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Jun 30, 2025
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.
Revenue by Segment
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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