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Get filing alertsSouthState raises quarterly dividend 10% to $0.66, reports Q2 EPS of $2.35, up 11% YoY
Filed July 23, 2026 · Period ending July 23, 2026 · ~1 min read
Key Changes
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Board increased quarterly dividend from $0.60 to $0.66 per share (10% raise), payable August 14, 2026 to shareholders of record August 7, 2026.
Item 8.01 verify on EDGAR → -
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Q2 2026 diluted EPS of $2.35, up 11% year-over-year; net income $230M; return on average assets 1.36%; return on average tangible common equity 17.6%.
Exhibit 99.1 view on EDGAR → -
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Loans grew $1.4B (11% annualized) quarter-over-quarter; deposits increased $474M (3% annualized); loan-to-deposit ratio 90%.
Exhibit 99.1 view on EDGAR → -
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Net interest margin held at 3.78%; total deposit cost unchanged at 1.76%, indicating stable funding costs despite competitive environment.
Exhibit 99.1 view on EDGAR → -
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Net charge-offs 0.06% of average loans, down from 0.09% prior quarter; allowance for credit losses 1.30% of loans; nonperforming assets to loans improved to 0.57%.
Exhibit 99.1 view on EDGAR →
Summary
SouthState Bank delivered a strong second quarter, raising its quarterly dividend 10% to $0.66 per share while reporting diluted earnings of $2.35, an 11% year-over-year increase. Net income reached $230 million with return on average assets of 1.36% and return on average tangible common equity of 17.6%.
The dividend increase, payable August 14 to shareholders of record August 7, signals management confidence in earnings sustainability and capital strength. The bank also repurchased 1 million shares during the quarter, bringing total buybacks since Q2 2025 to 4.8% of shares outstanding.
Balance sheet momentum remained robust: loans grew $1.4 billion (11% annualized) quarter-over-quarter with loan production of $5.2 billion, the highest in five quarters. Deposits increased $474 million (3% annualized), maintaining a healthy 90% loan-to-deposit ratio. Net interest margin held steady at 3.78% with deposit costs unchanged at 1.76%, demonstrating pricing discipline. Credit quality improved, with net charge-offs declining to 0.06% of average loans from 0.09% in the prior quarter and nonperforming assets falling to 0.57% of loans. The combination of double-digit loan growth, stable margins, improving asset quality, and increased capital return positions SouthState favorably for sustained profitability.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
SouthState Bank announced Q2 2026 financial results via press release and scheduled an earnings call for July 24, 2026.
Added in current filing · verify on EDGAR →
On July 23, 2026, SouthState Bank Corporation (“SouthState” or the “Company”) issued a press release announcing its financial results for the three- and six-month periods ended June 30, 2026, along with certain other financial information.
SouthState Bank disclosed its second quarter 2026 financial results through a press release. The 8-K itself does not contain the actual financial figures — those appear in the attached Exhibit 99.1 press release and Exhibit 99.2 presentation, which are referenced but not reproduced in the body text shown here.
Added in current filing · verify on EDGAR →
SouthState will host a conference call on July 24, 2026 at 9 a.m. (ET) to discuss the Company’s second quarter 2026 results.
The company scheduled an earnings call for July 24, 2026 at 9 a.m. Eastern Time to discuss the Q2 results with investors and analysts. Dial-in details and pre-registration information were provided.
Event · Item 7.01 — Regulation FD Disclosure
SouthState Bank furnished an earnings presentation for its July 24, 2026 conference call under Regulation FD.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On July 23, 2026, the Company also made available the presentation (“Presentation”) prepared for use with the press release during the earnings conference call on July 24, 2026.
SouthState Bank furnished an earnings presentation (Exhibit 99.2) under Regulation FD for use during its July 24, 2026 earnings conference call. This is a routine disclosure practice to ensure all investors have simultaneous access to materials used in earnings discussions.
Event · Exhibit 99.1
SouthState Bank reported Q2 2026 EPS of $2.35, up 11% YoY, with solid loan growth, stable NIM, and increased quarterly dividend to $0.66.
Added in current filing · view on EDGAR →
Loans increased by $1.4 billion, or 11%*, compared to the prior quarter and increased by $3.6 billion, or 8%, year over year; deposits increased by $474 million, or 3%*, and increased by $2.7 billion, or 5%, year over year; ending loan to deposit ratio of 90%
Loans grew $1.4 billion (11% annualized) quarter-over-quarter and $3.6 billion (8%) year-over-year. Deposits increased $474 million (3% annualized) quarter-over-quarter and $2.7 billion (5%) year-over-year. The loan-to-deposit ratio stood at 90%, indicating strong balance sheet expansion with healthy funding.
Added in current filing · view on EDGAR →
Net charge-offs totaled $8 million, or 0.06%* of average loans
● $16 million of Provision for Credit Losses (“PCL”); total Allowance for Credit Losses (“ACL”) plus reserve for unfunded commitments of 1.30% of loans
Net charge-offs were $8 million, or 0.06% of average loans (annualized), down from 0.09% in the prior quarter and 0.21% a year ago. The provision for credit losses was $16 million. Total allowance for credit losses plus reserve for unfunded commitments stood at 1.30% of loans, reflecting improved asset quality trends.
Event · Exhibit 99.2
SouthState Bank reported Q2 2026 earnings with 1.36% ROA, 11% annualized loan growth, and a 10% dividend increase to $0.66 per share.
Added in current filing · view on EDGAR → · paraphrased
Net Income $ 230 ... ROA* 1.36% ... EPS (Diluted) $ 2.35 ... NIM (non-TE/TE)* 3.78% ... Efficiency Ratio 50% ... CET 1 Ratio 11.1%
SouthState reported Q2 2026 net income of $230 million, diluted EPS of $2.35, and return on assets of 1.36%. The net interest margin was 3.78%, efficiency ratio 50%, and CET1 capital ratio 11.1%. These results reflect stable profitability and strong capital levels.
Added in current filing · view on EDGAR →
Loans increased $1.4 billion, or 11%* ... Deposits increased $474 million, or 3%*
The bank grew loans by $1.4 billion (11% annualized) and deposits by $474 million (3% annualized) during the quarter. Loan production totaled $5.165 billion, the highest in the five quarters shown, indicating strong commercial and consumer lending momentum.
Added in current filing · view on EDGAR →
11% increase in dividend to $0.60 per share ... Additional 10% increase to $0.66 per share, effective with the August 14, 2026 dividend payment
The board approved two consecutive dividend increases: first an 11% raise to $0.60 per share, then an additional 10% increase to $0.66 per share effective August 14, 2026. This represents a cumulative 21% increase in the quarterly dividend, signaling confidence in earnings sustainability and capital generation.
Added in current filing · view on EDGAR →
Repurchased 1 million shares ... 4.8% of shares repurchased
SouthState repurchased 1 million shares during Q2 2026, bringing total repurchases since Q2 2025 to 4.8% of shares outstanding. Combined with the dividend increases, the company maintained a last-twelve-months net payout ratio of 75%, demonstrating active capital return to shareholders.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 24, 2026 · How we verify