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 9.3% 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 Growth11.2%
Revenue growth rate21.8%
Return on equity8.5%
Net Margin29.2%
Last Earnings Update31 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) Ticks All The Boxes When It Comes To Earnings Growth

SouthState (NASDAQ:SSB) Is Increasing Its Dividend To $0.52

Aug 01
SouthState (NASDAQ:SSB) Is Increasing Its Dividend To $0.52

Does SouthState (NASDAQ:SSB) Deserve A Spot On Your Watchlist?

Jul 12
Does SouthState (NASDAQ:SSB) Deserve A Spot On Your Watchlist?

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

Revenue & Expenses Breakdown

How SouthState makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NYSE:SSB Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 241,6094698040
31 Dec 231,6254947950
30 Sep 231,6255317840
30 Jun 231,6445407760
31 Mar 231,6275367650
31 Dec 221,5634967580
30 Sep 221,5104597520
30 Jun 221,4844497460
31 Mar 221,4924297430
31 Dec 211,5534767470
30 Sep 211,5394557520
30 Jun 211,5084277530
31 Mar 211,1832436820
31 Dec 209021215790
30 Sep 20716834730
30 Jun 20521403720
31 Mar 206171663420
31 Dec 196351863380
30 Sep 196341863360
30 Jun 196301823340
31 Mar 196321813300
31 Dec 186451793360
30 Sep 186321323250
30 Jun 186071203090
31 Mar 185761122960
31 Dec 17537882770
30 Sep 175051092630
30 Jun 174881022560
31 Mar 17469952460
31 Dec 164421012350
30 Sep 164481032340
30 Jun 164441002300
31 Mar 164401002280
31 Dec 15437992270
30 Sep 15433952260
30 Jun 15424892250
31 Mar 15418822270
31 Dec 14414742260
30 Sep 14414662330
30 Jun 14406582260
31 Mar 14366532030
31 Dec 13325481800
30 Sep 13277411480
30 Jun 13234381270

Quality Earnings: SSB has high quality earnings.

Growing Profit Margin: SSB's current net profit margins (29.2%) are lower than last year (32.9%).


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 (-14.1%).


Return on Equity

High ROE: SSB's Return on Equity (8.5%) is considered low.


Return on Assets


Return on Capital Employed


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