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SouthState Reports $2.30 Q3 EPS as Loans and Deposits Grow at a 9% Annualized Rate

SouthState recorded net income of $223.798 million and a 3.77% non-tax-equivalent net interest margin.

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A car enters the SouthState branch drive-through in Winter Haven, Florida, under late-afternoon sun. (AI-generated image / EconoTimes)
A car enters the SouthState branch drive-through in Winter Haven, Florida, under late-afternoon sun. (AI-generated image / EconoTimes)

SouthState Bank Corporation reported diluted EPS of $2.30 for the quarter ended Sept. 30, 2026, with loan and deposit balances each rising at an annualized 9% rate.

SouthState released unaudited results Wednesday, Oct. 21. Net income was $223.798 million; GAAP and adjusted diluted EPS each came to $2.30.

The bank booked $591.518 million in net interest income and $93.911 million in noninterest income, for $685.429 million combined. Its non-tax-equivalent net interest margin was 3.77%.

From the prior quarter, loans added $1.2 billion and deposits $1.3 billion. SouthState CEO John C. Corbett called it a quarter of “strong balance sheet growth and a stable net interest margin.”

SouthState said shareholders on record Nov. 6 will receive a $0.66 quarterly dividend per share on Nov. 13.

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