South State (US:SSB)2025-01-24 14:04Financial Performance - Reported diluted Earnings per Share (EPS) of $1.87, with adjusted diluted EPS (non-GAAP) at $1.93[26] - Pre-Provision Net Revenue (PPNR) (non-GAAP) reached $199.7 million[26] - Net interest margin, non-tax equivalent and tax equivalent (non-GAAP) increased by 0.09% and 0.08% respectively from the prior quarter, reaching 3.48%[26] - Net charge-offs amounted to $5.3 million, representing 0.06% of average loans on an annualized basis[26] Balance Sheet & Loan Portfolio - Loans increased by $355 million, equivalent to 4% on an annualized basis[26] - Deposits increased by $423 million, also equivalent to 4% on an annualized basis[26] - Total loans reached $33.9 billion, with investor CRE comprising 30% and consumer RE 26% of the portfolio[40] - Total deposits amounted to $38.1 billion, with noninterest-bearing checking accounting for $10.2 billion[46] Capital & Asset Quality - Total allowance for credit losses (ACL) plus reserve for unfunded commitments stood at 1.51% of loans[26] - Tangible Common Equity was 8.8%[66] - The company has 1,283 Financial Institution Clients[81]