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Sep 30, 2024
SouthState Q3 2024 Earnings Report
SouthState produced steady growth in loans, deposits, revenue, and earnings per share
Key Takeaways
SouthState Corporation reported a net income of $143.2 million and diluted earnings per share of $1.86 for the third quarter of 2024. The corporation experienced steady growth in loans and deposits and received shareholder support for the acquisition of IBTX.
Reported Diluted Earnings per Share (“EPS”) of $1.86; Adjusted Diluted EPS (Non-GAAP) of $1.90
Net Income of $143.2 million; Adjusted Net Income (Non-GAAP) of $145.7 million
Loans increased $314 million, or 4% annualized, led by increases in consumer real estate and commercial and industrial; ending loan to deposit ratio of 89%
Deposits increased $540 million, or 6% annualized
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.comBank owned life insurance income Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
This document does not contain forward guidance.