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- **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.


SouthState Bank Corporation (SSB) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

SSB

SSB fundamentals

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