SSB - SouthState Corporation (SSB) Q4 2023 Earnings Call Transcript
2024-01-26 10:05:02 ET
SouthState Corporation (SSB)
Q4 2023 Earnings Conference Call
January 26, 2024 09:00 AM ET
Company Participants
Will Matthews - Chief Financial Officer
John Corbett - Chief Executive Officer
Steven Young - Chief Strategy Officer
Conference Call Participants
Catherine Mealor - KBW
Stephen Scouten - Piper Sandler
Michael Rose - Raymond James
Brandon King - Truist Securities
Samuel Varga - UBS
Russell Gunther - Stephens
Gary Tenner - D.A. Davidson
Presentation
Operator
Hello, and welcome to the SouthState Corporation Q4 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. [Operator Instructions]
I will now turn the conference over to Will Matthews. Please go ahead.
Will Matthews
Good morning, and welcome to SouthState's fourth quarter 2023 earnings call. This is Will Matthews, I'm here with John Corbett, Steve Young, and Jeremy Lucas. John and I will provide some brief prepared remarks and then we'll open it up for questions. As always, a copy of our earnings release and presentation slides are on our Investor Relations website.
Before we begin our remarks, I want to remind you that comments we make may include forward-looking statements within the meaning of the federal securities laws and regulations. Any such forward-looking statements we may make are subject to the safe-harbor rules. Please review the forward-looking disclaimer and safe-harbor language in the press release and presentation for more information about our forward-looking statements and risks and uncertainties, which may affect us.
Now I'll turn the call over to John Corbett, our CEO.
John Corbett
Thanks, Will. Good morning, everybody. Thank you for joining us. You can see in the earnings release that SouthState delivered a solid quarter that was consistent with our guidance. High level, it was another quarter of steady, loan and customer deposit growth with mid-single-digit growth in both. NIM did the couple basis points, but is leveling off and capital ratios are growing nicely.
The end of the year is always a time for reflection. As we look back on 2023 and specifically the turmoil last spring, it was a period that demonstrated the resilience of SouthState, particularly the resilience of our granular deposit franchise, the resilience of our asset quality and the resilience of the high-growth markets where we operate....
SouthState Corporation (SSB) Q4 2023 Earnings Call Transcript