SouthState Balance Sheet Health
Financial Health criteria checks 6/6
SouthState has total assets of $46.1B and total equity of $5.9B. Total deposits are $37.6B, and total loans are $33.1B. It earns a Net Interest Margin of 3.6%. It has sufficient allowance for bad loans, which are currently at 0.6% of total loans. Cash and short-term investments are $1.2B.
Key information
7.8x
Asset to equity ratio
3.6%
Net interest margin
| Total deposits | US$37.64b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.6% |
| Allowance for bad loans | Sufficient |
| Current ratio | Low |
| Cash & equivalents | US$1.23b |
Recent financial health updates
Recent updates
SouthState Corporation: Strong Growth Prospects Can Power An Attractive Investment Case
Sep 27SouthState Bank Keeping Its Foot Firmly On The Accelerator
Jun 28SouthState Corporation: Expanding Bank With Excellent Fundamentals
Sep 04SouthState: Earnings Likely To Dip On The Back Of Higher Provisioning
Jun 28Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: SSB's Assets to Equity ratio (7.8x) is low.
Allowance for Bad Loans: SSB has a sufficient allowance for bad loans (247%).
Low Risk Liabilities: 94% 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 (72%).
Low Risk Deposits: SSB's Loans to Deposits ratio (88%) is appropriate.
Level of Bad Loans: SSB has an appropriate level of bad loans (0.6%).
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 05:43 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
SouthState Corporation is covered by 18 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Blair Brantley | BB&T Capital Markets |
| Benjamin Gerlinger | Citigroup Inc |
| Kevin Fitzsimmons | D.A. Davidson & Co. |