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AI brief of an SEC Form 8-K · South State Bank (SSB)

SouthState Q1 GAAP EPS $0.87 vs $1.87 in Q4; adjusted EPS $2.15 vs $1.93

Mixed Impact 4 of 5 earnings Written later

SouthState reported first-quarter 2025 GAAP diluted EPS of $0.87, down from $1.87 in the fourth quarter of 2024, while adjusted diluted EPS (non-GAAP) rose to $2.15 from $1.93. The results reflect the Independent Bank Group acquisition, which closed in January, a $229 million securities restructuring loss offset by a $229 million sale leaseback gain, and $68.0 million in merger and restructuring expense.

Key points

  • GAAP diluted EPS $0.87 vs $1.87 in Q4 2024; net income $89.1 million vs $144.2 million
  • Adjusted diluted EPS (non-GAAP) $2.15 vs $1.93 in Q4 2024; net interest margin 3.84%
  • Securities portfolio restructuring net loss of $229 million offset by $229 million sale leaseback gain
  • Board declared $0.54 quarterly dividend, payable May 16, 2025 to holders of record May 9, 2025

The filing

CompanySouth State Bank (SSB)
Form8-K, current report
Filed with the SECApr 24, 2025, 4:06 PM ET
Accession number0001558370-25-005410

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 24, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.