The slight EPS miss and revenue shortfall may pressure the stock near-term, but solid loan growth, stable NIM, improving credit quality, and a 10% dividend hike provide a floor. Watch the July 24 conference call for NIM outlook and loan pipeline commentary — any guidance on deposit cost trajectory or margin stability will be the key swing factor.
Price Chart
Executive Summary
SouthState Bank reported Q2 2026 GAAP diluted EPS of $2.35, a $0.01 miss vs the $2.29 consensus estimate, and revenue (net interest income + noninterest income) of $672.7M vs $676.8M consensus. Net income rose 7% YoY to $230M, driven by 3% sequential loan growth and stable NIM of 3.78%, but the headline EPS miss and slightly below-consensus revenue temper the otherwise solid operational quarter. The board raised the quarterly dividend 10% to $0.66/share, signaling confidence in capital generation.
Key Financial Metrics
Key Facts
- Reported diluted EPS of $2.35 vs consensus $2.29 (miss of ~2.6%)
- Net income of $230M, up 7% YoY from $215M
- Net interest income of $576M, up 3% QoQ; NIM stable at 3.78%
- Loans grew $1.4B (11% annualized) QoQ; deposits up $474M (3% annualized)
- Net charge-offs of 0.06% of avg loans; ACL + UFC at 1.30% of loans
- Quarterly dividend raised 10% to $0.66/share from $0.60
- Tangible book value per share of $58.72, up 13% YoY
- Efficiency ratio improved to 50.0% from 51.1% prior quarter
Financial Impact
EPS miss of ~$0.01 vs consensus; revenue miss of ~$4M; net income $230M
Risk Factors
- Net interest margin compression if deposit costs rise or loan yields decline
- Credit deterioration in commercial real estate or construction loan book
- Slower loan growth if economic conditions weaken
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302833694 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 144 | $105.40 | awaiting T+1 | — | $105.53 (+0.12%) |
Oct 21, 2026 5d ago | 8-K | $105.22 $105.51 | ▼ −0.28% | ▼ −0.80% | $105.53 (−0.29%) |
Oct 21, 2026 5d ago | Press Release | $105.22 $105.51 | ▼ −0.28% | ▼ −0.80% | $105.53 (−0.29%) |
Oct 2, 2026 25d ago | 8-K | $101.91 $101.13 | ▼ −0.77% | ▼ −1.44% | $105.53 (+3.55%) |
Jul 23, 2026 13w ago | Press Release | $106.00 $105.16 | ▼ −0.79% | ▼ −0.81% | $105.53 (−0.44%) |
Jul 13, 2026 15w ago | 8-K | $100.44 $100.68 | ▲ +0.24% | ▼ −0.12% | $105.53 (+5.07%) |
Jul 6, 2026 16w ago | 8-K | $100.84 $99.83 | ▼ −1.00% | ▼ −0.53% | $105.53 (+4.65%) |
Jul 6, 2026 16w ago | Press Release | $100.84 $99.83 | ▼ −1.00% | ▼ −0.53% | $105.53 (+4.65%) |
Apr 23, 2026 26w ago | 8-K | $94.28 $97.84 | ▼ −3.78% | ▼ −3.62% | $105.53 (−11.94%) |
Apr 3, 2026 29w ago | 8-K | $93.57 $94.01 | ▲ +0.47% | ▲ +0.41% | $105.53 (+12.78%) |
US Market Status
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