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Letter portraitLegal landscapeQuarterYTD

Southstate Bank, N.A.

Winter Haven, FL · Cert 33555 · Southstate Bank Corp.

National charter · OCC · 349 branches

Q2 2026

$68.8BAssets
$51.3BLoans
$56.4BDeposits
$9.7BEquity
Loan mix
83%RE $39.2B15%C&I $7.1B2%Consumer $0.9BQ2 2025Q2 2026
Deposit mix
76%Interest-bearing $42.9B24%Noninterest $13.5BQ2 2025Q2 2026

NIM

4.59%Q2 ’245.17%Q2 ’254.91%Q2 ’26+20%-6%

Non-interest income vs. expense

2.17%Q2 ’242.28%Q2 ’252.13%Q2 ’26+20%-14%

Market Position · Lakeland-Winter Haven, FL · 2026 SOD (annual) · 48.0% share · #1 of 16 inst. · $7.9B of $16.5B

48.0% Polk
2.8% Fulton
6.3% Collin
11.5% Charleston

Executive Summary

  • Earnings: ROA of 1.42%, up 1 bps year over year; NIM at 3.63%.
  • Asset quality: problem loans at 0.54% of loans (-9 bps YoY), with net charge-offs at 0.06%.
  • Capital: tier 1 leverage ratio of 10.28%, up 12 bps from a year ago.
  • Funding: loans stand at 90.91% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.42%+1 bps YoY

Net Interest Margin (quarter, annualized)

3.63%-23 bps YoY

Efficiency Ratio (quarter, annualized)

49.23%-177 bps YoY

Tier 1 Leverage Ratio

10.28%+12 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.41%1.61%1.57%1.41%1.42%+1 bps
Return on Equity9.90%11.20%10.87%9.90%10.07%+16 bps
Net Interest Margin3.86%3.96%3.74%3.59%3.63%-23 bps
Efficiency Ratio51.00%48.12%48.77%50.08%49.23%-177 bps
Non-Interest Burden1.75%1.63%1.52%1.52%1.50%-24 bps
Growth
Asset Growth (YoY)44.82%43.32%44.88%4.24%4.45%-4,037 bps
Loan Growth (YoY)42.75%41.91%43.18%5.73%7.70%-3,505 bps
Deposit Growth (YoY)45.71%43.53%44.67%4.63%4.02%-4,170 bps
Asset Quality
Nonperforming Loans / Loans0.63%0.63%0.62%0.61%0.54%-9 bps
Net Charge-Offs / Loans0.21%0.27%0.09%0.08%0.06%-14 bps
Allowance / Loans1.31%1.23%1.20%1.18%1.14%-16 bps
Allowance Coverage of NPLs2.1x2.0x1.9x1.9x2.1x+0.1x
Capital
Tier 1 Leverage Ratio10.16%10.28%10.22%10.27%10.28%+12 bps
Total Risk-Based Capital13.57%13.76%13.68%13.44%13.27%-30 bps
Equity / Assets14.25%14.52%14.39%14.13%14.10%-15 bps
Liquidity & Funding
Loans / Deposits87.80%88.61%88.63%89.10%90.91%+311 bps
Liquid Assets / Assets7.36%7.03%6.87%6.13%5.13%-223 bps
CRE / Total Capitaln/a413%412%417%n/an/a