SouthState Bank Corporation

NYSE:SSB Stock Report

Market Cap: US$9.1b

SouthState Bank Future Growth

Future criteria checks 0/6

SouthState Bank is forecast to grow earnings and revenue by 3.3% and 5% per annum respectively. EPS is expected to grow by 6.4% per annum. Return on equity is forecast to be 10.3% in 3 years.

Key information

3.3%

Earnings growth rate

6.44%

EPS growth rate

Banks earnings growth8.2%
Revenue growth rate5.0%
Future return on equity10.25%
Analyst coverage

Good

Last updated28 May 2026

Recent future growth updates

Recent updates

Narrative Update • Mar 26

SSB: Strong Capital And Buybacks Should Support Future Premium Earnings

The updated analyst price target for SouthState Bank has been revised slightly lower to about $118.85 from $120, as analysts balance earlier target increases with a recent reduction that reflects adjusted valuation assumptions rather than major changes to the underlying outlook. Analyst Commentary Recent research on SouthState Bank reflects a mix of optimism around profitability and capital strength alongside some more cautious tweaks to targets as earnings season approaches.
Seeking Alpha • Mar 21

SouthState Bank: A Premium Sunbelt Franchise, But Macro Risks Keep Us On The Sidelines

Summary SouthState Bank Corporation earns a hold rating due to strong returns but macroeconomic headwinds and limited upside. SSB demonstrates robust ROTCE, NII growth, and sound capital ratios, yet faces mixed credit quality after a notable commercial loan loss. Valuation shows SSB trading at a slight premium to justified P/TBV but a discount on P/E, with fair value implying only 8% upside. Geopolitical risks, yield curve uncertainty, and stagflation concerns make this an inopportune time to initiate new SSB positions. Read the full article on Seeking Alpha
Narrative Update • Mar 09

SSB: Strong Capital And Buybacks Will Support Future Earnings Premium

SouthState Bank's analyst price targets have edged higher by a few dollars, with analysts pointing to steady revenue and margin assumptions, along with a slightly lower future P/E outlook, as reasons to refine their valuation views. Analyst Commentary Recent research updates show a cluster of price target moves around SouthState Bank, with most analysts fine tuning their models rather than making wholesale changes to their views.
Narrative Update • Feb 21

SSB: Strong Capital And Buybacks Will Support Earnings Durability

Analysts have slightly raised their average price targets on SouthState Bank by single-digit dollar amounts. These updates reflect views that solid profitability, strong capital, and relatively clean credit metrics are key supports for the stock.
Narrative Update • Feb 07

SSB: Strong Capital And Share Repurchases Are Expected To Support Returns

Analysts have lifted their fair value estimate for SouthState Bank to $120.00 from $114.68, citing a slightly higher assumed P/E multiple and updated expectations for revenue growth and profitability. Analyst Commentary Recent Street research on SouthState Bank has centered on where the stock should trade relative to its peers, with several firms adjusting price targets in both directions.
Narrative Update • Jan 23

SSB: Strong Capital And Loan Pipeline Will Support Earnings As Buybacks Continue

Analysts have trimmed their fair value estimate for SouthState Bank slightly to about $114.68 from $114.96. This reflects modest tweaks to assumptions on revenue growth, profit margins, and future P/E, while recent research still cites solid profitability, strong loan production, and supportive capital levels.
Narrative Update • Jan 08

SSB: Strong Capital And Loan Pipeline Will Support Earnings Despite Margin Concerns

Analysts have nudged their fair value estimate for SouthState Bank slightly higher to about $115, reflecting updated assumptions around revenue growth, profit margins, and future P/E. Recent Street price targets clustered around $110 to $120 highlight mixed views on near term margin pressures versus ongoing loan growth and capital strength.
Narrative Update • Dec 15

SSB: Growing Loan Pipeline Will Sustain Earnings Momentum Despite Margin Headwinds

Analysts have nudged their consolidated fair value estimate for SouthState Bank slightly higher to approximately $114.11 from about $114.04, as modestly stronger projected revenue growth, stable profit margins, and resilient loan production continue to support longer term earnings power, despite a series of modest price target trims on near term net interest margin pressures. Analyst Commentary Bullish analysts note that, despite modest price target trims, the investment case for SouthState Bank remains supported by solid execution, particularly in loan production, fee income, and disciplined expense control, which together underpin the slightly higher fair value estimate.
Narrative Update • Nov 28

SSB: Pipeline Expansion Will Sustain Positive Momentum Despite Margin Pressure

Analysts have slightly lowered their average price target for SouthState Bank, with estimates now ranging from $110 to $120 per share. This revision is due to a tempered margin outlook, although the company continues to demonstrate strong loan growth and robust financial performance.
Narrative Update • Nov 14

SSB: Franchise Momentum And Loan Pipeline Will Drive Upside Despite Margin Concerns

SouthState Bank's analyst price target has been modestly reduced by $1.00 to $114.04, as analysts cite tempered margin outlooks and near-term net interest challenges. This comes despite continued franchise momentum and strong loan growth prospects.
Narrative Update • Oct 31

SSB: Accelerating Loan Pipelines And Lower Costs Will Drive Resilient Profitability

Analysts have revised their price targets for SouthState Bank downward by several dollars per share. This reflects slightly reduced fair value and revenue growth estimates, due to tempered net interest margin outlooks and evolving market expectations.
Narrative Update • Oct 10

Acquisition Integration And Sunbelt Expansion Will Strengthen Future Efficiency

Analysts have raised their price target for SouthState Bank by $1.42 to $118.35. This reflects modest expectations for higher revenue growth, even as profit margins remain steady.
Narrative Update • Sep 26

Acquisition Integration And Sunbelt Expansion Will Strengthen Future Efficiency

Analysts have marginally raised SouthState Bank’s price target to $116.92, citing cautious optimism about its strong capital position, anticipated commercial lending rebound, and a favorable growth profile versus peers. Analyst Commentary Cautious optimism around SouthState’s strong capital position and potential to benefit from a rebound in commercial lending during the second half of the year.
Analysis Article • Jul 28

SouthState's (NYSE:SSB) Dividend Will Be Increased To $0.60

SouthState Corporation's ( NYSE:SSB ) dividend will be increasing from last year's payment of the same period to $0.60...
Seeking Alpha • Mar 09

SouthState Ready For The Next Phase In Its Growth Story

Summary SouthState's acquisition of Independent Bank, strong service reputation, and solid execution in 2024 bode well for 2025, despite potential sector-wide loan growth and rate challenges. SouthState's solid performance in a challenging 2024 included stable net interest margins, peer-consistent expense leverage, above-average loan growth, and competitive deposit growth. Large banks are talking about growing their share in Southeast markets, but they lag SouthState in terms of customer satisfaction metrics, and a high-touch service model can drive further gains. Despite uncertainties in 2025, SouthState's quality service and proven growth strategy make it a worthwhile investment, with shares 20%-30% below fair value. Read the full article on Seeking Alpha
Seeking Alpha • Sep 27

SouthState Corporation: Strong Growth Prospects Can Power An Attractive Investment Case

Summary Shares of leading Southern bank SouthState Corporation have done well since funding cost headwinds began battering U.S. banks in early 2023. SouthState has an enviable deposit franchise, while its geographic footprint leaves it with attractive growth potential. As with most banks, net interest income has been subdued here recently, but the bank's headwinds are now largely behind it. Between margin expansion, organic growth, and the deal to acquire Texas-based Independent Bank Group, SouthState's growth prospects look strong. At just 12.5x consensus '25 EPS, that growth can filter down to shareholder returns, too. Read the full article on Seeking Alpha
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New Narrative • Aug 28

Strategic Expansions And Nimble Financial Management Poised To Propel Growth Amid Challenges

SouthState's anticipated net interest margin inflection and strategic market expansion indicate potential revenue and customer growth without specifying financial figures.
Seeking Alpha • Jun 28

SouthState Bank Keeping Its Foot Firmly On The Accelerator

Summary SouthState continues to aggressively pursue growth across the Southeastern U.S., and the acquisition of Independent Bank gives the company a foothold in the attractive Texas market. IBTX will give SouthState some attractive growth leverage, and long-term funding and margin improvement opportunities, but a retail and office-heavy portfolio is a near-term risk. I expected around 7% core earnings growth from SouthState before the deal, supporting a fair value in the low-$80's, and I think IBTX will be a value-adding deal over time. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:SSB - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20283,039N/AN/AN/A1
12/31/20272,926987N/AN/A11
12/31/20262,742925N/AN/A11
3/31/20262,677935653726N/A
12/31/20252,556799230301N/A
9/30/20252,325695356423N/A
6/30/20252,065592054N/A
3/31/20251,82950965108N/A
12/31/20241,702535476512N/A
9/30/20241,668497-152-117N/A
6/30/20241,630478541580N/A
3/31/20241,609469728765N/A
12/31/20231,625494508547N/A
9/30/20231,628531945975N/A
6/30/20231,6445401,1121,136N/A
3/31/20231,6275361,1911,212N/A
12/31/20221,5634961,7131,731N/A
9/30/20221,5104591,5471,564N/A
6/30/20221,4844491,1141,134N/A
3/31/20221,492429668695N/A
12/31/20211,553476387416N/A
9/30/20211,539455580609N/A
6/30/20211,508427690716N/A
3/31/20211,183243775795N/A
12/31/2020902121520537N/A
9/30/202071683392409N/A
6/30/202052140134151N/A
3/31/2020617166170185N/A
12/31/2019635186N/A181N/A
9/30/2019634186N/A188N/A
6/30/2019630182N/A224N/A
3/31/2019632181N/A215N/A
12/31/2018645179N/A284N/A
9/30/2018632132N/A274N/A
6/30/2018607120N/A283N/A
3/31/2018576112N/A262N/A
12/31/201753788N/A198N/A
9/30/2017505109N/A173N/A
6/30/2017488102N/A140N/A
3/31/201746995N/A132N/A
12/31/2016442101N/A138N/A
9/30/2016448103N/A150N/A
6/30/2016444100N/A188N/A
3/31/2016440100N/A217N/A
12/31/201543799N/A187N/A
9/30/201543395N/A174N/A
6/30/201542489N/A126N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SSB's forecast earnings growth (3.3% per year) is below the savings rate (3.5%).

Earnings vs Market: SSB's earnings (3.3% per year) are forecast to grow slower than the US market (17% per year).

High Growth Earnings: SSB's earnings are forecast to grow, but not significantly.

Revenue vs Market: SSB's revenue (5% per year) is forecast to grow slower than the US market (11.9% per year).

High Growth Revenue: SSB's revenue (5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SSB's Return on Equity is forecast to be low in 3 years time (10.3%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/02 04:58
End of Day Share Price 2026/06/02 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SouthState Bank Corporation is covered by 19 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jared David ShawBarclays
Christopher MarinacBrean Capital Historical (Janney Montgomery)
Benjamin GerlingerCitigroup Inc