SouthState Bank Corporation reported second quarter 2026 net income of $230 million, with diluted earnings per share of $2.35, up 11% year over year on a reported basis. The company declared an increased quarterly cash dividend of $0.66 per share, payable on August 14, 2026 to shareholders of record as of August 7, 2026. Net interest income rose 3% from the prior quarter to $576 million, while noninterest income declined to $97 million and noninterest expense decreased to $358 million. Loans increased by $1.4 billion, or 11% annualized, from the prior quarter, and deposits grew by $474 million, or 3% annualized. The net interest margin was 3.78%, and the efficiency ratio improved to 50%.
SouthState CorporationReported higher net income and EPS, raised dividend, and improved efficiency ratio.