SouthState Q4 2022 EPS $1.88; adjusted $1.90; NIM 3.99%

SouthState Bank Corp

2022-FY EPS reported $6.60

GAAP net income $143.5M ($1.88 diluted EPS); adjusted net income $144.7M ($1.90).
Net interest margin expanded to 3.99% from 3.58% QoQ; core NII up $36M.
Loans grew $1.3B (19% annualized); deposits declined $559M (6% annualized).
Quarterly dividend declared $0.50 per share, payable Feb 17, 2023 to record Feb 10.
Mortgage banking income turned negative ($545K); MSR write-down $3M.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SouthState Bank Corp reported financial results for three and twelve-month periods ended December 31, 2022.

Period: three and twelve-month periods ended December 31, 2022
Result: reported results

Exact text from the filing

On January 26, 2023, SouthState Corporation (“SouthState” or the “Company”) issued a press release announcing its financial results for the three and twelve-month periods ended December 31, 2022, along with certain other financial information.

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SouthState Bank Corp filing history →

Source: SEC EDGAR

accession 0001558370-23-000612

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