SouthState Bank (NYSE:SSB) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

SouthState Bank (NYSE:SSB) posted its quarterly earnings results on Thursday. The company reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.04, FiscalAI reports. The company had revenue of $672.67 million during the quarter, compared to analyst estimates of $676.83 million. SouthState Bank had a net margin of 25.09% and a return on equity of 10.70%. During the same period in the prior year, the business posted $2.30 EPS.

SouthState Bank Trading Up 4.7%

NYSE:SSB opened at $106.00 on Friday. The company has a 50-day moving average price of $97.97 and a 200-day moving average price of $97.76. The stock has a market cap of $10.35 billion, a price-to-earnings ratio of 11.15 and a beta of 0.70. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04. SouthState Bank has a 12 month low of $84.47 and a 12 month high of $108.46.

SouthState Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, August 7th will be issued a $0.66 dividend. This is a boost from SouthState Bank’s previous quarterly dividend of $0.60. The ex-dividend date is Friday, August 7th. This represents a $2.64 annualized dividend and a yield of 2.5%. SouthState Bank’s dividend payout ratio (DPR) is currently 25.89%.

Key Headlines Impacting SouthState Bank

Here are the key news stories impacting SouthState Bank this week:

• Positive Sentiment: SouthState reported Q2 EPS of $2.35, ahead of the $2.31 consensus, signaling stronger-than-expected bottom-line performance. SouthState Bank Corporation Reports Second Quarter 2026 Results, Declares an Increase in the Quarterly Cash Dividend
• Positive Sentiment: The company raised its quarterly dividend to $0.66 per share from $0.60, a 10% increase, which can signal confidence in capital strength and future cash generation. SouthState Bank Corporation Reports Second Quarter 2026 Results, Declares an Increase in the Quarterly Cash Dividend
• Positive Sentiment: Management said it expects net interest margin of about 3.75% to 3.80% through 2027 and is targeting mid- to high single-digit loan growth, which suggests stable earnings power and continued balance-sheet expansion. SouthState signals stable 3.75%-3.80% NIM through 2027 while targeting mid- to high single-digit loan growth
• Neutral Sentiment: Revenue came in slightly below expectations at about $672.7 million versus $676.8 million estimated, with weaker net interest income offset by growth in non-interest income, loans, and deposits. SouthState Q2 Earnings Beat Estimates, Revenues Miss on Lower NII
• Neutral Sentiment: The Q2 earnings call transcript and related market coverage indicate investors are weighing the strong earnings beat against the revenue miss and NII pressure, keeping the overall reaction mixed but constructive. SouthState Bank Corporation (SSB) Q2 2026 Earnings Call Transcript

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Fundamental Research set a $120.00 price target on shares of SouthState Bank in a report on Wednesday, July 1st. Barclays dropped their target price on shares of SouthState Bank from $123.00 to $118.00 and set an “overweight” rating for the company in a report on Tuesday, July 7th. UBS Group cut SouthState Bank from a “buy” rating to a “neutral” rating and set a $108.00 target price on the stock. in a research note on Tuesday, July 7th. Truist Financial reduced their price target on SouthState Bank from $110.00 to $108.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Finally, Hovde Group upped their price target on SouthState Bank from $110.00 to $112.00 and gave the company an “outperform” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, SouthState Bank has an average rating of “Moderate Buy” and an average price target of $117.50.

Insider Activity

In related news, Director David R. Brooks sold 14,300 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $98.39, for a total transaction of $1,406,977.00. Following the transaction, the director owned 12,700 shares in the company, valued at $1,249,553. The trade was a 52.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC boosted its stake in SouthState Bank by 14.6% in the 3rd quarter. NewEdge Advisors LLC now owns 4,845 shares of the company’s stock worth $479,000 after purchasing an additional 619 shares in the last quarter. Amundi purchased a new stake in SouthState Bank during the 4th quarter valued at about $460,000. CI Investments Inc. increased its stake in SouthState Bank by 589.3% during the 4th quarter. CI Investments Inc. now owns 4,853 shares of the company’s stock valued at $457,000 after purchasing an additional 4,149 shares in the last quarter. Vise Technologies Inc. increased its stake in SouthState Bank by 7.2% during the 4th quarter. Vise Technologies Inc. now owns 4,664 shares of the company’s stock valued at $439,000 after purchasing an additional 314 shares in the last quarter. Finally, Inspire Investing LLC raised its holdings in SouthState Bank by 12.1% in the fourth quarter. Inspire Investing LLC now owns 3,469 shares of the company’s stock worth $326,000 after buying an additional 374 shares during the last quarter. Hedge funds and other institutional investors own 89.76% of the company’s stock.

SouthState Bank Company Profile

SouthState Bank (NYSE: SSB) is a bank holding company headquartered in Winter Haven, Florida, that provides a range of commercial and retail banking services. Through its subsidiary, SouthState Bank, the company serves businesses, institutions and individuals with deposit, lending and treasury management solutions. Its core business lines include commercial and industrial loans, commercial real estate lending, consumer mortgages and home equity loans.

In addition to traditional lending and deposit products, SouthState Bank offers specialized services such as treasury and cash management, merchant services, payment solutions and online banking.