SSB
SouthState Bank Corp (SSB) Q2 2026 Earnings Call Highlights: Strong Growth Amidst Margin Pressures
Article Summary
BUY- SouthState Bank Corp. (NYSE: SSB) delivered strong Q2 2026 results with a return on assets of 1.36% and a 17.6% return on tangible common equity, supported by strong loan growth of 8% and deposit growth of 5%.
- SouthState Bank expanded its commercial banking sales force by more than 10% in the last three quarters and is making significant progress in building artificial intelligence capabilities, leading to productivity gains in areas such as credit operations and fraud management.
- Net interest margin decreased slightly by a basis point from the previous quarter, with loan yields down 5 basis points and accretion income down $6 million, while non-interest income fell $3 million due to lower mortgage revenue.
- The company expects deposit growth in the mid-to-high-teens for the remainder of the year, with deposit costs expected to rise slightly, and expects stable NIM of 375-380 assuming no rate cuts or hikes through 2027.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 33.2% | 25% | 85.0 ptsExcellent (33.2%) - Strong growth |
| EPS Growth Next 5Y ? | 14.7% | 25% | 35.0 ptsBelow Screener (14.7%) - Modest outlook |
| Target Price Upside ? | 9.0% | 20% | 35.0 ptsBelow Screener (9.0%) - Target: $115.50 vs Current: $106.00 |
| Gross Margin % ? | — | 15% | 40.0 ptsNo Gross Margin Data |
| Drawdown from 52-Wk High ? | -2.3% | 15% | 20.0 ptsBarely a Dip (-2.3%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About SSB
- SouthState Bank Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States.
- The company offers checking accounts, savings accounts, money market accounts, and time deposit accounts; interest-bearing deposits, certificates of deposits, and other time deposits; and interest-bearing transaction accounts.
- It provides bond accounting services for correspondents, asset/liability consulting related activities, international wires, and other clearing and corporate checking account services.
- In addition, the company offers commercial real estate, residential real estate, and commercial and industrial loans, as well as consumer loans, including auto, boat, and personal installment, as well as business, agriculture, real estate-secured (mortgage), home improvement, and manufactured housing loans.
- Further, it provides debit and credit card, mobile services, funds transfer products and services, and treasury management services comprising merchant, automated clearing house, lock-box, remote deposit capture, and other treasury services, as well as asset and wealth management, and other fiduciary and private banking services.
- Additionally, the company offers safe deposit boxes, bank money orders, wire transfer and ACH services, brokerage services, and alternative investment products, such as annuities and mutual funds, trust and asset management services; letters of credit and home equity lines of credit; and online, mobile, and telephone banking platforms.
- The company was formerly known as SouthState Corporation and changed its name to SouthState Bank Corporation in September 2025.
- SouthState Bank Corporation was founded in 1933 and is headquartered in Winter Haven, Florida.