Form 8-K

8-K — SouthState Bank Corp

Accession: 0001104659-26-086278

Filed: 2026-07-23

Period: 2026-07-23

CIK: 0000764038

SIC: 6022 (STATE COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — ssb-20260723x8k.htm (Primary)

EX-99.1 (ssb-20260723xex99d1.htm)

EX-99.2 (ssb-20260723xex99d2.htm)

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8-K

8-K (Primary)

Filename: ssb-20260723x8k.htm · Sequence: 1

SOUTHSTATE BANK CORP_July 23, 2026

0000764038false00007640382026-07-232026-07-23

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

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

SOUTHSTATE BANK CORPORATION

(Exact name of registrant as specified in its charter)

Florida

(State or Other Jurisdiction of

Incorporation)

001-12669

(Commission File Number)

39-3424417

(IRS Employer

Identification No.)

1101 First Street South, Suite 202

Winter Haven, FL

(Address of principal executive offices)

33880

(Zip Code)

(863) 293-4710

(Registrant’s telephone number, including area code)

Not Applicable

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

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):

☐ 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))

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

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

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).

Emerging growth company ☐

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. ☐

Item 2.02

Results of Operations and Financial Condition.

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.

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.

Item 7.01

Regulation FD Disclosure.

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.

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.

Item 8.01

Other Events.

Third Quarter 2026 Shareholder Dividend

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.

Item 9.01

Financial Statements and Exhibits.

(d)

Exhibits:

Exhibit No.

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)

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.

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.

SOUTHSTATE BANK CORPORATION

(Registrant)

By:

/s/ William E. Matthews, V

William E. Matthews, V

Senior Executive Vice President and

Chief Financial Officer

Dated: July 23, 2026

EX-99.1

Filename: ssb-20260723xex99d1.htm · Sequence: 2

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

Three Months Ended

Six Months Ended

(Dollars in thousands, except per share data)

Jun. 30,

Mar. 31,

Dec. 31,

Sep. 30,

Jun. 30,

INCOME STATEMENT

2026

2025

2026

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

0.54

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

Three Months Ended

Six Months Ended

Jun. 30,

Mar. 31,

Dec. 31,

Sep. 30,

Jun. 30,

2026

2025

2026

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

13.5

13.6

13.4

Tangible equity-to-tangible assets (non-GAAP) (3)

8.7

8.6

8.8

8.5

Tier 1 leverage (6)

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

Ending Balance

(Dollars in thousands, except per share and share data)

Jun. 30,

Mar. 31,

Dec. 31,

Sep. 30,

Jun. 30,

BALANCE SHEET

2026

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

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

Three Months Ended

Jun. 30, 2026

Mar. 31, 2026

Jun. 30, 2025

(Dollars in thousands)

Average

Income/

Yield/

Average

Income/

Yield/

Average

Income/

Yield/

YIELD ANALYSIS

Balance

Expense

Rate

Balance

Expense

Rate

Balance

Expense

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%

1.84%

Overall Cost of Funds (including Demand Deposits)

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

Three Months Ended

Six Months Ended

Jun. 30,

Mar. 31,

Dec. 31,

Sep. 30,

Jun. 30,

(Dollars in thousands)

2026

2025

2026

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:

Ending Balance

(Dollars in thousands)

Jun. 30,

Mar. 31,

Dec. 31,

Sep. 30,

Jun. 30,

LOAN PORTFOLIO (7)

2026

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.

Ending Balance

(Dollars in thousands)

Jun. 30,

Mar. 31,

Dec. 31,

Sep. 30,

Jun. 30,

DEPOSITS

2026

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

Ending Balance

Jun. 30,

Mar. 31,

Dec. 31,

Sep. 30,

Jun. 30,

(Dollars in thousands)

2026

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

Three Months Ended

Jun. 30,

Mar. 31,

Dec. 31,

Sep. 30,

Jun. 30,

2026

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%

0.27%

0.21%

Net charge-offs, excluding acquisition date charge-offs, as a percentage

of average loans (annualized) *

0.06%

0.09%

0.27%

0.06%

Total nonperforming assets as a percentage of total assets

0.42%

0.48%

0.46%

0.49%

Nonperforming loans as a percentage of period end loans

0.54%

0.61%

0.62%

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:

Allowance for Credit Losses ("ACL") and Unfunded Commitments ("UFC")

(Dollars in thousands)

Non-PCD ACL

PCD ACL

Total ACL

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)

Three Months Ended

PRE-PROVISION NET REVENUE ("PPNR") (NON-GAAP)

Jun. 30, 2026

Mar. 31, 2026

Dec. 31, 2025

Sep. 30, 2025

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)

Three Months Ended

NET INTEREST MARGIN ("NIM"), TE (NON-GAAP)

Jun. 30, 2026

Mar. 31, 2026

Dec. 31, 2025

Sep. 30, 2025

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

3.85

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

Three Months Ended

Six Months Ended

(Dollars in thousands, except per share data)

Jun. 30,

Mar. 31,

Dec. 31,

Sep. 30,

Jun. 30,

RECONCILIATION OF GAAP TO NON-GAAP

2026

2025

2026

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

Three Months Ended

Six Months Ended

Jun. 30,

Mar. 31,

Dec. 31,

Sep. 30,

Jun. 30,

RECONCILIATION OF GAAP TO NON-GAAP

2026

2025

2026

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

EX-99.2

Filename: ssb-20260723xex99d2.htm · Sequence: 3

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

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

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

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

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

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

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)

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)

$—

$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

22%

Owner-Occupied

CRE

15%

C&I

18%

CDL (1)

Cons / Other

TOTAL LOAN PORTFOLIO

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

Money

Market

31%

Time

Deposits

14%

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.

• 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

$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

Business Credit

Intermediaries

Private Equity Funds

37%

Consumer Credit

Intermediaries

33%

Other Loans

to NDFIs

15%

MINIMAL EXPOSURE TO NDFIs – 2Q26

$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

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

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%

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

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.

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

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.

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

EARNINGS PRESENTATION END NOTES

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.

EARNINGS PRESENTATION END NOTES

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.

EARNINGS PRESENTATION END NOTES

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

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

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