10-K - SouthState Corporation | StockGist

AI Analysis

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SouthState Corporation reported strong financial results for fiscal year 2025, with net income of $798.7 million and earnings per share of $8.00. The company generated $3.38 billion in total interest income, primarily from loans ($3.00 billion), and $377.7 million in noninterest income, resulting in net interest income of $2.30 billion after $1.08 billion in interest expense. Total assets grew to $67.20 billion, with loans net of allowance at $48.01 billion and total deposits of $55.15 billion. The company maintained solid capital levels with shareholders' equity of $9.06 billion. Cash flow from operations was $300.8 million, while financing activities provided $1.46 billion primarily from deposit growth and borrowings. The provision for credit losses was $119.8 million, reflecting ongoing credit risk management.

Key Takeaways

1Net income of $798.7 million with earnings per share of $8.00

2Total assets of $67.20 billion including $48.01 billion in net loans

3Net interest income of $2.30 billion from $3.38 billion total interest income

4Total deposits of $55.15 billion with $13.38 billion noninterest-bearing

5Shareholders' equity of $9.06 billion with $2.61 billion retained earnings

Key Financial Metrics

EPS

$8.00

Net Income

$0.80B