Monitor next quarter's net interest margin and loan growth trends, as the sequential decline in NIM and NII, coupled with lower EPS, suggests margin pressure despite balance sheet expansion. The significant YoY EPS growth is largely due to an easy comparison from a weak prior-year quarter.
Price Chart
Executive Summary
SouthState Bank reported Q1 2026 earnings with diluted EPS of $2.28, a 162% year-over-year increase from $0.87, driven by strong balance sheet growth (7% loan growth, 5% deposit growth) and stable credit quality. Net interest income declined 3% quarter-over-quarter to $562M, and the net interest margin fell to 3.78%. The company maintained its quarterly dividend at $0.60 per share.
Key Financial Metrics
Key Facts
- Diluted EPS was $2.28, up 162% YoY from $0.87, but down from $2.46 in Q4 2025
- Net interest income was $562 million, down 3% sequentially from $581 million
- Net interest margin (NIM) declined to 3.78% from 3.85% in the prior quarter
- Loans grew 7% annualized to $898 million, deposits grew 5% to $730 million
- Provision for credit losses increased to $10.8 million from $6.6 million
- Dividend maintained at $0.60 per share
Financial Impact
Net interest income decreased by $19.5 million sequentially, and EPS decreased by $0.18 from the prior quarter
Risk Factors
- Declining net interest margin pressures profitability
- Increased provision for credit losses indicates potential asset quality deterioration
- Sequential decline in earnings despite balance sheet growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-047690 |
| Document: ssb-20260423x8k.htm | 0001104659-26-047690 |
| Document: ssb-20260423xex99d2.htm | 0001104659-26-047690 |
| Document: 0001104659-26-047690-index-headers.html | 0001104659-26-047690 |
| Document: 0001104659-26-047690-index.html | 0001104659-26-047690 |
| Document: 0001104659-26-047690.txt | 0001104659-26-047690 |
| 8-K Data (Synthetic) | 0001104659-26-047690 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 144 | $105.40 | awaiting T+1 | — | $105.68 (+0.27%) |
Oct 21, 2026 6d ago | 8-K | $105.22 $105.51 | ▼ −0.28% | ▼ −0.80% | $105.68 (−0.44%) |
Oct 21, 2026 6d ago | Press Release | $105.22 $105.51 | ▼ −0.28% | ▼ −0.80% | $105.68 (−0.44%) |
Oct 2, 2026 25d ago | 8-K | $101.91 $101.13 | ▼ −0.77% | ▼ −1.44% | $105.68 (+3.70%) |
Jul 23, 2026 13w ago | Press Release | $106.00 $105.16 | ▼ −0.79% | ▼ −0.81% | $105.68 (−0.30%) |
Jul 13, 2026 15w ago | 8-K | $100.44 $100.68 | ▲ +0.24% | ▼ −0.12% | $105.68 (+5.22%) |
Jul 6, 2026 16w ago | 8-K | $100.84 $99.83 | ▼ −1.00% | ▼ −0.53% | $105.68 (+4.80%) |
Jul 6, 2026 16w ago | Press Release | $100.84 $99.83 | ▼ −1.00% | ▼ −0.53% | $105.68 (+4.80%) |
Apr 23, 2026 26w ago | 8-K | $94.28 $97.84 | ▼ −3.78% | ▼ −3.62% | $105.68 (−12.10%) |
Apr 3, 2026 29w ago | 8-K | $93.57 $94.01 | ▲ +0.47% | ▲ +0.41% | $105.68 (+12.94%) |
US Market Status
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