Earnings Call Summary | SouthState(SSB.US) Q1 2024 Earnings Conference
Earnings Call Summary | SouthState(SSB.US) Q1 2024 Earnings Conference
The following is a summary of the SouthState Corporation (SSB) Q1 2024 Earnings Call Transcript:
以下是南州公司（SSB）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
SouthState Corporation reported modest growth in loans and deposits for Q1 2024.
The corporation's net interest margin ended lower, but is expected to stabilize.
Their loan portfolio quality improved, with declines in past dues, non-accruals and charge-offs.
CET1 capital ratios were on the higher end of the peer group and improved quarterly year-over-year.
Total revenue met expectations with net interest income at 3.41% and non-interest income at 64 basis points.
Deposit costs grew by 14 basis points, a slower growth than the previous quarter.
Predicted rate cuts in 2024 have decreased from four to two.
南州公司報告稱，2024年第一季度貸款和存款略有增長。
該公司的淨利率收盤走低，但預計將趨於穩定。
他們的貸款組合質量有所改善，過去的會費、非應計額和扣除額都有所下降。
CET1的資本比率在同行群體中處於較高水平，並且逐季度同比有所改善。
總收入符合預期，淨利息收入爲3.41％，非利息收入爲64個點子。
存款成本增長了14個點子，增速低於上一季度。
預計的2024年降息已從四次減少到兩次。
Business Progress:
業務進展：
Commercial loan pipelines experienced a drop but have returned to pre-turmoil levels.
Noteworthy growth observed in the C&I portfolio while commercial real estate activity slowed.
Net migration benefited the South region disproportionately, increasing commercial real estate rental rates.
Fee income raised due to improvements in mortgage and contributions from the wealth division.
The expansion of the correspondent division included a team specializing in SBA loans.
Possessing high levels of capital and reserves, the company is prepared to navigate anticipated economic fluctuations.
The company plans to maintain liability-sensitive practices and achieve a balance in loan yield and deposit costs to stabilize the net interest margin.
The projected loan growth for the full year is around mid-single digits percent and deposit growth of 2%-3%.
SouthState Corporation will expand their SBA team in Houston with significant impact expected in 2025.
商業貸款渠道有所下降，但已恢復到動盪前的水平。
在商業房地產活動放緩的同時，C&I投資組合出現了顯著的增長。
淨移民使南部地區受益不成比例，提高了商業地產的租金率。
由於抵押貸款的改善和財富部門的繳款，費用收入有所增加。
代理部門的擴張包括一個專門從事小企業管理局貸款的團隊。
該公司擁有高水平的資本和儲備，已準備好應對預期的經濟波動。
該公司計劃維持對負債敏感的做法，實現貸款收益率和存款成本的平衡，以穩定淨利率。
預計全年貸款增長約爲個位數百分比，存款增長2％-3％。
SouthState Corporation將擴大其在休斯敦的小企業管理局團隊，預計將在2025年產生重大影響。
More details: SouthState IR
更多詳情： 南州紅外線
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。