What guidance did SouthState's management provide for the next earnings period?

What does SouthState do and what are its main business segments?

What were the key takeaways from SouthState’s earnings call?

What is SouthState's gross profit margin?

What is the market's earnings forecast for SouthState next quarter?

Did SouthState beat or miss consensus estimates last quarter?

What is SouthState's latest dividend and current dividend yield?

What factors drove the changes in SouthState's revenue and profit?

- **EPS Growth**: 30% YoY increase to $2.58, driven by integration and organic expansion.
- **Loan Momentum**: Texas/Colorado production up 67% YoY, pipelines at $1.2B (Texas) and $1B (Florida).
- **Margin Outlook**: 2026 NIM 3.80%-3.90% with 27%-30% deposit beta and $125M accretion.
- **Credit Stability**: 12 basis points net charge-offs YTD, forecasting 10 basis points for 2025.
- **Capital Action**: CET1 at 11.5%, prioritizing buybacks and banker hiring over M&A.

**【CEO Summary Section】**
- Reported a 30% year-over-year increase in EPS, driven by the integration of Independent Financial and organic growth.
- Loan production in Texas and Colorado rose 67% year-to-date, with pipelines growing to $1.2 billion in Texas and $1 billion in Florida.
- Credit metrics remain stable with 12 basis points of net charge-offs year-to-date, forecasting 10 basis points for 2025.
- Strategic focus on recruiting bankers and expanding in high-growth markets amid industry consolidation.

**【CFO Financial Commentary】**
- Q3 net income of $347 million (PPNR) and EPS of $2.58, up 15% and 30% YoY, respectively.
- Net interest margin (NIM) of 3.86% (3.80% core), with $42 million in accretion and 6.56% new loan production yield.
- Noninterest income grew 14% to $99 million, driven by capital markets and correspondent banking.
- Operating expenses (NIE) remained flat at $351 million, with an efficiency ratio of 46.9%.
- CET1 capital ratio of 11.5%, with plans to use excess capital for buybacks and strategic hires.

**【Q&A Key Highlights】**
- **Margin Guidance**: 2026 NIM expected in the 3.80%-3.90% range, with 27%-30% deposit beta and $125 million accretion.
- **Loan Growth**: Texas and Colorado pipelines up 67% YoY, targeting mid-single-digit loan growth in 2026.
- **Credit Quality**: Single large charge-off ($21 million) in Q3, with no prior reserves; overall portfolio stable.
- **Capital Allocation**: CET1 at 11.5%, with buybacks and banker hiring as top priorities.
- **M&A Strategy**: Focused on organic growth and share buybacks rather than acquisitions.


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