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SouthState Corporation (SSB)
NYSE:SSB
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.19Last Year’s EPS
0.87Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized successful execution on the major acquisition integration, strong earnings and tangible book value growth, healthy capital ratios, robust loan production and pipeline expansion, and confidence to continue share repurchases opportunistically. Headwinds cited were lower accretion income sequentially, a quarter of higher performance-related expenses, some temporary substandard loan increases in lease-up multifamily, and a high Q4 payout ratio that management said is not expected to persist. Management reiterated conservative margin and deposit assumptions and provided clear 2026 guidance ranges for NIM, accretion, and NIE growth.Company Guidance
Strong EPS and Earnings Growth
Excluding merger costs, 2025 earnings per share increased over 30%; reported full-year EPS of $9.50 and Q4 EPS of $2.47. PPNR was $323 million in Q4 and $1.27 billion for the full year. Return on tangible common equity for the year was approximately 20%.
Tangible Book Value and Capital Returns
Double-digit growth in tangible book value per share for 2025 (TBV per share up ~10% for the year) while raising the dividend by 11% in July, repurchasing ~2 million shares (~2% of the company) in Q4 and repurchasing ~2.4% of the company for the year. Capital ratios remained healthy with TCE at 8.8% and CET1 at 11.4%.
Balance Sheet Growth and Loan Production Momentum
Strong Q4 momentum with 8% annualized loan growth and 8% annualized deposit growth. Record quarterly loan production of $3.9 billion (up 16% vs Q3). Pipeline expanded from ~$3.4 billion to ~$5.0 billion during 2025; Texas and Colorado production was $888 million in Q4 (up from $775M in Q3) and their local pipeline increased from $800M to $1.2B.
Net Interest Margin and Funding Costs In Line with Guidance
Q4 tax-equivalent net interest margin of 3.86% (in guidance range 3.80%–3.90%). Loan yield of 6.13% (down 35 bps QoQ) with new loan origination coupon ~6.06% for the quarter. Deposit cost was 1.82% (down 9 bps) and total cost of funds declined 14 bps. Management reiterates 2026 NIM guidance of 3.80%–3.90%.
Noninterest Income Strength and Efficiency
Q4 noninterest income of $106 million (up $7 million QoQ), with correspondent Capital Markets contributing $31 million (one of the better quarters). Full-year noninterest income was $1.407 billion and management targets ~4% NIE growth for 2026 (leaning into expanding revenue producers). Efficiency ratio remained below 50% for the quarter and the year.
Disciplined Integration Execution
Management reported a successful systems conversion and integration of the Independent Financial acquisition with initial regulatory and operational risks navigated, enabling the bank to hit its 2025 goals (clean conversion, cost savings mandate, and reaccelerated growth by Q4).
Share Repurchase Authorization and Opportunistic Buybacks
Board authorized additional buybacks (management cited roughly 5.56 million additional shares added to the plan) and the company repurchased ~2 million shares in Q4 at an average price of ~$90.65, reflecting management confidence in disconnect between fundamentals and valuation.
Loan Repricing and Positive Net Repricing Position
Near-term repricing profile includes ~$4.3 billion of legacy fixed-rate loans repricing over 12 months around ~5.06% and ~$2.0 billion in the legacy independent book repricing down from ~7.25% to ~6.25%; net, management estimates a roughly $2.3 billion positive repricing tailwind (~1% positive differential) depending on the yield curve.
SSB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SSB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 22, 2026 | $99.99 | $99.63 | -0.37% |
Oct 22, 2025 | $92.70 | $88.80 | -4.21% |
Jul 24, 2025 | $95.38 | $96.05 | +0.70% |
Apr 24, 2025 | $87.52 | $85.19 | -2.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does SouthState Corporation (SSB) report earnings?
SouthState Corporation (SSB) is schdueled to report earning on Apr 23, 2026, After Close (Confirmed).
What is SouthState Corporation (SSB) earnings time?
SouthState Corporation (SSB) earnings time is at Apr 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SSB EPS forecast?
SSB EPS forecast for the fiscal quarter 2026 (Q1) is 2.19.