SouthState Bank Declares $0.60 Quarterly Dividend
SouthState Bank Corporation (NYSE: SSB), a regional banking company, announced a $0.60 per share quarterly cash dividend. The dividend is payable to shareholders of record as of May 8, 2026.
SouthState Bank Corporation (NYSE: SSB), a regional banking company operating across the Southeast, declared a quarterly cash dividend of $0.60 per share on its common stock. The dividend will be paid on May 15, 2026 to shareholders of record as of May 8, 2026. Read more dividend announcements.
The Board of Directors approved the dividend following the company's first quarter 2026 earnings announcement. Chief Executive Officer John C. Corbett noted that over the past year, tangible book value per share increased 14%, even as the company repurchased nearly 4% of its shares and raised the dividend by 11%.
| Dividend Details | Date |
|---|---|
| Amount | $0.60 per share |
| Record Date | May 8, 2026 |
| Payment Date | May 15, 2026 |
| Frequency | Quarterly |
First Quarter 2026 Performance
SouthState reported net income of $225.8 million for the first quarter of 2026, with diluted earnings per share of $2.28. The company posted a return on average assets of 1.37% and a return on average common equity of 10.1%.
Net interest income totaled $562 million, an increase of $17 million, or 3%, year over year. The company's net interest margin stood at 3.78% on a non-tax equivalent basis.
Loans increased by $898 million, or 7% on an annualized basis, while deposits grew by $730 million, or 5% annualized. Net charge-offs totaled $10.5 million, or 0.09% of average loans on an annualized basis.
The company maintained a strong capital position with a tangible common equity ratio of 8.6% and total risk-based capital ratio of 13.7%. Book value per share reached $92.21, while tangible book value per share stood at $56.90.