13 Bank Stocks with Highest Dividends

9. SouthState Bank Corporation (NYSE:SSB)

Dividend Yield as of April 7: 2.55%

On April 1, JPMorgan lowered its price recommendation on SouthState Bank Corporation (NYSE:SSB) to $110 from $120. It reiterated an Overweight rating on the shares. The adjustment came ahead of Q1 results for small- and mid-cap banks. The firm reduced its year-end 2026 price targets for the group by about 10% on average. This reflected the ongoing Iran conflict and a backdrop where no rate cuts are currently priced in for this year based on the forward curve.

During the Q4 2025 earnings call, CEO and Director John Corbett said that, excluding merger-related costs, the company delivered strong performance in 2025. He stated that earnings per share increased by more than 30%, while tangible book value per share grew at a double-digit pace. He also noted that the company raised its dividend by 11% and continued with share repurchases. Loans and deposits, he added, grew by 8% during the quarter.

The company repurchased 2 million shares in Q4. Its Board also approved a new authorization to buy back an additional 5.56 million shares. Corbett explained that the bank was looking to take advantage of what it sees as a gap between its underlying performance and its market valuation. He indicated that the buybacks were meant to capitalize on that disconnect.

SouthState Bank Corporation (NYSE:SSB) operates as a financial services company through its nationally chartered subsidiary, SouthState Bank, N.A. The bank provides consumer, commercial, mortgage, and wealth management services across Florida, Texas, the Carolinas, Georgia, Colorado, Alabama, Virginia, and Tennessee.