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SSB

SouthState NasdaqGS:SSB Stock Report

Last Price

US$71.26

Market Cap

US$5.4b

7D

-2.3%

1Y

-12.1%

Updated

31 Mar, 2023

Data

Company Financials +

SSB Stock Overview

About the company

SouthState Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies. It offers checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposits, money market accounts, and other time deposits. The company also offers commercial real estate loans, residential real estate loans, commercial, and industrial loans, as well as consumer loans, including auto, boat, and personal installment loans. In addition, it provides debit card, mobile and funds transfer products, and treasury management services comprising merchant, automated clearing house, lock-box, remote deposit capture, and other treasury services. Further, the company offers safe deposit boxes, bank money orders, wire transfer, brokerage services, and alternative investment products, including annuities, mutual funds, and trust and asset management services; and credit cards, letters of credit, and home equity lines of credit. SouthState Corporation also serves its customers through online, mobile, and telephone banking platforms. The company was formerly known as First Financial Holdings, Inc. and changed its name to SouthState Corporation in July 2013. SouthState Corporation was founded in 1933 and is headquartered in Winter Haven, Florida.

Rewards

Risk analysis

Snowflake Analysis

SSB fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance3/6
Financial Health6/6
Dividends5/6

My Notes

Capture your thoughts, links and company narrative

SouthState Corporation Competitors

Price History & Performance

Summary of all time highs, changes and price drops for SouthState
Historical stock prices
Current Share PriceUS$71.26
52 Week HighUS$91.74
52 Week LowUS$66.56
Beta0.81
1 Month Change-11.27%
3 Month Change-6.68%
1 Year Change-12.12%
3 Year Change40.36%
5 Year Change-15.57%
Change since IPO471.81%

Recent News & Updates

Recent updates

SouthState Corporation: Expanding Bank With Excellent Fundamentals

Sep 04

SouthState (NASDAQ:SSB) Is Increasing Its Dividend To $0.50

Aug 02
SouthState (NASDAQ:SSB) Is Increasing Its Dividend To $0.50

SouthState: Earnings Likely To Dip On The Back Of Higher Provisioning

Jun 28

Should You Be Adding SouthState (NASDAQ:SSB) To Your Watchlist Today?

May 16
Should You Be Adding SouthState (NASDAQ:SSB) To Your Watchlist Today?

SouthState Bank Has The Growth Potential, But Improved Profitability Would Be A Big Help

Feb 11

Here's Why We Think SouthState (NASDAQ:SSB) Is Well Worth Watching

Jan 24
Here's Why We Think SouthState (NASDAQ:SSB) Is Well Worth Watching

SouthState Corporation: Nothing Great To Talk About

Oct 28

Here's Why I Think SouthState (NASDAQ:SSB) Might Deserve Your Attention Today

Oct 04
Here's Why I Think SouthState (NASDAQ:SSB) Might Deserve Your Attention Today

South State (NASDAQ:SSB) Will Pay A Larger Dividend Than Last Year At US$0.49

Aug 10
South State (NASDAQ:SSB) Will Pay A Larger Dividend Than Last Year At US$0.49

South State: Building A Premier Southeast Bank

Aug 09

South State EPS beats by $0.70, misses on revenue

Apr 28

Would South State Corporation (NASDAQ:SSB) Be Valuable To Income Investors?

Apr 19
Would South State Corporation (NASDAQ:SSB) Be Valuable To Income Investors?

Have Insiders Sold South State Corporation (NASDAQ:SSB) Shares Recently?

Feb 22
Have Insiders Sold South State Corporation (NASDAQ:SSB) Shares Recently?

Don't Race Out To Buy South State Corporation (NASDAQ:SSB) Just Because It's Going Ex-Dividend

Feb 07
Don't Race Out To Buy South State Corporation (NASDAQ:SSB) Just Because It's Going Ex-Dividend

What Kind Of Shareholders Hold The Majority In South State Corporation's (NASDAQ:SSB) Shares?

Feb 01
What Kind Of Shareholders Hold The Majority In South State Corporation's (NASDAQ:SSB) Shares?

Is South State Corporation's (NASDAQ:SSB) 2.6% Dividend Sustainable?

Jan 04
Is South State Corporation's (NASDAQ:SSB) 2.6% Dividend Sustainable?

Would Shareholders Who Purchased South State's (NASDAQ:SSB) Stock Three Years Be Happy With The Share price Today?

Dec 09
Would Shareholders Who Purchased South State's (NASDAQ:SSB) Stock Three Years Be Happy With The Share price Today?

South State Corporation: Earnings Growth Outlook Appears Priced In

Dec 05

Shareholder Returns

SSBUS BanksUS Market
7D-2.3%3.8%3.7%
1Y-12.1%-22.3%-12.1%

Return vs Industry: SSB exceeded the US Banks industry which returned -23.6% over the past year.

Return vs Market: SSB matched the US Market which returned -12.9% over the past year.

Price Volatility

Is SSB's price volatile compared to industry and market?
SSB volatility
SSB Average Weekly Movement6.0%
Banks Industry Average Movement5.0%
Market Average Movement6.4%
10% most volatile stocks in US Market16.4%
10% least volatile stocks in US Market3.0%

Stable Share Price: SSB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SSB's weekly volatility (6%) has been stable over the past year.

SouthState Corporation Fundamentals Summary

How do SouthState's earnings and revenue compare to its market cap?
SSB fundamental statistics
Market CapUS$5.40b
Earnings (TTM)US$496.05m
Revenue (TTM)US$1.56b

10.9x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SSB income statement (TTM)
RevenueUS$1.56b
Cost of RevenueUS$0
Gross ProfitUS$1.56b
Other ExpensesUS$1.07b
EarningsUS$496.05m

Last Reported Earnings

Dec 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)6.54
Gross Margin100.00%
Net Profit Margin31.74%
Debt/Equity Ratio39.1%

How did SSB perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

30%

Payout Ratio