SouthState Bank (SSB) investor relations material

Executive summary

• Achieved net income of $230 million for Q2 2026, with ROA of 1.36% and diluted EPS of $2.35, up 11.4% year-over-year.

• Tangible book value per share rose 13% year-over-year to $58.72, with an 11% dividend increase and nearly 5% of shares repurchased over the past year.

• Loan growth was strong, with balances up $1.4 billion (11% annualized) from the prior quarter and $3.6 billion (8%) year-over-year; deposits up $474 million (3% annualized) from the prior quarter and 5% year-over-year.

• Efficiency ratio improved to 50% from 53% in 2Q25, reflecting lower noninterest expense.

• Asset quality improved, with non-accruals declining and net charge-offs at 0.06% of average loans.

Financial highlights

• Net interest margin (NIM) was 3.78% in Q2 2026, down from 4.02% in Q2 2025, within 3.75%-3.80% guidance.

• Net interest income reached $576 million, up $14 million from Q1; noninterest income was $97 million, up from $87 million in Q2 2025.

• Noninterest expense was $358 million, slightly better than guided, and decreased by $17.3 million year-over-year.

• EPS (excluding accretion income and CDI amortization) up 13% year-over-year.

• Provision for credit losses rose to $15.9 million in Q2 2026, reflecting higher loan production and growth.

Outlook and guidance

• NIM expected to remain stable in the 3.75%-3.80% range through 2027, assuming flat rates.

• Loan growth guided to mid-to-high single digits, with potential to reach higher end based on pipeline strength.

• Noninterest expense growth guided at 4% for 2026, in line with consensus.

• Capital return expected to align with 40%-60% payout ratio framework; Board increased quarterly dividend to $0.66 per share, payable August 2026.

• Focus on expanding sales force, leveraging AI for operational efficiency, and supporting share repurchases with robust earnings.