# SouthState (SSB) 8-K SEC filing

- Filed: Jul 23, 2026, 4:25 PM EDT
- Accession: 0001104659-26-086278
- OpenCapital page: https://www.opencapital.sh/filings/0001104659-26-086278
- Markdown URL: https://www.opencapital.sh/filings/0001104659-26-086278.md
- Official SEC filing index: https://www.sec.gov/Archives/edgar/data/764038/000110465926086278/0001104659-26-086278-index.htm

## Filing documents

- [8-K (ssb-20260723x8k.htm)](https://www.sec.gov/Archives/edgar/data/764038/000110465926086278/ssb-20260723x8k.htm)
- [EX-99.1 (ssb-20260723xex99d1.htm)](https://www.sec.gov/Archives/edgar/data/764038/000110465926086278/ssb-20260723xex99d1.htm)
- [EX-99.2 (ssb-20260723xex99d2.htm)](https://www.sec.gov/Archives/edgar/data/764038/000110465926086278/ssb-20260723xex99d2.htm)

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## 8-K

SEC source: [ssb-20260723x8k.htm](https://www.sec.gov/Archives/edgar/data/764038/000110465926086278/ssb-20260723x8k.htm)

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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

WASHINGTON, D.C. 20549

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**FORM** **8-K**

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CURRENT REPORT

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Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

​

Date of Report (Date of earliest event reported): **July 23, 2026**

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**SOUTHSTATE BANK CORP****ORATION**

(Exact name of registrant as specified in its charter)

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|  |  |  |
| --- | --- | --- |
| Florida(State or Other Jurisdiction ofIncorporation) | 001-12669(Commission File Number) | 39-3424417(IRS EmployerIdentification No.) |

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|  |  |
| --- | --- |
| 1101 First Street South, Suite 202Winter Haven, FL(Address of principal executive offices) | 33880(Zip Code) |

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**(****863****)** **293-4710**

(Registrant’s telephone number, including area code)

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**Not Applicable**

(Former name or former address, if changed since last report)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

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☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Securities registered pursuant to Section 12(b) of the Act:

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​ ​ ​

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common stock, par value $2.50 per share SSB The New York Stock Exchange

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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Emerging growth company ☐

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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## Item 2.02 Results of Operations and Financial Condition.

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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. Copies of the Company’s press release and presentation are attached as Exhibit 99.1 and 99.2, respectively, to this report and incorporated herein by reference.

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SouthState will host a conference call on July 24, 2026 at 9 a.m. (ET) to discuss the Company’s second quarter 2026 results. Investors may call in (toll free) by dialing (833) 461-5787 within the U.S. (passcode 404525610; host: Will Matthews, CFO). The numbers for international participants are listed at https://help.events.q4inc.com/eahc/international-dial-in-numbers. Participants may also pre-register for the conference by navigating to https://events.q4inc.com/attendee/404525610. Access detail will be provided via email upon completion of registration.

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## Item 7.01 Regulation FD Disclosure.

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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. Attached hereto and incorporated herein as Exhibit 99.2 is the text of that presentation.

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The information contained in this Item 7.01 of this Current Report, including the information set forth in the Presentation filed as Exhibit 99.2 to, and incorporated in, this Current Report, is being "furnished" and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

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## Item 8.01 Other Events.

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Third Quarter 2026 Shareholder Dividend

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The Board of Directors of the Company increased its quarterly cash dividend on its common stock from $0.60 per share to $0.66 per share. The dividend is payable on August 14, 2026 to shareholders of record as of August 7, 2026.

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2

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| (d) / Exhibit No. | Financial Statements and Exhibits. / Exhibits: / Description |
| --- | --- |
| 99.1 | Press Release, dated July 23, 2026 |
| 99.2 | Presentation for SouthState Bank Corporation Earnings Call |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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3

**Cautionary Statement Regarding Forward Looking Statements**

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Statements included in this communication contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of management of SouthState Bank Corporation (“SouthState”) and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward looking statements.

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Factors that could cause SouthState’s actual results to differ materially from those described in the forward looking statements are discussed in SouthState’s Annual Report on Form 10 K for the year ended December 31, 2025, filed with the Securities and Exchange Commission and available on SouthState’s website (https://southstatecorporation.q4ir.com/SEC-Filings/Documents/default.aspx), and on the Securities and Exchange Commission's website (www.sec.gov). SouthState undertakes no obligation to update any forward looking statements.

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4

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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SOUTHSTATE BANK CORPORATION

​ (Registrant)

​ ​ ​

​ By: */s/ William E. Matthews, V*

​ ​ William E. Matthews, V

​ ​ Senior Executive Vice President and

​ ​ Chief Financial Officer

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Dated: July 23, 2026

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5

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## EX-99.1

SEC source: [ssb-20260723xex99d1.htm](https://www.sec.gov/Archives/edgar/data/764038/000110465926086278/ssb-20260723xex99d1.htm)

### **Exhibit 99.1**

| | |
| --- | --- |
| **SouthState Bank Corporation Reports Second Quarter 2026 Results** **Declares an Increase in the Quarterly Cash Dividend** | **For Immediate Release** |
| | | **Media Contact** |
| | | Jackie Smith, 803.231.3486 |

**WINTER HAVEN, FL – July 23, 2026** – SouthState Bank Corporation (“SouthState” or the “Company”) (NYSE: SSB) today released its unaudited results of operations and other financial information for the three-month and six-month periods ended June 30, 2026.

“We continue to make progress on our priorities of balance sheet growth, opportunistic hiring, active share repurchases and building our artificial intelligence capabilities,” said John C. Corbett, SouthState’s Chief Executive Officer. “The second quarter featured solid loan growth, a stable net interest margin, unchanged deposit costs, and improved efficiency. Asset quality trends also improved, with a decline in non-accruals and charge-offs of just 6 basis points. Over the past year, we’ve retired nearly 5% of our share count, raised our dividend by 11% and grown tangible book value by 13%. We remain focused on delivering for our shareholders.”

Highlights of the second quarter of 2026 include:

**Returns**

- Reported diluted Earnings per Share (“EPS”) and Adjusted Diluted EPS (Non-GAAP) of $2.35, up 11% year over year on a reported basis and 2% year over year on an adjusted basis
- Net Income of $230 million
- Return on Average Common Equity of 10.2%; Return on Average Tangible Common Equity (Non-GAAP) of 17.6%*
- Return on Average Assets (“ROAA”) of 1.36%*
- Book Value per Share of $94.17
- Tangible Book Value (“TBV”) per Share (Non-GAAP) of $58.72, an increase of 13% year over year, after raising the dividend by 11%, and repurchasing nearly 5% of the Company’s shares over the past year

**Performance**

- Net Interest Income of $576 million, an increase of $14 million, or 3%, compared to the prior quarter
- Noninterest Income of $97 million, a decrease of $3 million compared to the prior quarter primarily due to mortgage banking income; Noninterest Income represented 0.57% of average assets for the second quarter of 2026*
- Noninterest Expense of $358 million, a decrease of $2 million compared to the prior quarter primarily due to OREO and loan related expense
- Net Interest Margin (“NIM”), non-tax equivalent and tax equivalent (Non-GAAP), of 3.78%
- 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
- Efficiency Ratio improved to 50% from the prior quarter

**Balance Sheet**

- 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%
- Total deposit cost of 1.76%, unchanged from the prior quarter
- Strong capital position with Tangible Common Equity, Total Risk-Based Capital, Tier 1 Leverage, and Tier 1 Common Equity ratios of 8.7%, 13.5%, 9.4%, and 11.1%, respectively†

**Subsequent Events**

- The Board of Directors of the Company increased its quarterly cash dividend on its common stock from $0.60 per share to $0.66 per share; the dividend is payable on August 14, 2026 to shareholders of record as of August 7, 2026

∗ Annualized percentages † Preliminary

**Financial Performance**

| (Dollars in thousands, except per share data) / INCOME STATEMENT | Three Months Ended / Jun. 30, 2026 | Three Months Ended / Mar. 31, 2026 | Three Months Ended / Dec. 31, 2025 | Three Months Ended / Sep. 30, 2025 | Three Months Ended / Jun. 30, 2025 | Six Months Ended / Jun. 30, 2026 | Six Months Ended / Jun. 30, 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Interest Income |  |  |  |  |  |  |  |
| Loans, including fees (1) | $744,652 | $721,571 | $748,106 | $782,382 | $746,448 | $1,466,222 | $1,471,088 |
| Investment securities, trading securities, federal funds sold and securities |  |  |  |  |  |  |  |
| purchased under agreements to resell | 93,607 | 95,258 | 100,640 | 99,300 | 94,056 | 188,866 | 177,982 |
| Total interest income | 838,259 | 816,829 | 848,746 | 881,682 | 840,504 | 1,655,088 | 1,649,070 |
| Interest Expense |  |  |  |  |  |  |  |
| Deposits | 244,216 | 238,522 | 250,189 | 257,271 | 241,593 | 482,738 | 487,550 |
| Federal funds purchased, securities sold under agreements |  |  |  |  |  |  |  |
| to repurchase, and other borrowings | 18,094 | 16,702 | 17,442 | 24,714 | 20,963 | 34,796 | 39,025 |
| Total interest expense | 262,310 | 255,224 | 267,631 | 281,985 | 262,556 | 517,534 | 526,575 |
| Net Interest Income | 575,949 | 561,605 | 581,115 | 599,697 | 577,948 | 1,137,554 | 1,122,495 |
| Provision for credit losses | 15,919 | 10,808 | 6,605 | 5,085 | 7,505 | 26,727 | 108,067 |
| Net Interest Income after Provision for Credit Losses | 560,030 | 550,797 | 574,510 | 594,612 | 570,443 | 1,110,827 | 1,014,428 |
| Noninterest Income |  |  |  |  |  |  |  |
| Operating income | 96,726 | 100,098 | 105,753 | 99,086 | 86,817 | 196,824 | 172,437 |
| Securities losses, net | — | — | — | — | — | — | (228,811) |
| Gain on sale leaseback, net of transaction costs | — | — | — | — | — | — | 229,279 |
| Total noninterest income | 96,726 | 100,098 | 105,753 | 99,086 | 86,817 | 196,824 | 172,905 |
| Noninterest Expense |  |  |  |  |  |  |  |
| Operating expense | 357,749 | 359,524 | 364,196 | 351,453 | 350,682 | 717,273 | 691,502 |
| Merger, branch consolidation, severance related, and other expense (8) | — | — | 4,494 | 20,889 | 24,379 | — | 92,385 |
| FDIC special assessment | — | — | (3,835) | — | — | — | — |
| Total noninterest expense | 357,749 | 359,524 | 364,855 | 372,342 | 375,061 | 717,273 | 783,887 |
| Income before Income Tax Provision | 299,007 | 291,371 | 315,408 | 321,356 | 282,199 | 590,378 | 403,446 |
| Income tax provision | 68,985 | 65,551 | 67,686 | 74,715 | 66,975 | 134,536 | 99,142 |
| Net Income | $230,022 | $225,820 | $247,722 | $246,641 | $215,224 | $455,842 | $304,304 |
| Adjusted Net Income (non-GAAP) (2) |  |  |  |  |  |  |  |
| Net Income (GAAP) | $230,022 | $225,820 | $247,722 | $246,641 | $215,224 | $455,842 | $304,304 |
| Securities losses, net of tax | — | — | — | — | — | — | 178,639 |
| Gain on sale leaseback, net of transaction costs and tax | — | — | — | — | — | — | (179,004) |
| Initial provision for credit losses - Non-PCD loans and UFC from |  |  |  |  |  |  |  |
| Independent, net of tax | — | — | — | — | — | — | 71,892 |
| Merger, branch consolidation, severance related, and other expense, |  |  |  |  |  |  |  |
| net of tax (8) | — | — | 3,529 | 16,032 | 18,593 | — | 71,687 |
| Deferred tax asset remeasurement | — | — | — | — | — | — | 5,581 |
| FDIC special assessment, net of tax | — | — | (3,012) | — | — | — | — |
| Adjusted Net Income (non-GAAP) | $230,022 | $225,820 | $248,239 | $262,673 | $233,817 | $455,842 | $453,099 |
| Basic earnings per common share | $2.36 | $2.29 | $2.48 | $2.44 | $2.12 | $4.66 | $3.00 |
| Diluted earnings per common share | $2.35 | $2.28 | $2.46 | $2.42 | $2.11 | $4.64 | $2.99 |
| Adjusted net income per common share - Basic (non-GAAP) (2) | $2.36 | $2.29 | $2.48 | $2.60 | $2.30 | $4.66 | $4.47 |
| Adjusted net income per common share - Diluted (non-GAAP) (2) | $2.35 | $2.28 | $2.47 | $2.58 | $2.30 | $4.64 | $4.45 |
| Dividends per common share | $0.60 | $0.60 | $0.60 | $0.60 | $0.54 | $1.20 | $1.08 |
| Basic weighted-average common shares outstanding | 97,300,899 | 98,544,242 | 100,063,315 | 101,218,431 | 101,495,456 | 97,919,136 | 101,452,777 |
| Diluted weighted-average common shares outstanding | 97,676,767 | 98,922,258 | 100,618,796 | 101,735,095 | 101,845,360 | 98,292,252 | 101,835,756 |
| Effective tax rate | 23.07% | 22.50% | 21.46% | 23.25% | 23.73% | 22.79% | 24.57% |
| Adjusted effective tax rate | 23.07% | 22.50% | 21.46% | 23.25% | 23.73% | 22.79% | 23.19% |

**Performance and Capital Ratios**

| Line item | Three Months Ended / Jun. 30, 2026 | Three Months Ended / Mar. 31, 2026 | Three Months Ended / Dec. 31, 2025 | Three Months Ended / Sep. 30, 2025 | Three Months Ended / Jun. 30, 2025 | Six Months Ended / Jun. 30, 2026 | Six Months Ended / Jun. 30, 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| PERFORMANCE RATIOS |  |  |  |  |  |  |  |
| Return on average assets (annualized) | 1.36% | 1.37% | 1.47% | 1.49% | 1.34% | 1.36% | 0.95% |
| Adjusted return on average assets (annualized) (non-GAAP) (2) | 1.36% | 1.37% | 1.48% | 1.59% | 1.45% | 1.36% | 1.42% |
| Return on average common equity (annualized) | 10.19% | 10.11% | 10.90% | 11.04% | 9.93% | 10.15% | 7.17% |
| Adjusted return on average common equity (annualized) (non-GAAP) (2) | 10.19% | 10.11% | 10.92% | 11.75% | 10.79% | 10.15% | 10.68% |
| Return on average tangible common equity (annualized) (non-GAAP) (3) | 17.62% | 17.59% | 19.10% | 19.62% | 18.17% | 17.60% | 13.73% |
| Adjusted return on average tangible common equity (annualized) (non-GAAP) (2) (3) | 17.62% | 17.59% | 19.14% | 20.81% | 19.61% | 17.60% | 19.72% |
| Efficiency ratio (tax equivalent) | 50.00% | 51.05% | 49.65% | 49.88% | 52.75% | 50.52% | 56.75% |
| Adjusted efficiency ratio (non-GAAP) (4) | 50.00% | 51.05% | 49.56% | 46.89% | 49.09% | 50.52% | 49.65% |
| Dividend payout ratio (5) | 25.31% | 26.12% | 24.23% | 24.59% | 25.47% | 25.71% | 36.00% |
| Book value per common share | $94.17 | $92.21 | $91.38 | $89.14 | $86.71 |  |  |
| Tangible book value per common share (non-GAAP) (3) | $58.72 | $56.90 | $56.27 | $54.48 | $51.96 |  |  |
| CAPITAL RATIOS |  |  |  |  |  |  |  |
| Equity-to-assets | 13.3% | 13.3% | 13.5% | 13.6% | 13.4% |  |  |
| Tangible equity-to-tangible assets (non-GAAP) (3) | 8.7% | 8.6% | 8.8% | 8.8% | 8.5% |  |  |
| Tier 1 leverage (6) | 9.4% | 9.4% | 9.3% | 9.4% | 9.2% |  |  |
| Tier 1 common equity (6) | 11.1% | 11.3% | 11.4% | 11.5% | 11.2% |  |  |
| Tier 1 risk-based capital (6) | 11.1% | 11.3% | 11.4% | 11.5% | 11.2% |  |  |
| Total risk-based capital (6) | 13.5% | 13.7% | 13.8% | 14.0% | 14.5% |  |  |

### Balance Sheet

| (Dollars in thousands, except per share and share data) / BALANCE SHEET | Ending Balance / Jun. 30, 2026 | Ending Balance / Mar. 31, 2026 | Ending Balance / Dec. 31, 2025 | Ending Balance / Sep. 30, 2025 | Ending Balance / Jun. 30, 2025 |
| --- | --- | --- | --- | --- | --- |
| Assets |  |  |  |  |  |
| Cash and due from banks | $649,079 | $598,218 | $583,375 | $582,792 | $755,798 |
| Federal funds sold and interest-earning deposits with banks | 1,701,233 | 2,268,864 | 2,589,108 | 2,561,663 | 2,708,308 |
| Cash and cash equivalents | 2,350,312 | 2,867,082 | 3,172,483 | 3,144,455 | 3,464,106 |
| Trading securities, at fair value | 191,094 | 117,590 | 110,183 | 107,519 | 95,306 |
| Investment securities: |  |  |  |  |  |
| Securities held to maturity | 1,955,754 | 2,007,249 | 2,048,030 | 2,096,727 | 2,145,991 |
| Securities available for sale, at fair value | 6,598,177 | 6,530,348 | 6,313,756 | 6,042,800 | 5,927,867 |
| Other investments | 366,986 | 370,924 | 353,428 | 366,218 | 357,487 |
| Total investment securities | 8,920,917 | 8,908,521 | 8,715,214 | 8,505,745 | 8,431,345 |
| Loans held for sale | 405,441 | 327,935 | 345,343 | 346,673 | 318,985 |
| Loans: |  |  |  |  |  |
| Purchased credit deteriorated | 2,658,792 | 2,818,360 | 2,977,499 | 3,160,359 | 3,409,186 |
| Purchased non-credit deteriorated | 9,921,791 | 10,714,489 | 11,232,414 | 11,877,828 | 12,492,553 |
| Non-acquired | 38,266,289 | 35,963,934 | 34,388,614 | 32,629,724 | 31,365,508 |
| Less allowance for credit losses | (586,664) | (585,882) | (585,197) | (590,133) | (621,046) |
| Loans, net | 50,260,208 | 48,910,901 | 48,013,330 | 47,077,778 | 46,646,201 |
| Premises and equipment, net | 992,594 | 993,584 | 994,176 | 961,510 | 964,878 |
| Bank owned life insurance | 1,311,197 | 1,302,382 | 1,293,574 | 1,285,532 | 1,280,632 |
| Mortgage servicing rights | 91,442 | 90,018 | 84,032 | 84,491 | 85,836 |
| Core deposit and other intangibles | 343,424 | 364,686 | 386,326 | 409,890 | 433,458 |
| Goodwill | 3,094,059 | 3,094,059 | 3,094,059 | 3,094,059 | 3,094,059 |
| Other assets | 949,340 | 1,002,465 | 988,692 | 1,030,558 | 1,078,516 |
| Total assets | $68,910,028 | $67,979,223 | $67,197,412 | $66,048,210 | $65,893,322 |
| Liabilities and Shareholders' Equity |  |  |  |  |  |
| Deposits: |  |  |  |  |  |
| Noninterest-bearing | $13,451,094 | $13,650,799 | $13,375,697 | $13,430,459 | $13,719,030 |
| Interest-bearing | 42,898,716 | 42,224,864 | 41,770,100 | 40,642,810 | 39,977,931 |
| Total deposits | 56,349,810 | 55,875,663 | 55,145,797 | 54,073,269 | 53,696,961 |
| Federal funds purchased and securities |  |  |  |  |  |
| sold under agreements to repurchase | 569,486 | 643,386 | 618,215 | 594,092 | 630,558 |
| Other borrowings | 996,749 | 696,642 | 696,536 | 696,429 | 1,099,705 |
| Reserve for unfunded commitments | 76,525 | 69,229 | 69,619 | 68,538 | 64,693 |
| Other liabilities | 1,785,990 | 1,663,387 | 1,608,137 | 1,604,756 | 1,600,271 |
| Total liabilities | 59,778,560 | 58,948,307 | 58,138,304 | 57,037,084 | 57,092,188 |
| Shareholders' equity: |  |  |  |  |  |
| Common stock - $2.50 par value; authorized 160,000,000 shares | 242,428 | 244,844 | 247,845 | 252,723 | 253,745 |
| Surplus | 6,247,484 | 6,332,285 | 6,480,471 | 6,647,952 | 6,679,028 |
| Retained earnings | 2,951,691 | 2,779,896 | 2,614,173 | 2,426,463 | 2,240,470 |
| Accumulated other comprehensive loss | (310,135) | (326,109) | (283,381) | (316,012) | (372,109) |
| Total shareholders' equity | 9,131,468 | 9,030,916 | 9,059,108 | 9,011,126 | 8,801,134 |
| Total liabilities and shareholders' equity | $68,910,028 | $67,979,223 | $67,197,412 | $66,048,210 | $65,893,322 |
| Common shares issued and outstanding | 96,971,142 | 97,937,653 | 99,138,204 | 101,089,231 | 101,498,000 |

**Net Interest Income and Margin**

| (Dollars in thousands) / YIELD ANALYSIS | Three Months Ended / Jun. 30, 2026 / Average / Balance | Three Months Ended / Jun. 30, 2026 / Income/ / Expense | Three Months Ended / Jun. 30, 2026 / Yield/ / Rate | Three Months Ended / Mar. 31, 2026 / Average / Balance | Three Months Ended / Mar. 31, 2026 / Income/ / Expense | Three Months Ended / Mar. 31, 2026 / Yield/ / Rate | Three Months Ended / Jun. 30, 2025 / Average / Balance | Three Months Ended / Jun. 30, 2025 / Income/ / Expense | Three Months Ended / Jun. 30, 2025 / Yield/ / Rate |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Interest-Earning Assets: |  |  |  |  |  |  |  |  |  |
| Federal funds sold and interest-earning deposits with banks | $1,386,864 | $12,236 | 3.54% | $1,881,020 | $15,792 | 3.40% | $1,884,133 | $19,839 | 4.22% |
| Investment securities | 9,213,359 | 81,371 | 3.54% | 9,221,416 | 79,466 | 3.49% | 8,513,439 | 74,217 | 3.50% |
| Loans held for sale | 286,422 | 4,602 | 6.44% | 223,084 | 3,732 | 6.78% | 283,017 | 4,829 | 6.84% |
| Total loans held for investment | 50,247,114 | 740,050 | 5.91% | 48,875,656 | 717,839 | 5.96% | 47,029,412 | 741,619 | 6.33% |
| Total interest-earning assets | 61,133,759 | 838,259 | 5.50% | 60,201,176 | 816,829 | 5.50% | 57,710,001 | 840,504 | 5.84% |
| Noninterest-earning assets | 6,694,407 |  |  | 6,726,355 |  |  | 6,840,880 |  |  |
| Total Assets | $67,828,166 |  |  | $66,927,531 |  |  | $64,550,881 |  |  |
| Interest-Bearing Liabilities ("IBL"): |  |  |  |  |  |  |  |  |  |
| Transaction and money market accounts | $32,098,340 | $180,220 | 2.25% | $31,499,841 | $172,453 | 2.22% | $28,986,998 | $173,481 | 2.40% |
| Savings deposits | 2,817,269 | 1,638 | 0.23% | 2,822,510 | 1,642 | 0.24% | 2,921,780 | 2,012 | 0.28% |
| Certificates and other time deposits | 7,184,745 | 62,358 | 3.48% | 7,215,388 | 64,427 | 3.62% | 7,177,451 | 66,100 | 3.69% |
| Federal funds purchased | 289,337 | 2,616 | 3.63% | 295,207 | 2,635 | 3.62% | 360,588 | 3,943 | 4.39% |
| Repurchase agreements | 293,341 | 1,477 | 2.02% | 319,873 | 1,561 | 1.98% | 287,341 | 1,462 | 2.04% |
| Other borrowings | 851,660 | 14,001 | 6.59% | 696,597 | 12,506 | 7.28% | 821,545 | 15,558 | 7.60% |
| Total interest-bearing liabilities | 43,534,692 | 262,310 | 2.42% | 42,849,416 | 255,224 | 2.42% | 40,555,703 | 262,556 | 2.60% |
| Noninterest-bearing deposits | 13,521,146 |  |  | 13,359,214 |  |  | 13,643,265 |  |  |
| Other noninterest-bearing liabilities | 1,719,228 |  |  | 1,661,672 |  |  | 1,659,331 |  |  |
| Shareholders' equity | 9,053,100 |  |  | 9,057,229 |  |  | 8,692,582 |  |  |
| Total Non-IBL and shareholders' equity | 24,293,474 |  |  | 24,078,115 |  |  | 23,995,178 |  |  |
| Total Liabilities and Shareholders' Equity | $67,828,166 |  |  | $66,927,531 |  |  | $64,550,881 |  |  |
| Net Interest Income and Margin (Non-Tax Equivalent) |  | $575,949 | 3.78% |  | $561,605 | 3.78% |  | $577,948 | 4.02% |
| Net Interest Margin (Tax Equivalent) (non-GAAP) |  |  | 3.78% |  |  | 3.79% |  |  | 4.02% |
| Total Deposit Cost (without Debt and Other Borrowings) |  |  | 1.76% |  |  | 1.76% |  |  | 1.84% |
| Overall Cost of Funds (including Demand Deposits) |  |  | 1.84% |  |  | 1.84% |  |  | 1.94% |
| Total Accretion on Acquired Loans (1) |  | $33,054 |  |  | $38,786 |  |  | $63,507 |  |
| Tax Equivalent ("TE") Adjustment |  | $751 |  |  | $760 |  |  | $672 |  |

- The remaining loan discount on acquired loans to be accreted into loan interest income totals $185.9 million as of June 30, 2026.

**Noninterest Income and Expense**

| (Dollars in thousands) | Three Months Ended / Jun. 30, 2026 | Three Months Ended / Mar. 31, 2026 | Three Months Ended / Dec. 31, 2025 | Three Months Ended / Sep. 30, 2025 | Three Months Ended / Jun. 30, 2025 | Six Months Ended / Jun. 30, 2026 | Six Months Ended / Jun. 30, 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Noninterest Income: |  |  |  |  |  |  |  |
| Fees on deposit accounts | $41,568 | $38,699 | $41,950 | $42,572 | $37,869 | $80,267 | $73,802 |
| Mortgage banking income | 4,890 | 11,016 | 5,158 | 5,462 | 5,936 | 15,906 | 13,673 |
| Trust and investment services income | 15,164 | 14,471 | 14,684 | 14,157 | 14,419 | 29,635 | 29,351 |
| Correspondent banking and capital markets income | 24,839 | 24,427 | 30,638 | 25,522 | 19,161 | 49,266 | 35,876 |
| Expense on centrally-cleared variation margin | (4,028) | (3,000) | (3,167) | (4,318) | (5,394) | (7,028) | (12,564) |
| Total correspondent banking and capital markets income | 20,811 | 21,427 | 27,471 | 21,204 | 13,767 | 42,238 | 23,312 |
| Bank owned life insurance income | 9,624 | 9,494 | 9,633 | 10,597 | 9,153 | 19,118 | 19,352 |
| Other | 4,669 | 4,991 | 6,857 | 5,094 | 5,673 | 9,660 | 12,947 |
| Securities losses, net | — | — | — | — | — | — | (228,811) |
| Gain on sale leaseback, net of transaction costs | — | — | — | — | — | — | 229,279 |
| Total Noninterest Income | $96,726 | $100,098 | $105,753 | $99,086 | $86,817 | $196,824 | $172,905 |
| Noninterest Expense: |  |  |  |  |  |  |  |
| Salaries and employee benefits | $205,377 | $205,653 | $202,714 | $199,148 | $200,162 | $411,030 | $395,973 |
| Occupancy expense | 43,878 | 42,302 | 42,567 | 40,874 | 41,507 | 86,180 | 77,000 |
| Information services expense | 29,136 | 29,704 | 30,443 | 28,988 | 30,155 | 58,840 | 61,517 |
| OREO and loan related expense | 952 | 4,378 | 867 | 5,427 | 2,295 | 5,330 | 4,079 |
| Business development and staff related | 10,639 | 11,362 | 13,485 | 8,907 | 7,182 | 22,001 | 13,692 |
| Amortization of intangibles | 21,041 | 21,304 | 23,417 | 23,426 | 24,048 | 42,345 | 47,879 |
| Professional fees | 5,090 | 5,239 | 7,410 | 4,994 | 4,658 | 10,329 | 9,367 |
| Supplies and printing expense | 3,885 | 3,254 | 3,594 | 3,278 | 3,970 | 7,139 | 7,098 |
| FDIC assessment and other regulatory charges | 10,753 | 10,257 | 9,884 | 8,374 | 11,469 | 21,010 | 22,727 |
| Advertising and marketing | 3,836 | 3,325 | 4,710 | 2,980 | 3,010 | 7,161 | 5,300 |
| Other operating expenses | 23,162 | 22,746 | 25,105 | 25,057 | 22,226 | 45,908 | 46,870 |
| Merger, branch consolidation, severance related and other expense (8) | — | — | 4,494 | 20,889 | 24,379 | — | 92,385 |
| FDIC special assessment | — | — | (3,835) | — | — | — | — |
| Total Noninterest Expense | $357,749 | $359,524 | $364,855 | $372,342 | $375,061 | $717,273 | $783,887 |

**Loans and Deposits**

**The following table presents a summary of the loan portfolio by type:**

| (Dollars in thousands) / LOAN PORTFOLIO (7) | Ending Balance / Jun. 30, 2026 | Ending Balance / Mar. 31, 2026 | Ending Balance / Dec. 31, 2025 | Ending Balance / Sep. 30, 2025 | Ending Balance / Jun. 30, 2025 |
| --- | --- | --- | --- | --- | --- |
| Construction and land development * † | $2,982,968 | $2,592,908 | $2,548,360 | $2,678,971 | $3,323,923 |
| Investor commercial real estate* | 18,656,455 | 18,298,938 | 17,883,913 | 17,603,205 | 16,953,410 |
| Commercial owner occupied real estate | 7,852,391 | 7,671,535 | 7,576,991 | 7,529,075 | 7,497,906 |
| Commercial and industrial | 9,378,444 | 9,385,926 | 9,181,408 | 8,644,636 | 8,445,878 |
| Consumer real estate * | 11,034,102 | 10,573,897 | 10,450,223 | 10,202,026 | 10,038,369 |
| Consumer/other | 942,512 | 973,579 | 957,632 | 1,009,998 | 1,007,761 |
| Total Loans | $50,846,872 | $49,496,783 | $48,598,527 | $47,667,911 | $47,267,247 |

| | \* | Single family home construction-to-permanent loans originated by the Company’s mortgage banking division are included in construction and land development category until completion. Investor commercial real estate loans include commercial non-owner occupied real estate and other income producing property. Consumer real estate includes consumer owner occupied real estate and home equity loans. |
| --- | --- | --- |

| | † | Includes single family home construction-to-permanent loans of $358.4 million, $360.4 million, $342.8 million, $350.2 million, and $371.1 million for the quarters ended June 30, 2026, March 31, 2036, December 31, 2025, September 30, 2025, and June 30, 2025, respectively. |
| --- | --- | --- |

| (Dollars in thousands) / DEPOSITS | Ending Balance / Jun. 30, 2026 | Ending Balance / Mar. 31, 2026 | Ending Balance / Dec. 31, 2025 | Ending Balance / Sep. 30, 2025 | Ending Balance / Jun. 30, 2025 |
| --- | --- | --- | --- | --- | --- |
| Noninterest-bearing checking | $13,451,094 | $13,650,799 | $13,375,697 | $13,430,459 | $13,719,030 |
| Interest-bearing checking | 14,710,312 | 14,119,614 | 13,838,558 | 12,906,408 | 12,607,205 |
| Savings | 2,796,845 | 2,841,408 | 2,820,621 | 2,853,410 | 2,889,670 |
| Money market | 17,531,137 | 18,014,140 | 17,751,688 | 17,251,469 | 16,772,597 |
| Time deposits | 7,860,422 | 7,249,702 | 7,359,233 | 7,631,523 | 7,708,459 |
| Total Deposits | $56,349,810 | $55,875,663 | $55,145,797 | $54,073,269 | $53,696,961 |

**Asset Quality**

| (Dollars in thousands) | Ending Balance / Jun. 30, 2026 | Ending Balance / Mar. 31, 2026 | Ending Balance / Dec. 31, 2025 | Ending Balance / Sep. 30, 2025 | Ending Balance / Jun. 30, 2025 |
| --- | --- | --- | --- | --- | --- |
| NONPERFORMING ASSETS: |  |  |  |  |  |
| Non-acquired |  |  |  |  |  |
| Non-acquired nonaccrual loans and restructured loans on nonaccrual | $171,264 | $177,158 | $161,975 | $146,751 | $141,910 |
| Accruing loans past due 90 days or more | 2,961 | 6,915 | 2,997 | 4,352 | 3,687 |
| Non-acquired OREO and other nonperforming assets | 11,722 | 8,339 | 5,273 | 11,969 | 17,288 |
| Total non-acquired nonperforming assets | 185,947 | 192,412 | 170,245 | 163,072 | 162,885 |
| Acquired |  |  |  |  |  |
| Acquired nonaccrual loans and restructured loans on nonaccrual | 99,352 | 116,002 | 135,179 | 149,695 | 151,466 |
| Accruing loans past due 90 days or more | 835 | 1,986 | 1,944 | 891 | 707 |
| Acquired OREO and other nonperforming assets | 1,254 | 18,155 | 3,901 | 7,147 | 8,783 |
| Total acquired nonperforming assets | 101,441 | 136,143 | 141,024 | 157,733 | 160,956 |
| Total nonperforming assets | $287,388 | $328,555 | $311,269 | $320,805 | $323,841 |

| Line item | Three Months Ended / Jun. 30, 2026 | Three Months Ended / Mar. 31, 2026 | Three Months Ended / Dec. 31, 2025 | Three Months Ended / Sep. 30, 2025 | Three Months Ended / Jun. 30, 2025 |
| --- | --- | --- | --- | --- | --- |
| ASSET QUALITY RATIOS (7): |  |  |  |  |  |
| Allowance for credit losses as a percentage of loans | 1.15% | 1.18% | 1.20% | 1.24% | 1.31% |
| Allowance for credit losses, including reserve for unfunded commitments, |  |  |  |  |  |
| as a percentage of loans | 1.30% | 1.32% | 1.35% | 1.38% | 1.45% |
| Allowance for credit losses as a percentage of nonperforming loans | 213.79% | 193.96% | 193.71% | 195.61% | 208.57% |
| Net charge-offs as a percentage of average loans (annualized) | 0.06% | 0.09% | 0.09% | 0.27% | 0.21% |
| Net charge-offs, excluding acquisition date charge-offs, as a percentage |  |  |  |  |  |
| of average loans (annualized) * | 0.06% | 0.09% | 0.09% | 0.27% | 0.06% |
| Total nonperforming assets as a percentage of total assets | 0.42% | 0.48% | 0.46% | 0.49% | 0.49% |
| Nonperforming loans as a percentage of period end loans | 0.54% | 0.61% | 0.62% | 0.63% | 0.63% |

* Excluding acquisition date charge-offs recorded in connection with the Independent merger.

**Current Expected Credit Losses (“CECL”)**

Below is a table showing the roll forward of the ACL and UFC for the second quarter of 2026:

| (Dollars in thousands) | Allowance for Credit Losses ("ACL") and Unfunded Commitments ("UFC") / Non-PCD ACL | Allowance for Credit Losses ("ACL") and Unfunded Commitments ("UFC") / PCD ACL | Allowance for Credit Losses ("ACL") and Unfunded Commitments ("UFC") / Total ACL | Allowance for Credit Losses ("ACL") and Unfunded Commitments ("UFC") / UFC |
| --- | --- | --- | --- | --- |
| Ending balance 3/31/2026 | $520,619 | $65,263 | $585,882 | $69,229 |
| Charge offs | (10,335) | — | (10,335) | — |
| Acquired charge offs | (246) | (1,161) | (1,407) | — |
| Recoveries | 2,150 | — | 2,150 | — |
| Acquired recoveries | 320 | 1,431 | 1,751 | — |
| Provision for credit losses | 13,984 | (5,361) | 8,623 | 7,296 |
| Ending balance 6/30/2026 | $526,492 | $60,172 | $586,664 | $76,525 |
| Period end loans | $48,188,080 | $2,658,792 | $50,846,872 | N/A |
| Allowance for Credit Losses to Loans | 1.09% | 2.26% | 1.15% | N/A |
| Unfunded commitments (off balance sheet) † |  |  |  | $12,824,707 |
| Reserve to unfunded commitments (off balance sheet) |  |  |  | 0.60% |

† Unfunded commitments exclude unconditionally cancelable commitments and letters of credit.

**Conference Call**

The Company will host a conference call to discuss its second quarter results at 9:00 a.m. Eastern Time on July 24, 2026. Callers wishing to participate may call toll-free by dialing (833) 461-5787 within the US. The numbers for international participants are listed at https://help.events.q4inc.com/eahc/international-dial-in-numbers. The conference ID number is 404525610. Alternatively, individuals may listen to the live webcast of the presentation by visiting SouthStateBank.com. A replay of the live webcast is expected to be available by the evening of July 24, 2026 on the Investor Relations section of SouthStateBank.com.

SouthState is a financial services company headquartered in Winter Haven, Florida. SouthState Bank, N.A., the company’s nationally chartered bank subsidiary, provides consumer, commercial, mortgage and wealth management solutions to more than 1.8 million customers throughout Florida, Texas, the Carolinas, Georgia, Colorado, Alabama, Virginia and Tennessee. The bank also serves clients nationwide through its correspondent banking division. Additional information is available at SouthStateBank.com.

*Non-GAAP Measures*

Statements included in this press release include non-GAAP measures and should be read along with the accompanying tables that provide a reconciliation of non-GAAP measures to GAAP measures. Although other companies may use calculation methods that differ from those used by SouthState for non-GAAP measures, management believes that these non-GAAP measures provide additional useful information, which allows readers to evaluate the ongoing performance of the Company. Non-GAAP measures should not be considered as an alternative to any measure of performance or financial condition as promulgated under GAAP, and investors should consider the Company's performance and financial condition as reported under GAAP and all other relevant information when assessing the performance or financial condition of the Company. Non-GAAP measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the Company's results or financial condition as reported under GAAP.

| (Dollars in thousands) / PRE-PROVISION NET REVENUE ("PPNR") (NON-GAAP) | Three Months Ended / Jun. 30, 2026 | Three Months Ended / Mar. 31, 2026 | Three Months Ended / Dec. 31, 2025 | Three Months Ended / Sep. 30, 2025 | Three Months Ended / Jun. 30, 2025 |
| --- | --- | --- | --- | --- | --- |
| Net income (GAAP) | $230,022 | $225,820 | $247,722 | $246,641 | $215,224 |
| Provision for credit losses | 15,919 | 10,808 | 6,605 | 5,085 | 7,505 |
| Income tax provision | 68,985 | 65,551 | 67,686 | 74,715 | 66,975 |
| Merger, branch consolidation, severance related and other expense (8) | — | — | 4,494 | 20,889 | 24,379 |
| FDIC special assessment | — | — | (3,835) | — | — |
| Pre-provision net revenue (PPNR) (Non-GAAP) | $314,926 | $302,179 | $322,672 | $347,330 | $314,083 |

| (Dollars in thousands) / NET INTEREST MARGIN ("NIM"), TE (NON-GAAP) | Three Months Ended / Jun. 30, 2026 | Three Months Ended / Mar. 31, 2026 | Three Months Ended / Dec. 31, 2025 | Three Months Ended / Sep. 30, 2025 | Three Months Ended / Jun. 30, 2025 |
| --- | --- | --- | --- | --- | --- |
| Net interest income (GAAP) | $575,949 | $561,605 | $581,115 | $599,697 | $577,948 |
| Total average interest-earning assets | 61,133,759 | 60,201,176 | 59,872,113 | 58,727,110 | 57,710,001 |
| NIM, non-tax equivalent | 3.78% | 3.78% | 3.85% | 4.05% | 4.02% |
| Tax equivalent adjustment (included in NIM, TE) | 751 | 760 | 800 | 718 | 672 |
| Net interest income, tax equivalent (Non-GAAP) | $576,700 | $562,365 | $581,915 | $600,415 | $578,620 |
| NIM, TE (Non-GAAP) | 3.78% | 3.79% | 3.86% | 4.06% | 4.02% |

| (Dollars in thousands, except per share data) / RECONCILIATION OF GAAP TO NON-GAAP | Three Months Ended / Jun. 30, 2026 | Three Months Ended / Mar. 31, 2026 | Three Months Ended / Dec. 31, 2025 | Three Months Ended / Sep. 30, 2025 | Three Months Ended / Jun. 30, 2025 | Six Months Ended / Jun. 30, 2026 | Six Months Ended / Jun. 30, 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Adjusted Net Income (non-GAAP) (2) |  |  |  |  |  |  |  |
| Net income (GAAP) | $230,022 | $225,820 | $247,722 | $246,641 | $215,224 | $455,842 | $304,304 |
| Securities losses, net of tax | — | — | — | — | — | — | 178,639 |
| Gain on sale leaseback, net of transaction costs and tax | — | — | — | — | — | — | (179,004) |
| PCL - Non-PCD loans and UFC, net of tax | — | — | — | — | — | — | 71,892 |
| Merger, branch consolidation, severance related and other expense, |  |  |  |  |  |  |  |
| net of tax (8) | — | — | 3,529 | 16,032 | 18,593 | — | 71,687 |
| Deferred tax asset remeasurement | — | — | — | — | — | — | 5,581 |
| FDIC special assessment, net of tax | — | — | (3,012) | — | — | — | — |
| Adjusted net income (non-GAAP) | $230,022 | $225,820 | $248,239 | $262,673 | $233,817 | $455,842 | $453,099 |
| Adjusted Net Income per Common Share - Basic (non-GAAP) (2) |  |  |  |  |  |  |  |
| Earnings per common share - Basic (GAAP) | $2.36 | $2.29 | $2.48 | $2.44 | $2.12 | $4.66 | $3.00 |
| Effect to adjust for securities losses, net of tax | — | — | — | — | — | — | 1.76 |
| Effect to adjust for gain on sale leaseback, net of transaction costs and tax | — | — | — | — | — | — | (1.76) |
| Effect to adjust for PCL - Non-PCD loans and UFC, net of tax | — | — | — | — | — | — | 0.71 |
| Effect to adjust for merger, branch consolidation, severance related |  |  |  |  |  |  |  |
| and other expense, net of tax (8) | — | — | 0.03 | 0.16 | 0.18 | — | 0.70 |
| Effect to adjust for deferred tax asset remeasurement | — | — | — | — | — | — | 0.06 |
| Effect to adjust for FDIC special assessment, net of tax | — | — | (0.03) | — | — | — | — |
| Adjusted net income per common share - Basic (non-GAAP) | $2.36 | $2.29 | $2.48 | $2.60 | $2.30 | $4.66 | $4.47 |
| Adjusted Net Income per Common Share - Diluted (non-GAAP) (2) |  |  |  |  |  |  |  |
| Earnings per common share - Diluted (GAAP) | $2.35 | $2.28 | $2.46 | $2.42 | $2.11 | $4.64 | $2.99 |
| Effect to adjust for securities losses, net of tax | — | — | — | — | — | — | 1.76 |
| Effect to adjust for gain on sale leaseback, net of transaction costs and tax | — | — | — | — | — | — | (1.76) |
| Effect to adjust for PCL - Non-PCD loans and UFC, net of tax | — | — | — | — | — | — | 0.71 |
| Effect to adjust for merger, branch consolidation, severance related |  |  |  |  |  |  |  |
| and other expense, net of tax (8) | — | — | 0.04 | 0.16 | 0.19 | — | 0.70 |
| Effect to adjust for deferred tax remeasurement | — | — | — | — | — | — | 0.05 |
| Effect to adjust for FDIC special assessment, net of tax | — | — | (0.03) | — | — | — | — |
| Adjusted net income per common share - Diluted (non-GAAP) | $2.35 | $2.28 | $2.47 | $2.58 | $2.30 | $4.64 | $4.45 |
| Adjusted Return on Average Assets (non-GAAP) (2) |  |  |  |  |  |  |  |
| Return on average assets (GAAP) | 1.36% | 1.37% | 1.47% | 1.49% | 1.34% | 1.36% | 0.95% |
| Effect to adjust for securities losses, net of tax | — | — | — | — | — | — | 0.56% |
| Effect to adjust for gain on sale leaseback, net of transaction costs and tax | — | — | — | — | — | — | (0.56)% |
| Effect to adjust for PCL - Non-PCD loans and UFC, net of tax | — | — | — | — | — | — | 0.23% |
| Effect to adjust for merger, branch consolidation, severance related |  |  |  |  |  |  |  |
| and other expense, net of tax (8) | — | — | 0.03% | 0.10% | 0.11% | — | 0.22% |
| Effect to adjust for deferred tax remeasurement | — | — | — | — | — | — | 0.02% |
| Effect to adjust for FDIC special assessment, net of tax | — | — | (0.02)% | — | — | — | — |
| Adjusted return on average assets (non-GAAP) | 1.36% | 1.37% | 1.48% | 1.59% | 1.45% | 1.36% | 1.42% |
| Adjusted Return on Average Common Equity (non-GAAP) (2) |  |  |  |  |  |  |  |
| Return on average common equity (GAAP) | 10.19% | 10.11% | 10.90% | 11.04% | 9.93% | 10.15% | 7.17% |
| Effect to adjust for securities losses, net of tax | — | — | — | — | — | — | 4.21% |
| Effect to adjust for gain on sale leaseback, net of transaction costs and tax | — | — | — | — | — | — | (4.22)% |
| Effect to adjust for PCL - Non-PCD loans and UFC, net of tax | — | — | — | — | — | — | 1.69% |
| Effect to adjust for merger, branch consolidation, severance related |  |  |  |  |  |  |  |
| and other expense, net of tax (8) | — | — | 0.15% | 0.71% | 0.86% | — | 1.70% |
| Effect to adjust for deferred tax remeasurement | — | — | — | — | — | — | 0.13% |
| Effect to adjust for FDIC special assessment, net of tax | — | — | (0.13)% | — | — | — | — |
| Adjusted return on average common equity (non-GAAP) | 10.19% | 10.11% | 10.92% | 11.75% | 10.79% | 10.15% | 10.68% |
| Return on Average Common Tangible Equity (non-GAAP) (3) |  |  |  |  |  |  |  |
| Return on average common equity (GAAP) | 10.19% | 10.11% | 10.90% | 11.04% | 9.93% | 10.15% | 7.17% |
| Effect to adjust for intangible assets | 7.43% | 7.48% | 8.20% | 8.58% | 8.24% | 7.45% | 6.56% |
| Return on average tangible equity (non-GAAP) | 17.62% | 17.59% | 19.10% | 19.62% | 18.17% | 17.60% | 13.73% |
| Adjusted Return on Average Common Tangible Equity (non-GAAP) (2) (3) |  |  |  |  |  |  |  |
| Return on average common equity (GAAP) | 10.19% | 10.11% | 10.90% | 11.04% | 9.93% | 10.15% | 7.17% |
| Effect to adjust for securities losses, net of tax | — | — | — | — | — | — | 4.21% |
| Effect to adjust for gain on sale leaseback, net of transaction costs and tax | — | — | — | — | — | — | (4.22)% |
| Effect to adjust for PCL - Non-PCD loans and UFC, net of tax | — | — | — | — | — | — | 1.69% |
| Effect to adjust for merger, branch consolidation, severance related |  |  |  |  |  |  |  |
| and other expense, net of tax (8) | — | — | 0.15% | 0.71% | 0.86% | — | 1.70% |
| Effect to adjust for deferred tax remeasurement | — | — | — | — | — | — | 0.13% |
| Effect to adjust for FDIC special assessment, net of tax | — | — | (0.13)% | — | — | — | — |
| Effect to adjust for intangible assets, net of tax | 7.43% | 7.48% | 8.22% | 9.06% | 8.82% | 7.45% | 9.04% |
| Adjusted return on average common tangible equity (non-GAAP) | 17.62% | 17.59% | 19.14% | 20.81% | 19.61% | 17.60% | 19.72% |

| RECONCILIATION OF GAAP TO NON-GAAP | Three Months Ended / Jun. 30, 2026 | Three Months Ended / Mar. 31, 2026 | Three Months Ended / Dec. 31, 2025 | Three Months Ended / Sep. 30, 2025 | Three Months Ended / Jun. 30, 2025 | Six Months Ended / Jun. 30, 2026 | Six Months Ended / Jun. 30, 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Adjusted Efficiency Ratio (non-GAAP) (4) |  |  |  |  |  |  |  |
| Efficiency ratio | 50.00% | 51.05% | 49.65% | 49.88% | 52.75% | 50.52% | 56.75% |
| Effect to adjust for securities losses | — | — | — | — | — | — | (7.44)% |
| Effect to adjust for gain on sale leaseback, net of transaction costs | — | — | — | — | — | — | 7.46% |
| Effect to adjust for merger, branch consolidation, severance related |  |  |  |  |  |  |  |
| and other expense, net of tax (8) | — | — | (0.65)% | (2.99)% | (3.66)% | — | (7.12)% |
| Effect to adjust for FDIC special assessment | — | — | 0.56% | — | — | — | — |
| Adjusted efficiency ratio (non-GAAP) | 50.00% | 51.05% | 49.56% | 46.89% | 49.09% | 50.52% | 49.65% |
| Tangible Book Value Per Common Share (non-GAAP) (3) |  |  |  |  |  |  |  |
| Book value per common share (GAAP) | $94.17 | $92.21 | $91.38 | $89.14 | $86.71 |  |  |
| Effect to adjust for intangible assets | (35.45) | (35.31) | (35.11) | (34.66) | (34.75) |  |  |
| Tangible book value per common share (non-GAAP) | $58.72 | $56.90 | $56.27 | $54.48 | $51.96 |  |  |
| Tangible Equity-to-Tangible Assets (non-GAAP) (3) |  |  |  |  |  |  |  |
| Equity-to-assets (GAAP) | 13.25% | 13.28% | 13.48% | 13.64% | 13.36% |  |  |
| Effect to adjust for intangible assets | (4.55)% | (4.64)% | (4.72)% | (4.83)% | (4.90)% |  |  |
| Tangible equity-to-tangible assets (non-GAAP) | 8.70% | 8.64% | 8.76% | 8.81% | 8.46% |  |  |

Certain prior period information has been reclassified to conform to the current period presentation, and these reclassifications have no impact on net income or equity as previously reported.

Footnotes to tables:

| | (1) | Includes loan accretion (interest) income related to the discount on acquired loans of $33.1 million, $38.8 million, $50.3 million, $83.0 million, and $63.5 million during the quarters ended June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025, and June 30, 2025, respectively, and $71.8 million and $125.3 million during the six months ended June 30, 2026 and 2025, respectively. | |
| --- | --- | --- | --- |

| | (2) | Adjusted earnings, adjusted return on average assets, adjusted EPS, and adjusted return on average equity are non-GAAP measures and exclude the gains or losses on sales of securities, gain on sale leaseback, net of transaction costs, PCL on non-PCD loans and unfunded commitments, deferred tax asset remeasurement, merger, branch consolidation, severance related and other expense, and FDIC special assessments. Management believes that non-GAAP adjusted measures provide additional useful information that allows readers to evaluate the ongoing performance of the Company. Non-GAAP measures should not be considered as an alternative to any measure of performance or financial condition as promulgated under GAAP, and investors should consider the Company's performance and financial condition as reported under GAAP and all other relevant information when assessing the performance or financial condition of the Company. Non-GAAP measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the Company's results or financial condition as reported under GAAP. Adjusted earnings and the related adjusted return measures (non-GAAP) exclude the following from net income (GAAP) on an after-tax basis: (a) pre-tax merger, branch consolidation, severance related and other expense of $4.5 million, $20.9 million, and $24.4 million for the quarters ended December 31, 2025, September 30, 2025, and June 30, 2025, respectively, and $92.4 million during the six months ended June 30, 2025; (b) pre-tax net securities losses of $(228.8) million for the six months ended June 30, 2025; (c) pre-tax gain on sale leaseback, net of transaction costs of $229.3 million for the six months ended June 30, 2025; (d) pre-tax PCL on non-PCD loans and unfunded commitments of $92.1 million for the six months ended June 30, 2025; (e) pre-tax FDIC special assessment of $(3.8) million for the quarter ended December 31, 2025; and (f) deferred tax asset remeasurement of $5.6 million for the six months ended June 30, 2025. | |
| --- | --- | --- | --- |

| | (3) | The tangible measures are non-GAAP measures and exclude the effect of period end or average balance of intangible assets. The tangible returns on equity and common equity measures also add back the after-tax amortization of intangibles to GAAP basis net income. Management believes that these non-GAAP tangible measures provide additional useful information, particularly since these measures are widely used by industry analysts for companies with prior merger and acquisition activities. Non-GAAP measures should not be considered as an alternative to any measure of performance or financial condition as promulgated under GAAP, and investors should consider the Company's performance and financial condition as reported under GAAP and all other relevant information when assessing the performance or financial condition of the Company. Non-GAAP measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the Company's results or financial condition as reported under GAAP. The sections titled "Reconciliation of GAAP to Non-GAAP" provide tables that reconcile GAAP measures to non-GAAP. | |
| --- | --- | --- | --- |

| | (4) | Adjusted efficiency ratio is calculated by taking the noninterest expense excluding transaction costs on merger, branch consolidation, severance related and other expenses, FDIC special assessment, and amortization of intangible assets, divided by net interest income and noninterest income excluding gains (losses) on sales of securities, net, and gain on sale leaseback, net of transaction costs. The pre-tax amortization expenses of intangible assets were $21.0 million, $21.3 million, $23.4 million, $23.4 million, and $24.0 million for the quarters ended June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025, and June 30, 2025, respectively, and $42.3 million and $47.9 million for the six months ended June 30, 2026 and 2025, respectively. | |
| --- | --- | --- | --- |

| | (5) | The dividend payout ratio is calculated by dividing total dividends paid during the period by the total net income for the same period. | |
| --- | --- | --- | --- |

| | (6) | June 30, 2026 ratios are estimated and may be subject to change pending the final filing of the FR Y-9C; all other periods are presented as filed. | |
| --- | --- | --- | --- |

| | (7) | Loan data excludes loans held for sale. | |
| --- | --- | --- | --- |

| | (8) | Includes pre-tax cyber incident net reimbursement of $(3.6) million for the quarters ended June 30, 2025 and $(3.5) million for the six months ended June 30, 2025. | |
| --- | --- | --- | --- |

**Cautionary Statement Regarding Forward Looking Statements**

Statements included in this communication contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of management of SouthState Bank Corporation (“SouthState”) and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward looking statements.

Factors that could cause SouthState’s actual results to differ materially from those described in the forward looking statements are discussed in SouthState’s Annual Report on Form 10 K for the year ended December 31, 2025, filed with the Securities and Exchange Commission and available on SouthState’s website (https://southstatecorporation.q4ir.com/SEC-Filings/Documents/default.aspx), and on the Securities and Exchange Commission's website (www.sec.gov). SouthState undertakes no obligation to update any forward looking statements.

---

## EX-99.2

SEC source: [ssb-20260723xex99d2.htm](https://www.sec.gov/Archives/edgar/data/764038/000110465926086278/ssb-20260723xex99d2.htm)

**Exhibit 99.2**

| | | 2Q 2026 Earnings Presentation July 24, 2026 |
| --- | --- | --- |

| | | VALUE PROPOSITION 2 For end note descriptions, see Earnings Presentation End Notes starting on slide 29. 344 Branch Locations $69B Assets $56B Deposits $10B Market Cap 6,000+ Team Members Local Leadership Model Driving Durable Results Long-Term Track Record of Shareholder Value Creation Premier Deposit Franchise Regional bank leader with scale Operating in the Best Growth Markets Top quartile TSR through 20 years of cycles Shoot where the ducks are flying VALUE PROPOSITION Above peer results over the short, medium, and long-term |
| --- | --- | --- |

| | | $65 B Assets $48 B Loans $55 B Deposits $7.4 B Market Cap Fort Collins Denver Dallas Austin Houston Birmingham Richmond Charleston Atlanta Augusta Savannah Jacksonville Miami Orlando Tampa Winter Haven Greenville Charlotte PREMIER DEPOSIT FRANCHISE (1) 1.76% Cost of Deposits $56B Deposits $40K Average Balance 1.4M Deposit Accounts 1 3 For end note descriptions, see Earnings Presentation End Notes starting on slide 29. Texas Triangle $8B Deposits #4 Regional Bank ATL-CLT Corridor $10B Deposits #4 Regional Bank Coastal South $7B Deposits #1 Regional Bank Central Florida $12B Deposits #2 Regional Bank Front Range $4B Deposits #2 Regional Bank |
| --- | --- | --- |

| | | OPERATING IN THE BEST GROWTH MARKETS 4 2 Leading Growth Characteristics… … Support Superior Growth Projected HHI Growth(1) Projected Population Growth(1) Deposits per Share CAGR – Last 5 Years (non-GAAP)(3) Loans per Share CAGR – Last 5 Years (non-GAAP)(3) 13.0% 12.1% 11.3% SSB Regional Competitors National Average 6.8% 4.5% 2.6% SSB Regional Competitors National Average (2) 5.2% 3.1% 4.3% SSB Regional Competitors Peer Median 7.0% 4.1% 4.9% SSB Regional Competitors Peer Median (2) (2) (2) For end note descriptions, see Earnings Presentation End Notes starting on slide 29. |
| --- | --- | --- |

| | | 1.48% 1.23% 1.28% 1.18% 1.03% 0.90% LOCAL LEADERSHIP MODEL DRIVING DURABLE RESULTS 5 3 Local Leadership Model Leading Long-Term Operating Results(1) Top-performing bank in employee engagement and client satisfaction Average consumer relationship is 10+ years Bankers are empowered to make decisions based on local market knowledge Incentive system structured to drive P&L alignment 21 division presidents provide localized decision-making driving tailored client outcomes Cost of Deposits Adjusted ROAA (non-GAAP)(2) NCOs / Avg. Loans(3) Sustained Superior Profitability … …With Consistently Low Funding Costs vs. Peers… …And Superior Credit Peer Median 1-year 5-year Average 20-year Average 1.86% 2.05% 1.01% 1.33% 0.90% 1.01% 1-year 5-year Average 20-year Average 1-year 5-year Average 20-year Average For end note descriptions, see Earnings Presentation End Notes starting on slide 29. 0.11% 0.22% 0.05% 0.16% 0.31% 0.46% Recognized as a top-quartile leader in consumer banking client experience, earning a J.D. Power Net Promoter Score of 49, exceeding the top-quartile threshold of 46 among the Top 50 largest U.S. banks by assets. Recognized as a top-quartile performer in commercial banking client experience, achieving a Coalition Greenwich Net Promoter Score of 64, surpassing the top-quartile threshold of 60 among large U.S. banks. Recognized as a top-decile performer (86% engagement) in the Financial Services benchmark for employee engagement, compared to approximately 150 other financial services organizations who use CultureAmp. J.D. Power |
| --- | --- | --- |

| | | LONG - TERM TRACK RECORD OF SHAREHOLDER VALUE CREATION 6 4 Track Record of Profitable & Prudent Growth TBVPS CAGR – Last 20 Years 8.0% 3.3% 3.5% 1.2% SSB Peer Median KRX BKX EPS CAGR – Last 20 Years Total Shareholder Returns Annualized TSR – Last 20 Years vs. Peers 7.6% 3.7% 5.2% 5.8% SSB Peer Median KRX BKX For end note descriptions, see Earnings Presentation End Notes starting on slide 29. 9.4% 8.3% 8.3% 7.8% 7.8% 7.2% 6.9% 5.2% 5.1% 4.8% 3.4% 2.7% 2.7% 2.2% 1.4% 1.3% 1.1% 5.6% 5.2% Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 Peer 12 Peer 13 Peer 14 Peer 15 Peer 16 KRX BKX |
| --- | --- | --- |

| | | 2026 FOCUS 7 Expanding sales force Driving meaningful balance sheet growth Share repurchases supported by robust earnings Leveraging AI to drive speed and scale 2026 FOCUS |
| --- | --- | --- |

| | | Quarterly Results |
| --- | --- | --- |

| | | 2Q26 QUARTERLY HIGHLIGHTS (1) Dollars in millions, except per share data For end note descriptions, see Earnings Presentation End Notes starting on slide 29. 9 2Q26 2Q25 Reported(†) Reported / Adjusted(†) Net Income $ 230 $ 215 / $ 234 PPNR $ 315 $ 290 / $ 314 EPS (Diluted) $ 2.35 $ 2.11 / $ 2.30 ROA\* 1.36% 1.34% / 1.45% ROATCE\* 17.62% 18.17% / 19.61% NIM (non-TE/TE)\* 3.78% 4.02% Efficiency Ratio 50% 53% / 49% CET 1 Ratio 11.1% 11.2%  ROA of 1.36%\*  Loans increased $1.4 billion, or 11%\*  Deposits increased $474 million, or 3%\*  Stable credit with net charge-offs of 6 bps\*  Repurchased 1 million shares  Tangible Book Value per Share (Non-GAAP)(4) increased 13% year over year |
| --- | --- | --- |

| | | LOAN PRODUCTION AND NET LOAN GROWTH TREND $3,335 $3,375 $3,915 $3,775 $5,165 $501 $401 $931 $898 $1,350 $(500) $— $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 $5,000 2Q25 3Q25 4Q25 1Q26 2Q26 Loan Production Loan Portfolio Growth Dollars in millions For end note descriptions, see Earnings Presentation End Notes starting on slide 29. 10 (1) (1) |
| --- | --- | --- |

| | | 4.02% 4.06% 3.86% 3.79% 3.78% 2.0% 2.3% 2.5% 2.8% 3.0% 3.3% 3.5% 3.8% 4.0% $300 $400 $500 $600 $514.4 $516.7 $530.8 $522.8 $542.8 $63.5 $83.0 $50.3 $38.8 $33.1 $577.9 $599.7 $581.1 $561.6 $575.9 0.0% 0.3% 0.5% 0.8% 1.0% 1.3% 1.5% 1.8% 2.0% 2.3% 2.5% 2.8% 3.0% 3.3% 3.5% 3.8% 4.0% $380 $480 $580 2Q25 3Q25 4Q25 1Q26 2Q26 Net Interest Income excld. Accretion Accretion Net Interest Income NET INTEREST MARGIN (1) 11 Dollars in millions For end note descriptions, see Earnings Presentation End Notes starting on slide 29. Accretion income $64 $83 $50 $39 $33 CDI amortization (24) (23) (23) (21) (21) Net Impact $39 $60 $27 $18 $12 Net Impact of Purchase Accounting (1) |
| --- | --- | --- |

| | | NONINTEREST INCOME Dollars in millions; Amounts may not total due to rounding. For end note descriptions, see Earnings Presentation End Notes starting on slide 29. 12 $87 $99 $106 $100 $97 0.54% 0.60% 0.63% 0.61% 0.57% 0.20% 0.40% 0.60% 0.80% 1.00% $— $30 $60 $90 $120 2Q25 3Q25 4Q25 1Q26 2Q26 $ in millions Noninterest Income Fees on Deposit Accounts Correspondent Banking and Capital Markets Trust and Investment Services Mortgage Banking Other Noninterest Income Noninterest Income / Avg. Assets(1) $(5.4) $(4.3) $(3.2) $(3.0) $(4.0) $19.2 $25.5 $30.6 $24.4 $24.8 $(10.0) $(5.0) $- $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 $(10) $(5) $— $5 $10 $15 $20 $25 $30 $35 2Q25 3Q25 4Q25 1Q26 2Q26 $ in millions Correspondent Revenue Breakout ARC Revenue, gross FI Revenue Operational Revenues Interest on VM(2) Total Revenues, gross |
| --- | --- | --- |

| | | Balance Sheet |
| --- | --- | --- |

| | | Investor CRE (2) 37% Consumer RE 22% Owner-Occupied CRE 15% C&I 18% CDL (1) 6% Cons / Other 2% TOTAL LOAN PORTFOLIO 14 Data as of June 30, 2026 Loan portfolio balances, average balances or percentage exclude loans held for sale; Amounts may not total due to rounding. For end note descriptions, see Earnings Presentation End Notes starting on slide 29. Loan Type No. of Loans Balance Avg. Loan Balance Investor CRE 11,134 $ 18.7B $ 1,675,600 Consumer RE 50,988 11.0B 216,400 Owner-Occupied CRE 8,810 7.9B 891,300 C & I 22,625 9.4B 414,500 Constr., Dev. & Land 3,494 3.0B 853,700 Cons / Other 44,896 0.9B 21,000 Total 141,947 $ 50.8B $ 358,200 Loans by Type Total Loans $50.8 Billion |
| --- | --- | --- |

| | | PREMIUM DEPOSIT FRANCHISE Noninterest-bearing Checking 24% Interest-bearing Checking 26% Savings 5% Money Market 31% Time Deposits 14% 15 Data as of June 30, 2026 For end note descriptions, see Earnings Presentation End Notes starting on slide 29. Total Deposits $56.3 Billion Deposits by Type Granular, Low-cost Core Deposit Base

- 1.4 million total deposit accounts o ~1.1M consumer accounts with $18K average balance and over 10-year average relationship o ~0.3M commercial accounts with $118K average balance and ~8-year average relationship
- 63% commercial, 37% consumer deposits by balance |

| | | Credit |
| --- | --- | --- |

| | | 0.68% 0.67% 0.64% 0.66% 0.57% —% 0.25% 0.50% 0.75% 1.00% 2Q25 3Q25 4Q25 1Q26 2Q26 Nonperforming Assets to Loans & OREO 1.44% 1.54% 1.25% 1.04% 1.10% 2.99% 3.10% 3.68% 3.61% 3.47% —% 1.00% 2.00% 3.00% 4.00% 5.00% 2Q25 3Q25 4Q25 1Q26 2Q26 Special Mention & Classified Asset Trends Special Mention / Assets Classified / Assets ASSET QUALITY METRICS & LOAN LOSS RESERVE Dollars in millions For end note descriptions, see Earnings Presentation End Notes starting on slide 29. 17 0.06% 0.27% 0.09% 0.09% 0.06% —% 0.25% 0.50% 2Q25 3Q25 4Q25 1Q26 2Q26 Net Charge-Offs to Loans $621 $590 $585 $586 $587 $65 $69 $70 $69 $77 1.45% 1.38% 1.35% 1.32% 1.30% 1.00% 1.40% 1.80% 2.20% $150 $300 $450 $600 $750 2Q25 3Q25 4Q25 1Q26 2Q26 $ in millions Total ACL(2) plus Reserve for Unfunded Commitments Total ACL Reserve for Unfunded Commitments % of Total Loans (1) |
| --- | --- | --- |

| | | CLASSIFIED ASSET SUMMARY (SUBSTANDARD & NONACCRUAL) For end note descriptions, see Earnings Presentation End Notes starting on slide 29. 18

- Investor CRE: WA LTV of 55% with >99% current; average balance of $6.0M
- OOCRE: WA LTV of 54% with >91% current; average balance of $1.0M
- C&I: >89% current; average balance of $0.5M
- 89% of classified loans are accruing, 98% of which are current Investor CRE 60% C&I 12% Other 11% OO CRE 10% SBA 7% $2.4B 3.5% of Assets Investor CRE $M Wtd Avg LTV(1) (2) % Current Multifamily $797 55% 99.5% Warehouse/Industrial $173 55% Office $112 68% 98.8% Retail $93 55% 95.8% Self Storage $80 56% 100.0% Other $168 53% 98.7% Total $1,423 55% 99.2% 100.0% |

| | | Mortgage Credit Intermediaries 9% Business Credit Intermediaries 6% Private Equity Funds 37% Consumer Credit Intermediaries 33% Other Loans to NDFIs 15% MINIMAL EXPOSURE TO NDFIs – 2Q26 19 $0.8B 1.5% of loans NDFI % of Total Loans NDFI % of Total Capital

- 2nd lowest NDFI exposure of 16 peers in terms of total loans and total capital
- Private Equity portfolio consists of capital call lines: 100% bank underwritten, 50% average advance rate
- Consumer credit intermediaries are primarily in-market consumer finance companies
- Business credit intermediaries are primarily equipment finance and leasing
- Other Loans to NDFIs are primarily Insurance and Wealth Management 1.5% 8.5% SSB Peer Median 10.4% 56.2% SSB Peer Median For end note descriptions, see Earnings Presentation End Notes starting on slide 29. |

| | | Capital |
| --- | --- | --- |

| | | STRONG CAPITAL POSITION AND RETURNS For end note descriptions, see Earnings Presentation End Notes starting on slide 29. 21 11.2% 11.5% 11.4% 11.3% 11.1% 2Q25 3Q25 4Q25 1Q26 2Q26 CET1 Ratio(1) $51.96 $54.48 $56.27 $56.90 $58.72 2Q25 3Q25 4Q25 1Q26 2Q26 Tangible Book Value per Share(2) LTM net payout of 75% Key Highlights Since 2Q25 4.8% of shares repurchased 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 13% growth in tangible book value per share(2) |
| --- | --- | --- |

| | | Appendix |
| --- | --- | --- |

| | | POPULATION MIGRATION TO THE SOUTH CONTINUES 24 Top 10 States Net Domestic Migration 1. Florida 890,348 2. Texas 812,735 3. North Carolina 476,921 4. South Carolina 379,062 5. Tennessee 292,727 6. Arizona 282,626 7. Georgia 232,849 8. Alabama 141,048 9. Idaho 139,784 10. Oklahoma 107,244 For end note descriptions, see Earnings Presentation End Notes starting on slide 29. |
| --- | --- | --- |

| | | GenAI Knowledge Assistant AI at SouthState Microsoft Copilot Adoption Internal Efficiencies Customer Experience Experimentation

- Chat interface for policy & procedure questions
- Launched in early 2025
- Integrated in daily workflow
- 1.1K+ average questions answered per day
- Call prep for bankers
- Citizen agentic development
- Wealth Management estate planning
- Commercial loan onboarding
- Expanded self-service in call center Marketing:
- New AI-ready website with enhanced search engine optimization (SEO)
- Increased personalization in customer outreach
- Content generation efficiencies Call Center:
- Real-time reference material suggestions to agent during live calls
- Customer call sentiment monitoring
- Call quality checks & wrap-up
- Voice & call fraud detection
- Automated Credit Spreads ~90% performed by AI
- Code Development - 80% of monthly code is AI-assisted
- BSA Sanctions Review
- Factoring Invoice Review – 20% increase in accuracy & 75% reduction in employee time allocation
- 2,500+ premium users & 2,200+ active basic users
- 12K+ average prompts per day Team Support:
- Weekly office hours
- Hands-on workshops
- Required & optional training 25 |

| | | Dollars in billions, unless otherwise noted; data as of June 30, 2026; Amounts may not total due to rounding. For end note descriptions, see Earnings Presentation End Notes starting on slide 29. 3.50% 3.50% 3.40% 3.49% 3.54% 2.0% 2.4% 2.8% 3.2% 3.6% 4.0% 2Q25 3Q25 4Q25 1Q26 2Q26 Investment Securities Yield(2) HIGH QUALITY INVESTMENT PORTFOLIO 78% 9% 13% 0.3% Investment Portfolio† Composition Agency MBS(1) Treasury, Agency & SBA Municipal Corporates Type AFS HTM Balance Duration (yrs)(3,4) Balance Duration (yrs)(4) Agency MBS(1) $4.9B 3.7 $1.8B 5.9 Municipal 1.1B 6.9 — — Treasury, Agency & SBA 0.5B 2.2 0.2B 5.3 Corporates 0.02B 0.4 — — Total $6.6B 4.1 $2.0B 5.8 26 Total Investment Portfolio† $8.6 Billion |
| --- | --- | --- |

| | | NON - GAAP RECONCILIATIONS (UNAUDITED) Dollars in thousands, except for per share data \* Quarter-to-date tax equivalent net interest margin is annualized. (1) Adjustments were applied consistently across all periods included in the 1 year, 5-year and 20-year averages. (2) Includes pre-tax cyber incident reimbursement of $(3.6) million for the quarter ended June 30, 2025. 27 2Q25 2Q26 Net interest income (GAAP) $ 577,948 $ 575,949 Plus: Noninterest income 86,817 96,726 Total revenue, adjusted (non-GAAP) $ 664,765 $ 672,675 Less: Noninterest expense 375,061 357,749 PPNR (Non-GAAP) $ 289,704 $ 314,926 Plus: Merger, branch consolidation, severance related and other expense (2) 24,379 — Total adjustments $ 24,379 $ — PPNR, Adjusted (Non-GAAP) $ 314,083 $ 314,926 Weighted average common shares outstanding, diluted 101,845 97,677 PPNR, Adjusted per Wgtd. Avg. CS Outstanding, Diluted (Non-GAAP) $ 3.08 $ 3.22 PPNR, Adjusted (Non-GAAP) Net Interest Margin - Tax Equivalent (Non-GAAP) \* 2Q25 3Q25 4Q25 1Q26 2Q26 Net interest income (GAAP) $ 577,948 $ 599,697 $ 581,115 $ 561,605 $ 575,949 Tax equivalent adjustments 672 718 800 760 751 Net interest income (tax equivalent) (Non-GAAP) $ 578,620 $ 600,415 $ 581,915 $ 562,365 $ 576,700 Average interest earning assets $57,710,001 $58,727,110 $59,872,113 $60,201,176 $ 61,133,759 Net Interest Margin - Tax Equivalent (Non-GAAP) 4.02% 4.06% 3.86% 3.79% 3.78% Adjusted Net Income 2Q25 2Q26 Net income (GAAP) $ 215,224 $ 230,022 Plus: Merger, branch consolidation, severance related and other expense, net of tax 18,593 — Adjusted Net Income (Non-GAAP)(1) $ 233,817 $ 230,022 Adjusted EPS 2Q25 2Q26 Diluted weighted-average common shares 101,845 97,677 Adjusted net income (non-GAAP) $ 233,817 $ 230,022 Adjusted EPS, Diluted (Non-GAAP) $ 2.30 $ 2.35 |
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| | | NON - GAAP RECONCILIATIONS (UNAUDITED) Dollars and weighted average commons share outstanding in thousands except per share data \* Quarter-to-date return on average tangible common equity, adjusted return on average assets, and average tangible common equity are annualized. (1) Adjustments were applied consistently across all periods included in the 1 year, 5-year and 20-year averages. (2) Includes pre-tax cyber incident reimbursement of $(3.6) million for the quarter ended June 30, 2025. 28 Return on Average Tangible Equity \* 2Q25 2Q26 Net income (GAAP) $ 215,224 $ 230,022 Plus: Amortization of intangibles 24,048 21,041 Effective tax rate 24 % 23 % Amortization of intangibles, net of tax 18,341 16,187 Net income plus after-tax amortization of intangibles (non-GAAP) $ 233,565 $ 246,209 Average shareholders' common equity $ 8,692,582 $ 9,053,100 Less: Average intangible assets 3,535,410 3,447,492 Average tangible common equity $ 5,157,172 $ 5,605,608 Return on Average Tangible Common Equity (Non-GAAP) \* 18.17% 17.62% Adjusted Return on Average Tangible Common Equity \* 2Q25 2Q26 Adjusted net income (non-GAAP) $ 233,817 $ 230,022 Plus: Amortization of intangibles, net of tax 18,341 16,187 Adjusted net income plus after-tax amortization of intangibles (non-GAAP) $ 252,158 $ 246,209 Average tangible common equity $ 5,157,172 $ 5,605,608 Adjusted Return on Average Tangible Common Equity (Non-GAAP) \* 19.61% 17.62% Adjusted Return on Average Assets \* 2Q25 2Q26 Adjusted net income (non-GAAP) $ 233,817 $ 230,022 Total average assets 64,550,881 67,828,166 Adjusted Return on Average Assets (Non-GAAP) \*(1) 1.45% 1.36% 2Q25 2Q26 Noninterest expense (GAAP) $ 375,061 $ 357,749 Less: Amortization of intangible assets 24,048 21,041 Adjusted noninterest expense (non-GAAP) $ 351,013 $ 336,708 Net interest income (GAAP) $ 577,948 $ 575,949 Tax Equivalent ("TE") adjustments 672 751 Net interest income, TE (non-GAAP) $ 578,620 $ 576,700 Noninterest income (GAAP) $ 86,817 $ 96,726 Efficiency Ratio (Non-GAAP) 53% 50% Noninterest income (GAAP) $ 86,817 $ 96,726 Adjusted noninterest income (non-GAAP) $ 86,817 $ 96,726 Noninterest expense (GAAP) $ 375,061 $ 357,749 Less: Merger, branch consolidation, severance related and other expense (2) 24,379 — Amortization of intangible assets 24,048 21,041 Total adjustments $ 48,427 $ 21,041 Adjusted noninterest expense (non-GAAP) $ 326,634 $ 336,708 Adjusted Efficiency Ratio (Non-GAAP) 49% 50% Efficiency Ratio (Non-GAAP) & Adjusted Efficiency Ratio (Non-GAAP) Tangible Book Value per Common Share 2Q25 3Q25 4Q25 1Q26 2Q26 Shareholders' common equity $ 8,801,134 $ 9,011,126 $ 9,059,108 $ 9,030,916 $ 9,131,468 Less: Intangible assets 3,527,517 3,503,949 3,480,385 3,458,745 3,437,483 Tangible shareholders' common equity $ 5,273,617 $ 5,507,177 $ 5,578,723 $ 5,572,171 $ 5,693,985 Common shares issued and outstanding 101,498,000 101,089,231 99,138,204 97,937,653 96,971,142 Tangible Book Value per Common Share (Non-GAAP) $ 51.96 $ 54.48 $ 56.27 $ 56.90 $ 58.72 |
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| | | EARNINGS PRESENTATION END NOTES 29 Slide 2 End Notes Financial data as of June 30, 2026; Market data as of July 22, 2026 Slide 3 End Notes (1) Source: S&P Global Market Intelligence, Company Filings; Depository data as of June 30, 2025 and includes major MSAs in each region. Note: Regional bank market rank reflects U.S. banks <$250B assets as of March 31, 2026 with a $1B deposit cap per branch. Slide 4 End Notes Source: S&P Global Market Intelligence, Company Filings; Financial data as of December 31, 2025; Depository data as of June 30, 2025 Note: Peers as disclosed in the most recent proxy statement, excluding acquired companies (CADE, CMA, SNV) (1) Projected growth shown as the percent growth 2026 – projected 2031 and reflects weighted average growth by MSA (2) Regional competitors include top 10 ranked U.S. banks with <$250B assets in our states of operation as of March 31, 2026 based on a $1B deposit cap per branch. (3) The compounded annual growth rates for loans and deposits per share for the Company and Peer Group were calculated with loans and deposits as the numerator and outstanding shares as the denominator as of the most recent quarter for each respective period as reported by S&P Global. Slide 5 End Notes Source: Coalition Greenwich Voice of the Client® – Commercial Banking, 2025., J.D. Power 2025 U.S. Retail Banking Satisfaction Study (NPS®), CultureAmp Benchmarks, 2025, and S&P Global Market Intelligence, Company Filings; Financial data as of December 31, 2025 Note: Peers as disclosed in the most recent proxy statement, excluding acquired companies (CADE, CMA, SNV) (1) 1-year reflects 2025 annual results, 5-year average reflects average of 2021 – 2025 annual results, 20-year average reflects average of 2006 – 2025 annual results. (2) Adjusted return excludes the impact of certain items, including but not limited to losses on sales of securities, gain on sale leaseback, net of transaction costs, PCL on non-PCD loans and unfunded commitments, FDIC special assessment, deferred tax asset remeasurement and merger, branch consolidation, severance related and other restructuring expenses, net of tax; See reconciliation of GAAP to Non-GAAP measures in Appendix; Peer adjusted return on average assets is a non GAAP financial measure derived from publicly disclosed peer information and reflects adjustments made by peer institutions, including but not limited to merger related costs, restructuring charges, and other items identified by peer management as affecting comparability. Peer adjusted results may not be comparable across companies due to differences in items adjusted, definitions, and methodologies. The Company has not independently calculated or audited peer adjustments. (3) Excluding acquisition date charge-offs of $17.3 million and $39.4 million recorded during the quarters ended June 30, 2025 and March 31, 2025, respectively, in connection with the Independent merger, to conform with the Company’s charge-off policies and practice Slide 6 End Notes Source: S&P Global Market Intelligence, FactSet, Company Filings; Financial data as of December 31, 2025; Market data as of June 30,2026 Note: Peers as disclosed in the most recent proxy statement, excluding acquired companies (CADE, CMA, SNV); BKX index excludes trust and investment banks; TSR is calculated since June 30, 2006 and growth metrics are calculated based on December 31, 2005 financials. |
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| | | EARNINGS PRESENTATION END NOTES 30 Slide 9 End Notes \* : Annualized percentages † : Where only one figures is presented, reported and adjusted results are equal or differences are not meaningful due to rounding; for adjusted results, see reconciliation of GAAP to Non-GAAP measures in Appendix. (1) a. Adjusted earnings, adjusted return on average assets, and adjusted diluted EPS are non-GAAP measures and exclude the impact of merger, branch consolidation, severance related and other restructuring expenses, net of tax; Adjusted efficiency ratio is calculated by taking the noninterest expense excluding merger, branch consolidation and severance related expenses and amortization of intangible assets - See reconciliation of GAAP to Non-GAAP measures in Appendix. b. Adjusted PPNR is a non-GAAP financial measure that excludes the impact merger, branch consolidation, severance related and other restructuring expenses - See reconciliation of GAAP to Non-GAAP measures in Appendix. c. Tax equivalent NIM is a Non-GAAP financial measure - See reconciliation of GAAP to Non-GAAP measures in Appendix. d. The tangible measures are non-GAAP measures and exclude the effect of period end or average balance of intangible assets. The tangible returns on common equity measures also add back the after-tax amortization of intangibles to GAAP basis net income; other adjusted figures presented are also Non-GAAP financial measures that exclude the impact of merger, branch consolidation, severance related and other restructuring expenses, net of tax - See reconciliation of GAAP to Non-GAAP measures in Appendix. Slide 10 End Notes (1) Preliminary; excludes loans held for sale; loan production indicates committed balance total; loan portfolio growth indicates quarter-over-quarter loan ending balance growth, excluding loans held for sale. Slide 11 End Notes (1) Tax equivalent NIM is a Non-GAAP financial measure - See reconciliation of GAAP to Non-GAAP measures in Appendix. Slide 12 End Notes (1) Annualized (2) Interest on centrally-cleared variation margin (expense or income) is included in ARC revenue within Correspondent Banking and Capital Markets Income. Slide 14 End Notes (1) CDL includes residential construction, commercial construction, and all land development loans. (2) Investor CRE includes nonowner-occupied CRE and other income producing property. Slide 17 End Notes (1) Excluding acquisition date charge-offs of $17.3 million recorded during the quarter ended June 30, 2025 in connection with the Independent merger, to conform with the Company’s charge-off policies and practices. (2) Unamortized discount on acquired loans was $186 million, 219 million, $259 million, $310 million, and $393 million for the quarters ended June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025, and June 30, 2025, respectively. Slide 18 End Notes (1) Weighted average LTVs exclude loans on non-accrual. |
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| | | EARNINGS PRESENTATION END NOTES 31 Slide 19 End Notes Note: Peers as disclosed in the most recent proxy statement, excluding acquired companies (CADE, CMA, SNV) Slide 21 End Notes (1) Preliminary (2) The tangible measures are non-GAAP measures and exclude the effect of period end intangible assets - See reconciliation of GAAP to Non-GAAP measures in Appendix. Slide 24 End Notes Sources: U.S. Census Bureau Slide 26 End Notes † Investment portfolio excludes non-marketable equity. (1) MBS issued by U.S. government agencies or sponsored enterprises (commercial and residential collateral) (2) Investment securities yield include non-marketable equity and trading securities. (3) Excludes principal receivable balance as of June 30, 2026. (4) Based on current book value |
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| | | This presentation contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of management of SouthState Bank Corporation (“SouthState”) and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward looking statements. Factors that could cause SouthState’s actual results to differ materially from those described in the forward looking statements are discussed in SouthState’s Annual Report on Form 10 K for the year ended December 31, 2025, filed with the Securities and Exchange Commission and available on SouthState’s website (https://southstatecorporation.q4ir.com/SEC-Filings/Documents/default.aspx), and on the Securities and Exchange Commission's website (www.sec.gov). SouthState undertakes no obligation to update any forward looking statements. CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS 32 |
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