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Dec 31, 2021
SouthState Q4 2021 Earnings Report
Reported solid results to end the year.
Key Takeaways
SouthState Corporation reported a solid fourth quarter, marked by record loan production of $3.1 billion and strong loan growth. Net interest income reached $258.1 million, with core net interest income increasing by $6.4 million from the prior quarter. The company's growth momentum, strong asset quality, and strategic positioning in growing markets contribute to an optimistic outlook.
Reported EPS of $1.52 and adjusted EPS (Non-GAAP) of $1.59.
Net income of $106.8 million and adjusted net income (Non-GAAP) of $112.1 million.
Record loan production of $3.1 billion, 19% higher than the previous quarter.
Total deposits increased $1.5 billion, or 17.7% annualized, with core deposit growth totaling $1.7 billion, or 21.8% annualized.
Forward Guidance
The combination of our growth momentum, surplus cash position, strong asset quality, and our location in growing markets makes us optimistic about our future.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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