SouthState Past Earnings Performance
Past criteria checks 2/6
SouthState has been growing earnings at an average annual rate of 28%, while the Banks industry saw earnings growing at 9.8% annually. Revenues have been growing at an average rate of 21.8% per year. SouthState's return on equity is 8.5%, and it has net margins of 29.2%.
Key information
28.0%
Earnings growth rate
12.2%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 21.8% |
| Return on equity | 8.5% |
| Net Margin | 29.2% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
SouthState (NASDAQ:SSB) Ticks All The Boxes When It Comes To Earnings Growth
Nov 15
SouthState (NASDAQ:SSB) Is Increasing Its Dividend To $0.52
Aug 01Does SouthState (NASDAQ:SSB) Deserve A Spot On Your Watchlist?
Jul 12SouthState Corporation: Expanding Bank With Excellent Fundamentals
Sep 04SouthState (NASDAQ:SSB) Is Increasing Its Dividend To $0.50
Aug 02SouthState: Earnings Likely To Dip On The Back Of Higher Provisioning
Jun 28Should You Be Adding SouthState (NASDAQ:SSB) To Your Watchlist Today?
May 16SouthState Bank Has The Growth Potential, But Improved Profitability Would Be A Big Help
Feb 11Here's Why We Think SouthState (NASDAQ:SSB) Is Well Worth Watching
Jan 24SouthState Corporation: Nothing Great To Talk About
Oct 28Here's Why I Think SouthState (NASDAQ:SSB) Might Deserve Your Attention Today
Oct 04South State (NASDAQ:SSB) Will Pay A Larger Dividend Than Last Year At US$0.49
Aug 10South State: Building A Premier Southeast Bank
Aug 09Revenue & Expenses BreakdownBeta
How SouthState makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 1,609 | 469 | 802 | 0 |
| 31 Dec 23 | 1,625 | 494 | 795 | 0 |
| 30 Sep 23 | 1,624 | 531 | 784 | 0 |
| 30 Jun 23 | 1,643 | 540 | 776 | 0 |
| 31 Mar 23 | 1,626 | 536 | 765 | 0 |
| 31 Dec 22 | 1,563 | 496 | 758 | 0 |
| 30 Sep 22 | 1,510 | 459 | 752 | 0 |
| 30 Jun 22 | 1,484 | 449 | 746 | 0 |
| 31 Mar 22 | 1,492 | 429 | 743 | 0 |
| 31 Dec 21 | 1,553 | 476 | 747 | 0 |
| 30 Sep 21 | 1,539 | 455 | 752 | 0 |
| 30 Jun 21 | 1,508 | 427 | 753 | 0 |
| 31 Mar 21 | 1,183 | 243 | 682 | 0 |
| 31 Dec 20 | 902 | 121 | 579 | 0 |
| 30 Sep 20 | 716 | 83 | 473 | 0 |
| 30 Jun 20 | 521 | 40 | 372 | 0 |
| 31 Mar 20 | 617 | 166 | 342 | 0 |
| 31 Dec 19 | 635 | 186 | 338 | 0 |
| 30 Sep 19 | 634 | 186 | 336 | 0 |
| 30 Jun 19 | 630 | 182 | 334 | 0 |
| 31 Mar 19 | 632 | 181 | 330 | 0 |
| 31 Dec 18 | 645 | 179 | 336 | 0 |
| 30 Sep 18 | 632 | 132 | 325 | 0 |
| 30 Jun 18 | 607 | 120 | 309 | 0 |
| 31 Mar 18 | 576 | 112 | 296 | 0 |
| 31 Dec 17 | 537 | 88 | 277 | 0 |
| 30 Sep 17 | 505 | 109 | 263 | 0 |
| 30 Jun 17 | 488 | 102 | 256 | 0 |
| 31 Mar 17 | 469 | 95 | 246 | 0 |
| 31 Dec 16 | 442 | 101 | 235 | 0 |
| 30 Sep 16 | 448 | 103 | 234 | 0 |
| 30 Jun 16 | 444 | 100 | 230 | 0 |
| 31 Mar 16 | 440 | 100 | 228 | 0 |
| 31 Dec 15 | 437 | 99 | 227 | 0 |
| 30 Sep 15 | 433 | 95 | 226 | 0 |
| 30 Jun 15 | 424 | 89 | 225 | 0 |
| 31 Mar 15 | 418 | 82 | 227 | 0 |
| 31 Dec 14 | 414 | 74 | 226 | 0 |
| 30 Sep 14 | 414 | 66 | 233 | 0 |
| 30 Jun 14 | 406 | 58 | 226 | 0 |
| 31 Mar 14 | 366 | 53 | 203 | 0 |
| 31 Dec 13 | 325 | 48 | 180 | 0 |
| 30 Sep 13 | 277 | 41 | 148 | 0 |
| 30 Jun 13 | 234 | 38 | 127 | 0 |
Quality Earnings: SSB has high quality earnings.
Growing Profit Margin: SSB's current net profit margins (29.2%) are lower than last year (33%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SSB's earnings have grown significantly by 28% per year over the past 5 years.
Accelerating Growth: SSB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SSB had negative earnings growth (-12.4%) over the past year, making it difficult to compare to the Banks industry average (-12.2%).
Return on Equity
High ROE: SSB's Return on Equity (8.5%) is considered low.