SouthState Reports Q3 2026 Results with Stable Margins and Increased Floating-Rate Loans
SouthState (SSB) reported its third-quarter 2026 earnings, highlighting a steady net interest margin of 3.8% and an annualized loan and deposit growth rate of 9%. A key strategic shift involves the increase of floating-rate loans within the portfolio, which rose from 28% following a 2024 deal to 39% currently, providing a hedge against interest rate volatility. The bank is also aggressively expanding its commercial presence in Southeastern markets. Management noted a 10% increase in commercial relationship bankers over the past year, a move that has already contributed approximately $1 billion in new loan originations. Combined with low net charge-offs of 9 basis points, these factors suggest a disciplined approach to credit and growth heading into 2027.
Tickers: $SSB
Topics: commercial banking credit quality loan growth net interest margin
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