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1. It's like a regional Bank of America, offering a wide range of financial services for individuals and businesses across the Southeast.

2. Think of it as a full-service Wells Fargo, but with operations concentrated in the southeastern US.

3. It's like a smaller, regional version of Truist Financial, providing comprehensive banking and financial services across the Southeast.

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• Deposit Accounts: SouthState Bank provides various accounts for individuals and companies to store funds, including checking, savings, certificates of deposit, and money market accounts.
• Lending Services: The bank offers a comprehensive suite of loans, such as commercial and residential real estate loans, commercial and industrial loans, consumer loans (auto, boat, personal), credit cards, home equity lines of credit, and letters of credit.
• Payment & Treasury Management Services: Businesses can utilize services like debit cards, mobile and funds transfer products, merchant services, automated clearing house (ACH), lock-box, and remote deposit capture for efficient cash management.
• Investment & Wealth Management Services: SouthState Bank provides brokerage services, alternative investment products (annuities, mutual funds), and trust and asset management services to help customers grow and manage their wealth.
• General Banking Services: Supplementary banking services include safe deposit boxes, bank money orders, and wire transfers for convenience and security.

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SouthState Bank serves the following major categories of customers:

1. Individual Customers (Retail Banking): This category includes consumers who utilize services such as checking and savings accounts, interest-bearing transaction accounts, certificates of deposit, money market accounts, residential real estate loans (mortgages), consumer loans (auto, boat, personal installment loans), debit cards, credit cards, home equity lines of credit, safe deposit boxes, bank money orders, and wire transfer services.
2. Commercial and Business Clients: This segment comprises businesses, ranging from small enterprises to larger corporations, that leverage commercial real estate loans, commercial and industrial loans, various deposit accounts, and treasury management services. These treasury services include merchant services, automated clearing house (ACH), lock-box services, and remote deposit capture.
3. Wealth Management and Trust Clients: These clients, often individuals with higher net worth or institutions, benefit from specialized services such as brokerage services, alternative investment products (annuities, mutual funds), and comprehensive trust and asset management services.

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John C. Corbett, Chief Executive Officer & Director

John C. Corbett was appointed Chief Executive Officer of SouthState Corporation in June 2020, following the CenterState Merger. He previously served as President and CEO of CenterState Bank since July 2015, and was its Executive Vice President from 2007 to 2015. He also held the roles of CEO and Director of CenterState Bank, N.A. from 2003 to June 2020, and Executive Vice President and Chief Credit Officer from 2000 to 2003. Mr. Corbett is recognized as a founding leader of CenterState. Before joining CenterState in 1999, he was Vice President of Commercial Banking at First Union National Bank in Florida from 1990 to 1999.

William E. Matthews V, Senior Executive Vice President & Chief Financial Officer

William E. Matthews V serves as Senior Executive Vice President and Chief Financial Officer for SouthState Bank Corporation and SouthState Bank. Prior to the merger with SouthState, he was Chief Financial Officer of both CenterState Bank Corporation and its bank subsidiary. Previously, Mr. Matthews served as President and Chief Financial Officer of National Commerce Corporation (NCOM) and its subsidiary, National Bank of Commerce (NBC). While at NCOM, he also held positions as Vice Chairman, Executive Vice President, and Director of both NCOM and NBC. His career additionally includes serving as Executive Vice President and Chief Financial Officer of Alabama National BanCorporation and as a Partner at New Capital Partners. He was also Chief Financial Officer at RBC Bank (USA).

Richard Murray IV, President, SouthState Bank Corporation

Richard Murray IV serves as President of SouthState Bank Corporation, where he is responsible for managing regional leadership, including the Consumer and Commercial Bank and Credit Administration. He previously served as Chief Executive Officer of CenterState Bank and a Director of both CenterState Bank Corporation and its bank subsidiary. Prior to joining CenterState, Mr. Murray served as the Chairman, Chief Executive Officer, and President of National Commerce Corporation ("NCOM"). He also held the roles of President and Chief Operating Officer of National Bank of Commerce ("NBC"), NCOM's bank subsidiary. From 2000 until its acquisition in 2008, he was President and Chief Operating Officer of Alabama National Bancorporation, and subsequently served as Regional President (Alabama and Florida) of RBC Bank (USA) from February 2008 to July 2009. Mr. Murray began his career at SouthTrust Bank in 1984.

Renee R. Brooks, Chief Operating Officer

Renee R. Brooks serves as Chief Operating Officer for SouthState Bank. She possesses over 30 years of experience in the banking sector, with 28 of those years at SouthState Bank. Since joining the bank in 1996, Ms. Brooks has held various roles, including Commercial Banking Manager, Head of Retail Banking, Corporate Secretary, Chief Risk Officer, and Chief Administrative Officer. Her current responsibilities encompass IT, Operations, Enterprise Project Management, Service Delivery/Customer Care, Corporate Services, Marketing and Communications, and Digital Strategy.

Stephen D. Young, Chief Strategy Officer

Stephen D. Young serves as Chief Strategy Officer for SouthState Bank Corporation. His responsibilities include oversight of Strategic Planning, Correspondent Banking, Residential Mortgage, Wealth Management, Human Resources, and Balance Sheet Management. He also chairs the company's ALCO Committee and assists with mergers and acquisitions. Before the merger with SouthState, Mr. Young served as Executive Vice President and Chief Operating Officer of CenterState Bank Corporation and its bank subsidiary. He joined CenterState in 2002 as Senior Vice President and Treasurer of CenterState Holding Company and also served as Executive Vice President and Chief Financial Officer of CenterState Bank of Florida, N.A. Prior to CenterState, he was a senior auditor at Deloitte & Touche LLP.

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The key risks to SouthState Bank (SSB) are primarily concentrated in its exposure to commercial real estate, the impact of interest rate fluctuations on net interest income, and intense competition demanding significant technological investment.

Commercial Real Estate (CRE) Exposure

SouthState Bank has a significant concentration in commercial real estate (CRE) loans, which constituted 58% of its loan portfolio as of December 31, 2025. Regional banks, in general, hold a substantial portion of the nation's CRE debt, and this sector faces potential challenges. A downturn in the real estate market, particularly with a large percentage of CRE loans maturing between 2023 and 2025 and ongoing lower property values and weaker demand for office spaces, could lead to increased defaults and adversely affect the bank's loan portfolio and overall financial health.

Interest Rate Risk and Net Interest Income (NII) Pressure

The bank is exposed to changes in interest rates, which can significantly impact its net interest income (NII) and the value of its loan portfolio. Elevated interest rates have increased deposit costs for regional banks, squeezing profit margins. If interest rates remain high for an extended period, SouthState Bank, like other regional institutions, could experience declines in NII due to higher funding costs or shifts in deposit mix and pricing, necessitating careful management of its interest-earning assets and interest-bearing liabilities.

Intense Competition and Technological Investment

SouthState Bank operates in a highly competitive banking landscape, facing strong competition from larger national banks, other regional institutions, and agile fintech companies. To maintain and expand its market share, the bank must continuously invest in technology to enhance its digital banking offerings and bridge any digital infrastructure gap compared to its larger competitors. This ongoing need for substantial technology expenditures to keep pace with evolving customer expectations and competitor advancements can put pressure on profitability and operational efficiency.

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Digital-first challenger banks and online-only financial institutions operating with significantly lower overhead due to a lack of physical branches. These entities attract customers by offering competitive interest rates on deposits, lower fees, and highly streamlined, user-friendly mobile and online banking experiences. This directly threatens SouthState Bank's ability to acquire and retain customers for core deposit products (checking, savings, money market accounts) and consumer loans, especially among digitally native populations who value convenience and cost-effectiveness over branch access.

The expansion of Big Tech and large FinTech platforms into traditional banking services. Companies such as Apple, Google, PayPal, and Block (Square) are leveraging their vast customer bases and technological ecosystems to offer financial products including payment processing, digital wallets, credit cards, and small business lending. By embedding financial services directly into their existing platforms, they can disintermediate traditional banks from direct customer relationships, payment flows, and data. This poses a threat to SouthState Bank's revenue streams from debit card usage, funds transfers, and treasury management services (e.g., merchant services, ACH, remote deposit capture).

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SouthState Bank (SSB) offers a range of banking services and products. The addressable market sizes for its main products and services, primarily within the U.S. region where the bank operates, are outlined below:

• Residential Real Estate Loans: The total outstanding mortgage debt in the U.S., including home equity loans, was approximately $13.07 trillion, with an additional $422 billion in home equity lines of credit (HELOCs) in 2025.
  Region: U.S.
• Commercial Real Estate Loans: Commercial real estate (CRE) loans totaling $1.8 trillion are projected to mature by 2026 in the U.S., representing a significant addressable market for refinancing and new lending.
  Region: U.S.
• Commercial and Industrial (C&I) Loans: Commercial and industrial loans from all commercial banks in the U.S. reached a current level of $2.818 trillion as of March 4, 2026.
  Region: U.S.
• Consumer Loans (excluding credit cards): The total consumer loan market (excluding credit cards) held by the banking industry in the U.S. was nearly $2 trillion as of June 30, 2025. Auto loans alone constituted $1.633 trillion of this in February 2024.
  Region: U.S.
• Credit Cards: The total outstanding balances on credit cards in the U.S. amounted to $1.12 trillion in the first quarter of 2024. Notably, the Southern region held over 65% of the U.S. credit card market share in 2024.
  Region: U.S. (with significant concentration in the South)
• Wealth Management and Investment Services: The global wealth management market size was valued at $703.38 billion in 2021 and is forecasted to reach $1,062.75 billion by 2029. North America dominated the global market in 2020.
  Region: Global (North America is a dominant segment)
• Deposits (Checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposits, money market accounts, and other time deposits): null
• Other Services (Debit card, mobile and funds transfer products, treasury management services, safe deposit boxes, bank money orders, wire transfer): null

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Expected Drivers of Future Revenue Growth for SouthState Bank (SSB)

Over the next two to three years, SouthState Bank (SSB) is anticipated to drive revenue growth through several key strategies:

1. Organic Loan Growth in Expanded and High-Growth Markets: SouthState Bank expects to achieve mid- to upper-single-digit loan growth, particularly by accelerating commercial real estate lending and business development in its expanded markets of Texas and Colorado. These newer markets are benefiting from enhanced platforms and new product offerings. The bank reported 8% annualized loan and deposit growth in the fourth quarter of 2025.
2. Strategic Investment in Talent and Commercial Banking Teams: The company plans to significantly increase its commercial banker workforce, targeting a 10-15% rise, and to strategically add talent in capital markets and specialized areas such as SBA securitizations and foreign exchange. SouthState's addition of 32 seasoned producers in Q1 2026 is intended to expand market share, deepen client relationships, and enhance execution capabilities in commercial, mortgage, and wealth management sectors, capitalizing on opportunities in high-growth regions.
3. Expansion of Non-Interest Income Streams: SouthState Bank aims to grow revenue from non-interest income sources, including wealth management, treasury management, and capital markets. Wealth management notably achieved a record year in 2024, with revenue increasing 15% over the previous year.
4. Operational Efficiencies and Technology Platform Enhancements: The bank is focused on leveraging successful integrations of recent acquisitions and ongoing investments in digital platforms and technology. These initiatives are expected to drive operational efficiencies, as evidenced by a significantly improved efficiency ratio, and support stable to improving net interest margins.

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Share Repurchases

• SouthState Corporation's Board approved a new stock repurchase plan on January 22, 2026, authorizing the repurchase of up to 5,560,000 common shares, which replaced a previous program with 560,000 shares remaining and is active through December 31, 2027.
• In Q4 2025 (ending December 31, 2025), SouthState repurchased 2 million shares. From October 1, 2025, to January 21, 2026, the company repurchased 2,000,000 shares for US$186.8 million.
• Under the stock repurchase program authorized on February 12, 2025, which was approved by the Federal Reserve Board and allowed for the repurchase of up to 3 million shares (approximately 3% of outstanding shares as of January 2, 2025), a total of 2,440,000 shares were repurchased for US$229.59 million.

Share Issuance

• On January 1, 2025, SouthState completed the all-stock acquisition of Independent Bank Group, Inc., valued at approximately $2 billion. Shareholders of Independent Bank Group received 0.60 shares of SouthState common stock for each share they held.
• SouthState Bank's shares outstanding for the quarter ending December 31, 2025, were 0.101 billion, representing a 31.08% increase year-over-year, largely due to the Independent Bank Group acquisition.

Outbound Investments

• On January 1, 2025, SouthState Corporation finalized its acquisition of Independent Bank Group, Inc. for approximately $2 billion in an all-stock transaction. This strategic investment expanded SouthState's presence into Texas and Colorado.

Capital Expenditures

• In Q4 2025, SouthState Bank invested $16.6 million in capital expenditures.
• For the last 12 months (likely ending late 2025/early 2026), capital expenditures totaled -$70.26 million.
• The company focuses capital expenditures on investments in advanced technology, digital solutions, and enhancing operational efficiency. SouthState also provides financing for capital purchases for businesses, including property, new equipment, and additional building space.