South State (US:SSB)2025-10-23 13:00Financial Performance - SouthState reported diluted Earnings per Share (EPS) of $2.42, with adjusted diluted EPS (non-GAAP) at $2.58[30] - Revenue, non-tax equivalent, reached $699 million, a 5% increase compared to the prior quarter[30] - Pre-Provision Net Revenue (PPNR) (non-GAAP) amounted to $347.3 million[30] - Year-over-year PPNR/share growth (non-GAAP) was 43%[30] - Net interest margin, tax equivalent (non-GAAP), was 4.06%, up 0.04% from the prior quarter[30] Balance Sheet and Loan Portfolio - Loans increased by $401 million, or 3%, and deposits increased by $376 million, or 3%[30] - Total loan portfolio reached $47.7 billion, with Investor CRE comprising 37% and Consumer RE 21%[42] - Noninterest-bearing checking accounts totaled $13.4 billion, part of the total deposits of $54.1 billion[46] Asset Quality - Net charge-offs were 27 bps, bringing the year-to-date net charge-offs to 12 bps[30] - Total ACL reserve for unfunded commitments was $45 million[53] - Nonperforming Assets to Loans & OREO was 0.67%[56] Market and Geographic Focus - SouthState has $65 billion in assets, $48 billion in loans, and $55 billion in deposits[6] - The company operates 343 branch locations and is the 5 largest regional bank in the South[6] - SouthState is focused on the fastest-growing markets in America[10]