SouthState Bank Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	3,002	1,926	1,716	1,178	990.52
Interest Income on Investments	377.92	215.52	228	219	94.29
Total Interest Income	3,379	2,141	1,944	1,397	1,085
Interest Paid on Deposits	995.01	671.83	440.26	36.98	33.18
Interest Paid on Borrowings	81.18	54.08	51.54	24.37	18.45
Total Interest Expense	1,076	725.91	491.8	61.35	51.63
Net Interest Income	2,303	1,415	1,453	1,336	1,033
Net Interest Income Growth (YoY)	62.73%	-2.56%	8.76%	29.28%	25.01%
Trust Income	58.19	45.47	39.45	39.02	36.98
Mortgage Banking Activities	24.29	20.05	13.36	17.79	64.6
Gain (Loss) on Sale of Investments	-228.81	-0.05	0.04	0.03	0.1
Other Non-Interest Income	365.75	100.7	105.05	127.6	149.81
Total Non-Interest Income	377.74	302.26	286.91	309.25	354.25
Non-Interest Income Growth (YoY)	24.97%	5.35%	-7.22%	-12.70%	13.86%
Revenues Before Loan Losses	2,681	1,718	1,740	1,645	1,387
Provision for Loan Losses	119.76	15.98	114.08	81.86	-165.27
Revenue	2,561	1,702	1,625	1,563	1,553
Revenue Growth (YoY)	50.51%	4.70%	3.99%	0.67%	72.21%
Salaries and Employee Benefits	797.84	578.87	547.54	519.07	526.31
Federal Deposit Insurance	37.15	31.15	33.07	23.03	17.98
Amortization of Goodwill & Intangibles	94.72	22.4	27.56	33.21	35.19
Selling, General & Administrative	366.2	246.4	247.63	238.68	220.61
Other Non-Interest Expense	97.03	94	98.22	84.46	67.35
Total Non-Interest Expense	1,403	977.51	955.73	898.81	869.47
EBT Excluding Unusual Items	1,158	724.23	669.71	664.25	683.23
Other Unusual Items	-	-3.85	-25.69	-	-11.71
Pretax Income	1,040	700.25	630.85	633.36	604.28
Income Tax Expense	241.54	165.47	136.54	137.31	128.74
Net Income	798.67	534.78	494.31	496.05	475.54
Net Income to Common	798.67	534.78	494.31	496.05	475.54
Net Income Growth	49.34%	8.19%	-0.35%	4.31%	294.21%
Basic Shares Outstanding	101	76	76	75	70
Diluted Shares Outstanding	101	77	76	75	71
Shares Change (YoY)	32.23%	0.37%	1.73%	6.05%	28.74%
EPS (Basic)	7.90	7.01	6.50	6.65	6.76
EPS (Diluted)	7.87	6.97	6.46	6.60	6.71
EPS Growth	12.91%	7.90%	-2.12%	-1.64%	206.39%
Dividend Per Share	2.280	2.120	2.040	1.980	1.920
Dividend Growth	7.55%	3.92%	3.03%	3.13%	2.13%
Effective Tax Rate	23.22%	23.63%	21.64%	21.68%	21.30%

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