SouthState Bank
SouthState Bank reported total assets of $68.8 bn at Q2 2026, up 4.4% on a year earlier, the 42nd largest of 497 banks in our US coverage. The CET1 capital ratio at SouthState Bank was 12.17%, and the uninsured share of SouthState Bank was 37.77%. Source: FDIC Call Reports.
Key takeaways
- On net interest margin, SouthState Bank slipped from 58th to 181st among 500 US banks between and (1 = highest; FDIC Call Reports).
- Since , SouthState Bank has taken over 11 institutions; the latest was Independent Bank on (FDIC Call Reports).
- Over the year to , the net interest margin of SouthState Bank fell by 0.55 pp to 3.86%, a bigger fall than at 98% of covered banks (FDIC Call Reports).
What sets SouthState Bank apart
How large is SouthState Bank?
The balance sheet of SouthState Bank at : assets $68.8 bn, deposits $56.4 bn, net loans $50.7 bn (loans equal to 89.87% of deposits). Securities make up 12.4% of total assets at SouthState Bank. Since , when SouthState Bank held $5.0 bn, its assets grew 1,286.8%. In the year to , deposits at SouthState Bank rose 4.0% while its total assets rose 4.4%. At , SouthState Bank employed 6,430 full-time equivalent staff across 374 offices, about $10.7 mn of assets per employee and $150.7 mn of deposits per office.
How much funding at SouthState Bank is uninsured?
At SouthState Bank, uninsured deposits (above the FDIC limit) made up 37.77% of domestic deposits at (-1.87 pp on a year earlier); SouthState Bank ranks 220th of 500 on this measure. In dollars, SouthState Bank estimated $21.3 bn of uninsured deposits.
Key facts, Q2 2026
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total deposits | $56.4 bn | +4.0% | 43rd of 499 |
| Net loans and leases | $50.7 bn | +7.9% | 38th of 500 |
| Loan-to-deposit ratio | 89.87% | +3.22 pp | 189th of 500 |
| Tier 1 leverage ratio | 10.28% | +0.12 pp | 254th of 500 |
| Total risk-based capital ratio | 13.27% | -0.30 pp | 331st of 448 |
| Net interest margin | 3.86% | -0.55 pp | 181st of 500 |
| Return on assets (ROA) | 1.42% | +0.27 pp | 187th of 500 |
| Efficiency ratio | 49.65% | +2.74 pp | 136th of 500 (1 = lowest) |
| Unrealized gain/loss on held-to-maturity securities | Loss of $314.7 mn | Narrowed by $49.5 mn | |
| Unrealized gain/loss on available-for-sale securities | Loss of $418.3 mn | Narrowed by $80.6 mn | |
| Noncurrent loans to total loans | 0.54% | -0.09 pp | 210th of 500 (1 = lowest) |
| Net charge-offs to average loans | 0.07% | -0.24 pp | 227th of 500 (1 = lowest) |
US rank of SouthState Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
SouthState Bank: assets, deposits and loans
- Total assets $68.8bn
- Deposits $56.4bn
- Net loans $50.7bn
Capital and securities
The CET1 ratio of SouthState Bank stood at 12.17% in , -0.21 pp year on year. Low and high at SouthState Bank since : 10.47% () to 13.38% (). Equity capital of SouthState Bank at : $9.7 bn, or 14.1% of total assets. SouthState Bank also reported a total capital ratio of 13.27% for , and a tier 1 leverage ratio of 10.28%.
On held-to-maturity securities, SouthState Bank carried an unrealized loss of $314.7 mn at , equal to 3.2% of equity capital. The loss narrowed by $49.5 mn over the year. Its deepest point: $521.3 mn in . The available-for-sale portfolio of SouthState Bank showed an unrealized loss of $418.3 mn at ; the loss narrowed by $80.6 mn over the year.
SouthState Bank: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 10%
SouthState Bank: unrealized securities gains and losses
- Available for sale -$418mn
- Held to maturity -$315mn
Profitability and loan quality
For the year to , SouthState Bank earned a return on equity of 9.97%; return on assets: 1.42%. Net interest margin at SouthState Bank: 3.86%, -0.55 pp in a year. SouthState Bank net income: $481.1 mn, up 41.8% year on year. The efficiency ratio of SouthState Bank was 49.65%: about 50 cents cost per revenue dollar, against 49 cents at the median peer.
At , noncurrent loans were 0.54% of total loans at SouthState Bank; net charge-offs: 0.07% of average loans. Gross loans and leases at SouthState Bank: $51.3 bn, up 7.7% in a year.
SouthState Bank: profitability
- Return on equity 10.0%
- Net interest margin 3.9%
- Return on assets 1.4%
Peer group of SouthState Bank
The peer group of SouthState Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of SouthState Bank (national bank), 6 sit in the same size group ($10 bn to $100 bn) and 0 have head offices in Florida. Against them, SouthState Bank shows CET1 ratio 12.17% against a peer median of 11.98%, return on equity 9.97% against a peer median of 11.38% and uninsured deposit share 37.77% against a peer median of 41.80%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| First Horizon Bank | State member bank | TN | $84.1 bn | 11.18% | 12.53% | 40.33% | |
| Old National Bank | National bank | IN | $73.9 bn | 11.34% | 12.44% | 43.27% | |
| UMB Bank | National bank | MO | $71.9 bn | 11.75% | 13.06% | 63.56% | |
| SouthState Bank | National bank | FL | $68.8 bn | 12.17% | 9.97% | 37.77% | |
| CIBC Bank USA | State member bank | IL | $66.5 bn | 16.86% | 8.67% | 65.90% | |
| Valley National Bank | National bank | NJ | $66.2 bn | 12.28% | 8.45% | 39.75% | |
| Columbia Bank | State nonmember bank | OR | $65.4 bn | 12.21% | 10.33% | 39.45% | |
. FDIC Call Reports.
Last eight quarters
Two years at SouthState Bank, to : assets +49.3%, deposits +49.3%, equity +57.0%. Staff 5,144 to 6,430; offices 270 to 374.
| Metric | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $46.1 bn | $46.4 bn | $65.1 bn | $65.9 bn | $66.0 bn | $67.2 bn | $67.9 bn | $68.8 bn |
| Total deposits | $37.8 bn | $38.2 bn | $53.4 bn | $54.2 bn | $54.2 bn | $55.2 bn | $55.9 bn | $56.4 bn |
| Bank equity capital | $6.2 bn | $6.2 bn | $9.2 bn | $9.4 bn | $9.6 bn | $9.7 bn | $9.6 bn | $9.7 bn |
| CET1 ratio | 13.15% | 13.38% | 12.29% | 12.38% | 12.62% | 12.54% | 12.33% | 12.17% |
| Return on equity (ROE) | 9.30% | 9.47% | 5.64% | 8.21% | 9.38% | 9.84% | 9.90% | 9.97% |
| Uninsured share of domestic deposits | 36.70% | 38.47% | 40.77% | 39.64% | 38.60% | 39.78% | 38.89% | 37.77% |
| Full-time equivalent employees | 5,144 | 5,100 | 6,405 | 6,305 | 6,259 | 6,317 | 6,390 | 6,430 |
| Number of offices | 270 | 271 | 370 | 370 | 371 | 371 | 374 | 374 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of SouthState Bank, oldest first; figures before and after each event are not like for like.
- . Absorbed 1st National Bank of South Florida (FDIC certificate 3564).
- . Absorbed Community Bank of Florida, Inc. (FDIC certificate 21258).
- . Absorbed Platinum Bank (FDIC certificate 34620).
- . Absorbed Gateway Bank of Florida (FDIC certificate 58176).
- . Absorbed Gateway Bank of Central Florida (FDIC certificate 58506).
- . Absorbed Gateway Bank of Southwest Florida (FDIC certificate 58725).
- . Absorbed Harbor Community Bank (FDIC certificate 18149).
- . Absorbed Sunshine Bank (FDIC certificate 30750).
- . Absorbed CharterBank (FDIC certificate 30720).
- . Absorbed National Bank of Commerce (FDIC certificate 57764).
- . Absorbed South State Bank (FDIC certificate 13425).
- . Absorbed Atlantic Capital Bank, National Association (FDIC certificate 35525).
- . Absorbed Independent Bank (FDIC certificate 3076).
Large one-quarter moves at SouthState Bank
- Total assets at SouthState Bank changed by +27.0% in the quarter to 2017-06-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Gateway Bank of Central Florida, Gateway Bank of Florida, Gateway Bank of Southwest Florida, Platinum Bank.
- Total assets at SouthState Bank changed by +46.4% in the quarter to 2018-03-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Harbor Community Bank, Sunshine Bank.
- Total assets at SouthState Bank changed by +35.3% in the quarter to 2019-06-30: Absorbtion - Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from National Bank of Commerce.
- Total assets at SouthState Bank changed by +102.9% in the quarter to 2020-06-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from South State Bank.
- Total assets at SouthState Bank changed by +40.4% in the quarter to 2025-03-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Independent Bank.
Questions and identifiers
What were the total assets of SouthState Bank?
SouthState Bank reported $68.8 bn at in its Call Report. That makes SouthState Bank the 42nd largest of 497 banks in our US coverage.
Is SouthState Bank the same as its holding company?
No. This page covers SouthState Bank, FDIC certificate 33555; SouthState Bank Corp, its holding company, reports separately to the Federal Reserve.
Is SouthState Bank profitable?
SouthState Bank reported net income of $481.1 mn for the year to ; annualized return on equity: 9.97%. So yes: SouthState Bank made a profit over these months.
When is data for SouthState Bank next updated?
Figures from SouthState Bank for are due after .
Where can I check the figures for SouthState Bank?
In the FDIC BankFind Suite record for certificate 33555, and in the Call Reports of SouthState Bank (RSSD ID 1929247) at the FFIEC Central Data Repository.