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Sep 30, 2022
SouthState Q3 2022 Earnings Report
Reported strong performance driven by record pre-provision net revenue, robust net interest margin expansion, and expense control.
Key Takeaways
SouthState Corporation reported very strong performance in Q3 2022, with a record for pre-provision net revenue, robust net interest margin expansion and good expense control. Net loan recoveries were also reported.
Reported EPS of $1.75; Adjusted Diluted EPS (Non-GAAP) of $1.89
Net Income of $133.0 million; Adjusted Net Income (Non-GAAP) of $143.7 million
Net Interest Income of $358 million; Core Net Interest Income (excluding loan accretion and deferred fees on PPP) (Non-GAAP) increased $47 million from prior quarter
Net recoveries of $1.3 million, or (0.02)% annualized
SouthState
SouthState
SouthState Revenue by Segment
Forward Guidance
This document does not contain forward guidance.