South State Corporation operates as the bank holding company for South State Bank that provides a range of retail and commercial banking services, mortgage lending services, trust and wealth management services, and consumer finance loans.
No risks detected for SSB from our risk checks.
Flawless balance sheet with high growth potential and pays a dividend.
Share Price & News
How has South State's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SSB has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SSB exceeded the US Banks industry which returned 6.9% over the past year.
Return vs Market: SSB underperformed the US Market which returned 14% over the past year.
Price Volatility Vs. Market
How volatile is South State's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StSouth State Corporation's (NASDAQ:SSB) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?
3 weeks ago | Simply Wall StShould You Buy South State Corporation (NASDAQ:SSB) For Its Upcoming Dividend In 4 Days?
3 weeks ago | Simply Wall StSouth State Corporation Just Reported Full-Year Earnings: Have Analysts Changed Their Mind On The Stock?
Is South State undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SSB ($77.01) is trading above our estimate of fair value ($55.07)
Significantly Below Fair Value: SSB is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SSB is poor value based on its PE Ratio (14.3x) compared to the Banks industry average (12.4x).
PE vs Market: SSB is good value based on its PE Ratio (14.3x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: SSB is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: SSB is good value based on its PB Ratio (1.1x) compared to the US Banks industry average (1.2x).
How is South State forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SSB's forecast earnings growth (43.6% per year) is above the savings rate (1.7%).
Earnings vs Market: SSB's earnings (43.6% per year) are forecast to grow faster than the US market (13.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SSB's revenue (40.5% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: SSB's revenue (40.5% per year) is forecast to grow faster 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 (8.3%).
How has South State performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SSB has high quality earnings.
Growing Profit Margin: SSB's current net profit margins (29.4%) are higher than last year (27.7%).
Past Earnings Growth Analysis
Earnings Trend: SSB's earnings have grown by 17.9% per year over the past 5 years.
Accelerating Growth: SSB's earnings growth over the past year (4.3%) is below its 5-year average (17.9% per year).
Earnings vs Industry: SSB earnings growth over the past year (4.3%) underperformed the Banks industry 12%.
Return on Equity
High ROE: SSB's Return on Equity (7.9%) is considered low.
Return on Assets
Return on Capital Employed
How is South State's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: SSB has a low level of unsold assets or inventory.
Debt Coverage by Assets: SSB's debt is not covered by short term assets (assets are 0.7x debt).
Financial Institutions Analysis
Asset Level: SSB's level of assets compared to its equity is low.
Allowance for Bad Loans: SSB has a sufficient allowance for bad loans.
Low Risk Liabilities: SSB's liabilities are made up of primarily low risk sources of funding.
Loan Level: SSB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: SSB's loans are broadly funded by customer deposits.
Level of Bad Loans: SSB has an appropriate level of bad loans (0.3%)
What is South State's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: SSB's dividend (2.44%) is higher than the bottom 25% of dividend payers in the US market (1.48%).
High Dividend: SSB's dividend (2.44%) is low compared to the top 25% of dividend payers in the US market (3.77%).
Stability and Growth of Payments
Stable Dividend: SSB's dividends per share have been stable in the past 10 years.
Growing Dividend: SSB's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31%), SSB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SSB's dividends in 3 years are forecast to be well covered by earnings (30.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Robert Hill (52yo)
Mr. Robert R. Hill, Jr., has been the Chief Executive Officer of South State Corporation (formerly, SCBT Financial Corp) since November 6, 2004. Mr. Hill serves as Chief Executive Officer of South State Ba ...
CEO Compensation Analysis
Compensation vs Market: Robert's total compensation ($USD3.22M) is below average for companies of similar size in the US market ($USD4.91M).
Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.
|CEO & Director||15.3yrs||US$3.22m||0.23% $6.0m|
|Senior EVP||7.3yrs||US$1.99m||0.33% $8.6m|
|Senior EVP & COO||1.6yrs||US$1.19m||0.086% $2.2m|
|Executive VP & Principal Accounting Officer||0yrs||no data||0.019% $482.4k|
|Executive Vice President of Investor Relations & Mergers-Acquisitions||4.1yrs||no data||no data|
|Chief Risk Officer||0yrs||no data||0.022% $570.9k|
|Chief Credit Officer||0yrs||no data||0.0067% $174.3k|
|Executive Vice President of Risk Management||0yrs||no data||no data|
|President of South Carolina & Georgia Division||0yrs||no data||0.075% $1.9m|
Experienced Management: SSB's management team is considered experienced (4.1 years average tenure).
|CEO & Director||15.3yrs||US$3.22m||0.23% $6.0m|
|Senior EVP||7.3yrs||US$1.99m||0.33% $8.6m|
|Independent Director||2.2yrs||US$135.85k||0.042% $1.1m|
|Independent Director||8.6yrs||US$119.73k||0.027% $702.9k|
|Chairman of the Board||22.1yrs||US$210.43k||0.23% $6.0m|
|Vice Chairman of the Board||6.6yrs||US$99.77k||0.045% $1.2m|
|Independent Director||26.1yrs||US$99.77k||0.13% $3.3m|
|Independent Director||19.1yrs||US$99.77k||0.051% $1.3m|
|Independent Director||3.8yrs||US$119.73k||0.010% $263.4k|
|Independent Director||9.3yrs||US$119.73k||0.042% $1.1m|
Experienced Board: SSB's board of directors are considered experienced (9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
South State Corporation's company bio, employee growth, exchange listings and data sources
- Name: South State Corporation
- Ticker: SSB
- Exchange: NasdaqGS
- Founded: 1933
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$2.582b
- Shares outstanding: 33.53m
- Website: https://www.southstatebank.com
Number of Employees
- South State Corporation
- 520 Gervais Street
- South Carolina
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SSB||NasdaqGS (Nasdaq Global Select)||Yes||Common Shares||US||USD||Jan 1997|
|FJ5||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jan 1997|
South State Corporation operates as the bank holding company for South State Bank that provides a range of retail and commercial banking services, mortgage lending services, trust and wealth management services, and consumer finance loans. The company accepts demand deposits, savings deposits, interest-bearing transaction accounts, certificates of deposit, and other time deposits; and offers lending and credit card, and ATM processing services. It serves customers through 168 financial centers in 29 South Carolina counties, 8 North Carolina counties, 17 Georgia counties, and 4 Virginia counties. The company was formerly known as First Financial Holdings, Inc. and changed its name to South State Corporation in July 2013. South State Corporation was founded in 1933 and is headquartered in Columbia, South Carolina.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 00:53|
|End of Day Share Price||2020/02/24 00:00|
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 here.