SouthState Corporation Reports Q3 2026 Earnings with Strong Loan and Deposit Growth
SouthState Corporation (SSB) reported third-quarter 2026 financial results characterized by robust annualized growth in both loans and deposits, both at 9%. Commercial and industrial lending saw a significant year-over-year increase of 13%, while expansion into Texas and Colorado markets bolstered deposit levels. Net interest margin remained stable at 3.78% due to a strategic shift toward floating-rate loans, which now comprise 39% of the total portfolio. Despite healthy net income of $223.8 million and diluted EPS of $2.30, the bank faced headwinds in noninterest income as rising treasury rates impacted capital markets activity. Additionally, noninterest expenses rose due to merit increases and a strategic hiring initiative for revenue producers. Management maintained a healthy CET1 capital ratio of 11.1% and provided updated NIM guidance of 3.75% to 3.85%, reflecting continued asset sensitivity.
Tickers: $SSB
Topics: banking earnings report eps loan growth net interest margin