secwatch.observer — SEC 8-K summary
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Issuer:     SouthState Bank Corp (SSB)
CIK:        0000764038
Form:       8-K
Filed at:   2025-03-06T23:59:59+00:00
Accession:  0001558370-25-002399
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SouthState closes $457M sale-leaseback of 165 branches; reinvests in shorter-duration securities
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- Closed sale of 165 branches to Blue Owl affiliates for $457M net cash, generating ~$229M pre-tax gain.
- Entered 15-year triple net leases with 2% annual rent escalation; no branch closures or market exits.
- Sold AFS securities for pre-tax loss approximating sale-leaseback gain; reinvested in ~3yr market rate securities.
- Net transaction expected to be immediately accretive to net income and EPS; Q1 earnings call to provide NII guidance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764038/000155837025002399/0001558370-25-002399-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764038/000155837025002399/ssb-20250228x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-002399

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