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Sep 30
SouthState Q3 2025 Earnings Report
SouthState Bank Corporation reported strong third-quarter 2025 results, with significant growth in revenue and net income, leading to a substantial increase in earnings per share.
Key Takeaways
SouthState Bank Corporation delivered a robust third quarter in 2025, marked by a 5% increase in top-line revenue to $699 million and a 30% year-over-year surge in diluted earnings per share to $2.42. The company achieved a net income of $246.6 million and an adjusted net income of $262.7 million, driven by successful integration efforts and growth in fee income, particularly from capital markets. The balance sheet showed healthy expansion with loans and deposits both increasing by 3%, while maintaining strong capital ratios.
Diluted EPS increased by 30% year-over-year to $2.42, with adjusted diluted EPS reaching $2.58.
Total revenue, non-tax equivalent, grew by $34 million (5%) quarter-over-quarter to $699 million.
Net income for the quarter was $246.6 million, and adjusted net income was $262.7 million.
Return on average tangible common equity (non-GAAP) stood at an impressive 19.6%, with an adjusted figure of 20.8%.
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 noninterest income Revenue
CapyFin.com Forward Guidance
The report does not contain explicit forward-looking guidance in terms of specific financial targets or outlook for future quarters. However, the company emphasizes its strategic plans and ongoing efforts to manage risks and capitalize on growth opportunities.
Positive Outlook
- Continued focus on strategic plans and growth goals in various lines of business.
- Successful integration of Independent Financial is expected to yield further cost savings and revenue synergies.
- Commitment to maintaining a strong capital position, as evidenced by current ratios.
- Ability to attract and retain qualified personnel and offer competitive compensation.
- Ongoing efforts to manage interest rate risk and optimize net interest income.
Challenges Ahead
- Economic volatility, including monetary, fiscal, and trade policies, and inflation, could lead to higher rates, credit market deterioration, or excessive loan losses.
- Risks related to the full realization of cost savings and revenue synergies from the Independent Financial merger, or potential delays/higher costs in integration.
- Deposit attrition, client loss, or revenue loss following mergers or acquisitions could be greater than anticipated.
- Potential for unexpected outflows of uninsured deposits, possibly requiring the sale of investment securities at a loss.
- Impact of increasing digitization of the banking industry and customer migration to online platforms on operations and customer base.