SSB SouthState Bank (SSB) Q1 FY26 earnings call
SouthState Bank reported strong Q1 FY26 results driven by robust loan growth, particularly in Texas and Colorado, and continued strategic share repurchases. While the net interest margin faced slight pressure from elevated deposit costs, management remains optimistic about future growth and efficiency gains from AI adoption. The company is focused on expanding its commercial banking sales force and maintaining strong credit quality, with a revised NIM outlook reflecting higher growth expectations and persistent deposit competition.
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SSB operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Return on tangible common equity (ROTCE) | 17.6%For the quarter, SouthState delivered a return on assets of 1.37% and a return on tangible common equity of 17.6%.Source: earnings call transcript | 17.6%We generated a return on assets of 1.36% and a return on tangible common equity of 17.6%, which extends the consistent high performance over the last several quarters.Source: earnings call transcript | — | 0 pt |
| Net interest margin | 3.79%Our net interest margin of 3.79% was just below our guidance of 3.80% to 3.90%.Source: earnings call transcript | 3.78%Our net interest margin of 3.78% was down 1 basis point from Q1 and and in line with our $3.75 to $3.80 guidance.Source: earnings call transcript | 3.78%Deposits also grew 9% and without sacrificing margin, which held flat with the second quarter at 3.78% -- that net interest margin stability reflects a deliberate shift over the last couple of years towards more floating rate loans.Source: earnings call transcript | 0 pt |
| Common equity tier 1 ratio (CET1) | 11.3%CET1 ended at 11.3%.Source: earnings call transcript | 11.1%CET1 ended at 11.1%, TCE was 8.7% and and our TBV per share ended at $58.72, which is up 13% from the year ago level, a period in which we repurchased over 4.9 million shares or approximately 5% of the company.Source: earnings call transcript | 11.1%CET1 ended at 11.1%.Source: earnings call transcript | 0 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.