South State (SSB) - 2024 Q1 - Earnings Call Presentation

• Deposits increased $130 million, or 1% annualized • Repurchased a total of 100,000 shares during 1Q 2024 at a weighted average price of$ 79.85 • Net charge-offs of $2.7 million, or 0.03% annualized; Provision for Credit Losses ("PCL"), including release for unfunded commitments, of$ 12.7 million; total allowance for credit losses ("ACL") plus reserve for unfunded commitments of 1.60% • Efficiency ratio of 58% and adjusted efficiency ratio (non-GAAP)(1) of 56% NET INTEREST MARGIN (1) Net Interest Income ex ...