SouthState's second-quarter earnings call drew analyst questions on net interest margin trends, deposit mix, expense growth, construction loans, and competitive deposit pressures. CFO Steve Young told Piper Sandler's Stephen Scouten that stable margin guidance assumes mid- to upper-single digit loan growth and flat rates, while Truist Securities' John McDonald heard that non-interest-bearing deposits grew 5% with strong underlying treasury management growth. KBW's Hannah Wynn was told by CFO Will Matthews that deferred origination costs help offset compensation expenses, supporting 4% expense growth guidance. CEO John Corbett clarified to D.A. Davidson's Gary Tenner that construction loans are down year over year with planned payoffs expected in the second half, and JPMorgan's Anthony Elian learned that new money market and CD rates have stabilized and correspondent banking product launches are being tested for a 2027 rollout.
SouthState CorporationEarnings call discusses margins, deposits, and expense guidance, but no clear positive or negative outcome.
Piper Sandler Companies
Stifel Financial Corporation
JPMorgan Chase & Co