SouthState Bank (SSB) Q3 2026 earnings summary

Executive summary

• Q3 net income was $223.8M and diluted EPS was $2.30, down 9.3% and 5.0% YoY; 9M net income rose 23.4% to $679.6M and diluted EPS rose 28.1% to $6.93.

• Loans and deposits each grew 9% annualized QoQ; asset quality remained favorable.

• Assets reached $70.4B; net loans grew $3.5B and deposits rose $2.5B from year-end 2025.

Financial highlights

• Q3 net interest income was $591.5M vs. $599.7M YoY; noninterest income was $93.9M vs. $99.1M, noninterest expense was $374.8M vs. $372.3M, and provision for credit losses was $20.3M vs. $5.1M.

• Q3 PPNR was $311M vs. $326M reported and $347M adjusted in 3Q25; adjusted Q3 PPNR was also $311M.

• 9M net interest income was $1.729B vs. $1.722B, and net income was $679.6M vs. $550.9M.

• Adjusted PPNR per share, excluding accretion income and CDI amortization, rose 10.5% YoY in Q3; 9M increased 13.9% to $9.10.

Outlook and guidance

• NIM guidance increased 5 bps QoQ to 3.75%-3.85%, expected to hold through 2027; assumptions include two Fed hikes and 50% total deposit beta.

• 2027 loan growth guidance is mid- to high-single digits; Q4 growth was expected in the mid-single digits after a modest pipeline pullback.

• Q4 noninterest expense was expected near or slightly above Q3; FY26 expense growth near 4% and preliminary FY27 guidance 3.5%-4%.

• Correspondent income was expected between Q3's $20.1M and the prior $25M guide near term, with a return toward $25M as rates settle; FX and commodities platforms could add $10M-$15M at full run rate in year one.

• Management expected ~10% YoY PPNR growth; fee income may remain near Q3's 54 bps of assets for the next quarter or two, below 55-60 bps guidance.