← SouthState Bank Corp
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | $374.4m | $377.6m | — | — | — | — | — | — | — | — | |
| Total cash and cash equivalents | $374.4m | $377.6m | $409.0m | $688.7m | $4.6b | $6.8b | $1.3b | $998.9m | $1.4b | $3.2b | |
| Property, Plant and Equipment, Net | $183.5m | $255.6m | $241.1m | $317.3m | — | — | — | — | — | — | |
| Goodwill | $338.3m | $999.6m | $1.0b | $1.0b | $1.6b | $1.6b | $1.9b | $1.9b | $1.9b | $3.1b | |
| Intangible Assets, Net (Excluding Goodwill) | $39.8m | $73.8m | $62.9m | $49.8m | $162.6m | $128.1m | $116.5m | $88.8m | $66.5m | $386.3m | |
| Core deposit and other intangibles | $39.8m | $73.8m | $62.9m | $49.8m | $162.6m | $128.1m | $116.5m | $88.8m | $66.5m | $386.3m | |
| Operating Lease, Right-of-Use Asset | — | — | — | $87.4m | $113.4m | $110.3m | $108.0m | $100.3m | $95.8m | $507.1m | |
| Other assets | $72.9m | $126.6m | $119.5m | $176.3m | $344.3m | $438.8m | $515.6m | $466.9m | $433.8m | $653.2m | |
| Additional Financial Items | |||||||||||
| Cash and due from banks | $202.0m | $255.8m | $251.4m | $262.0m | $363.3m | $476.7m | $548.4m | $510.9m | $525.5m | $583.4m | |
| Federal funds sold and interest-earning deposits with banks | — | — | — | — | $3.6b | $6.0b | $580.5m | $236.4m | $593.8m | $2.3b | |
| Deposits in other financial institutions (restricted cash) | $36.2m | $117.6m | $124.9m | $426.7m | $663.5m | $347.6m | $183.7m | $251.5m | $272.8m | $302.2m | |
| Trading securities, at fair value | — | — | — | — | $10.7m | $77.7m | $31.3m | $31.3m | $102.9m | $110.2m | |
| Securities held to maturity (fair value of $1,732,850 and $1,834,527) | $6.1m | $2.5m | — | — | $955.5m | $1.8b | $2.7b | $2.5b | $2.3b | $2.0b | |
| Securities available for sale, at fair value | $999.4m | $1.7b | $1.5b | $2.0b | $3.3b | $5.2b | $5.3b | $4.8b | $4.3b | $6.3b | |
| Other investments | $9.5m | $20.5m | $25.6m | $49.1m | $160.4m | $160.6m | $179.7m | $192.0m | $223.6m | $353.4m | |
| Loans held for sale | $50.6m | $70.9m | $22.9m | $59.4m | $290.5m | $191.7m | $29.0m | $50.9m | $279.4m | $345.3m | |
| Less allowance for credit losses | — | — | — | ($56.9m) | ($457.3m) | ($301.8m) | ($356.4m) | ($456.6m) | ($465.3m) | ($585.2m) | |
| Loans, net | $6.6b | $10.6b | $11.0b | $11.3b | $24.2b | $23.6b | $29.8b | $31.9b | $33.4b | $48.0b | |
| Bank property held for sale | — | — | — | $5.4m | $36.0m | $9.6m | $17.8m | $12.4m | — | $78.5m | |
| Premises and equipment, net | $183.5m | $255.6m | $241.1m | $317.3m | $579.2m | $558.5m | $520.6m | $519.2m | $502.6m | $994.2m | |
| Bank owned life insurance ("BOLI") | $104.1m | $225.1m | $230.1m | $234.6m | $559.4m | $783.0m | $964.7m | $991.5m | $1.0b | $1.3b | |
| Deferred tax assets | $31.1m | $45.9m | $37.1m | $31.3m | $110.9m | $65.0m | $177.8m | $164.4m | $179.9m | $112.6m | |
| Derivatives assets | — | — | — | $16.3m | $813.9m | $414.7m | $211.0m | $172.9m | $161.5m | $222.9m | |
| Mortgage servicing rights | $29.0m | $31.1m | $34.7m | $30.5m | $43.8m | $65.6m | $86.6m | $85.2m | $89.8m | $84.0m | |
| Noninterest-bearing | $2.2b | $3.0b | $3.1b | $3.2b | $9.7b | $11.5b | $13.2b | $10.6b | $10.2b | $13.4b | |
| Interest-bearing | $5.1b | $8.5b | $8.6b | $8.9b | $21.0b | $23.6b | $23.2b | $26.4b | $27.9b | $41.8b | |
| Federal funds purchased | — | — | — | $56.6m | $384.7m | $381.2m | $213.6m | $248.2m | $260.2m | $306.8m | |
| Securities sold under agreements to repurchase | — | — | — | $242.2m | $394.9m | $400.0m | $342.8m | $241.0m | $254.7m | $311.4m | |
| Corporate and subordinated debentures | — | — | — | $115.8m | $390.2m | $327.1m | $392.3m | $391.9m | $391.5m | $696.5m | |
| Reserve for unfunded commitments | — | — | — | $335k | $43.4m | $30.5m | $67.2m | $56.3m | $45.3m | $69.6m | |
| Derivative liabilities | — | — | — | $31.3m | $804.8m | $410.1m | $1.0b | $804.5m | $879.9m | $554.7m | |
| Other liabilities | $62.5m | $121.7m | $126.4m | $256.3m | $430.1m | $553.3m | $443.1m | $478.1m | $598.3m | $1.1b | |
| Surplus | $711.3m | $1.8b | $1.8b | $1.6b | $3.8b | $3.7b | $4.2b | $4.2b | $4.3b | $6.5b | |
| Total investment securities | $1.0b | $1.7b | $1.5b | $2.0b | $4.4b | $7.2b | $8.2b | $7.5b | $6.8b | $8.7b | |
| Total loans | $6.1b | $1.3m | $10.5b | $11.0b | $24.7b | $23.9b | $30.2b | $32.4b | $33.9b | $48.6b | |
| Total deposits | $7.3b | $11.5b | $11.6b | $12.2b | $30.7b | $35.1b | $36.4b | $37.0b | $38.1b | $55.1b | |
| Total shareholders' equity | $1.1b | $2.3b | $2.4b | $2.4b | $4.6b | $4.8b | $5.1b | $5.5b | $5.9b | $9.1b | |
| Assets | $8.9b | $14.5b | $14.7b | $15.9b | $37.8b | $42.0b | $43.9b | $44.9b | $46.4b | $67.2b | |
| Total assets | $8.9b | $14.5b | $14.7b | $15.9b | $37.8b | $42.0b | $43.9b | $44.9b | $46.4b | $67.2b | |
| LIABILITIES AND EQUITY | |||||||||||
| Long-term Debt, Excluding Current Maturities | $55.4m | — | — | — | — | — | — | — | — | — | |
| Liabilities | $7.8b | $12.2b | $12.3b | $13.5b | $33.1b | $37.2b | $38.8b | $39.4b | $40.5b | $58.1b | |
| Total liabilities | $7.8b | $12.2b | $12.3b | $13.5b | $33.1b | $37.2b | $38.8b | $39.4b | $40.5b | $58.1b | |
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, Issued | $60.6m | $91.9m | $89.6m | $84.4m | $177.4m | $173.3m | $189.3m | $190.1m | $190.8m | $247.8m | |
| Additional Paid in Capital | $711.3m | $1.8b | $1.8b | $1.6b | $3.8b | $3.7b | $4.2b | $4.2b | $4.3b | $6.5b | |
| Retained Earnings (Accumulated Deficit) | $370.9m | $419.8m | $551.1m | $679.9m | $657.5m | $997.7m | $1.3b | $1.7b | $2.0b | $2.6b | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | ($8.2m) | ($10.4m) | ($24.9m) | $1.0m | $47.6m | ($21.1m) | ($677.1m) | ($582.5m) | ($606.9m) | ($283.4m) | |
| Common stock - $2.50 par value; authorized 160,000,000 shares; 99,138,204 and 76,322,206 shares issued and outstanding, respectively | 60.6m | 91.9m | 89.6m | 84.4m | 177.4m | 173.3m | 189.3m | 190.1m | 190.8m | 247.8m | |
| Accumulated other comprehensive loss | ($8.2m) | ($10.4m) | ($24.9m) | $1.0m | $47.6m | ($21.1m) | ($677.1m) | ($582.5m) | ($606.9m) | ($283.4m) | |
| Stockholders' Equity Attributable to Parent | $1.1b | $2.3b | $2.4b | $2.4b | $4.6b | $4.8b | $5.1b | $5.5b | $5.9b | $9.1b | |
| Liabilities and Equity | $8.9b | $14.5b | $14.7b | $15.9b | $37.8b | $42.0b | $43.9b | $44.9b | $46.4b | $67.2b | |
| Total liabilities and shareholders' equity | $8.9b | $14.5b | $14.7b | $15.9b | $37.8b | $42.0b | $43.9b | $44.9b | $46.4b | $67.2b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.