SouthState Bank Corporation (FRA:FJ5)

SouthState Bank Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	2,743	1,926	1,716	1,178	990.52	851.2
Interest Income on Investments	336.38	215.52	228	219	94.29	58.83
Total Interest Income	3,080	2,141	1,944	1,397	1,085	910.03
Interest Paid on Deposits	913.08	671.83	440.26	36.98	33.18	55.44
Interest Paid on Borrowings	74.5	54.08	51.54	24.37	18.45	28.12
Total Interest Expense	987.59	725.91	491.8	61.35	51.63	83.56
Net Interest Income	2,092	1,415	1,453	1,336	1,033	826.47
Net Interest Income Growth (YoY)	49.44%	-2.56%	8.76%	29.28%	25.01%	63.89%
Trust Income	55.92	45.47	39.45	39.02	36.98	29.44
Mortgage Banking Activities	23.91	20.05	13.36	17.79	64.6	106.2
Gain (Loss) on Sale of Investments	-228.86	-0.05	0.04	0.03	0.1	0.05
Other Non-Interest Income	350.07	100.7	105.05	127.6	149.81	91.13
Total Non-Interest Income	352.54	302.26	286.91	309.25	354.25	311.14
Non-Interest Income Growth (YoY)	22.75%	5.35%	-7.22%	-12.70%	13.86%	116.72%
Revenues Before Loan Losses	2,445	1,718	1,740	1,645	1,387	1,138
Provision for Loan Losses	119.52	15.98	114.08	81.86	-165.27	235.99
Revenue	2,325	1,702	1,625	1,563	1,553	901.62
Revenue Growth (YoY)	39.42%	4.70%	3.99%	0.67%	72.21%	41.97%
Salaries and Employee Benefits	721.24	578.87	547.54	519.07	526.31	393.28
Federal Deposit Insurance	33.99	31.15	33.07	23.03	17.98	10.71
Amortization of Goodwill & Intangibles	76.63	22.4	27.56	33.21	35.19	26.99
Selling, General & Administrative	331.6	246.4	247.63	238.68	220.61	185.55
Other Non-Interest Expense	114.8	94	98.22	84.46	67.35	91.63
Total Non-Interest Expense	1,289	977.51	955.73	898.81	869.47	711.74
EBT Excluding Unusual Items	1,036	724.23	669.71	664.25	683.23	189.88
Other Unusual Items	-3.85	-3.85	-25.69	-	-11.71	-
Pretax Income	912.15	700.25	630.85	633.36	604.28	103.97
Income Tax Expense	217.02	165.47	136.54	137.31	128.74	-16.66
Net Income	695.12	534.78	494.31	496.05	475.54	120.63
Net Income to Common	695.12	534.78	494.31	496.05	475.54	120.63
Net Income Growth	39.75%	8.19%	-0.35%	4.31%	294.21%	-35.31%
Basic Shares Outstanding	95	76	76	75	70	55
Diluted Shares Outstanding	96	77	76	75	71	55
Shares Change (YoY)	24.70%	0.37%	1.73%	6.05%	28.74%	58.24%
EPS (Basic)	7.31	7.01	6.50	6.65	6.76	2.20
EPS (Diluted)	7.27	6.97	6.46	6.60	6.71	2.19
EPS Growth	12.25%	7.90%	-2.12%	-1.64%	206.39%	-59.14%
Dividend Per Share	2.220	2.120	2.040	1.980	1.920	1.880
Dividend Growth	5.71%	3.92%	3.03%	3.13%	2.13%	12.57%
Effective Tax Rate	23.79%	23.63%	21.64%	21.68%	21.30%	-

Source: S&P Global Market Intelligence. Banks template. Financial Sources.