Form 8-K

8-K — SouthState Bank Corp

Accession: 0001104659-26-047690

Filed: 2026-04-23

Period: 2026-04-23

CIK: 0000764038

SIC: 6022 (STATE COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — ssb-20260423x8k.htm (Primary)

EX-99.1 (ssb-20260423xex99d1.htm)

EX-99.2 (ssb-20260423xex99d2.htm)

GRAPHIC (ssb-20260423x8k001.jpg)

GRAPHIC (ssb-20260423xex99d1001.jpg)

GRAPHIC (ssb-20260423xex99d2g001.jpg)

GRAPHIC (ssb-20260423xex99d2g002.jpg)

GRAPHIC (ssb-20260423xex99d2g003.jpg)

GRAPHIC (ssb-20260423xex99d2g004.jpg)

GRAPHIC (ssb-20260423xex99d2g005.jpg)

GRAPHIC (ssb-20260423xex99d2g006.jpg)

GRAPHIC (ssb-20260423xex99d2g007.jpg)

GRAPHIC (ssb-20260423xex99d2g008.jpg)

GRAPHIC (ssb-20260423xex99d2g009.jpg)

GRAPHIC (ssb-20260423xex99d2g010.jpg)

GRAPHIC (ssb-20260423xex99d2g011.jpg)

GRAPHIC (ssb-20260423xex99d2g012.jpg)

GRAPHIC (ssb-20260423xex99d2g013.jpg)

GRAPHIC (ssb-20260423xex99d2g014.jpg)

GRAPHIC (ssb-20260423xex99d2g015.jpg)

GRAPHIC (ssb-20260423xex99d2g016.jpg)

GRAPHIC (ssb-20260423xex99d2g017.jpg)

GRAPHIC (ssb-20260423xex99d2g018.jpg)

GRAPHIC (ssb-20260423xex99d2g019.jpg)

GRAPHIC (ssb-20260423xex99d2g020.jpg)

GRAPHIC (ssb-20260423xex99d2g021.jpg)

GRAPHIC (ssb-20260423xex99d2g022.jpg)

GRAPHIC (ssb-20260423xex99d2g023.jpg)

GRAPHIC (ssb-20260423xex99d2g024.jpg)

GRAPHIC (ssb-20260423xex99d2g025.jpg)

GRAPHIC (ssb-20260423xex99d2g026.jpg)

GRAPHIC (ssb-20260423xex99d2g027.jpg)

GRAPHIC (ssb-20260423xex99d2g028.jpg)

GRAPHIC (ssb-20260423xex99d2g029.jpg)

GRAPHIC (ssb-20260423xex99d2g030.jpg)

GRAPHIC (ssb-20260423xex99d2g031.jpg)

GRAPHIC (ssb-20260423xex99d2g032.jpg)

GRAPHIC (ssb-20260423xex99d2g033.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: ssb-20260423x8k.htm · Sequence: 1

SOUTHSTATE BANK CORP_April 23, 2026

0000764038false00007640382026-04-232026-04-23

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 23, 2026

SOUTHSTATE BANK CORPORATION

(Exact name of registrant as specified in its charter)

Florida

(State or Other Jurisdiction of

Incorporation)

001-12669

(Commission File Number)

39-3424417

(IRS Employer

Identification No.)

1101 First Street South, Suite 202

Winter Haven, FL

(Address of principal executive offices)

33880

(Zip Code)

(863) 293-4710

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, par value $2.50 per share

SSB

The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02

Results of Operations and Financial Condition.

On April 23, 2026, SouthState Bank Corporation (“SouthState” or the “Company”) issued a press release announcing its financial results for the three-month period ended March 31, 2026, along with certain other financial information. Copies of the Company’s press release and presentation are attached as Exhibit 99.1 and 99.2, respectively, to this report and incorporated herein by reference.

SouthState will host a conference call on April 24, 2026 at 9 a.m. (ET) to discuss the Company’s first quarter 2026 results. Investors may call in (toll free) by dialing (888) 350-3899 within the U.S. and (646) 960-0343 for all other locations (passcode 4200408; host: Will Matthews, CFO). The numbers for international participants are listed at https://events.q4irportal.com/custom/access/2324/. Participants may also pre-register for the conference by navigating to https://events.q4inc.com/attendee/361570488. Access detail will be provided via email upon completion of registration.

Item 7.01

Regulation FD Disclosure.

On April 23, 2026, the Company also made available the presentation (“Presentation”) prepared for use with the press release during the earnings conference call on April 24, 2026. Attached hereto and incorporated herein as Exhibit 99.2 is the text of that presentation.

The information contained in this Item 7.01 of this Current Report, including the information set forth in the Presentation filed as Exhibit 99.2 to, and incorporated in, this Current Report, is being "furnished" and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 8.01

Other Events.

Second Quarter 2026 Shareholder Dividend

The Board of Directors of the Company declared a quarterly cash dividend on its common stock of $0.60 per share, payable on May 15, 2026 to shareholders of record as of May 8, 2026.

Item 9.01

Financial Statements and Exhibits.

(d)

Exhibits:

Exhibit No.

Description

99.1

Press Release, dated April 23, 2026

99.2

Presentation for SouthState Bank Corporation Earnings Call

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

Cautionary Statement Regarding Forward Looking Statements

Statements included in this communication contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of management of SouthState Bank Corporation (“SouthState”) and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward looking statements.

Factors that could cause SouthState’s actual results to differ materially from those described in the forward looking statements are discussed in SouthState’s Annual Report on Form 10 K for the year ended December 31, 2025, filed with the Securities and Exchange Commission and available on SouthState’s website (https://southstatecorporation.q4ir.com/SEC-Filings/Documents/default.aspx), and on the Securities and Exchange Commission's website (www.sec.gov). SouthState undertakes no obligation to update any forward looking statements.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SOUTHSTATE BANK CORPORATION

(Registrant)

By:

/s/ William E. Matthews, V

William E. Matthews, V

Senior Executive Vice President and

Chief Financial Officer

Dated: April 23, 2026

EX-99.1

Filename: ssb-20260423xex99d1.htm · Sequence: 2

Exhibit 99.1

SouthState Bank Corporation Reports First Quarter 2026 Results

Declares Quarterly Cash Dividend

For Immediate Release

Media Contact

Jackie Smith, 803.231.3486

WINTER HAVEN, FL – April 23, 2026 – SouthState Bank Corporation (“SouthState” or the “Company”) (NYSE: SSB) today released its unaudited results of operations and other financial information for the three-month period ended March 31, 2026.

“SouthState opened the year with strong momentum, posting solid balance sheet growth, record pipeline activity, and healthy profitability,” said John C. Corbett, SouthState’s Chief Executive Officer. “On an annualized basis, loans increased 7% and deposits grew 5%, and we continue to attract talented commercial bankers who are helping drive future growth. Asset quality remains strong, with annualized net charge-offs of just 9 basis points. In terms of profitability, we delivered a return on average assets of 1.37%. Over the past year, tangible book value per share increased 14%, even as we repurchased nearly 4% of our shares — underscoring our confidence in SouthState’s performance and our commitment to creating long-term value for shareholders.”

Highlights of the first quarter of 2026 include:

Returns

● Reported diluted Earnings per Share (“EPS”) and Adjusted Diluted EPS (Non-GAAP) of $2.28, up 162% year over year on a reported basis and 6% year over year on an adjusted basis

● Net Income of $225.8 million

● Return on Average Common Equity of 10.1%; Return on Average Tangible Common Equity (Non-GAAP) of 17.6%*

● Return on Average Assets (“ROAA”) of 1.37%*

● Book Value per Share of $92.21

● Tangible Book Value (“TBV”) per Share (Non-GAAP) of $56.90, an increase of 14% year over year, after raising the dividend by 11%, and repurchasing nearly 4% of the Company’s shares

Performance

● Net Interest Income of $562 million, an increase of $17 million, or 3%, year over year and a decrease of $20 million, or 3%, compared to the prior quarter

● Noninterest Income of $100 million, an increase of $14 million year over year and a decrease of $6 million compared to the prior quarter, driven primarily by correspondent banking and capital markets income; Noninterest Income represented 0.61% of average assets for the first quarter of 2026*

● Net Interest Margin (“NIM”), non-tax equivalent and tax equivalent (Non-GAAP), of 3.78% and 3.79%, respectively

● Net charge-offs totaled $10.5 million, or 0.09%* of average loans

● $10.8 million of Provision for Credit Losses (“PCL”); total Allowance for Credit Losses (“ACL”) plus reserve for unfunded commitments of 1.32% of loans

● Efficiency Ratio of 51%

Balance Sheet

● Loans increased by $898 million, or 7%*, and deposits increased by $730 million, or 5%*; ending loan to deposit ratio of 89%

● Total loan yield of 5.96%, down 0.17% from prior quarter

● Total deposit cost of 1.76%, down 0.06% from prior quarter

● Strong capital position with Tangible Common Equity, Total Risk-Based Capital, Tier 1 Leverage, and Tier 1 Common Equity ratios of 8.6%, 13.7%, 9.4%, and 11.3%, respectively†

Subsequent Events

● The Board of Directors of the Company declared a quarterly cash dividend on its common stock of $0.60 per share, payable on May 15, 2026 to shareholders of record as of May 8, 2026

∗ Annualized percentages

† Preliminary

Financial Performance

Three Months Ended

(Dollars in thousands, except per share data)

Mar. 31,

Dec. 31,

Sep. 30,

Jun. 30,

Mar. 31,

INCOME STATEMENT

2026

2025

Interest Income

Loans, including fees (1)

721,571

748,106

782,382

746,448

724,640

Investment securities, trading securities, federal funds sold and securities

purchased under agreements to resell

95,258

100,640

99,300

94,056

83,926

Total interest income

816,829

848,746

881,682

840,504

808,566

Interest Expense

Deposits

238,522

250,189

257,271

241,593

245,957

Federal funds purchased, securities sold under agreements

to repurchase, and other borrowings

16,702

17,442

24,714

20,963

18,062

Total interest expense

255,224

267,631

281,985

262,556

264,019

Net Interest Income

561,605

581,115

599,697

577,948

544,547

Provision for credit losses

10,808

6,605

5,085

7,505

100,562

Net Interest Income after Provision for Credit Losses

550,797

574,510

594,612

570,443

443,985

Noninterest Income

Operating income

100,098

105,753

99,086

86,817

85,620

Securities losses, net

—

(228,811)

Gain on sale leaseback, net of transaction costs

—

229,279

Total noninterest income

100,098

105,753

99,086

86,817

86,088

Noninterest Expense

Operating expense

359,524

364,196

351,453

350,682

340,820

Merger, branch consolidation, severance related, and other expense (8)

—

4,494

20,889

24,379

68,006

FDIC special assessment

—

(3,835)

—

Total noninterest expense

359,524

364,855

372,342

375,061

408,826

Income before Income Tax Provision

291,371

315,408

321,356

282,199

121,247

Income tax provision

65,551

67,686

74,715

66,975

32,167

Net Income

225,820

247,722

246,641

215,224

89,080

Adjusted Net Income (non-GAAP) (2)

Net Income (GAAP)

225,820

247,722

246,641

215,224

89,080

Securities losses, net of tax

—

178,639

Gain on sale leaseback, net of transaction costs and tax

—

(179,004)

Initial provision for credit losses - Non-PCD loans and UFC from Independent, net of tax

—

71,892

Merger, branch consolidation, severance related, and other expense, net of tax (8)

—

3,529

16,032

18,593

53,094

Deferred tax asset remeasurement

—

5,581

FDIC special assessment, net of tax

—

(3,012)

—

Adjusted Net Income (non-GAAP)

225,820

248,239

262,673

233,817

219,282

Basic earnings per common share

2.29

2.48

2.44

2.12

0.88

Diluted earnings per common share

2.28

2.46

2.42

2.11

0.87

Adjusted net income per common share - Basic (non-GAAP) (2)

2.29

2.48

2.60

2.30

2.16

Adjusted net income per common share - Diluted (non-GAAP) (2)

2.28

2.47

2.58

2.30

2.15

Dividends per common share

0.60

0.54

Basic weighted-average common shares outstanding

98,544,242

100,063,315

101,218,431

101,495,456

101,409,624

Diluted weighted-average common shares outstanding

98,922,258

100,618,796

101,735,095

101,845,360

101,828,600

Effective tax rate

22.50%

21.46%

23.25%

23.73%

26.53%

Adjusted effective tax rate

22.50%

21.46%

23.25%

23.73%

21.93%

Performance and Capital Ratios

Three Months Ended

Mar. 31,

Dec. 31,

Sep. 30,

Jun. 30,

Mar. 31,

2026

2025

PERFORMANCE RATIOS

Return on average assets (annualized)

1.37

1.47

1.49

1.34

0.56

Adjusted return on average assets (annualized) (non-GAAP) (2)

1.37

1.48

1.59

1.45

1.38

Return on average common equity (annualized)

10.11

10.90

11.04

9.93

4.29

Adjusted return on average common equity (annualized) (non-GAAP) (2)

10.11

10.92

11.75

10.79

10.56

Return on average tangible common equity (annualized) (non-GAAP) (3)

17.59

19.10

19.62

18.17

8.99

Adjusted return on average tangible common equity (annualized) (non-GAAP) (2) (3)

17.59

19.14

20.81

19.61

19.85

Efficiency ratio (tax equivalent)

51.05

49.65

49.88

52.75

60.97

Adjusted efficiency ratio (non-GAAP) (4)

51.05

49.56

46.89

49.09

50.24

Dividend payout ratio (5)

26.12

24.23

24.59

25.47

61.45

Book value per common share

92.21

91.38

89.14

86.71

84.99

Tangible book value per common share (non-GAAP) (3)

56.90

56.27

54.48

51.96

50.07

CAPITAL RATIOS

Equity-to-assets

13.3

13.5

13.6

13.4

13.2

Tangible equity-to-tangible assets (non-GAAP) (3)

8.6

8.8

8.5

8.2

Tier 1 leverage (6)

9.4

9.3

9.4

9.2

8.9

Tier 1 common equity (6)

11.3

11.4

11.5

11.2

11.0

Tier 1 risk-based capital (6)

11.3

11.4

11.5

11.2

11.0

Total risk-based capital (6)

13.7

13.8

14.0

14.5

13.7

Balance Sheet

Ending Balance

(Dollars in thousands, except per share and share data)

Mar. 31,

Dec. 31,

Sep. 30,

Jun. 30,

Mar. 31,

BALANCE SHEET

2026

2025

Assets

Cash and due from banks

598,218

583,375

582,792

755,798

688,153

Federal funds sold and interest-earning deposits with banks

2,268,864

2,589,108

2,561,663

2,708,308

2,611,537

Cash and cash equivalents

2,867,082

3,172,483

3,144,455

3,464,106

3,299,690

Trading securities, at fair value

117,590

110,183

107,519

95,306

107,401

Investment securities:

Securities held to maturity

2,007,249

2,048,030

2,096,727

2,145,991

2,195,980

Securities available for sale, at fair value

6,530,348

6,313,756

6,042,800

5,927,867

5,853,369

Other investments

370,924

353,428

366,218

357,487

345,695

Total investment securities

8,908,521

8,715,214

8,505,745

8,431,345

8,395,044

Loans held for sale

327,935

345,343

346,673

318,985

357,918

Loans:

Purchased credit deteriorated

2,818,360

2,977,499

3,160,359

3,409,186

3,634,490

Purchased non-credit deteriorated

10,714,489

11,232,414

11,877,828

12,492,553

13,084,853

Non-acquired

35,963,934

34,388,614

32,629,724

31,365,508

30,047,389

Less allowance for credit losses

(585,882)

(585,197)

(590,133)

(621,046)

(623,690)

Loans, net

48,910,901

48,013,330

47,077,778

46,646,201

46,143,042

Premises and equipment, net

993,584

994,176

961,510

964,878

946,334

Bank owned life insurance

1,302,382

1,293,574

1,285,532

1,280,632

1,273,472

Mortgage servicing rights

90,018

84,032

84,491

85,836

87,742

Core deposit and other intangibles

364,686

386,326

409,890

433,458

455,443

Goodwill

3,094,059

3,088,059

Other assets

1,002,465

988,692

1,030,558

1,078,516

981,309

Total assets

67,979,223

67,197,412

66,048,210

65,893,322

65,135,454

Liabilities and Shareholders' Equity

Deposits:

Noninterest-bearing

13,650,799

13,375,697

13,430,459

13,719,030

13,757,255

Interest-bearing

42,224,864

41,770,100

40,642,810

39,977,931

39,580,360

Total deposits

55,875,663

55,145,797

54,073,269

53,696,961

53,337,615

Federal funds purchased and securities

sold under agreements to repurchase

643,386

618,215

594,092

630,558

679,337

Other borrowings

696,642

696,536

696,429

1,099,705

752,798

Reserve for unfunded commitments

69,229

69,619

68,538

64,693

62,253

Other liabilities

1,663,387

1,608,137

1,604,756

1,600,271

1,679,090

Total liabilities

58,948,307

58,138,304

57,037,084

57,092,188

56,511,093

Shareholders' equity:

Common stock - $2.50 par value; authorized 160,000,000 shares

244,844

247,845

252,723

253,745

253,698

Surplus

6,332,285

6,480,471

6,647,952

6,679,028

6,667,277

Retained earnings

2,779,896

2,614,173

2,426,463

2,240,470

2,080,053

Accumulated other comprehensive loss

(326,109)

(283,381)

(316,012)

(372,109)

(376,667)

Total shareholders' equity

9,030,916

9,059,108

9,011,126

8,801,134

8,624,361

Total liabilities and shareholders' equity

67,979,223

67,197,412

66,048,210

65,893,322

65,135,454

Common shares issued and outstanding

97,937,653

99,138,204

101,089,231

101,498,000

101,479,065

Net Interest Income and Margin

Three Months Ended

Mar. 31, 2026

Dec. 31, 2025

Mar. 31, 2025

(Dollars in thousands)

Average

Income/

Yield/

Average

Income/

Yield/

Average

Income/

Yield/

YIELD ANALYSIS

Balance

Expense

Rate

Balance

Expense

Rate

Balance

Expense

Rate

Interest-Earning Assets:

Federal funds sold and interest-earning deposits with banks

1,881,020

15,792

3.40%

2,703,627

25,580

3.75%

2,199,800

22,540

4.16%

Investment securities

9,221,416

79,466

3.49%

8,760,360

75,060

3.40%

8,325,775

61,386

2.99%

Loans held for sale

223,084

3,732

6.78%

298,600

5,201

6.91%

174,833

3,678

8.53%

Total loans held for investment

48,875,656

717,839

5.96%

48,109,526

742,905

6.13%

46,797,045

720,962

6.25%

Total interest-earning assets

60,201,176

816,829

5.50%

59,872,113

848,746

5.62%

57,497,453

808,566

5.70%

Noninterest-earning assets

6,726,355

6,767,257

6,785,973

Total Assets

66,927,531

66,639,370

64,283,426

Interest-Bearing Liabilities ("IBL"):

Transaction and money market accounts

31,499,841

172,453

2.22%

30,598,366

178,129

2.31%

29,249,015

176,949

2.45%

Savings deposits

2,822,510

1,642

0.24%

2,834,358

1,827

0.26%

2,904,961

1,944

0.27%

Certificates and other time deposits

7,215,388

64,427

3.62%

7,560,350

70,233

3.69%

7,165,188

67,064

3.80%

Federal funds purchased

295,207

2,635

3.62%

334,401

3,297

3.91%

323,400

3,479

4.36%

Repurchase agreements

319,873

1,561

1.98%

294,259

1,462

1.97%

298,305

1,430

1.94%

Other borrowings

696,597

12,506

7.28%

696,485

12,683

7.22%

812,136

13,153

6.57%

Total interest-bearing liabilities

42,849,416

255,224

2.42%

42,318,219

267,631

2.51%

40,753,005

264,019

2.63%

Noninterest-bearing deposits

13,359,214

13,644,784

13,493,329

Other noninterest-bearing liabilities

1,661,672

1,656,851

1,618,980

Shareholders' equity

9,057,229

9,019,516

8,418,112

Total Non-IBL and shareholders' equity

24,078,115

24,321,151

23,530,421

Total Liabilities and Shareholders' Equity

66,927,531

66,639,370

64,283,426

Net Interest Income and Margin (Non-Tax Equivalent)

561,605

3.78%

581,115

3.85%

544,547

3.84%

Net Interest Margin (Tax Equivalent) (non-GAAP)

3.79%

3.86%

3.85%

Total Deposit Cost (without Debt and Other Borrowings)

1.76%

1.82%

1.89%

Overall Cost of Funds (including Demand Deposits)

1.84%

1.90%

1.97%

Total Accretion on Acquired Loans (1)

38,786

50,327

61,798

Tax Equivalent ("TE") Adjustment

760

800

784

● The remaining loan discount on acquired loans to be accreted into loan interest income totals $219.0 million as of March 31, 2026.

Noninterest Income and Expense

Three Months Ended

Mar. 31,

Dec. 31,

Sep. 30,

Jun. 30,

Mar. 31,

(Dollars in thousands)

2026

2025

Noninterest Income:

Fees on deposit accounts

38,699

41,950

42,572

37,869

35,933

Mortgage banking income

11,016

5,158

5,462

5,936

7,737

Trust and investment services income

14,471

14,684

14,157

14,419

14,932

Correspondent banking and capital markets income

24,427

30,638

25,522

19,161

16,715

Expense on centrally-cleared variation margin

(3,000)

(3,167)

(4,318)

(5,394)

(7,170)

Total correspondent banking and capital markets income

21,427

27,471

21,204

13,767

9,545

Bank owned life insurance income

9,494

9,633

10,597

9,153

10,199

Other

4,991

6,857

5,094

5,673

7,275

Securities losses, net

—

(228,811)

Gain on sale leaseback, net of transaction costs

—

229,279

Total Noninterest Income

100,098

105,753

99,086

86,817

86,088

Noninterest Expense:

Salaries and employee benefits

205,653

202,714

199,148

200,162

195,811

Occupancy expense

42,302

42,567

40,874

41,507

35,493

Information services expense

29,704

30,443

28,988

30,155

31,362

OREO and loan related expense

4,378

867

5,427

2,295

1,784

Business development and staff related

11,362

13,485

8,907

7,182

6,510

Amortization of intangibles

21,304

23,417

23,426

24,048

23,831

Professional fees

5,239

7,410

4,994

4,658

4,709

Supplies and printing expense

3,254

3,594

3,278

3,970

3,128

FDIC assessment and other regulatory charges

10,257

9,884

8,374

11,469

11,258

Advertising and marketing

3,325

4,710

2,980

3,010

2,290

Other operating expenses

22,746

25,105

25,057

22,226

24,644

Merger, branch consolidation, severance related and other expense (8)

—

4,494

20,889

24,379

68,006

FDIC special assessment

—

(3,835)

—

Total Noninterest Expense

359,524

364,855

372,342

375,061

408,826

Loans and Deposits

The following table presents a summary of the loan portfolio by type:

Ending Balance

(Dollars in thousands)

Mar. 31,

Dec. 31,

Sep. 30,

Jun. 30,

Mar. 31,

LOAN PORTFOLIO (7)

2026

2025

Construction and land development * †

2,592,908

2,548,360

2,678,971

3,323,923

3,497,909

Investor commercial real estate*

18,298,938

17,883,913

17,603,205

16,953,410

16,822,119

Commercial owner occupied real estate

7,671,535

7,576,991

7,529,075

7,497,906

7,417,116

Commercial and industrial

9,385,926

9,181,408

8,644,636

8,445,878

8,106,484

Consumer real estate *

10,573,897

10,450,223

10,202,026

10,038,369

9,838,952

Consumer/other

973,579

957,632

1,009,998

1,007,761

1,084,152

Total Loans

49,496,783

48,598,527

47,667,911

47,267,247

46,766,732

Single family home construction-to-permanent loans originated by the Company’s mortgage banking division are included in construction and land development category until completion. Investor commercial real estate loans include commercial non-owner occupied real estate and other income producing property. Consumer real estate includes consumer owner occupied real estate and home equity loans.

†

Includes single family home construction-to-permanent loans of $360.4 million, $342.8 million, $350.2 million, $371.1 million, and $343.5 million for the quarters ended March 31, 2036, December 31, 2025, September 30, 2025, June 30, 2025, and March 31, 2025, respectively.

Ending Balance

(Dollars in thousands)

Mar. 31,

Dec. 31,

Sep. 30,

Jun. 30,

Mar. 31,

DEPOSITS

2026

2025

Noninterest-bearing checking

13,650,799

13,375,697

13,430,459

13,719,030

13,757,255

Interest-bearing checking

14,119,614

13,838,558

12,906,408

12,607,205

12,034,973

Savings

2,841,408

2,820,621

2,853,410

2,889,670

2,939,407

Money market

18,014,140

17,751,688

17,251,469

16,772,597

17,447,738

Time deposits

7,249,702

7,359,233

7,631,523

7,708,459

7,158,242

Total Deposits

55,875,663

55,145,797

54,073,269

53,696,961

53,337,615

Asset Quality

Ending Balance

Mar. 31,

Dec. 31,

Sep. 30,

Jun. 30,

Mar. 31,

(Dollars in thousands)

2026

2025

NONPERFORMING ASSETS:

Non-acquired

Non-acquired nonaccrual loans and restructured loans on nonaccrual

177,158

161,975

146,751

141,910

151,673

Accruing loans past due 90 days or more

6,915

2,997

4,352

3,687

3,273

Non-acquired OREO and other nonperforming assets

8,339

5,273

11,969

17,288

2,290

Total non-acquired nonperforming assets

192,412

170,245

163,072

162,885

157,236

Acquired

Acquired nonaccrual loans and restructured loans on nonaccrual

116,002

135,179

149,695

151,466

116,691

Accruing loans past due 90 days or more

1,986

1,944

891

707

537

Acquired OREO and other nonperforming assets

18,155

3,901

7,147

8,783

5,976

Total acquired nonperforming assets

136,143

141,024

157,733

160,956

123,204

Total nonperforming assets

328,555

311,269

320,805

323,841

280,440

Three Months Ended

Mar. 31,

Dec. 31,

Sep. 30,

Jun. 30,

Mar. 31,

2026

2025

ASSET QUALITY RATIOS (7):

Allowance for credit losses as a percentage of loans

1.18%

1.20%

1.24%

1.31%

1.33%

Allowance for credit losses, including reserve for unfunded commitments,

as a percentage of loans

1.32%

1.35%

1.38%

1.45%

1.47%

Allowance for credit losses as a percentage of nonperforming loans

193.96%

193.71%

195.61%

208.57%

229.15%

Net charge-offs as a percentage of average loans (annualized)

0.09%

0.27%

0.21%

0.38%

Net charge-offs, excluding acquisition date charge-offs, as a percentage

of average loans (annualized) *

0.09%

0.27%

0.06%

0.04%

Total nonperforming assets as a percentage of total assets

0.48%

0.46%

0.49%

0.43%

Nonperforming loans as a percentage of period end loans

0.61%

0.62%

0.63%

0.58%

* Excluding acquisition date charge-offs recorded in connection with the Independent merger.

Current Expected Credit Losses (“CECL”)

Below is a table showing the roll forward of the ACL and UFC for the first quarter of 2026:

Allowance for Credit Losses ("ACL") and Unfunded Commitments ("UFC")

(Dollars in thousands)

Non-PCD ACL

PCD ACL

Total ACL

UFC

Ending balance 12/31/2025

516,041

69,156

585,197

69,619

Charge offs

(12,848)

—

(12,848)

—

Acquired charge offs

(747)

(839)

(1,586)

—

Recoveries

2,805

—

2,805

—

Acquired recoveries

228

888

1,116

—

Provision for credit losses

15,140

(3,942)

11,198

(390)

Ending balance 3/31/2026

520,619

65,263

585,882

69,229

Period end loans

46,678,423

2,818,360

49,496,783

N/A

Allowance for Credit Losses to Loans

1.12%

2.32%

1.18%

N/A

Unfunded commitments (off balance sheet) †

12,009,859

Reserve to unfunded commitments (off balance sheet)

0.58%

† Unfunded commitments exclude unconditionally cancelable commitments and letters of credit.

Conference Call

The Company will host a conference call to discuss its first quarter results at 9:00 a.m. Eastern Time on April 24, 2026. Callers wishing to participate may call toll-free by dialing (888) 350-3899 within the US and (646) 960-0343 for all other locations. The numbers for international participants are listed at https://events.q4irportal.com/custom/access/2324/. The conference ID number is 4200408. Alternatively, individuals may listen to the live webcast of the presentation by visiting SouthStateBank.com. An audio replay of the live webcast is expected to be available by the evening of April 24, 2026 on the Investor Relations section of SouthStateBank.com.

SouthState is a financial services company headquartered in Winter Haven, Florida. SouthState Bank, N.A., the company’s nationally chartered bank subsidiary, provides consumer, commercial, mortgage and wealth management solutions to more than 1.8 million customers throughout Florida, Texas, the Carolinas, Georgia, Colorado, Alabama, Virginia and Tennessee. The bank also serves clients nationwide through its correspondent banking division. Additional information is available at SouthStateBank.com.

###

Non-GAAP Measures

Statements included in this press release include non-GAAP measures and should be read along with the accompanying tables that provide a reconciliation of non-GAAP measures to GAAP measures. Although other companies may use calculation methods that differ from those used by SouthState for non-GAAP measures, management believes that these non-GAAP measures provide additional useful information, which allows readers to evaluate the ongoing performance of the Company. Non-GAAP measures should not be considered as an alternative to any measure of performance or financial condition as promulgated under GAAP, and investors should consider the Company's performance and financial condition as reported under GAAP and all other relevant information when assessing the performance or financial condition of the Company. Non-GAAP measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the Company's results or financial condition as reported under GAAP.

(Dollars in thousands)

Three Months Ended

PRE-PROVISION NET REVENUE ("PPNR") (NON-GAAP)

Mar. 31, 2026

Dec. 31, 2025

Sep. 30, 2025

Jun. 30, 2025

Mar. 31, 2025

Net income (GAAP)

225,820

247,722

246,641

215,224

89,080

Provision (recovery) for credit losses

10,808

6,605

5,085

7,505

100,562

Income tax provision

65,551

67,686

74,715

66,975

26,586

Income tax provision - deferred tax asset remeasurement

—

5,581

Securities losses, net

—

228,811

Gain on sale leaseback, net of transaction costs

—

(229,279)

Merger, branch consolidation, severance related and other expense (8)

—

4,494

20,889

24,379

68,006

FDIC special assessment

—

(3,835)

—

Pre-provision net revenue (PPNR) (Non-GAAP)

302,179

322,672

347,330

314,083

289,347

(Dollars in thousands)

Three Months Ended

NET INTEREST MARGIN ("NIM"), TE (NON-GAAP)

Mar. 31, 2026

Dec. 31, 2025

Sep. 30, 2025

Jun. 30, 2025

Mar. 31, 2025

Net interest income (GAAP)

561,605

581,115

599,697

577,948

544,547

Total average interest-earning assets

60,201,176

59,872,113

58,727,110

57,710,001

57,497,453

NIM, non-tax equivalent

3.78

3.85

4.05

4.02

3.84

Tax equivalent adjustment (included in NIM, TE)

760

800

718

672

784

Net interest income, tax equivalent (Non-GAAP)

562,365

581,915

600,415

578,620

545,331

NIM, TE (Non-GAAP)

3.79

3.86

4.06

4.02

3.85

Three Months Ended

(Dollars in thousands, except per share data)

Mar. 31,

Dec. 31,

Sep. 30,

Jun. 30,

Mar. 31,

RECONCILIATION OF GAAP TO NON-GAAP

2026

2025

Adjusted Net Income (non-GAAP) (2)

Net income (GAAP)

225,820

247,722

246,641

215,224

89,080

Securities losses, net of tax

—

178,639

Gain on sale leaseback, net of transaction costs and tax

—

(179,004)

PCL - Non-PCD loans and UFC, net of tax

—

71,892

Merger, branch consolidation, severance related and other expense, net of tax (8)

—

3,529

16,032

18,593

53,094

Deferred tax asset remeasurement

—

5,581

FDIC special assessment, net of tax

—

(3,012)

—

Adjusted net income (non-GAAP)

225,820

248,239

262,673

233,817

219,282

Adjusted Net Income per Common Share - Basic (non-GAAP) (2)

Earnings per common share - Basic (GAAP)

2.29

2.48

2.44

2.12

0.88

Effect to adjust for securities losses, net of tax

—

1.76

Effect to adjust for gain on sale leaseback, net of transaction costs and tax

—

(1.77)

Effect to adjust for PCL - Non-PCD loans and UFC, net of tax

—

0.71

Effect to adjust for merger, branch consolidation, severance related and other expense, net of tax (8)

—

0.03

0.16

0.18

0.52

Effect to adjust for deferred tax asset remeasurement

—

0.06

Effect to adjust for FDIC special assessment, net of tax

—

(0.03)

—

Adjusted net income per common share - Basic (non-GAAP)

2.29

2.48

2.60

2.30

2.16

Adjusted Net Income per Common Share - Diluted (non-GAAP) (2)

Earnings per common share - Diluted (GAAP)

2.28

2.46

2.42

2.11

0.87

Effect to adjust for securities losses, net of tax

—

1.76

Effect to adjust for gain on sale leaseback, net of transaction costs and tax

—

(1.76)

Effect to adjust for PCL - Non-PCD loans and UFC, net of tax

—

0.71

Effect to adjust for merger, branch consolidation, severance related and other expense, net of tax (8)

—

0.04

0.16

0.19

0.52

Effect to adjust for deferred tax remeasurement

—

0.05

Effect to adjust for FDIC special assessment, net of tax

—

(0.03)

—

Adjusted net income per common share - Diluted (non-GAAP)

2.28

2.47

2.58

2.30

2.15

Adjusted Return on Average Assets (non-GAAP) (2)

Return on average assets (GAAP)

1.37

1.47

1.49

1.34

0.56

Effect to adjust for securities losses, net of tax

—

1.13

Effect to adjust for gain on sale leaseback, net of transaction costs and tax

—

(1.13)

Effect to adjust for PCL - Non-PCD loans and UFC, net of tax

—

0.45

Effect to adjust for merger, branch consolidation, severance related and other expense, net of tax (8)

—

0.03

0.10

0.11

0.33

Effect to adjust for deferred tax remeasurement

—

0.04

Effect to adjust for FDIC special assessment, net of tax

—

(0.02)

—

Adjusted return on average assets (non-GAAP)

1.37

1.48

1.59

1.45

1.38

Adjusted Return on Average Common Equity (non-GAAP) (2)

Return on average common equity (GAAP)

10.11

10.90

11.04

9.93

4.29

Effect to adjust for securities losses, net of tax

—

8.61

Effect to adjust for gain on sale leaseback, net of transaction costs and tax

—

(8.63)

Effect to adjust for PCL - Non-PCD loans and UFC, net of tax

—

3.46

Effect to adjust for merger, branch consolidation, severance related and other expense, net of tax (8)

—

0.15

0.71

0.86

2.56

Effect to adjust for deferred tax remeasurement

—

0.27

Effect to adjust for FDIC special assessment, net of tax

—

(0.13)

—

Adjusted return on average common equity (non-GAAP)

10.11

10.92

11.75

10.79

10.56

Return on Average Common Tangible Equity (non-GAAP) (3)

Return on average common equity (GAAP)

10.11

10.90

11.04

9.93

4.29

Effect to adjust for intangible assets

7.48

8.20

8.58

8.24

4.70

Return on average tangible equity (non-GAAP)

17.59

19.10

19.62

18.17

8.99

Adjusted Return on Average Common Tangible Equity (non-GAAP) (2) (3)

Return on average common equity (GAAP)

10.11

10.90

11.04

9.93

4.29

Effect to adjust for securities losses, net of tax

—

8.61

Effect to adjust for gain on sale leaseback, net of transaction costs and tax

—

(8.63)

Effect to adjust for PCL - Non-PCD loans and UFC, net of tax

—

3.46

Effect to adjust for merger, branch consolidation, severance related and other expense, net of tax (8)

—

0.15

0.71

0.86

2.56

Effect to adjust for deferred tax remeasurement

—

0.27

Effect to adjust for FDIC special assessment, net of tax

—

(0.13)

—

Effect to adjust for intangible assets, net of tax

7.48

8.22

9.06

8.82

9.29

Adjusted return on average common tangible equity (non-GAAP)

17.59

19.14

20.81

19.61

19.85

Three Months Ended

Mar. 31,

Dec. 31,

Sep. 30,

Jun. 30,

Mar. 31,

RECONCILIATION OF GAAP TO NON-GAAP

2026

2025

Adjusted Efficiency Ratio (non-GAAP) (4)

Efficiency ratio

51.05

49.65

49.88

52.75

60.97

Effect to adjust for securities losses

—

(13.35)

Effect to adjust for gain on sale leaseback, net of transaction costs

—

13.39

Effect to adjust for merger, branch consolidation, severance related and other expense (8)

—

(0.65)

(2.99)

(3.66)

(10.77)

Effect to adjust for FDIC special assessment

—

0.56

—

Adjusted efficiency ratio

51.05

49.56

46.89

49.09

50.24

Tangible Book Value Per Common Share (non-GAAP) (3)

Book value per common share (GAAP)

92.21

91.38

89.14

86.71

84.99

Effect to adjust for intangible assets

(35.31)

(35.11)

(34.66)

(34.75)

(34.92)

Tangible book value per common share (non-GAAP)

56.90

56.27

54.48

51.96

50.07

Tangible Equity-to-Tangible Assets (non-GAAP) (3)

Equity-to-assets (GAAP)

13.28

13.48

13.64

13.36

13.24

Effect to adjust for intangible assets

(4.64)

(4.72)

(4.83)

(4.90)

(4.99)

Tangible equity-to-tangible assets (non-GAAP)

8.64

8.76

8.81

8.46

8.25

Certain prior period information has been reclassified to conform to the current period presentation, and these reclassifications have no impact on net income or equity as previously reported.

Footnotes to tables:

(1) Includes loan accretion (interest) income related to the discount on acquired loans of $38.8 million, $50.3 million, $83.0 million, $63.5 million, and $61.8 million during the quarters ended March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025, and March 31, 2025, respectively.

(2) Adjusted earnings, adjusted return on average assets, adjusted EPS, and adjusted return on average equity are non-GAAP measures and exclude the gains or losses on sales of securities, gain on sale leaseback, net of transaction costs, PCL on non-PCD loans and unfunded commitments, deferred tax asset remeasurement, merger, branch consolidation, severance related and other expense, and FDIC special assessments. Management believes that non-GAAP adjusted measures provide additional useful information that allows readers to evaluate the ongoing performance of the Company. Non-GAAP measures should not be considered as an alternative to any measure of performance or financial condition as promulgated under GAAP, and investors should consider the Company's performance and financial condition as reported under GAAP and all other relevant information when assessing the performance or financial condition of the Company. Non-GAAP measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the Company's results or financial condition as reported under GAAP. Adjusted earnings and the related adjusted return measures (non-GAAP) exclude the following from net income (GAAP) on an after-tax basis: (a) pre-tax merger, branch consolidation, severance related and other expense of $4.5 million, $20.9 million, $24.4 million, and $68.0 million for the quarters ended December 31, 2025, September 30, 2025, June 30, 2025, and March 31, 2025, respectively; (b) pre-tax net securities losses of $(228,811) for the quarter ended March 31, 2025; (c) pre-tax gain on sale leaseback, net of transaction costs of $229,279 for the quarter ended March 31, 2025; (d) pre-tax FDIC special assessment of $(3.8) million for the quarter ended December 31, 2025; and (e) deferred tax asset remeasurement of $5.6 million for the quarter ended March 31, 2025.

(3) The tangible measures are non-GAAP measures and exclude the effect of period end or average balance of intangible assets. The tangible returns on equity and common equity measures also add back the after-tax amortization of intangibles to GAAP basis net income. Management believes that these non-GAAP tangible measures provide additional useful information, particularly since these measures are widely used by industry analysts for companies with prior merger and acquisition activities. Non-GAAP measures should not be considered as an alternative to any measure of performance or financial condition as promulgated under GAAP, and investors should consider the Company's performance and financial condition as reported under GAAP and all other relevant information when assessing the performance or financial condition of the Company. Non-GAAP measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the Company's results or financial condition as reported under GAAP. The sections titled "Reconciliation of GAAP to Non-GAAP" provide tables that reconcile GAAP measures to non-GAAP.

(4) Adjusted efficiency ratio is calculated by taking the noninterest expense excluding transaction costs on sale leaseback, merger, branch consolidation, severance related and other expenses, FDIC special assessment, and amortization of intangible assets, divided by net interest income and noninterest income excluding gains (losses) on sales of securities, net and gain on sale leaseback, net of transaction costs. The pre-tax amortization expenses of intangible assets were $21.3 million, $23.4 million, $23.4 million, $24.0 million, and $23.8 million for the quarters ended March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025, and March 31, 2025, respectively.

(5) The dividend payout ratio is calculated by dividing total dividends paid during the period by the total net income for the same period.

(6) March 31, 2026 ratios are estimated and may be subject to change pending the final filing of the FR Y-9C; all other periods are presented as filed.

(7) Loan data excludes loans held for sale.

(8) Includes pre-tax cyber incident (net reimbursement)/costs of $3,000, $(3.6) million, and $111,000 for the quarters ended September 30, 2025, June 30, 2025, and March 31, 2025, respectively.

Cautionary Statement Regarding Forward Looking Statements

EX-99.2

Filename: ssb-20260423xex99d2.htm · Sequence: 3

Exhibit 99.2

1Q 2026

Earnings Presentation

April 24, 2026

VALUE PROPOSITION

2 For end note descriptions, see Earnings Presentation End Notes starting on slide 29.

344

Branch Locations

$68B

Assets

$56B

Deposits

$10B

Market Cap

6,000+

Team Members

Local Leadership

Model Driving

Durable Results

Long-Term Track

Record of

Shareholder

Value Creation

Premier

Deposit

Franchise

Regional bank

leader with scale

Operating in the

Best Growth

Markets

Top quartile TSR

through 20 years

of cycles

Shoot where the

ducks are flying

VALUE PROPOSITION

Above peer results over

the short, medium,

and long-term

$65 B

Assets

$48 B

Loans

$55 B

Deposits

$7.4 B

Market Cap

Fort Collins

Denver

Dallas

Austin Houston

Birmingham

Richmond

Charleston

Atlanta

Augusta

Savannah

Jacksonville

Miami

Orlando

Tampa Winter Haven

Greenville

Charlotte

PREMIER DEPOSIT FRANCHISE (1)

1.76%

Cost of

Deposits

$56B

Deposits

$39K

Average

Balance

1.4M

Deposit

Accounts

For end note descriptions, see Earnings Presentation End Notes starting on slide 29.

Texas Triangle

$8B Deposits

#4 Regional Bank

ATL-CLT Corridor

$10B Deposits

#4 Regional Bank

Coastal South

$7B Deposits

#1 Regional Bank

Central Florida

$12B Deposits

#2 Regional Bank

Front Range

$4B Deposits

#2 Regional Bank

OPERATING IN THE BEST GROWTH MARKETS

Leading Growth Characteristics… … Support Superior Growth

Projected HHI Growth(1)

Projected Population Growth(1)

Deposits per Share CAGR – Last 5 Years (non-GAAP)(3)

Loans per Share CAGR – Last 5 Years (non-GAAP)(3)

13.0%

12.1%

11.3%

SSB Regional Competitors National Average

6.8%

4.5%

2.6%

SSB Regional Competitors National Average (2)

5.2%

3.1%

4.3%

SSB Regional Competitors Peer Median

7.0%

4.1%

4.9%

SSB Regional Competitors Peer Median

(2) (2)

(2)

For end note descriptions, see Earnings Presentation End Notes starting on slide 29.

LOCAL LEADERSHIP MODEL DRIVING DURABLE RESULTS

Local Leadership Model Leading Long-Term Operating Results(1)

Top-performing bank in employee engagement and client satisfaction

Average consumer relationship is 10+ years

Bankers are empowered to make decisions based on local market knowledge

Incentive system structured to drive P&L alignment

21 division presidents provide localized decision-making driving tailored

client outcomes

Cost of Deposits

Adjusted ROAA (non-GAAP)(2)

NCOs / Avg. Loans(3)

Sustained Superior Profitability …

…With Consistently Low Funding Costs vs. Peers…

…And Superior Credit

Peer Median 1.48%

1.23% 1.28% 1.18%

1.03% 0.90%

1-year 5-year Average 20-year Average

1.86% 2.05%

1.01% 1.33% 0.90% 1.01%

1-year 5-year Average 20-year Average

For end note descriptions, see Earnings Presentation End Notes starting on slide 29.

0.11%

0.22%

0.05%

0.16%

0.31%

0.46%

Recognized as a top-quartile leader in consumer banking

client experience, earning a J.D. Power Net Promoter Score

of 49, exceeding the top-quartile threshold of 46 among the

Top 50 largest U.S. banks by assets.

Recognized as a top-quartile performer in commercial

banking client experience, achieving a Coalition Greenwich

Net Promoter Score of 64, surpassing the top-quartile

threshold of 60 among large U.S. banks.

Recognized as a top-decile performer (86% engagement)

in the Financial Services benchmark for employee

engagement, compared to approximately 150 other

financial services organizations who use CultureAmp.

J.D.

Power

LONG - TERM TRACK RECORD OF SHAREHOLDER VALUE CREATION

Track Record of Profitable & Prudent Growth

8.0% 7.8% 7.6% 7.5% 7.2% 6.6%

5.7%

4.5% 4.0% 3.6% 2.7% 2.4% 1.6% 1.4%

0.6% 0.3% 0.1%

4.6% 4.4%

Peer 1 Peer 2 Peer 3 Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 Peer 12 Peer 13 Peer 14 Peer 15 Peer 16 KRX BKX

TBVPS CAGR – Last 20 Years

8.0%

3.3% 3.5%

1.2%

SSB Peer Median KRX BKX

EPS CAGR – Last 20 Years

Total Shareholder Returns

Annualized TSR – Last 20 Years vs. Peers

7.6%

3.7%

5.2%

5.8%

SSB Peer Median KRX BKX

For end note descriptions, see Earnings Presentation End Notes starting on slide 29.

2026 FOCUS

Expanding sales force

Driving meaningful balance sheet growth

Share repurchases supported by robust earnings

Leveraging AI to drive speed and scale

2026 FOCUS

Quarterly Results

1Q26 QUARTERLY HIGHLIGHTS (1)

Dollars in millions, except per share data

For end note descriptions, see Earnings Presentation End Notes starting on slide 29. 9

1Q26 1Q25

Reported(†) Reported /

Adjusted

Net Income $ 226 $ 89 / $ 219

PPNR $ 302 $ 221 / $ 289

EPS (Diluted) $ 2.28 $ 0.87 / $ 2.15

ROA* 1.37% 0.56% / 1.38%

ROATCE* 17.59% 8.99% / 19.85%

NIM (non-TE/TE)* 3.78% / 3.79% 3.84% / 3.85%

Efficiency Ratio 51% 61% / 50%

CET 1 Ratio 11.3% 11.0%

 ROA of 1.37%*

 Loans increased $898 million, or 7%*

 Deposits increased $730 million, or 5%*

 Stable credit with net charge-offs of 9 bps*

 Repurchased 1.5 million shares

 Tangible Book Value per Share (Non-GAAP)(4) increased 14% year over year

LOAN PRODUCTION AND NET LOAN GROWTH TREND

$2,124

$3,335 $3,375

$3,915 $3,775

$(263)

$501 $401 $931 $898

$(500)

$—

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

1Q25 2Q25 3Q25 4Q25 1Q26

Loan Production Loan Portfolio Growth

Dollars in millions

For end note descriptions, see Earnings Presentation End Notes starting on slide 29. 10

(1)

(2)

(1)

$544.5

$577.9 $599.7 $581.1 $561.6

3.85%

4.02% 4.06%

3.86% 3.79%

3.00%

3.25%

3.50%

3.75%

4.00%

4.25%

4.50%

4.75%

5.00%

$400

$500

$600

1Q25 2Q25 3Q25 4Q25 1Q26

Net Interest Income Net Interest Margin, TE(1)

NET INTEREST MARGIN (TE)(1)

Dollars in millions

For end note descriptions, see Earnings Presentation End Notes starting on slide 29. 11

NONINTEREST INCOME

Dollars in millions; Amounts may not total due to rounding.

For end note descriptions, see Earnings Presentation End Notes starting on slide 29. 12

$86 $87

$99

$106

$100

0.54% 0.54%

0.60%

0.63%

0.61%

0.20%

0.40%

0.60%

0.80%

1.00%

$—

$30

$60

$90

$120

1Q25 2Q25 3Q25 4Q25 1Q26

$ in millions

Noninterest Income(1)

Fees on Deposit Accounts Correspondent Banking and Capital Markets

Trust and Investment Services Mortgage Banking

Other Noninterest Income Noninterest Income / Avg. Assets(2)

$(7.2) $(5.4) $(4.3) $(3.2) $(3.0)

$16.7

$19.2

$25.5

$30.6

$24.4

$(10.0)

$(5.0)

$5.0

$10.0

$15.0

$20.0

$25.0

$30.0

$(10)

$(5)

$—

$10

$15

$20

$25

$30

$35

1Q25 2Q25 3Q25 4Q25 1Q26

$ in millions

Correspondent Revenue Breakout

ARC Revenue, gross FI Revenue

Operational Revenues Interest on VM(3)

Total Revenues, gross

Balance Sheet

Investor CRE (2)

37%

Consumer

21%

Owner-Occupied

CRE

16%

C&I

19%

CDL (1)

Cons / Other

TOTAL LOAN PORTFOLIO

Data as of March 31, 2026

Loan portfolio balances, average balances or percentage exclude loans held for sale; Amounts may

not total due to rounding.

For end note descriptions, see Earnings Presentation End Notes starting on slide 29.

Loan Type

No. of

Loans Balance

Avg. Loan

Balance

Investor CRE 11,255 $ 18.3B $ 1,626,500

Consumer RE 50,535 10.6B 209,200

Owner-Occupied CRE 8,835 7.7B 868,900

C & I 22,529 9.4B 416,800

Constr., Dev. & Land 3,475 2.6B 746,200

Cons / Other 45,510 1.0B 21,000

Total 142,139 $ 49.5B $ 348,200

Loans by Type

Total Loans

$49.5 Billion

PREMIUM DEPOSIT FRANCHISE

Noninterest-bearing

Checking

25%

Interest-bearing

Checking

25%

Savings

Money

Market

32%

Time

Deposits

13%

Data as of March 31, 2026

For end note descriptions, see Earnings Presentation End Notes starting on slide 29.

Total Deposits

$55.9 Billion

Deposits by Type

Granular, Low-cost Core Deposit Base

• 1.4 million total deposit accounts

o ~1.1M consumer accounts with $18K average

balance and over 10 year average relationship

o ~0.3M commercial accounts with $118K average

balance and ~8 year average relationship

• 62% commercial, 38% consumer

deposits by balance

0.11% 0.08% 0.13%

0.39%

0.56%

0.24%

0.10% 0.10%

1.20%

1.80%

1.86%

1.76%

0.19% 0.21% 0.28%

0.52%

0.77%

0.31%

0.10%

0.33%

1.82%

2.40%

2.05%

1.87%

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1Q26(1)

Total Cost of Deposits

SSB

Peer Average(1)

Credit

0.60%

0.68% 0.67% 0.64% 0.66%

—%

0.25%

0.50%

0.75%

1.00%

1Q25 2Q25 3Q25 4Q25 1Q26

Nonperforming Assets to Loans & OREO

1.41% 1.44% 1.54%

1.25% 1.04%

2.84% 2.99% 3.10%

3.68% 3.61%

—%

1.00%

2.00%

3.00%

4.00%

5.00%

1Q25 2Q25 3Q25 4Q25 1Q26

Special Mention & Classified Asset Trends

Special Mention / Assets Classified / Assets

ASSET QUALITY METRICS & LOAN LOSS RESERVE

Dollars in millions

For end note descriptions, see Earnings Presentation End Notes starting on slide 29. 17

0.04% 0.06%

0.27%

0.09% 0.09%

—%

0.25%

0.50%

1Q25 2Q25 3Q25 4Q25 1Q26

Net Charge-Offs to Loans

$624 $621 $590 $585 $586

$62 $65 $69 $70 $69

1.47% 1.45% 1.38% 1.35% 1.32%

1.00%

1.40%

1.80%

2.20%

$150

$300

$450

$600

$750

1Q25 2Q25 3Q25 4Q25 1Q26

$ in millions

Total ACL(2) plus Reserve for Unfunded Commitments

Total ACL Reserve for Unfunded Commitments % of Total Loans

(1) (1)

Investor

CRE

59%

C&I

13%

OO CRE

11%

SBA

Other

11%

CLASSIFIED ASSET SUMMARY (SUBSTANDARD & NONACCRUAL)

For end note descriptions, see Earnings Presentation End Notes starting on slide 29.

• Investor CRE: WA LTV of 56% with >98% current;

average balance of $6.0M

• OOCRE: WA LTV of 55% with >95% current;

average balance of $1.2M

• C&I: >89% current; average balance of $0.6M

• 88% of classified loans are accruing, 99% of which are current

$2.5B

3.6% of assets

Investor CRE $M Wtd Avg LTV (1) (2) % Current

Multifamily $747 55% 99.5%

Warehouse/Industrial $168 53% 99.5%

Office $166 64% 98.8%

Retail $96 57% 93.6%

Nursing Home $89 63% 93.3%

Self Storage $65 55% 100.0%

Other $149 55% 93.0%

Total $1,480 56% 98.1%

Mortgage Credit

Intermediaries

10%

Business Credit

Intermediaries

Private Equity Funds

43%

Consumer Credit

Intermediaries

30%

Other Loans

to NDFIs

12%

1.7%

6.3%

SSB Peer Median

12.0%

40.2%

SSB Peer Median

MINIMAL EXPOSURE TO NDFIs

$0.9B

1.7% of loans

NDFI % of Total Loans

NDFI % of Total Capital

• 3rd lowest NDFI exposure among

peers in terms of total loans and total

capital

• Private Equity portfolio consists of

capital call lines: 100% bank

underwritten, 50% average advance

rate

• Consumer credit intermediaries are

primarily in-market consumer finance

companies

• Business credit intermediaries are

primarily equipment finance and

leasing

• Other Loans to NDFIs are primarily

Insurance and Wealth Management

For end note descriptions, see Earnings Presentation End Notes starting on slide 29.

Capital

STRONG CAPITAL POSITION AND RETURNS

For end note descriptions, see Earnings Presentation End Notes starting on slide 29. 21

11.0%

11.2%

11.5% 11.4% 11.3%

1Q25 2Q25 3Q25 4Q25 1Q26

CET1 Ratio(1)

$50.07

$51.96

$54.48

$56.27

$56.90

1Q25 2Q25 3Q25 4Q25 1Q26

Tangible Book Value per Share(2)

LTM net payout of 65%

Key Highlights Since 1Q25

3.9% of shares repurchased

11% increase in dividend to $.60 per share

14% growth in tangible book value per share(2)

Appendix

BUILDING SPEED AND SCALE THROUGH AI

Team Member Productivity Optimized Workflows Process Transformation

Automated credit spreading

up 57% over last 12 months

INDIVIDUAL DEPARTMENTAL ENTERPRISE

ADOPTION & ENABLEMENT

Internal knowledge search

up 80% over last 12 months

Team member Copilot usage

up 42% since January 2026

AI capabilities in production

within 77 platforms

FOUNDATIONAL

OBJECTIVES

Standardize AI risk

framework

Educate all team

members on AI

Launch AI

experimentation lab

Formal Program Dedicated to AI Execution & Results

POPULATION MIGRATION TO THE SOUTH CONTINUES

Top 10 States

Net Domestic Migration

1. Florida 890,348

2. Texas 812,735

3. North Carolina 476,921

4. South Carolina 379,062

5. Tennessee 292,727

6. Arizona 282,626

7. Georgia 232,849

8. Alabama 141,048

9. Idaho 139,784

10. Oklahoma 107,244

Dollars in billions, unless otherwise noted; data as of March 31, 2026; Amounts may not total due to rounding.

For end note descriptions, see Earnings Presentation End Notes starting on slide 29.

2.99%

3.50% 3.50%

3.40%

3.49%

2.0%

2.4%

2.8%

3.2%

3.6%

4.0%

1Q25 2Q25 3Q25 4Q25 1Q26

Investment Securities Yield(2)

HIGH QUALITY INVESTMENT PORTFOLIO

79%

12%

0.3%

Investment Portfolio† Composition

Agency MBS(1)

Treasury, Agency & SBA

Municipal

Corporates

Type

AFS HTM

Balance Duration

(yrs)(3,4) Balance Duration

(yrs)(4)

Agency MBS(1) $4.9B 3.6 $1.8B 6.0

Municipal 1.0B 8.3 — —

Treasury, Agency & SBA 0.5B 2.2 0.2B 5.4

Corporates 0.02B 0.4 — —

Total $6.5B 4.3 $2.0B 5.9

Total Investment

Portfolio†

$8.5 Billion

NON - GAAP RECONCILIATIONS (UNAUDITED)

Dollars in thousands, except for per share data

* Quarter-to-date tax equivalent net interest margin is annualized.

(1) Includes pre-tax cyber incident costs of $111,000 for the quarter ended March 31, 2025.

(2) Adjustments were applied consistently across all periods included in the 5-year and 20-year averages.

1Q25 1Q26

Net interest income (GAAP) $ 544,547 $ 561,605

Plus: Noninterest income 86,088 100,098

Less:

Losses on sales of securities, net (228,811) —

Gain on sale leaseback, net of transaction costs 229,279 —

Total revenue, adjusted (non-GAAP) $ 630,167 $ 661,703

Less: Noninterest expense 408,826 359,524

PPNR (Non-GAAP) $ 221,341 $ 302,179

Plus:

Merger, branch consolidation, severance related and other expense (1) 68,006 —

Total adjustments $ 68,006 $ —

PPNR, Adjusted (Non-GAAP) $ 289,347 $ 302,179

Weighted average common shares outstanding, diluted 101,829 98,922

PPNR, Adjusted per Wgtd. Avg. CS Outstanding, Diluted (Non-GAAP) $ 2.84 $ 3.05

PPNR, Adjusted (Non-GAAP)

Net Interest Margin - Tax Equivalent (Non-GAAP) *

1Q25 2Q25 3Q25 1Q25 1Q26

Net interest income (GAAP) $ 544,547 $ 577,948 $ 599,697 $ 581,115 $ 561,605

Tax equivalent adjustments 784 672 718 800 760

Net interest income (tax equivalent) (Non-GAAP) $ 545,331 $ 578,620 $ 600,415 $ 581,915 $ 562,365

Average interest earning assets $ 57,497,453 $ 57,710,001 $ 58,727,110 $ 59,872,113 $60,201,176

Net Interest Margin - Tax Equivalent (Non-GAAP) 3.85% 4.02% 4.06% 3.86% 3.79%

Adjusted Net Income

1Q25 1Q26

Net income (GAAP) $ 89,080 $ 225,820

Plus:

Securities losses, net of tax 178,639 —

Gain on sale leaseback, net of transaction costs and tax (179,004) —

PCL - NonPCD loans and UFC, net of tax 71,892 —

Deferred tax asset remeasurement 5,581 —

Merger, branch consolidation, severance related and other expense, net of tax 53,094 —

Adjusted Net Income (Non-GAAP)(2) $ 219,282 $ 225,820

Adjusted EPS

1Q25 1Q26

Diluted weighted-average common shares 101,829 98,922

Adjusted net income (non-GAAP) $ 219,282 $ 225,820

Adjusted EPS, Diluted (Non-GAAP) $ 2.15 $ 2.28

NON - GAAP RECONCILIATIONS (UNAUDITED)

Dollars and weighted average commons share outstanding in thousands except per share data

* Quarter-to-date return on average tangible common equity, adjusted return on average assets, and average tangible common equity are annualized.

(1) Includes pre-tax cyber incident costs of $111,000 for the quarter ended March 31, 2025.

(2) Adjustments were applied consistently across all periods included in the 5-year and 20-year averages.

Return on Average Tangible Equity *

1Q25 1Q26

Net income (GAAP) $ 89,080 $ 225,820

Plus:

Amortization of intangibles 23,831 21,304

Effective tax rate 22 % 22 %

Amortization of intangibles, net of tax 18,606 16,511

Net income plus after-tax amortization of intangibles (non-GAAP) $ 107,686 $ 242,331

Average shareholders' common equity $ 8,418,112 $9,057,229

Less: Average intangible assets 3,558,378 3,469,249

Average tangible common equity $ 4,859,734 $5,587,980

Return on Average Tangible Common Equity (Non-GAAP) * 8.99% 17.59%

Adjusted Return on Average Tangible Common Equity *

1Q25 1Q26

Adjusted net income (non-GAAP) $ 219,282 $ 225,820

Plus: Amortization of intangibles, net of tax 18,606 16,511

Adjusted net income plus after-tax amortization of intangibles (non-GAAP) $ 237,888 $ 242,331

Average tangible common equity $ 4,859,734 $5,587,980

Adjusted Return on Average Tangible Common Equity (Non-GAAP) * 19.85% 17.59%

Adjusted Return on Average Assets *

1Q25 1Q26

Adjusted net income (non-GAAP) $ 219,282 $ 225,820

Total average assets 64,283,426 66,927,531

Adjusted Return on Average Assets (Non-GAAP) *(2) 1.38% 1.37%

1Q25 1Q26

Noninterest expense (GAAP) $ 408,826 $ 359,524

Less: Amortization of intangible assets 23,831 21,304

Adjusted noninterest expense (non-GAAP) $ 384,995 $ 338,220

Net interest income (GAAP) $ 544,547 $ 561,605

Tax Equivalent ("TE") adjustments 784 760

Net interest income, TE (non-GAAP) $ 545,331 $ 562,365

Noninterest income (GAAP) $ 86,088 $ 100,098

Efficiency Ratio (Non-GAAP) 61% 51%

Noninterest income (GAAP) $ 86,088 $ 100,098

Less:

Losses on sales of securities, net (228,811) —

Gain on sale leaseback, net of transaction costs 229,279 —

Adjusted noninterest income (non-GAAP) $ 85,620 $ 100,098

Noninterest expense (GAAP) $ 408,826 $ 359,524

Less:

Merger, branch consolidation, severance related and

other expense (1) 68,006 —

Amortization of intangible assets 23,831 21,304

Total adjustments $ 91,837 $ 21,304

Adjusted noninterest expense (non-GAAP) $ 316,989 $ 338,220

Adjusted Efficiency Ratio (Non-GAAP) 50% 51%

Efficiency Ratio (Non-GAAP) & Adjusted Efficiency Ratio (Non-GAAP)

Tangible Book Value per Common Share

1Q25 2Q25 3Q25 4Q25 1Q26

Shareholders' common equity $ 8,624,361 $ 8,801,134 $ 9,011,126 $ 9,059,108 $ 9,030,916

Less: Intangible assets 3,543,502 3,527,517 3,503,949 3,480,385 3,458,745

Tangible shareholders' common equity $ 5,080,859 $ 5,273,617 $ 5,507,177 $ 5,578,723 $ 5,572,171

Common shares issued and outstanding 101,479,065 101,498,000 101,089,231 99,138,204 97,937,653

Tangible Book Value per Common Share (Non-GAAP) $ 50.07 $ 51.96 $ 54.48 $ 56.27 $ 56.90

EARNINGS PRESENTATION END NOTES

Slide 2 End Notes

Financial data as of March 31, 2026; Market data as of April 22, 2026

Slide 3 End Notes

Source: S&P Global Market Intelligence, Company Filings; Depository data as of June 30, 2025 and includes major MSAs in each region.

Note: Regional bank market rank reflects U.S. banks <$250B assets as of March 31, 2026 with a $1B deposit cap per branch.

Slide 4 End Notes

Source: S&P Global Market Intelligence, Company Filings; Financial data as of December 31, 2025; Depository data as of June 30, 2025

Note: Peers as disclosed in the most recent proxy statement, excluding acquired companies (CADE, CMA, SNV)

(1) Projected growth shown as the percent growth 2026 – projected 2031 and reflects weighted average growth by MSA

(2) Regional competitors include top 10 ranked U.S. banks with <$250B assets in our states of operation as of March 31, 2026 based on a $1B deposit cap per branch.

(3) The compounded annual growth rates for loans and deposits per share for the Company and Peer Group were calculated with loans and deposits as the numerator and outstanding shares as the

denominator as of the most recent quarter for each respective period as reported by S&P Global.

Slide 5 End Notes

Source: Coalition Greenwich Voice of the Client® – Commercial Banking, 2025., J.D. Power 2025 U.S. Retail Banking Satisfaction Study (NPS®), CultureAmp Benchmarks, 2025, and S&P Global Market

Intelligence, Company Filings; Financial data as of December 31, 2025

Note: Peers as disclosed in the most recent proxy statement, excluding acquired companies (CADE, CMA, SNV)

(1) 1-year reflects 2025 annual results, 5-year average reflects average of 2021 – 2025 annual results, 20-year average reflects average of 2006 – 2025 annual results.

(2) Adjusted return excludes the impact of certain items, including but not limited to losses on sales of securities, gain on sale leaseback, net of transaction costs, PCL on non-PCD loans and unfunded

commitments, FDIC special assessment, deferred tax asset remeasurement and merger, branch consolidation, severance related and other restructuring expenses, net of tax; See reconciliation of GAAP to

Non-GAAP measures in Appendix; Peer adjusted return on average assets is a non GAAP financial measure derived from publicly disclosed peer information and reflects adjustments made by peer

institutions, including but not limited to merger related costs, restructuring charges, and other items identified by peer management as affecting comparability. Peer adjusted results may not be

comparable across companies due to differences in items adjusted, definitions, and methodologies. The Company has not independently calculated or audited peer adjustments.

(3) Excluding acquisition date charge-offs of $17.3 million and $39.4 million recorded during the quarters ended June 30, 2025 and March 31, 2025, respectively, in connection with the Independent merger,

to conform with the Company’s charge-off policies and practice

Slide 6 End Notes

Source: S&P Global Market Intelligence, FactSet, Company Filings; Financial data as of December 31, 2025; Market data as of March 31,2026

Note: Peers as disclosed in the most recent proxy statement, excluding acquired companies (CADE, CMA, SNV); BKX index excludes trust and investment banks; TSR is calculated since March 31, 2006 and

growth metrics are calculated based on December 31, 2005 financials.

Slide 9 End Notes

* : Annualized percentages

† : Where only one figures is presented, reported and adjusted results are equal or differences are not meaningful due to rounding; for adjusted results, see reconciliation of GAAP to Non-GAAP measures

in Appendix.

(1) a. Adjusted earnings, adjusted return on average assets, and adjusted diluted EPS are non-GAAP measures and exclude the impact of losses on sales of securities, gain on sale leaseback net of

transaction costs, PCL on non-PCD loans and unfunded commitments, deferred tax asset remeasurement, and merger, branch consolidation, severance related and other restructuring expenses, net of

tax; Adjusted efficiency ratio is calculated by taking the noninterest expense excluding losses on sales of securities, gain on sale leaseback net of transaction costs, merger, branch consolidation and

severance related expenses and amortization of intangible assets - See reconciliation of GAAP to Non-GAAP measures in Appendix.

EARNINGS PRESENTATION END NOTES

Slide 9 End Notes

(1) b. Adjusted PPNR is a non-GAAP financial measure that excludes the impact of losses on sales of securities, gain on sale leaseback, net of transaction costs, and merger, branch consolidation, severance

related and other restructuring expenses - See reconciliation of GAAP to Non-GAAP measures in Appendix.

c. Tax equivalent NIM is a Non-GAAP financial measure - See reconciliation of GAAP to Non-GAAP measures in Appendix.

d. The tangible measures are non-GAAP measures and exclude the effect of period end or average balance of intangible assets. The tangible returns on common equity measures also add back the after-tax amortization of intangibles to GAAP basis net income; other adjusted figures presented are also Non-GAAP financial measures that exclude the impact of losses on sales of securities, gain on sale

leaseback net of transaction costs, PCL on non-PCD loans and unfunded commitments, deferred tax asset remeasurement, and merger, branch consolidation, severance related and other restructuring

expenses, net of tax - See reconciliation of GAAP to Non-GAAP measures in Appendix.

Slide 10 End Notes

(1) Preliminary; excludes loans held for sale; loan production indicates committed balance total; loan portfolio growth indicates quarter-over-quarter loan ending balance growth, excluding loans held for

sale.

(2) Excludes the effects of the acquisition date loan balance of $13.1 billion acquired from Independent.

Slide 11 End Notes

(1) Tax equivalent NIM is a Non-GAAP financial measure - See reconciliation of GAAP to Non-GAAP measures in Appendix.

Slide 12 End Notes

(1) Noninterest income are adjusted by gains or losses on sales of securities and gains on sale leaseback.

(2) Annualized

(3) Interest on centrally-cleared variation margin (expense or income) is included in ARC revenue within Correspondent Banking and Capital Markets Income.

Slide 14 End Notes

(1) CDL includes residential construction, commercial construction, and all land development loans.

(2) Investor CRE includes nonowner-occupied CRE and other income producing property.

Slide 15 End Notes

(1) Source: S&P Global Market Intelligence; 1Q26 MRQs available as of April 22, 2026; Peers as disclosed in the most recent SSB proxy statement, excluding acquired companies (CADE, CMA, SNV).

Slide 15 End Notes

(1) Excluding acquisition date charge-offs of $17.3 million and $39.4 million recorded during the quarters ended June 30, 2025 and March 31, 2025, respectively, in connection with the Independent merger,

to conform with the Company’s charge-off policies and practices.

(2) Unamortized discount on acquired loans was $219 million, $259 million, $310 million, $393 million, and $457 million for the quarters ended March 31, 2026, December 31, 2025, September 30, 2025,

June 30, 2025, and March 31, 2025, respectively.

Slide 18 End Notes

(1) Weighted average LTVs exclude loans on non-accrual.

EARNINGS PRESENTATION END NOTES

Slide 19 End Notes

Note: Peers as disclosed in the most recent proxy statement, excluding acquired companies (CADE, CMA, SNV)

Slide 21 End Notes

(1) Preliminary

(2) The tangible measures are non-GAAP measures and exclude the effect of period end intangible assets - See reconciliation of GAAP to Non-GAAP measures in Appendix.

Slide 25 End Notes

Sources: U.S. Census Bureau

Slide 26 End Notes

† Investment portfolio excludes non-marketable equity.

(1) MBS issued by U.S. government agencies or sponsored enterprises (commercial and residential collateral)

(2) Investment securities yield include non-marketable equity and trading securities.

(3) Excludes principal receivable balance as of March 31, 2026.

(4) Based on current book value

This presentation contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

These statements are based on the current beliefs and expectations of management of SouthState Bank Corporation

(“SouthState”) and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the

forward looking statements.

Factors that could cause SouthState’s actual results to differ materially from those described in the forward looking statements are

discussed in SouthState’s Annual Report on Form 10 K for the year ended December 31, 2025, filed with the Securities and

Exchange Commission and available on SouthState’s website (https://southstatecorporation.q4ir.com/SEC-Filings/Documents/default.aspx), and on the Securities and Exchange Commission's website (www.sec.gov). SouthState undertakes

no obligation to update any forward looking statements.

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

GRAPHIC

Filename: ssb-20260423x8k001.jpg · Sequence: 4

Binary file (12564 bytes)

Download ssb-20260423x8k001.jpg

GRAPHIC

Filename: ssb-20260423xex99d1001.jpg · Sequence: 5

Binary file (24752 bytes)

Download ssb-20260423xex99d1001.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g001.jpg · Sequence: 6

Binary file (57816 bytes)

Download ssb-20260423xex99d2g001.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g002.jpg · Sequence: 7

Binary file (168174 bytes)

Download ssb-20260423xex99d2g002.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g003.jpg · Sequence: 8

Binary file (174229 bytes)

Download ssb-20260423xex99d2g003.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g004.jpg · Sequence: 9

Binary file (112971 bytes)

Download ssb-20260423xex99d2g004.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g005.jpg · Sequence: 10

Binary file (215878 bytes)

Download ssb-20260423xex99d2g005.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g006.jpg · Sequence: 11

Binary file (121191 bytes)

Download ssb-20260423xex99d2g006.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g007.jpg · Sequence: 12

Binary file (102702 bytes)

Download ssb-20260423xex99d2g007.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g008.jpg · Sequence: 13

Binary file (27480 bytes)

Download ssb-20260423xex99d2g008.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g009.jpg · Sequence: 14

Binary file (117811 bytes)

Download ssb-20260423xex99d2g009.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g010.jpg · Sequence: 15

Binary file (69562 bytes)

Download ssb-20260423xex99d2g010.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g011.jpg · Sequence: 16

Binary file (73398 bytes)

Download ssb-20260423xex99d2g011.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g012.jpg · Sequence: 17

Binary file (112534 bytes)

Download ssb-20260423xex99d2g012.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g013.jpg · Sequence: 18

Binary file (24102 bytes)

Download ssb-20260423xex99d2g013.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g014.jpg · Sequence: 19

Binary file (119071 bytes)

Download ssb-20260423xex99d2g014.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g015.jpg · Sequence: 20

Binary file (138334 bytes)

Download ssb-20260423xex99d2g015.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g016.jpg · Sequence: 21

Binary file (16885 bytes)

Download ssb-20260423xex99d2g016.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g017.jpg · Sequence: 22

Binary file (129472 bytes)

Download ssb-20260423xex99d2g017.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g018.jpg · Sequence: 23

Binary file (148177 bytes)

Download ssb-20260423xex99d2g018.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g019.jpg · Sequence: 24

Binary file (123820 bytes)

Download ssb-20260423xex99d2g019.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g020.jpg · Sequence: 25

Binary file (18031 bytes)

Download ssb-20260423xex99d2g020.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g021.jpg · Sequence: 26

Binary file (117104 bytes)

Download ssb-20260423xex99d2g021.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g022.jpg · Sequence: 27

Binary file (20384 bytes)

Download ssb-20260423xex99d2g022.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g023.jpg · Sequence: 28

Binary file (204623 bytes)

Download ssb-20260423xex99d2g023.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g024.jpg · Sequence: 29

Binary file (136958 bytes)

Download ssb-20260423xex99d2g024.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g025.jpg · Sequence: 30

Binary file (166969 bytes)

Download ssb-20260423xex99d2g025.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g026.jpg · Sequence: 31

Binary file (112218 bytes)

Download ssb-20260423xex99d2g026.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g027.jpg · Sequence: 32

Binary file (151766 bytes)

Download ssb-20260423xex99d2g027.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g028.jpg · Sequence: 33

Binary file (220707 bytes)

Download ssb-20260423xex99d2g028.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g029.jpg · Sequence: 34

Binary file (276327 bytes)

Download ssb-20260423xex99d2g029.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g030.jpg · Sequence: 35

Binary file (201675 bytes)

Download ssb-20260423xex99d2g030.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g031.jpg · Sequence: 36

Binary file (70272 bytes)

Download ssb-20260423xex99d2g031.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g032.jpg · Sequence: 37

Binary file (172468 bytes)

Download ssb-20260423xex99d2g032.jpg

GRAPHIC

Filename: ssb-20260423xex99d2g033.jpg · Sequence: 38

Binary file (35096 bytes)

Download ssb-20260423xex99d2g033.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 43

v3.26.1

Document and Entity Information

Apr. 23, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

Apr. 23, 2026

Entity File Number

001-12669

Entity Registrant Name

SOUTHSTATE BANK CORP

Entity Incorporation, State or Country Code

Entity Tax Identification Number

39-3424417

Entity Address, Address Line One

1101 First Street South

Entity Address, Adress Line Two

Suite 202

Entity Address, City or Town

Winter Haven

Entity Address, State or Province

Entity Address, Postal Zip Code

33880

City Area Code

863

Local Phone Number

293-4710

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common stock, par value $2.50 per share

Trading Symbol

SSB

Security Exchange Name

NYSE

Entity Emerging Growth Company

false

Entity Central Index Key

0000764038

Amendment Flag

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 2 such as Street or Suite number

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine2

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration