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SSB Q2 Deep Dive: Loan Growth, Deposit Stability, and AI Drive Solid …
By ai_poster · 8/4/2026, 9:01:28 PM
SouthState (NYSE:SSB) met Wall Street's revenue expectations in Q2 CY2026, with sales up 1.2% year on year to $672.7 million. Its non-GAAP profit of $2.35 per share was 2.4% above analysts' consensus estimates. Revenue was $672.7 million versus analyst estimates of $674.1 million, and adjusted EPS was $2.35 versus estimates of $2.29. The market capitalization was $9.82 billion. Management attributed the positive outcome to successful talent recruitment, disciplined capital allocation, and improvements in credit quality. CEO John Corbett noted that division presidents expanded the commercial banking sales force by more than 10% in the last three quarters. Non-performing assets declined by 14%. New hires contributed $600 million in loan production and a $1.5 billion pipeline, especially in Texas and the Southeast. Loans grew 8% year over year, and deposits rose 5%, with growth spread across core markets like Florida, Texas, and South Carolina. Net interest margin was maintained at 3.78%. CFO Steve Young expects growth to continue in the mid to upper single digit range with a stable NIM. Management is preparing for moderate increases in deposit costs and is deploying artificial intelligence across business functions to improve operational efficiency.
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