Loading...
•
Jun 30
SouthState Q2 2025 Earnings Report
SouthState Corporation reported strong second quarter 2025 results, marked by accelerated growth in revenue and loan originations, and a successful integration of the IBTX franchise, leading to an 11% increase in quarterly cash dividend.
Key Takeaways
SouthState Corporation delivered a robust performance in the second quarter of 2025, with revenue growing 22% annualized and loan originations increasing by 57% quarter-over-quarter. The company successfully completed the conversion of the IBTX franchise, which contributed to strong returns and enabled an 11% increase in the quarterly cash dividend. Net income reached $215.2 million, and diluted EPS was $2.11, with adjusted diluted EPS at $2.30.
Reported Diluted Earnings per Share (EPS) of $2.11; Adjusted Diluted EPS (Non-GAAP) of $2.30.
Net Income of $215.2 million; Adjusted Net Income (Non-GAAP) of $233.8 million.
Revenue grew 22% annualized and loan originations grew 57% quarter over quarter.
The Board of Directors increased its quarterly cash dividend on common stock from $0.54 per share to $0.60 per share.
SouthState
SouthState
SouthState Revenue by Segment
Revenue by Segment
Fees on deposit accounts Revenue
CapyFin.comMortgage banking income Revenue
CapyFin.comTrust and investment services income Revenue
CapyFin.comCorrespondent banking and capital markets income Revenue
CapyFin.comBank owned life insurance income Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
The company's forward-looking statements indicate a focus on continued growth and successful integration of acquisitions, while acknowledging various economic and operational risks.
Positive Outlook
- Continued acceleration in revenue and loan originations.
- Successful integration of the IBTX franchise is expected to generate strong returns.
- Increased quarterly cash dividend reflects confidence in future performance.
- Strategic moves are generating strong returns and funding organic growth.
- Strong capital position with robust Tangible Common Equity, Total Risk-Based Capital, Tier 1 Leverage, and Tier 1 Common Equity ratios.
Challenges Ahead
- Economic volatility, including monetary, fiscal, and trade law policies, and inflation, could lead to higher rates, credit market deterioration, or excessive loan losses.
- Risks related to the ability to fully realize cost savings and revenue synergies from mergers, or delays/difficulties in integration.
- Potential for deposit attrition, client loss, or revenue loss following completed mergers or acquisitions.
- Interest rate risk could impact earnings, loan and securities portfolios, and equity values.
- Unexpected outflows of uninsured deposits may necessitate selling investment securities at a loss.