SouthState Bank Q2 adjusted EPS beats estimates; raises dividend

SouthState Bank

23/07/2026 21:33

    

    Overview
  
U.S. regional bank's Q2 adjusted EPS and net income beat analyst expectations
Company saw solid loan growth, stable net interest margin, and improved efficiency
Board raised quarterly dividend 10% to $0.66 per share

    

    Outlook
  
Company did not provide specific financial guidance for the current quarter or full year

    

    Result Drivers
  
LOAN GROWTH - Loans increased by $1.4 bln, or 11% annualized, compared to the prior qtr, supporting revenue growth
STABLE MARGINS AND COSTS - Net interest margin remained steady at 3.78% and total deposit cost was unchanged from the prior qtr, helping maintain profitability
EFFICIENCY IMPROVEMENT - Noninterest expense decreased $2 mln from the prior qtr, mainly due to lower OREO and loan-related expense; efficiency ratio improved to 50%

    
Company press release: ID:nPn84J7w9a

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Adjusted EPS
Beat
$2.35
$2.30 (14 Analysts)
Q2 EPS
 
$2.35
 
Q2 Adjusted Net Income
Beat
$230.02 mln
$225.03 mln (14 Analysts)
Q2 Net Income
 
$230.02 mln
 
Q2 Net Interest Income
 
$575.95 mln
 
Q2 Credit Loss Provision
 
$15.92 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for SouthState Bank Corp is $115.00, about 12.5% above its July 22 closing price of $102.19
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

    

    Reuters Recommended Reads
  
July 23 - South Atlantic Bancshares Q2 profit rises on loan growth, lower funding costs
July 23 - ConnectOne Bancorp Q2 adjusted EPS beats estimates on loan, deposit growth
July 23 - Huntington CEO says bank made effort to attract deposits, prepare for loan growth in second half

    
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)