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SouthState SSB Provision for Credit Losses

Provision for Credit Losses at other companies

Truist Financial logo
Truist FinancialTFC
$479M+4.6%
Regions Financial logo
Regions FinancialRF
$91M-26.6%
Webster Financial Corporation logo
Webster Financial CorporationWBS
$54M-30.3%
Old National Bancorp logo
Old National BancorpONB
$34.95M+11.3%
Fifth Third Bank logo
Fifth Third BankFITB
$227M+30.5%
East-West Bancorp logo
East-West BancorpEWBC
$36M-26.5%

Segments

By product

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Financial Service Product Eleven$7.96M-68.8%
Financial Service Product One$1.53M+317%
Financial Service Product Six$1.25M-62.2%
Financial Service Product Four-$550K+61.9%
Financial Service Product Three-$233K-54.3%
Financial Service Product Eight$118K+106%

By segment

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General Banking Unit$10.81M-89.3%

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:FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal.

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 provision for credit losses?
SouthState (SSB) reported provision for credit losses of $11.2M in Q1 2026.
How has SouthState's provision for credit losses changed year-over-year?
SouthState's provision for credit losses increased by 205.5% year-over-year, from $3.67M to $11.2M.
What is the long-term trend for SouthState's provision for credit losses?
Over 3 years (2021 to 2025), SouthState's provision for credit losses has grown at a -9.3% compound annual growth rate (CAGR), from -$160.43M to $119.76M.
What does provision for credit losses mean?
The amount of money the bank sets aside to cover expected losses from bad loans.
How do you interpret provision for credit losses?
An increase suggests deteriorating credit quality or a more conservative economic outlook, while a decrease suggests improving portfolio health.
How does provision for credit losses compare across companies?
Standard accounting practice for all banks; essential for assessing credit risk exposure.