-to-deposit ratio was 88%, indicating a healthy balance between loans and deposits [5] - The loan portfolio included significant contributions from commercial real estate and consumer real estate segments [10][11] Noninterest Income and Expenses - Noninterest income for the quarter was $86.8 million, with fees on deposit accounts contributing $37.9 million [8][9] - Total noninterest expenses were $375.1 million, with salaries and employee benefits being the largest component [8][9] - The efficiency ratio improved to 53%, with an adjusted efficiency ratio of 49% [5][6]