← SouthState Bank Corp
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $101.3m | $87.6m | $178.9m | $186.5m | $120.6m | $475.5m | $496.0m | $494.3m | $534.8m | $798.7m | — | |
| Depreciation, Depletion and Amortization | $21.6m | $28.7m | $35.7m | $33.1m | $46.4m | $63.1m | $64.6m | $58.8m | $56.7m | $157.6m | $158.3m | |
| Amortization | $5.4m | $6.9m | $7.6m | $7.3m | $22.2m | $38.0m | $27.3m | $20.1m | $19.3m | $11.0m | ($194.0m) | |
| Amortization of Intangible Assets | $7.6m | $10.4m | $14.2m | $13.1m | $27.0m | $35.2m | $33.2m | $27.6m | $22.4m | $94.7m | — | |
| Depreciation | $11.5m | $15.2m | $18.7m | $18.2m | $25.3m | $29.2m | $29.4m | $28.2m | $28.9m | $34.0m | $158.3m | |
| Deferred Income Tax Expense (Benefit) | $12.2m | $32.1m | $13.3m | ($1.4m) | ($46.2m) | $68.3m | $124.3m | $2.0m | ($10.0m) | $105.3m | $61.2m | |
| Deferred income taxes | $9.4m | $5.6m | $15.2m | ($1.5m) | ($44.3m) | $67.8m | $123.5m | $1.9m | ($10.9m) | $117.8m | $61.2m | |
| Share-based Payment Arrangement, Noncash Expense | $6.2m | $6.9m | $8.8m | $8.8m | $23.3m | $25.7m | $35.6m | $35.9m | $28.0m | $37.0m | $37.1m | |
| Share-based compensation expense | $6.2m | $6.9m | $8.8m | $8.8m | $23.3m | $25.7m | $35.6m | $35.9m | $28.0m | $37.0m | $37.1m | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | — | $0 | $0 | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15.7m | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | $0 | — | — | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | — | — | $4.4m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | — | $125.0m | $27.0m | $15.5m | — | |
| Accrued interest receivable | ($1.5m) | ($2.2m) | ($3.3m) | ($777k) | ($19.4m) | $17.1m | ($32.8m) | ($19.8m) | ($9.0m) | ($9.5m) | — | |
| Accrued interest payable | ($831k) | ($948k) | $1.9m | $197k | ($3.7m) | ($3.8m) | $2.6m | $50.6m | ($16.1m) | ($30.0m) | — | |
| Accrued income taxes | $105k | $2.0m | $143k | ($8.5m) | ($77.9m) | ($53.8m) | ($17.2m) | $62.5m | $52.1m | ($60.4m) | — | |
| Increase (Decrease) in Other Operating Assets | $13.8m | $32.3m | $1.2m | $44.8m | ($27.4m) | $79.3m | ($147k) | $6.3m | ($5.9m) | $40.6m | — | |
| Increase (Decrease) in Other Operating Liabilities | $9.1m | $7.1m | $3.4m | $36.0m | $74.1m | $119.1m | ($144.2m) | ($6.5m) | $140.6m | ($872k) | — | |
| Miscellaneous other assets | ($13.8m) | ($32.3m) | ($1.2m) | ($44.8m) | $27.4m | ($79.3m) | $147k | ($6.3m) | $5.9m | ($40.6m) | — | |
| Miscellaneous other liabilities | $9.1m | $7.1m | $3.4m | $36.0m | $74.1m | $119.1m | ($144.2m) | ($6.5m) | $140.6m | ($872k) | — | |
| Net Cash Provided by (Used in) Operating Activities | $138.0m |
$197.9m
+43.39%
|
$283.7m
+43.37%
|
$181.0m
-36.19%
|
$536.9m
+196.61%
|
$537.3m
+0.06%
|
$1.7b
+222.17%
|
$546.8m
-68.41%
|
$512.0m
-6.36%
|
$300.8m
-41.24%
|
$927.6m
+208.35%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $60k | ($177k) | ($1.6m) | ($3.6m) | ($5.0m) | ($856k) | ($2.9m) | ($66k) | $19k | ($148k) | ($30.7m) | |
| Payments to Acquire Property, Plant, and Equipment | $25.8m | $15.2m | $14.5m | $15.8m | $16.9m | $28.4m | $17.7m | $38.9m | $35.8m | $70.3m | ($67.2m) | |
| Equipment Expense | $12.4m | $15.6m | $18.3m | — | — | — | — | — | — | — | — | |
| Losses (gains) on disposal of premises and equipment | ($60k) | $177k | $1.6m | $3.6m | $5.0m | $856k | $2.9m | $66k | ($19k) | $148k | — | |
| Proceeds from sale of premises and equipment | $60k | $15k | $146k | $11k | $7.1m | $8.5m | $6.1m | $856k | $373k | $997k | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $383.6m | $235.8m | $224.7m | $308.1m | $957.2m | $805.3m | $575.9m | $590.8m | $511.6m | $3.8b | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | ($655k) | — | — | — | — | — | — | — | — | |
| Debt Securities, Trading, Gain (Loss) | — | — | — | — | ($190.9m) | — | — | — | — | — | — | |
| Gain (Loss) on Investments | $122k | $1.4m | — | — | — | — | — | — | — | — | $0 | |
| Gain (Loss) on Sale of Investments | $122k | $1.4m | ($655k) | $2.7m | $50k | $102k | $30k | $43k | ($50k) | ($228.8m) | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | $39.9m | — | — | — | — | — | |
| Net cash received from acquisitions | — | $185.2m | — | — | $2.6b | ($39.9m) | $250.1m | — | — | $1.0b | — | |
| Net Cash Provided by (Used in) Investing Activities | ($690.9m) | ($60.9m) | ($282.1m) | ($795.1m) | $1.2b | ($2.3b) | ($4.9b) | ($1.4b) | ($886.2m) | $20.8m | ($3.8b) | |
| Cash flows from financing activities: | ||||||||||||
| Debt and Equity Securities, Realized Gain (Loss) | — | — | ($655k) | $2.7m | $50k | $102k | $30k | $43k | ($50k) | ($228.8m) | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | ($11.7m) | — | — | — | — | — | |
| Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase and other short-term borrowings | $25.5m | ($27.9m) | ($16.2m) | $28.1m | $79.4m | $1.6m | ($224.8m) | ($67.2m) | $25.7m | $103.3m | — | |
| Proceeds from borrowings | — | $100.0m | $590.0m | $700.0m | $500.0m | $25.0m | — | $6.1b | $4.0b | $1.0b | — | |
| Repayment of borrowings | ($14k) | ($390.8m) | ($540.0m) | ($150.0m) | ($1.2b) | ($100.9m) | ($13.0m) | ($6.0b) | ($4.1b) | ($1.1b) | — | |
| Payments for Repurchase of Common Stock | $6.0m | $5.5m | $70.6m | $159.4m | $32.4m | $147.4m | $119.3m | $16.1m | $16.8m | $235.8m | — | |
| Payments of Ordinary Dividends, Common Stock | $29 | $39 | $51 | $58 | $98 | $135 | $147 | $156 | $163 | $231 | ($239.0m) | |
| Proceeds from Issuance of Common Stock | $925k | $1.1m | $1.3m | $1.4m | $1.5m | $2.4m | $2.9m | $2.8m | $3.2m | $5.0m | $6.5m | |
| Common stock issuance | $925k | $1.1m | $1.3m | $1.4m | $1.5m | $2.4m | $2.9m | $2.8m | $3.2m | $5.0m | $6.5m | |
| Common stock repurchases | ($6.0m) | ($5.5m) | ($70.6m) | ($159.4m) | ($32.4m) | ($147.4m) | ($119.3m) | ($16.1m) | ($16.8m) | ($235.8m) | — | |
| Common stock issued in acquisition | — | $1.1b | — | — | $2.2b | — | $659.8m | — | — | $2.5b | — | |
| Dividends paid | ($29) | ($39) | ($51) | ($58) | ($98) | ($135) | ($147) | ($156) | ($163) | ($231) | ($239.0m) | |
| Net Cash Provided by (Used in) Financing Activities | $231.6m |
($133.8m)
-157.79%
|
$29.8m
+122.27%
|
$893.7m
+2899.75%
|
$2.2b
+140.99%
|
$4.0b
+86.45%
|
($2.3b)
-156.76%
|
$566.0m
+124.83%
|
$767.4m
+35.59%
|
$1.5b
+90.09%
|
$1.8b
+21.13%
|
|
| Net increase (decrease) in cash and cash equivalents | ($321.3m) | $3.2m | $31.4m | $279.7m | $3.9b | $2.2b | ($5.4b) | ($313.7m) | $393.2m | $1.8b | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $31.4m | $279.7m | $3.9b | $2.2b | ($5.4b) | ($313.7m) | $393.2m | $1.8b | $2.4b | |
| Cash and cash equivalents at beginning of period | $695.8m | $374.4m | $409.0m | $688.7m | $4.6b | $6.8b | $1.3b | $998.9m | $1.4b | $3.2b | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $409.0m | $688.7m | $4.6b | $6.8b | $1.3b | $998.9m | $1.4b | $3.2b | $2.4b | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Provision for Loan, Lease, and Other Losses | $6.8m | $11.9m | — | — | $89.9m | ($152.4m) | $31.5m | — | — | — | $38.4m | |
| Bank Owned Life Insurance Income | — | — | — | — | $10.2m | $18.2m | $23.1m | $25.1m | $27.6m | $35.9m | — | |
| Proceeds from Stock Options Exercised | $2.2m | $2.0m | $1.0m | $1.2m | $1.7m | $2.9m | $1.6m | $2.9m | $5.6m | $472k | — | |
| Parent Company | $29.3m | $38.6m | $50.6m | $57.7m | $98.3m | $135.3m | $146.7m | $156.2m | $162.9m | $231.3m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $9.1m | $18.0m | $52.1m | $86.4m | $87.2m | $55.4m | $67.1m | $441.2m | $742.0m | $1.1b | — | |
| Income Taxes Paid, Net | $39.5m | $48.0m | $31.9m | $55.7m | $103.8m | $126.2m | $35.1m | $74.7m | $111.5m | $170.1m | — | |
| Additional Financial Items | ||||||||||||
| Derivative, Gain (Loss) on Derivative, Net | — | — | $0 | $0 | $0 | $0 | $174k | — | — | — | — | |
| Goodwill | $338.3m | $999.6m | $1.0b | $1.0b | $1.6b | $1.6b | $1.9b | $1.9b | $1.9b | $3.1b | $15.7m | |
| Income Tax Expense (Benefit) | $52.8m | $81.3m | $45.4m | $43.9m | ($16.7m) | $128.7m | $137.3m | $136.5m | $165.5m | $241.5m | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | $6.8m | $11.9m | $13.8m | $12.8m | $236.0m | ($165.3m) | $81.9m | $114.1m | $16.0m | $119.8m | — | |
| Provision for credit losses | $6.8m | $11.9m | $13.8m | $12.8m | $236.0m | ($165.3m) | $81.9m | $114.1m | $16.0m | $119.8m | — | |
| (Gains) losses on sale of securities, net | ($122k) | ($1.4m) | $655k | ($2.7m) | ($50k) | ($102k) | ($30k) | ($43k) | $50k | $228.8m | — | |
| Accretion of discount related to acquired loans | ($5.2m) | ($15.9m) | ($27.8m) | ($13.0m) | ($56.2m) | ($29.7m) | ($36.4m) | ($20.8m) | ($14.4m) | ($258.6m) | — | |
| Gains on sale of bank properties held for sale and repossessed real estate | ($1.7m) | $101k | ($2.0m) | $178k | ($546k) | ($2.3m) | ($4.5m) | ($1.7m) | ($1.4m) | ($244.9m) | — | |
| Bank properties held for sale and repossessed real estate write downs | $4.4m | $2.2m | $1.4m | $1.2m | $1.1m | $2.1m | $273k | $1.6m | $255k | $5.7m | — | |
| Fair value adjustment for loans held for sale | $495k | $752k | ($521k) | ($1.1m) | $4.7m | $6.9m | $6.1m | ($833k) | $69k | $1.5m | — | |
| Originations and purchases of loans held for sale | ($771.1m) | ($682.4m) | ($631.3m) | ($860.1m) | ($3.0b) | ($3.0b) | ($1.4b) | ($881.0m) | ($1.8b) | ($2.1b) | — | |
| Proceeds from sales of loans held for sale | $761.7m | $745.9m | $679.8m | $824.7m | $3.3b | $3.2b | $1.6b | $863.5m | $1.2b | $1.2b | — | |
| Gains on sales of loans held for sale | — | — | ($8.7m) | ($12.4m) | ($120.1m) | ($72.1m) | $2.7m | ($3.5m) | ($24.9m) | ($21.5m) | — | |
| Increase in cash surrender value of BOLI | — | — | ($5.6m) | ($5.6m) | ($10.2m) | ($18.2m) | ($23.1m) | ($25.1m) | ($27.6m) | ($35.9m) | — | |
| Prepaid assets | ($804k) | $6k | $2.0m | ($2.4m) | ($8.9m) | ($1.2m) | ($3.1m) | $2.0m | ($8.3m) | $6.8m | — | |
| Operating leases | — | — | — | $1.5m | $6.4m | $2.1m | $142k | $322k | $72k | $7.4m | — | |
| Bank owned life insurance | — | — | $583k | $1.1m | ($1.2m) | ($202k) | ($1.3m) | ($1.6m) | ($2.8m) | ($3.9m) | — | |
| Trading securities | — | — | — | — | ($10.7m) | ($35.2m) | $46.4m | ($57k) | $281.9m | $826.1m | — | |
| Derivative assets | — | — | ($5.2m) | ($10.4m) | $98.8m | $399.2m | $207.7m | $38.1m | $11.4m | ($54.7m) | — | |
| Derivative liabilities | — | — | $4.5m | $26.1m | ($113.8m) | ($394.7m) | $741.6m | ($229.7m) | $75.4m | ($332.8m) | — | |
| Proceeds from sales of investment securities available for sale | $137k | $374.9m | $73.1m | $242.7m | $100.8m | $151.3m | $482.0m | $129.6m | $1.9m | $2.9b | — | |
| Proceeds from maturities and calls of investment securities held to maturity | $3.2m | $3.6m | $2.5m | — | $2.5m | $105.0m | $230.0m | $190.8m | $228.5m | $202.5m | — | |
| Proceeds from maturities and calls of investment securities available for sale | $383.6m | $235.8m | $224.7m | $308.1m | $957.2m | $805.3m | $575.9m | $590.8m | $511.6m | $3.8b | — | |
| Proceeds from sales and redemptions of other investment securities | $71k | $15.3m | $15.9m | $45k | $71.8m | $1.5m | $13.2m | $214.4m | $144.9m | $45.4m | — | |
| Purchases of investment securities available for sale | ($385.8m) | ($241.3m) | ($191.3m) | ($955.5m) | ($1.3b) | ($2.9b) | ($1.4b) | ($80.4m) | ($96.8m) | ($6.9b) | — | |
| Purchases of other investment securities | ($660k) | ($4.6m) | ($18.5m) | ($23.6m) | ($85.5m) | ($1.7m) | ($20.4m) | ($226.7m) | ($140.1m) | ($117.4m) | — | |
| Net increase in loans | ($690.5m) | ($636.8m) | ($391.4m) | ($363.4m) | ($156.4m) | $745.1m | ($3.9b) | ($2.2b) | ($1.5b) | ($1.5b) | — | |
| Recoveries of loans previously charged off | $3.6m | $3.4m | $3.3m | $3.9m | $11.8m | $13.8m | $19.2m | $15.8m | $16.8m | $17.0m | — | |
| Purchase of bank owned life insurance | — | — | — | — | — | ($205.6m) | ($86.0m) | ($6.0m) | — | — | — | |
| Proceeds from redemption and payout of bank owned life insurance policies | — | — | — | — | $19.7m | $307k | $3.3m | $6.0m | $8.7m | $11.4m | — | |
| Proceeds from sale of bank properties held for sale and repossessed real estate | $23.6m | $18.8m | $13.9m | $8.4m | $19.2m | $42.7m | $20.7m | $11.6m | $14.6m | $589.6m | — | |
| Net increase in deposits | $234.0m | $226.0m | $114.8m | $530.2m | $2.9b | $4.4b | ($1.8b) | $699.8m | $1.0b | $1.9b | — | |
| Recognition of operating lease assets in exchange for lease liabilities | — | — | — | $10.2m | $9.4m | $9.6m | $12.6m | $1.2m | $11.1m | $439.6m | — | |
| Pooling of SBA loans held for sale into trading securities | — | — | — | — | — | — | — | — | $353.5m | $812.9m | — | |
| Fair value of tangible assets acquired | — | $4.9b | ($7.2m) | — | $18.8b | $34.8m | $3.5b | — | — | $16.6b | — | |
| Other intangible assets acquired | — | $44.3m | $3.3m | — | $140.9m | — | $20.8m | — | — | $414.6m | — | |
| Liabilities assumed | — | $4.5b | ($612k) | — | $17.3b | $2.3m | $3.2b | — | — | $15.7b | — | |
| Net identifiable assets acquired over liabilities assumed | — | $466.8m | ($3.3m) | — | $561.0m | $15.8m | $342.0m | — | — | $1.2b | — | |
| Real estate acquired in full or in partial settlement of loans | $14.0m | $11.6m | $13.4m | $8.7m | $4.7m | $3.6m | $2.0m | $3.8m | $5.7m | $32.8m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.