SouthState Bank Corporation Raises Quarterly Dividend 10%

SouthState Bank Corporation (NYSE: SSB) increased its quarterly dividend to $0.66 per share from $0.60, a 10% raise. The stock’s ex-dividend date was Aug. 7, 2026.

The increase lifts the bank’s annualized dividend to $2.64 per share. Based on the reference share price of $106.86, that equates to a forward annual yield of 2.47%.

The action extends SouthState’s record of consecutive annual dividend growth to 14 years. The company has not previously recorded a dividend cut in the supplied history, while its dividend-safety assessment stands at 99 out of 100, carrying an A grade.

Business and earnings context

SouthState is a financial-services company headquartered in Winter Haven, Florida. Its nationally chartered banking subsidiary offers consumer and commercial banking, mortgages and wealth-management services across Florida, Texas, the Carolinas, Georgia, Colorado, Alabama, Virginia and Tennessee. It also operates a nationwide correspondent-banking business, according to the company’s investor-relations profile.

The dividend increase accompanied SouthState’s second-quarter results. Management cited loan growth, a stable net interest margin, unchanged deposit costs and improved efficiency during the period. Chief Executive John Corbett also said asset-quality trends improved and identified balance-sheet growth, selective hiring, share repurchases and artificial-intelligence capabilities among the company’s priorities. SouthState’s earnings release also reported that the company remained above applicable regulatory capital requirements.

SouthState’s recent expansion includes its acquisition of Independent Bank Group, which closed in 2025 and extended the bank’s presence into Texas and Colorado. The company subsequently completed the conversion of Independent’s systems onto SouthState’s platform, according to its 2026 proxy statement.

What it means for income investors

For shareholders, the new rate raises expected annual cash income to $2.64 per share if the quarterly dividend remains unchanged. The 2.47% forward yield describes income relative to the supplied $106.86 share price; the realized yield will vary as the stock price changes. As with any bank dividend, future payments remain subject to board approval and the company’s earnings, capital position and regulatory constraints.