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Capital Ratios

3 Months Ended

Mar. 31, 2026

Note 16 — Capital Ratios

The Company is subject to regulations with respect to certain risk-based capital ratios. These risk-based capital ratios measure the relationship of capital to a combination of balance sheet and off-balance sheet risks. The values of both balance sheet and off-balance sheet items are adjusted based on the rules to reflect categorical credit risk. In addition to the risk-based capital ratios, the regulatory agencies have also established a leverage ratio for assessing capital adequacy. The leverage ratio is equal to Tier 1 capital divided by total consolidated on-balance sheet assets (minus amounts deducted from Tier 1 capital). The leverage ratio does not involve assigning risk weights to assets.

Under current regulations, the Company and the Bank are subject to a minimum required ratio of common equity Tier 1 capital (“CET1”) to risk-weighted assets of 4.5% and a minimum required ratio of Tier 1 capital to risk-weighted assets of 6%. The minimum required leverage ratio is 4%. The minimum required total capital to risk-weighted assets ratio is 8%.

In order to avoid restrictions on capital distributions and discretionary bonus payments to executives, a covered banking organization is also required to maintain a “capital conservation buffer” in addition to its minimum risk-based capital requirements. This buffer is required to consist solely of CET1, and the buffer applies to all three risk-based measurements (CET1, Tier 1 capital and total capital). The capital conservation buffer consists of an additional amount of Tier 1 common equity equal to 2.5% of risk-weighted assets.

The Bank is also subject to the regulatory framework for prompt corrective action, which identifies five capital categories for insured depository institutions (well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized) and is based on specified thresholds for each of the three risk-based regulatory capital ratios (CET1, Tier 1 capital and total capital) and for the leverage ratio.

The following table presents actual and required capital ratios as of March 31, 2026, and December 31, 2025 for the Company and the Bank under the current capital rules. Capital levels required to be considered well capitalized are based upon prompt corrective action regulations.


										Required to be
					Minimum Capital					Considered Well
	Actual				Required – Basel III					Capitalized
(Dollars in thousands)	Amount		Ratio		Capital Amount			Ratio		Capital Amount			Ratio
March 31, 2026:
Common equity Tier 1 to risk-weighted assets:
Consolidated	$	5,993,557	11.27	%	$	3,722,768		7.00	%	$	3,456,856		6.50	%
SouthState Bank (the Bank)		6,553,175	12.33	%		3,721,167		7.00	%		3,455,369		6.50	%
Tier 1 capital to risk-weighted assets:
Consolidated		5,993,557	11.27	%		4,520,504		8.50	%		4,254,592		8.00	%
SouthState Bank (the Bank)		6,553,175	12.33	%		4,518,560		8.50	%		4,252,762		8.00	%
Total capital to risk-weighted assets:
Consolidated		7,279,005	13.69	%		5,584,152		10.50	%		5,318,240		10.00	%
SouthState Bank (the Bank)		7,143,023	13.44	%		5,581,750		10.50	%		5,315,953		10.00	%
Tier 1 capital to average assets (leverage ratio):
Consolidated		5,993,557	9.38	%		2,557,093		4.00	%		3,196,366		5.00	%
SouthState Bank (the Bank)		6,553,175	10.27	%		2,553,560		4.00	%		3,191,950		5.00	%
December 31, 2025:
Common equity Tier 1 to risk-weighted assets:
Consolidated	$	5,885,568	11.36	%	$	3,625,944		7.00	%	$	3,366,948		6.50	%
SouthState Bank (the Bank)		6,496,379	12.54	%		3,625,076		7.00	%		3,366,142		6.50	%
Tier 1 capital to risk-weighted assets:
Consolidated		5,885,568	11.36	%		4,402,932		8.50	%		4,143,936		8.00	%
SouthState Bank (the Bank)		6,496,379	12.54	%		4,401,878		8.50	%		4,142,944		8.00	%
Total capital to risk-weighted assets:
Consolidated		7,166,829	13.84	%		5,438,915		10.50	%		5,179,920		10.00	%
SouthState Bank (the Bank)		7,082,039	13.68	%		5,437,614		10.50	%		5,178,680		10.00	%
Tier 1 capital to average assets (leverage ratio):
Consolidated		5,885,568	9.26	%		2,543,294		4.00	%		3,179,117		5.00	%
SouthState Bank (the Bank)		6,496,379	10.22	%		2,542,489		4.00	%		3,178,111		5.00	%

As of March 31, 2026, and December 31, 2025, the capital ratios of the Company and the Bank were in excess of the minimum regulatory requirements and exceeded the thresholds for the “well capitalized” regulatory classification.

- Definition

The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union.

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