SouthState Corp (SSB)
2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | |
|---|---|---|---|---|
| Noninterest income-Correspondent Banking And Capital Market Income | 13,767 | - | - | - |
| Noninterest income-Mortgage Banking | 5,936 | - | - | - |
| Noninterest income-Fiduciary And Trust | 14,419 | - | - | - |
| Noninterest income-Deposit Account | 37,869 | - | - | - |
| Noninterest income-Small Business Administration Income | 2,430 | - | - | - |
| Other income | 12,396 | 14,241 | 12,413 | 15,565 |
| Securities losses, net | - | -228,811 | - | - |
| Noninterest income | - | 71,379 | 62,521 | 59,660 |
| Gain on sale-leaseback, net of transaction costs | - | 229,279 | - | - |
| Total noninterest income | 86,817 | 86,088 | 74,934 | 75,225 |
| Amount of expense for federal deposit insurance corporation (fdic) special assessment | - | - | - | 619 |
| Supplies, printing and postage expense | 3,970 | 3,128 | 2,762 | 2,526 |
| Professional fees | 4,658 | 4,709 | 4,017 | 3,906 |
| Other expense | 29,408 | 31,154 | 23,915 | 21,463 |
| Occupancy expense | 41,507 | 35,493 | 22,242 | 22,453 |
| Advertising and marketing | 3,010 | 2,290 | 2,296 | 2,594 |
| Salaries and employee benefits | 200,162 | 195,811 | 150,865 | 151,435 |
| Information services expense | 30,155 | 31,362 | 23,280 | 23,144 |
| Fdic assessment and other regulatory charges | 11,469 | 11,258 | 7,482 | 7,771 |
| Merger, branch consolidation, severance-related, and other expense | 24,379 | 68,006 | 3,303 | 5,785 |
| Amortization of intangibles | 24,048 | 23,831 | 5,327 | 5,744 |
| Oreo and loan related expense | 2,295 | 1,784 | 1,358 | 1,307 |
| Total noninterest expense | 375,061 | 408,826 | 246,847 | 248,747 |
| Provision for credit losses | 7,505 | 100,562 | -6,971 | 3,889 |
| Other borrowings | - | 648 | 3,075 | 4,402 |
| Corporate and subordinated debentures | 15,558 | 12,505 | 6,007 | 5,999 |
| Federal funds purchased and securities sold under agreements to repurchase | 5,405 | 4,909 | 5,697 | 4,983 |
| Deposits | 241,593 | 245,957 | 177,919 | 165,481 |
| Total interest expense | 262,556 | 264,019 | 192,698 | 180,865 |
| Tax-exempt | 6,136 | 7,516 | 5,734 | 5,769 |
| Taxable | 68,081 | 53,870 | 37,900 | 38,747 |
| Federal funds sold, securities purchased under agreements to resell and interest-bearing deposits with banks | 19,839 | 22,540 | 6,462 | 8,248 |
| Loans, including fees | 746,448 | 724,640 | 494,082 | 478,360 |
| Total interest income | 840,504 | 808,566 | 544,178 | 531,124 |
| Net interest income | 577,948 | 544,547 | 351,480 | 350,259 |
| Net interest income after provision for credit losses | 570,443 | 443,985 | 358,451 | 346,370 |
| Income before provision for income taxes | 282,199 | 121,247 | 186,538 | 172,848 |
| Provision for income taxes | 66,975 | 32,167 | 43,359 | 40,478 |
| Net income | 215,224 | 89,080 | 143,179 | 132,370 |
| Basic earnings (loss) per common share (in dollars per share) | 2.12 | 0.88 | 1.88 | 1.74 |
| Earnings per share, diluted | 2.11 | 0.87 | 1.86 | 1.73 |
| Weighted average number of shares outstanding, diluted | 101,845,000 | 101,829,000 | 76,805,000 | 76,607,000 |
| Weighted-average basic common shares | 101,495,000 | 101,410,000 | 76,299,000 | 76,251,000 |