SouthState (NYSE:SSB) missed Wall Street's revenue and profit estimates in the third quarter of 2026. Revenue fell 1.9% year on year to $685.4 million, against analyst estimates of $688.9 million. Adjusted earnings per share were $2.30, 4.2% below the $2.40 analysts expected. Tangible book value per share rose 6.8% year on year to $58.19, short of the $59.81 forecast. Net interest income was $591.5 million, in line with estimates. The net interest margin held at 3.8%. Chief executive officer John C. Corbett said loans and deposits each grew at a 9% annualised rate. He added that capital markets activity softened as treasury yields rose. The stock fell 2.8% to $99.90 after the report.

Cardinal Infrastructure Group's construction subsidiary, Cardinal Civil Contracting, has secured a $250 million delayed draw term loan facility and expanded its revolving credit line from $75 million to $100 million through a Second Amendment to its Credit Agreement with Truist Bank. The delayed draw facility can be accessed in up to five separate advances over 18 months from the 10 September 2026 effective date. The amendment requires the borrower to maintain a Consolidated Total Net Leverage Ratio of no greater than 1.60 to 1.0 and Consolidated EBITDA of at least $125 million for the twelve months ended 30 June 2026. The expanded credit capacity provides Cardinal Infrastructure significant liquidity for potential acquisitions, project investments, or operational needs. The lending syndicate includes Truist Bank, First Horizon Bank, KeyBank, Regions Bank, and other financial institutions.

Cari, the bank-governed digital money network, today announced it has raised $32.5 million in the first tranche of its initial external funding round, with t...