SouthState Bank: ahead of almost everyone like it.
- Industry
- State Commercial Banks
- Ticker
- SSB (NYSE)
- Sources
- SEC filings (1995–2026), Stratrix's verified Decision Cases, market data and official economic statistics
- Data as of
- November 15, 2026
- Ahead of almost everyone like it. From 2016 to 2025, its revenue grew 501% in US dollars; the median among 311 large financial companies grew 81%. It outgrew 94% of them.
- Leaders came and went. SouthState Bank filed 29 leadership changes since 2016, more than 85% of large financial companies (the median is 15). The day after each, its shares moved a median 0.4 points against its sector. The news was rarely news.
- Profitable every year. SouthState Bank made money in each of its last ten fiscal years, from $0.1 billion (2017) to $0.8 billion (2025).
Financial results
| Fiscal year | Revenue | Net income |
|---|
As reported in its annual filings. Losses in red.
Has SouthState Bank had layoffs?
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | 4,986 full-time employees | As of December 31, 2024 |
| 10-K for 2025 | 6,190 full-time employees | December 31, 2025 |
Job cuts, severance and restructuring
Company recorded severance related payments tied to restructuring costs, within a decrease in merger, branch consolidation and severance related expense.
“These decreases were offset by severance related payments totaling $8.0 million related to restructuring costs recorded in 2023.” 10-K for 2023
Merger, branch consolidation and severance related expense fell from 2022 to 2023, driven mainly by lower merger expenses tied to the Atlantic Capital and CenterState mergers and lower branch consolidation expense.
“Merger, branch consolidation and severance related expense decreased $17.7 million, or 57.4% in 2023 compared to 2022.” 10-K for 2023
The company reported merger, branch consolidation and severance related expense of $20.1 million for 2024, up $7.0 million from 2023, with the increase mainly tied to cybersecurity incident costs and merger costs rather than severance.
“Merger, branch consolidation and severance related expense increased $7.0 million, or 53.0% in 2024 compared to 2023.” 10-K for 2024
The company recorded a large increase in merger, branch consolidation, severance-related and other expense in 2025, mostly tied to the Independent acquisition.
“Merger, branch consolidation, severance-related, and other expense increased by $97.6 million, or 485.0%, in 2025 compared to 2024.” 10-K for 2025
The company reported acquisition costs for the Independent acquisition, recorded in the merger, branch consolidation, severance-related and other expense line.
“During the years ended December 31, 2025 and 2024, the Company incurred approximately $ 119.8 million and $ 8.0 million, respectively, of acquisition costs related to the Independent acquisition.” 10-K for 2025
SouthState Bank has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
What has SouthState Bank acquired?
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Atlantic Capital Bancshares, Inc.“On March 1, 2022, the Company acquired all of the outstanding common stock of Atlantic Capital Bancshares, Inc., a Georgia corporation (“Atlantic Capital” or “ACBI”), in a stock transaction.” 10-K for 2023 | acquisition | On March 1, 2022 | — |
CBI Holding Company, LLC and CBI Real Estate Holding, LLC“CBI Holding Company, LLC, Corporate Billing’s previous holding company, and its subsidiary, CBI Real Estate Holding, LLC, were merged into Corporate Billing effective November 30, 2023.” 10-K for 2023 | merger | effective November 30, 2023 | — |
over 170 bank branch properties owned and operated by the Bank in Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia“The Bank entered into an agreement with entities affiliated Blue Owl Real Estate Capital LLC (collectively, “Blue Owl”) to sell over 170 bank branch properties owned and operated by the Bank in Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia (the “Branches”) and lease those branches from Blue Owl back to the Bank.” 10-K for 2024 | agreed divestiture | — | — |
IBTX (Independent Bank Group, Inc.)“Furthermore, while the IBTX Merger closed January 1, 2025, there is no assurance that the businesses of the Company and IBTX can be integrated successfully.” 10-K for 2024 | merger | January 1, 2025 | — |
Independent Bank Group, Inc. (“Independent”), a Texas corporation“On January 1, 2025, the Company acquired all of the outstanding common stock of Independent Bank Group, Inc. (“Independent”), a Texas corporation, in a stock transaction.” 10-K for 2024 | acquisition | January 1, 2025 | — |
Independent Bank Group, Inc.“On January 1, 2025, the Company acquired all of the outstanding common stock of Independent, a Texas corporation, in a stock transaction.” 10-K for 2025 | acquisition | January 1, 2025 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) |
|---|---|
| 2021-12-31 | $39.9 million |
| 2022-12-31 | −$250.1 million |
Deal filings since 2016
- 2025-09-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-09-04 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2025-08-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-06-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-03-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-01-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-01-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-01-02 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2024-05-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-03-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-03-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-11-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-07-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-11-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-06-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-06-08 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2020-06-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-01-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-11-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-11-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-12-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-11-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-05-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-01-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-01-04 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2016-11-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-06-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
What are SouthState Bank's subsidiaries?
Subsidiaries it lists
| Subsidiary | Jurisdiction |
|---|---|
| SouthState Bank, National Association | organized under the laws of the United States |
| SSB Insurance Corp. | — |
| SCBT Capital Trust I | — |
| SCBT Capital Trust II | — |
| SCBT Capital Trust III | — |
| TSB Statutory Trust I | — |
| SAVB Capital Trust I | — |
| SAVB Capital Trust II | — |
| Southeastern Bank Financial Statutory Trust I | — |
| Southeastern Bank Financial Statutory Trust II | — |
| Community Capital Statutory Trust I | — |
| CSBC Statutory Trust I | — |
| FCRV Statutory Trust I | — |
| Provident Community Bancshares Capital Trust I | — |
| Provident Community Bancshares Capital Trust II | — |
| IB Trust I | — |
| IB Trust II | — |
| IB Trust III | — |
| IB Center Trust I | — |
| NorthStar Statutory Trust II | — |
| NorthStar Statutory Trust III | — |
| Community Group Statutory Trust I | — |
| Cenbank Statutory Trust III | — |
| Guaranty Captial Trust III | — |
From Exhibit 21 of the 10-K for 2025. Companies must list their significant subsidiaries there and may leave out smaller ones, so this is the company’s own list, not every entity it owns.
Layoffs, acquisitions, competitors and subsidiaries are read from SouthState Bank’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023), as of 2026-02-20.
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 59 decision filings since 2016, each linked to the SEC, with the share return against its sector and the US market the next day and the next year (36 with market data).
- Peer comparison: against 505 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
The full data sheet downloads with the Data Plan. To see exactly what you get first, open the Boeing sample PDF or Excel.
Tools to try
- Ansoff move finderFramework: Ansoff Matrix
- Business model canvas builderFramework: Business Model Canvas
- Change readiness checkFramework: Kotter's 8-Step Change Model
- Five Forces scorerFramework: Porter's Five Forces
- SMART goal builderFramework: SMART Goals
- SWOT builderFramework: SWOT Analysis
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