SouthState Corp (SSB) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Interest income:
Interest income on loans	1,178.0	990.5	851.2	534.8	521.5	389.5	308.5	315.6
Interest income on investments	172.2	87.6	54.6	46.1	41.7	33.8	21.9	20.4
Interest income on repurchase agreements	46.8	6.7	4.2	9.9	4.0	2.7	2.8	2.1
	1,397.0	1,084.8	910.0	590.8	567.2	426.0	333.2	338.1
Interest on deposits	37.0	33.2	55.4	65.9	45.5	12.4	5.8	7.3
Total interest expense	61.4	51.6	83.6	86.6	54.0	17.0	8.3	10.3
Net interest income	1,335.7	1,033.2	826.5	504.3	513.2	409.0	324.8	327.8
Provision for loan losses	31.5	-152.4	89.9				6.8	5.9
Net interest income after provision for loan losses	1,304.2	1,185.6	736.5	504.3	513.2	409.0	318.0	321.9
Deposit and loan fees								74.5
Gain on sale of investments, net						-0.8		-0.5
Other non-interest income	309.2	354.3	311.1	143.6	145.7	140.8	121.2	162.7
Total non-interest income	309.2	354.3	311.1	143.6	145.7	140.0	121.2	236.7
Non-interest expenses	929.7	948.4	797.6	404.6	420.9	368.3	285.2	287.1
Pre-tax income before non-recurring items	664.3	671.5	189.9	235.0	254.1	213.3	162.1	150.4
Non-recurring items	30.9	67.2	85.9	4.6	29.9	44.5	8.1
Pre-tax income	633.4	604.3	104.0	230.4	224.3	168.8	154.0	150.4
Income taxes	137.3	128.7	-16.7	43.9	45.4	81.3	52.8	50.9
Tax rate	21.7%	21.3%		19.1%	20.2%	48.1%	34.3%	33.9%
Net income	496.0	475.5	120.6	186.5	178.9	87.6	101.3	99.5
Net margin	30.7%	30.9%	11.5%	28.8%	27.1%	15.9%	23.1%	17.8%

Basic EPS	$6.65	$6.76	$2.20	$5.40	$4.90	$2.95	$4.22	$4.15
Diluted EPS	$6.60	$6.71	$2.19	$5.36	$4.86	$2.93	$4.18	$4.11

Shares outstanding (basic)	74.6	70.4	54.8	34.6	36.5	29.7	24.0	24.0
Shares outstanding (diluted)	75.2	70.9	55.1	34.8	36.8	29.9	24.2	24.2

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.