SouthState Corp's Q2 adjusted EPS beats estimates, dividend up 11%

SouthState Bank

24/07/2025 20:43

Overview

SouthState Q2 adjusted EPS beats analyst expectations, per LSEG data

Adjusted net income for Q2 beats estimates, driven by strategic moves

Co increases quarterly cash dividend by 11%

Outlook

Company highlights strategic moves generating strong returns for future growth

SouthState optimistic about growth in Texas and Colorado post-IBTX conversion

Result Drivers

REVENUE GROWTH - Co reports 22% annualized revenue growth, driven by strategic expansion and franchise conversion

LOAN ORIGINATIONS - Loan originations increased by 57% qtr-over-qtr, attributed to successful franchise conversion

STRATEGIC EXPANSION - Successful conversion of IBTX franchise in Texas and Colorado cited as key driver of results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$2.3
$2.01 (11 Analysts)
Q2 EPS
$2.11
Q2 Adjusted Net Income
Beat
$233.82 mln
$207.80 mln (7 Analysts)
Q2 Net Income
$215.22 mln
Q2 Net Interest Income
$577.95 mln
Q2 Credit Loss Provision
$7.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "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 Corp is $115.00, about 15.5% above its July 23 closing price of $97.22

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nPn7v2Tnqa

(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.)