Q3 2025 SouthState Bank Corp Earnings Call Transcript
Key Points
- Earnings per share increased by 30% year-over-year, with a return on tangible equity of 20%.
- Loan production rose to nearly $3,400 million, with significant growth in Texas and Colorado.
- Credit metrics remain stable with non-accruals slightly down and charge-offs forecasted to be around 10 basis points for the year.
- The company is well-positioned to capitalize on market disruptions, with $90 billion in overlapping deposits in key regions.
- Strong capital position with CET 1 at 11.5% and tangible book value per share increasing by over $3 from the previous year-end.
- Charge-offs were 27 basis points for the quarter, primarily due to a large C&I credit issue.
- Cost of deposits increased by 7 basis points from the prior quarter, impacting overall cost of funds.
- Loan accretion is expected to decrease from $150 million to $125 million due to pulled-forward prepayments.
- The efficiency ratio, although improved, still indicates room for cost management improvements.
- The company faces challenges in managing deposit costs amidst a tough environment, with a deposit beta of 38% for the first 100 basis points of rate cuts.
Hello, and thank you for standing by. My name is Bella, and I will be your conference operator today. At this time, I would like to welcome everyone to South State Bank Corporation Q3 twenty twenty five Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session.
I would now like to turn the conference over to Will Matthews. You may begin.
Thank you. Good morning, and welcome to South State's third quarter twenty twenty five earnings call. This is Will Matthews, I'm here with John Corbett, Steve Young and Jeremy Lucas. As always, we'll make a few brief prepared remarks and then move into questions. I'll refer you to the earnings release and investor presentation under the Investor Relations tab of our website.
Before we begin our remarks, I want to remind you that comments we make may include forward looking statements within the meaning of the federal securities
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