SouthState Bank Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	534.78	494.31	496.05	475.54
Depreciation & Amortization	52.1	53.93	59.69	58.34
Other Amortization	4.6	4.9	4.9	4.8
Gain (Loss) on Sale of Assets	-1.12	-0.1	-1.32	-1.47
Gain (Loss) on Sale of Investments	19.39	20.09	27.27	37.92
Total Asset Writedown	-	-	-	2.07
Provision for Credit Losses	15.98	114.08	81.86	-165.27
Net Decrease (Increase) in Loans Originated / Sold - Operating	-595.32	-17.55	154.04	163.95
Change in Trading Asset Securities	293.34	38.02	254.11	364
Accrued Interest Receivable	-9	-19.81	-32.83	17.08
Change in Income Taxes	52.14	62.51	-17.22	-53.84
Change in Other Net Operating Assets	210.81	-241.72	593.31	-475.86
Other Operating Activities	-38.43	-23.19	100.48	61.34
Operating Cash Flow	511.96	546.76	1,731	415.69
Operating Cash Flow Growth	-6.36%	-68.41%	316.39%	-22.58%
Capital Expenditures	-35.81	-38.89	-17.67	-28.42
Sale of Property, Plant and Equipment	0.37	0.86	6.14	51.13
Cash Acquisitions	-	-	250.12	-39.93
Investment in Securities	649.94	818.52	-1,201	-2,856
Net Decrease (Increase) in Loans Originated / Sold - Investing	-1,524	-2,218	-3,836	758.89
Other Investing Activities	23.23	11.57	-61.99	-205.26
Investing Cash Flow	-886.18	-1,426	-4,860	-2,319
Short-Term Debt Issued	25.73	-	-	1.57
Long-Term Debt Issued	4,000	6,050	-	25
Total Debt Issued	4,026	6,050	-	26.57
Short-Term Debt Repaid	-	-67.23	-224.82	-
Long-Term Debt Repaid	-4,100	-5,950	-13	-100.88
Total Debt Repaid	-4,100	-6,017	-237.82	-100.88
Net Debt Issued (Repaid)	-74.27	32.77	-237.82	-74.31
Issuance of Common Stock	8.82	5.7	4.44	5.29
Repurchase of Common Stock	-16.76	-16.06	-119.33	-147.42
Common Dividends Paid	-161.6	-154.92	-146.49	-135.2
Net Increase (Decrease) in Deposit Accounts	1,013	699.78	-1,780	4,368
Other Financing Activities	-1.3	-1.27	-0.18	-0.14
Financing Cash Flow	767.41	566	-2,280	4,016
Net Cash Flow	393.19	-313.69	-5,409	2,112
Free Cash Flow	476.15	507.87	1,713	387.27
Free Cash Flow Growth	-6.25%	-70.36%	342.38%	-25.53%
Free Cash Flow Margin	27.98%	31.25%	109.61%	24.94%
Free Cash Flow Per Share	6.20	6.64	22.79	5.46
Cash Interest Paid	741.98	441.21	67.13	55.39
Cash Income Tax Paid	111.48	74.73	35.14	126.21

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

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