SouthState reported second-quarter CY2026 revenue of $672.7 million, meeting Wall Street expectations and rising 1.2% year on year. Net interest income came in at $575.9 million, flat compared to the prior year and in line with analyst estimates of $577.7 million. The bank's net interest margin held steady at 3.8%, matching forecasts. Adjusted earnings per share of $2.35 beat the consensus estimate of $2.29 by 2.4%, while tangible book value per share reached $58.72, a 13% year-on-year increase that slightly exceeded the $58.32 analyst projection. CEO John C. Corbett highlighted continued progress on balance sheet growth, opportunistic hiring, share repurchases, and artificial intelligence capabilities.
SouthState CorporationAdjusted EPS beat estimates and tangible book value per share exceeded forecasts, indicating strong financial performance.