SouthState First Quarter 2025 Earnings: Beats Expectations

SouthState (NYSE:SSB) First Quarter 2025 Results

Key Financial Results

• Revenue: US$530.1m (up 32% from 1Q 2024).
• Net income: US$89.1m (down 23% from 1Q 2024).
• Profit margin: 17% (down from 29% in 1Q 2024). The decrease in margin was driven by higher expenses.
• EPS: US$0.88 (down from US$1.51 in 1Q 2024).

We've discovered 2 warning signs about SouthState. View them for free.

All figures shown in the chart above are for the trailing 12 month (TTM) period

SouthState Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 3.0% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for SouthState (of which 1 shouldn't be ignored!) you should know about.

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