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SouthState SSB Bank Owned Life Insurance

Bank Owned Life Insurance at other companies

Columbia Banking Systems logo
Columbia Banking SystemsCOLB
$1.22B+74.4%
Old National Bancorp logo
Old National BancorpONB
$1.05B+22.8%
Citizens Financial Group logo
Citizens Financial GroupCFG
$3.46B+2.3%
BOK Financial logo
BOK FinancialBOKF
$424.49M+1.3%
Valley National Bank logo
Valley National BankVLY
$740.41M+1.0%
Huntington Bancshares logo
Huntington BancsharesHBAN
$3.67B+31.2%

Other financials

Income statement

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Revenue$661.7M+4.9%
Net income$225.8M+154%
EPS (diluted)$2.28+162%

Balance sheet

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Cash & equivalents$2.9B-13.1%
Total debt$520.5M+6.6%
Total equity$9.0B+4.7%
Total assets$68.0B+4.4%

Cash flow

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Operating cash flow$299.0M+337%
CapEx$16.1M+25.3%
Free cash flow$283.0M+303%

Valuation

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Market cap$9.43B-3.6%
Enterprise value$7.08B+2.0%
P/E10.1×-9.1×
P/S3.5×-1.6×

Profitability

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Net margin34.5%+8.2pp
FCF margin24.1%

Returns & leverage

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Return on equity10.6%+3.4pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by SouthState in its filing.

Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.

The official record: SouthState’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SouthState's bank owned life insurance?
SouthState (SSB) reported bank owned life insurance of $1.3B in Q1 2026.
How has SouthState's bank owned life insurance changed year-over-year?
SouthState's bank owned life insurance increased by 2.3% year-over-year, from $1.27B to $1.3B.
What is the long-term trend for SouthState's bank owned life insurance?
Over 5 years (2020 to 2025), SouthState's bank owned life insurance has grown at a 18.3% compound annual growth rate (CAGR), from $559.37M to $1.29B.
What does bank owned life insurance mean?
The cash value of life insurance policies held by the bank on its employees.
How do you interpret bank owned life insurance?
Increases reflect the bank's use of BOLI as a tax-efficient investment vehicle to offset the costs of employee benefit plans.
How does bank owned life insurance compare across companies?
Commonly used by regional banks as a stable, long-term investment asset.