SouthState Q2 2024 Earnings Report
Key Takeaways
SouthState Corporation reported a strong second quarter in 2024, with diluted earnings per share of $1.73 and adjusted diluted EPS of $1.79. Net income reached $132.4 million, and the company announced the acquisition of Independent Bank Group, Inc.
Reported diluted EPS was $1.73; adjusted diluted EPS (Non-GAAP) was $1.79.
Net income reached $132.4 million; adjusted net income (Non-GAAP) was $137.3 million.
Loans increased by $567 million, or 7% annualized, driven by commercial and industrial and consumer real estate.
The company announced its acquisition of Independent Bank Group, Inc. on May 20, 2024.
SouthState
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SouthState Revenue by Segment
Forward Guidance
This communication contains forward-looking statements that are subject to risks and uncertainties. Actual results may differ materially from those contemplated by the forward-looking statements.