Southstate Bank Corp income statement
In fiscal 2025, Southstate Bank Corp reported revenue of $2.68bn, up 56.1% on the year before and net income of $799m, or $7.87 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 131 | 260 | 207 | 218 | 327 | 421 | 443 | 446 | 549 | 659 | 648 | 1,138 | 1,387 | 1,645 | 1,740 | 1,718 | 2,681 | 2,707 |
| Interest expense | 37 | 33 | 20 | 11 | 13 | 16 | 10 | 8 | 17 | 54 | 87 | 84 | 52 | 61 | 492 | — | — | — |
| Net interest income | 105 | 123 | 151 | 176 | 273 | 326 | 328 | 325 | 409 | 513 | 504 | 826 | 1,033 | 1,336 | 1,453 | 1,415 | 2,303 | 2,310 |
| Non-interest income | 26 | 138 | 55 | 41 | 54 | 95 | 116 | 121 | 140 | 146 | 144 | 311 | 354 | 309 | 287 | 302 | 378 | 396 |
| Non-interest expense | 84 | 125 | 143 | 159 | 251 | 303 | 287 | 285 | 368 | 421 | 405 | 798 | 948 | 930 | 995 | 1,001 | 1,521 | 1,457 |
| Provision for credit losses | 27 | 54 | 30 | 14 | 2 | 7 | 6 | 7 | 12 | 14 | 13 | 90 | −152 | 31 | 114 | 16 | 120 | 54 |
| Income before tax | 20 | 81 | 33 | 45 | 75 | 111 | 150 | 154 | 169 | 224 | 230 | 104 | 604 | 633 | 631 | 700 | 1,040 | 1,196 |
| Income tax | 7 | 29 | 11 | 15 | 25 | 36 | 51 | 53 | 81 | 45 | 44 | −17 | 129 | 137 | 137 | 165 | 242 | 269 |
| Net income | 14 | 52 | 23 | 30 | 49 | 75 | 99 | 101 | 88 | 179 | 186 | 121 | 476 | 496 | 494 | 535 | 799 | 927 |
| Diluted EPS | $0.74 | $4.08 | $1.63 | $2.03 | $2.38 | $3.08 | $4.11 | $4.18 | $2.93 | $4.86 | $5.36 | $2.19 | $6.71 | $6.60 | $6.46 | $6.97 | $7.87 | $9.40 |
| Diluted shares (average) | 12m | 13m | 14m | 15m | 20m | 24m | 24m | 24m | 30m | 37m | 35m | 55m | 71m | 75m | 76m | 77m | 101m | 99m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 450 | 631 | 665 | 699 | 687 | 662 | 673 | 685 |
| Net interest income | 370 | 545 | 578 | 600 | 581 | 562 | 576 | 592 |
| Non-interest income | 81 | 86 | 87 | 99 | 106 | 100 | 97 | 94 |
| Non-interest expense | 257 | 409 | 375 | 372 | 365 | 360 | 358 | 375 |
| Provision for credit losses | 6 | 101 | 8 | 5 | 7 | 11 | 16 | 20 |
| Income before tax | 187 | 121 | 282 | 321 | 315 | 291 | 299 | 290 |
| Income tax | 43 | 32 | 67 | 75 | 68 | 66 | 69 | 67 |
| Net income | 144 | 89 | 215 | 247 | 248 | 226 | 230 | 224 |
| Diluted EPS | $1.88 | $0.87 | $2.11 | $2.42 | $2.46 | $2.28 | $2.35 | $2.30 |
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