South State Corporation operates as the bank holding company for South State Bank that provides a range of banking services and products.
No risks detected for SSB from our risk checks.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$74.32|
|52 Week High||US$56.43|
|52 Week Low||US$93.26|
|1 Month Change||0.77%|
|3 Month Change||5.28%|
|1 Year Change||28.43%|
|3 Year Change||9.83%|
|5 Year Change||4.53%|
|Change since IPO||496.36%|
Recent News & Updates
Here's Why I Think SouthState (NASDAQ:SSB) Might Deserve Your Attention Today
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
South State (NASDAQ:SSB) Will Pay A Larger Dividend Than Last Year At US$0.49
South State Corporation ( NASDAQ:SSB ) has announced that it will be increasing its dividend on the 19th of August to...
South State: Building A Premier Southeast Bank
The recently announced acquisition of Atlantic Capital will create a strong foothold in the Atlanta Market. Strong demographic trends and positive economic momentum are likely to drive outsized loan growth. The opportunity to cut costs while growing loans is a one-two punch for material profitability improvement.
|SSB||US Banks||US Market|
Return vs Industry: SSB underperformed the US Banks industry which returned 81.9% over the past year.
Return vs Market: SSB underperformed the US Market which returned 33.4% over the past year.
Stable Share Price: SSB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SSB's weekly volatility (4%) has been stable over the past year.
About the Company
South State Corporation operates as the bank holding company for South State Bank that provides a range of banking services and products. The company accepts checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposits, and other time deposits. It 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.
SouthState Fundamentals Summary
|SSB fundamental statistics|
Is SSB overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SSB income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 27, 2021
|Earnings per share (EPS)||6.10|
|Net Profit Margin||28.34%|
How did SSB perform over the long term?See historical performance and comparison
2.6%Current Dividend Yield
Is SouthState undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SSB ($74.32) is trading below our estimate of fair value ($150.79)
Significantly Below Fair Value: SSB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SSB is poor value based on its PE Ratio (12.2x) compared to the US Banks industry average (11x).
PE vs Market: SSB is good value based on its PE Ratio (12.2x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: SSB is poor value based on its PEG Ratio (2.3x)
Price to Book Ratio
PB vs Industry: SSB's PB Ratio (1.1x) is in line with the US Banks industry average.
How is SouthState forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SSB's forecast earnings growth (5.4% per year) is above the savings rate (2%).
Earnings vs Market: SSB's earnings (5.4% per year) are forecast to grow slower than the US market (14.7% per year).
High Growth Earnings: SSB's earnings are forecast to grow, but not significantly.
Revenue vs Market: SSB's revenue (6.2% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: SSB's revenue (6.2% 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 (10.1%).
How has SouthState 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 (28.3%) are higher than last year (7.6%).
Past Earnings Growth Analysis
Earnings Trend: SSB's earnings have grown by 19% per year over the past 5 years.
Accelerating Growth: SSB's earnings growth over the past year (972.9%) exceeds its 5-year average (19% per year).
Earnings vs Industry: SSB earnings growth over the past year (972.9%) exceeded the Banks industry 38.4%.
Return on Equity
High ROE: SSB's Return on Equity (9%) is considered low.
How is SouthState's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: SSB's Assets to Equity ratio (8.5x) is low.
Allowance for Bad Loans: SSB has a sufficient allowance for bad loans (409%).
Low Risk Liabilities: 93% of SSB's liabilities are made up of primarily low risk sources of funding.
Loan Level: SSB has an appropriate level of Loans to Assets ratio (59%).
Low Risk Deposits: SSB's Loans to Deposits ratio (71%) is appropriate.
Level of Bad Loans: SSB has an appropriate level of bad loans (0.4%).
What is SouthState current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SSB's dividend (2.64%) is higher than the bottom 25% of dividend payers in the US market (1.28%).
High Dividend: SSB's dividend (2.64%) is low compared to the top 25% of dividend payers in the US market (3.48%).
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 (31.6%), 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 (32.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Corbett (52 yo)
Mr. John C. Corbett has been the Chief Executive Officer and Director at South State Corporation since June 7, 2020. Mr. Corbett serves as the Chief Executive officer and Director of South State Bank, Nati...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD2.06M) is below average for companies of similar size in the US market ($USD6.35M).
Compensation vs Earnings: Insufficient data to compare John's compensation with company performance.
Experienced Management: SSB's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Experienced Board: SSB's board of directors are considered experienced (4.6 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.
SouthState Corporation's employee growth, exchange listings and data sources
- Name: SouthState Corporation
- Ticker: SSB
- Exchange: NasdaqGS
- Founded: 1933
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$5.205b
- Shares outstanding: 70.04m
- Website: https://www.southstatebank.com
Number of Employees
- SouthState Corporation
- 1101 First Street South
- Suite 202
- Winter Haven
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/27 22:59|
|End of Day Share Price||2021/10/27 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.