SouthState Bank : Q1 2026 Earnings Conference Call Presentation

Published: 2026-04-24 10:10:12 ET SSB

Published on 04/24/2026 at 10:10 am EDT

1Q 2026

April 24, 2026

Premier Deposit Franchise

Regional bank leader with scale

Operating in the Best Growth Markets

Shoot where the ducks are flying

Local Leadership Model Driving Durable Results

Above peer results over the short, medium,

and long-term

Long-Term Track Record of Shareholder Value Creation

Top quartile TSR through 20 years of cycles

Assets

Deposits

Market Cap

Branch Locations

Team Members

For end note descriptions, see Earnings Presentation End Notes starting on slide 29. 2

Fort Collins

P RE M I E R D E P O S I T FRA N C HI S E (1 )

$56B

Denver

Front Range

$4B Deposits

#2 Regional Bank

ATL-CLT Corridor

$10B Deposits

#4 Regional Bank

Charlotte

Richmond

Deposits

1.4M

Deposit

Dallas

Austin Houston

Birmingham

Atlanta

Greenville

Augusta

Charleston Savannah

Jacksonville

Coastal South

$7B Deposits

#1 Regional Bank

Accounts

$39K

Average Balance

Texas Triangle

$8B Deposits

#4 Regional Bank

For end note descriptions, see Earnings Presentation End Notes starting on slide 29.

Central Florida

$12B Deposits

#2 Regional Bank

Tampa

Orlando Winter Haven

Miami

1.76%

Cost of Deposits

Leading Growth Characteristics…

… Support Superior Growth

Projected Population Growth(1) Loans per Share CAGR - Last 5 Years (non-GAAP)(3)

6.8%

7.0%

4.1%

4.9%

SSB

4.5%

2.6%

Regional Competitors(2)

National Average

Regional Competitors (2) Peer Median

Projected HHI Growth(1) Deposits per Share CAGR - Last 5 Years (non-GAAP)(3)

SSB

13.0% 5.2%

12.1%

11.3%

Regional Competitors(2)

National Average

4.3%

3.1%

Regional Competitors (2)

Peer Median

O P E R AT I N G I N THE B E S T G R O W TH M A RK E TS

Local Leadership Model

1.01%

1.33%

0.90%

1.01%

5-year Average

…And Superior Credit

Sustained Superior Profitability …

Adjusted ROAA (non-GAAP)(2)

1.48%

Peer Median

1-year

5-year Average

20-year Average

…With Consistently Low Funding Costs vs. Peers…

Cost of Deposits

1.03% 0.90%

1-year

0.31%

0.46%

0.05% 0.16%

0.22%

1.23%

1.28%

1.18%

1.86%

5-year Average

20-year Average

Leading Long-Term Operating Results(1)

NCOs / Avg. Loans(3)

20-year Average

0.11%

1-year

2.05%

21 division presidents provide localized decision-making driving tailored client outcomes

Incentive system structured to drive P&L alignment

Bankers are empowered to make decisions based on local market knowledge

Average consumer relationship is 10+ years

Top-performing bank in employee engagement and client satisfaction

Recognized as a top-quartile performer in commercial banking client experience, achieving a Coalition Greenwich Net Promoter Score of 64, surpassing the top-quartile threshold of 60 among large U.S. banks.

Recognized as a top-quartile leader in consumer banking

J.D.

Power

client experience, earning a J.D. Power Net Promoter Score of 49, exceeding the top-quartile threshold of 46 among the Top 50 largest U.S. banks by assets.

Recognized as a top-decile performer (86% engagement) in the Financial Services benchmark for employee engagement, compared to approximately 150 other financial services organizations who use CultureAmp.

L OCA L LE A D E R S H I P M OD E L D R I V I N G D U R A B LE R E S U LT S

Track Record of Profitable & Prudent Growth

EPS CAGR - Last 20 Years TBVPS CAGR - Last 20 Years

8.0%

3.3%

3.5%

1.2%

Peer Median

KRX

BKX

7.6%

5.2%

5.8%

3.7%

Peer Median

KRX

BKX

Total Shareholder Returns

SSB

Annualized TSR - Last 20 Years vs. Peers

8.0%

7.8%

7.6%

7.5%

7.2%

6.6%

5.7%

4.5%

4.0%

3.6%

4.6%

4.4%

2.7%

2.4%

1.6%

1.4%

0.6%

0.3%

0.1%

Peer 1 Peer 2 Peer 3

Peer 4 Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 Peer 12 Peer 13 Peer 14 Peer 15 Peer 16

KRX

BKX

LO N G - TE RM TRA C K RE C O RD O F S HA RE HO L D E R VA L U E C RE ATI O N

2026 F O C U S

Expanding sales force

Driving meaningful balance sheet growth

Share repurchases supported by robust earnings Leveraging AI to drive speed and scale

Reported / Adjusted

1Q25

Reported(† )

1Q26

Net Income

$ 226

$ 89 / $ 219

PPNR

$ 302

$ 221 / $ 289

EPS (Diluted)

$ 2.28

$ 0.87 / $ 2.15

ROA*

1.37%

0.56% / 1.38%

ROATCE*

17.59%

8.99% / 19.85%

NIM (non-TE/TE)*

3.78% / 3.79%

3.84% / 3.85%

Efficiency Ratio

51%

61% / 50%

CET 1 Ratio

11.3%

11.0%

ROA of 1.37%*

Loans increased $898 million, or 7%*

Deposits increased $730 million, or 5%*

Stable credit with net charge-offs of 9 bps*

Repurchased 1.5 million shares

Tangible Book Value per Share (Non-GAAP)(4) increased 14% year over year

1 Q 2 6 Q U A R TE R LY HI G HL I G HT S ( 1)

$3,915

$3,775

$3,335

$3,375

$2,124

$401

$501

$898

$931

$(263)(2)

1Q25 2Q25 3Q25 4Q25 1Q26

L O A N P R O DU C T IO N A ND NE T L O A N G R O W T H T R E ND

Net Interest Income

$544.5

3.85%

$561.6

3.79%

$577.9

4.02%

3.86%

$581.1

$599.7

4.06%

1Q25 2Q25 3Q25 4Q25 1Q26

NE T INT E R E S T MA R G IN ( T E ) (1 )

$120

$90

$ in millions

$60

Noninterest Income(1)

$86

$87

0.63%

0.60%

0.61%

0.54%

$99

$100

$106

1.00%

0.80%

0.60%

$35

$30

$25

$20

$ in millions

$15

$10

Correspondent Revenue Breakout

$30

$(5.4)

$(3.0)

$(3.2)

$(4.3)

$(7.2)

$16.7

$25.5

$30.6

$19.2

$24.4

0.40%

$(5)

1Q25 2Q25 3Q25 4Q25 1Q26

0.20%

$(10)

1Q25 2Q25 3Q25 4Q25 1Q26

NO NINT E R E S T INC O ME

T O TAL L O AN P O R T F O L I O

Cons / Other 2%

Loans by Type

C&I 19%

CDL (1)

No. of

Avg. Loan

Loan Type

Loans

Balance

Investor CRE

11,255

$ 18.3B

$ 1,626,500

Consumer RE

50,535

10.6B

209,200

Owner-Occupied CRE

8,835

7.7B

868,900

C & I

22,529

9.4B

416,800

Constr., Dev. & Land

3,475

2.6B

746,200

Cons / Other

45,510

1.0B

21,000

Total

142,139

$ 49.5B

$ 348,200

Investor CRE (2)

37%

Total Loans

$49.5 Billion

Owner-Occupied CRE

16%

Consumer RE 21%

Data as of March 31, 2026

Loan portfolio balances, average balances or percentage exclude loans held for sale; Amounts may

not total due to rounding. 14

For end note descriptions, see Earnings Presentation End Notes starting on slide 29.

P R E MIU M DE P O S IT F R A NC H IS E

Deposits by Type

Time Deposits 13%

Noninterest-bearing Checking 25%

Money Market 32%

Data as of March 31, 2026

Total Deposits

$55.9 Billion

Savings 5%

Interest-bearing Checking 25%

Granular, Low-cost Core Deposit Base

1.4 million total deposit accounts

~1.1M consumer accounts with $18K average balance and over 10 year average relationship

~0.3M commercial accounts with $118K average balance and ~8 year average relationship

For end note descriptions, see Earnings Presentation End Notes starting on slide 29.

62% commercial, 38% consumer

deposits by balance 15

0.10% 0.10%

0.11% 0.08% 0.13%

0.10%

0.33%

0.56% 0.31%

0.24%

0.39%

0.19% 0.21% 0.28%

0.52%

1.20%

0.77%

1.86% 1.76%

1.80%

2024 2025 1Q26(1)

2.40%

2.05%

1.87%

1.82%

Peer Average(1)

2017 2018 2019 2020 2021 2022 2023

2016

SSB

2015

Total Cost of Deposits

0.50%

0.25%

Net Charge-Offs to Loans

0.27%

0.04%(1)

0.06%(1)

0.09%

1Q25 2Q25 3Q25 4Q25 1Q26

1.00%

0.75%

0.50%

0.25%

Nonperforming Assets to Loans & OREO

0.60%

0.68%

0.67%

0.64%

0.66%

1Q25 2Q25 3Q25 4Q25 1Q26

5.00%

4.00%

3.00%

2.00%

1.00%

Special Mention & Classified Asset Trends

2.84%

2.99%

3.10%

3.68% 3.61%

1.25%

1.41% 1.44% 1.54%

1.04%

1Q25 2Q25 3Q25 4Q25 1Q26

$750

$ in millions

$600

$450

$300

$150

Total ACL(2) plus Reserve for Unfunded Commitments

$62

$65

$69 $70 $69

$586

1.32%

$585

1.35%

$621

1.45%

$624

1.47%

$590

1.38%

1Q25 2Q25 3Q25 4Q25 1Q26

2.20%

1.80%

1.40%

1.00%

A SSE T Q U A L I T Y M E T R I C S & L O A N L O SS R E SE R VE

Investor CRE

Wtd Avg LTV (1)

% Current

Multifamily

$747

55%

99.5%

Warehouse/Industrial

$168

53%

99.5%

Office

$166

64%

98.8%

Retail

$96

57%

93.6%

Nursing Home

$89

63%

93.3%

Self Storage

$65

55%

100.0%

Other

$149

55%

93.0%

Total

$1,480

56%

98.1%

(2)

Other

11%

SBA

OO CRE

11%

$2.5B

3.6% of assets

Investor

CRE 59%

C&I

13%

Investor CRE: WA LTV of 56% with >98% current; average balance of $6.0M

OOCRE: WA LTV of 55% with >95% current; average balance of $1.2M

C&I: >89% current; average balance of $0.6M

88% of classified loans are accruing, 99% of which are current

C L AS S I F I E D AS S E T S UM M AR Y (S UB S TAN D AR D & N O N A C C R U AL )

NDFI % of Total Loans

Other Loans

to NDFIs 12%

Mortgage Credit

Intermediaries 10%

Business Credit

Intermediaries 5%

Consumer Credit

Intermediaries 30%

$0.9B

1.7% of loans

Private Equity Funds

43%

3rd lowest NDFI exposure among peers in terms of total loans and total capital

Private Equity portfolio consists of capital call lines: 100% bank underwritten, 50% average advance rate

Consumer credit intermediaries are primarily in-market consumer finance companies

Business credit intermediaries are primarily equipment finance and leasing

Other Loans to NDFIs are primarily Insurance and Wealth Management

6.3%

1.7%

SSB Peer Median

NDFI % of Total Capital

40.2%

12.0%

SSB Peer Median

MINIMA L E X P O S U R E T O NDF Is

Disclaimer

SouthState Bank Corporation published this content on April 24, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 24, 2026 at 14:09 UTC.