SouthState (SSB) investor relations material

Executive summary

• Q3 2025 net income was $246.6 million, up 72.3% year-over-year, with diluted EPS rising 30% to $2.42 and adjusted EPS at $2.58; revenue reached $699 million, up 5% sequentially, reflecting strong operational performance and the completed Independent Financial acquisition.

• Pre-provision net revenue per share grew 43% year-over-year; return on average tangible common equity reached 19.6% (adjusted 20.8%).

• Loans and deposits both increased by 3% quarter-over-quarter, with average balances up 5%.

• Board declared a quarterly cash dividend of $0.60 per share, payable November 14, 2025.

Financial highlights

• Net interest income for Q3 2025 was $600 million, up 4% sequentially and 70.6% year-over-year; net interest margin (tax equivalent) rose to 4.06%.

• Noninterest income was $99.1 million, up 32.2% year-over-year, mainly from correspondent banking and capital markets.

• Efficiency ratio improved to 49.9% (adjusted 47%).

• Noninterest expense rose to $372.3 million, mainly due to acquisition-related costs and higher salaries.

• Net charge-offs were $32.2 million (0.27% of average loans), primarily due to one credit event; provision for credit losses was $5.1 million.

Outlook and guidance

• Management expects continued integration of Independent Bank Group to drive further cost synergies and ongoing balance sheet growth.

• Guidance calls for mid-single-digit loan growth for the remainder of 2025, with NIM guidance for 2026 at $3.80–$3.90, and noninterest income run rate for 2026 projected at $370–$380 million.

• Deposit beta expected to be 27% in the next easing cycle, similar to 2019–2020.

• Noninterest expense guidance for Q4 is $345–$350 million, with mid-single-digit growth expected in 2026.

• Economic outlook remains cautious, with scenario weightings reflecting downside risks and higher uncertainty.