SSB - South State Corp Stock Price, Fair Value and News

81.08USD0.00 (0.00%)Delayed as of 15 May 2024, 11:01 am ET

Market Summary

USD81.080.00

Delayedas of 15 May 2024, 11:01 am

0.00%

SSB Stock Price

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SSB RSI Chart

SSB Valuation

Market Cap

6.2B

Price/Earnings (Trailing)

13.16

Price/Sales (Trailing)

3.18

EV/EBITDA

2.46

Price/Free Cashflow

8.48

SSB Price/Sales (Trailing)

SSB Profitability

EBT Margin

31.13%

Return on Equity

8.46%

Return on Assets

1.04%

Free Cashflow Yield

11.79%

SSB Fundamentals

SSB Revenue

Revenue (TTM)

1.9B

Rev. Growth (Yr)

21.6%

Rev. Growth (Qtr)

2.98%

SSB Earnings

Earnings (TTM)

469.4M

Earnings Growth (Yr)

-17.77%

Earnings Growth (Qtr)

7.74%

Breaking Down SSB Revenue

52 Week Range

60.1282.14

(Low)(High)

Last 7 days

0.5%

Last 30 days

3.2%

Last 90 days

-0.3%

Trailing 12 Months

31.5%

How does SSB drawdown profile look like?

SSB Financial Health

Debt/Equity

0.01

Debt/Cashflow

13.87

SSB Investor Care

Dividend Yield

2.54%

Dividend/Share (TTM)

2.06

Shares Dilution (1Y)

0.35%

Diluted EPS (TTM)

6.13

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	0	0	0	0
2023	1.6B	1.7B	1.9B	1.9B
2022	1.1B	1.1B	1.2B	1.4B
2021	1.0B	1.1B	1.1B	1.1B
2020	595.2M	625.8M	771.1M	910.0M
2019	572.5M	580.8M	587.2M	590.8M
2018	463.1M	502.0M	541.2M	567.2M
2017	350.3M	369.7M	390.9M	426.0M
2016	337.9M	336.5M	334.3M	333.2M
2015	338.6M	338.5M	339.7M	338.1M
2014	317.6M	344.9M	345.5M	342.0M
2013	201.4M	213.5M	247.8M	286.3M
2012	174.7M	176.8M	181.1M	187.5M
2011	129.3M	161.6M	167.7M	171.7M
2010	0	146.3M	150.8M	155.4M
2009	0	0	0	141.8M

Get all data in R, Python etc through our Historical Stock Data APIs

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

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Tracking the Latest Insider Buys and Sells of South State Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 07, 2024	hertz douglas j.	acquired	43,792	80.65	543	-
May 07, 2024	page g ruffner jr	acquired	25,001	80.65	310	-
May 07, 2024	cooper shantella e.	acquired	23,791	80.65	295	-
Mar 20, 2024	bockhorst daniel e	sold	-243,000	81.00	-3,000	chief credit officer
Mar 20, 2024	murray richard iv	sold	-401,065	81.85	-4,900	president
Mar 19, 2024	brooks renee r	gifted	-	-	-905	chief operating officer
Mar 15, 2024	brooks renee r	gifted	-	-	-605	chief operating officer
Mar 05, 2024	lapointe greg a	sold	-248,100	82.7	-3,000	chief banking officer
Mar 01, 2024	williams douglas lloyd	acquired	-	-	2,307	president, atlanta banking grp
Mar 01, 2024	williams douglas lloyd	sold (taxes)	-85,190	82.31	-1,035	president, atlanta banking grp

Which funds bought or sold SSB recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 13, 2024	Laurel Wealth Advisors LLC	unchanged	-	9,134	1,339,140	0.23%
May 13, 2024	CI INVESTMENTS INC.	added	23.05	13,000	71,000	-%
May 13, 2024	EverSource Wealth Advisors, LLC	unchanged	-	-	138,160	0.01%
May 13, 2024	XPONANCE, INC.	reduced	-2.07	-13,155	931,249	0.01%
May 13, 2024	BESSEMER GROUP INC	added	7.06	980,000	13,544,000	0.02%
May 13, 2024	INGALLS & SNYDER LLC	reduced	-0.6	-	422,000	0.02%
May 13, 2024	Pathstone Holdings, LLC	added	7.45	63,110	833,463	-%
May 13, 2024	Handelsbanken Fonder AB	unchanged	-	7,000	1,025,000	-%
May 13, 2024	TRUIST FINANCIAL CORP	reduced	-4.59	-582,158	14,198,900	0.02%
May 13, 2024	FORT WASHINGTON INVESTMENT ADVISORS INC /OH/	added	9.28	1,848,410	20,275,300	0.13%

Are Funds Buying or Selling SSB?

Are funds buying SSB calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SSB

No. of Funds

Unveiling South State Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	t. rowe price investment management, inc.	5.2%	3,939,491	SC 13G
Feb 13, 2024	vanguard group inc	11.11%	8,448,323	SC 13G/A
Jan 23, 2024	blackrock inc.	12.5%	9,506,426	SC 13G/A
Apr 06, 2023	blackrock inc.	11.8%	8,927,017	SC 13G/A
Feb 09, 2023	vanguard group inc	11.16%	8,451,132	SC 13G/A
Jan 31, 2023	blackrock inc.	7.1%	5,398,189	SC 13G/A
Apr 08, 2022	vanguard group inc	10.39%	7,914,710	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	4.2%	2,995,073	SC 13G/A
Feb 10, 2022	vanguard group inc	9.74%	6,800,057	SC 13G/A
Feb 04, 2022	wellington management group llp	1.98%	1,384,078	SC 13G/A

Recent SEC filings of South State Corp

View All Filings

Date Filed	Form Type	Document
May 08, 2024	4	Insider Trading
May 08, 2024	4	Insider Trading
May 08, 2024	4	Insider Trading
May 08, 2024	S-8	Employee Benefits Plan
May 06, 2024	13F-HR	Fund Holdings Report
May 03, 2024	10-Q	Quarterly Report
May 02, 2024	4	Insider Trading
May 02, 2024	4	Insider Trading
May 02, 2024	4	Insider Trading
May 02, 2024	4	Insider Trading

Peers (Alternatives to South State Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	578.6B	174.7B	10.22%	48.98%	11.49	3.31	53.11%	19.83%
BAC	301.1B	137.9B	7.57%	39.24%	12.03	2.18	56.12%	-12.56%
WFC	215.7B	85.8B	9.58%	59.61%	11.49	2.51	35.02%	26.14%
C	121.3B	125.0B	6.53%	38.07%	15.17	0.97	37.85%	-
CFG	16.6B	10.4B	9.93%	41.37%	11.58	1.59	26.22%	-33.87%
KEY	14.2B	8.1B	3.29%	57.35%	16.28	1.75	32.15%	-50.93%
MID-CAP
CMA	7.2B	4.2B	5.39%	57.43%	10.3	1.69	34.68%	-45.96%
ZION	6.6B	4.1B	9.56%	86.36%	10.46	1.61	32.93%	-30.73%
ABCB	3.4B	1.3B	10.65%	65.52%	12.19	2.62	30.60%	-12.99%
ASB	3.4B	2.0B	10.14%	49.70%	20.99	1.66	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	409.2M	152.4M	3.25%	44.20%	41.16	2.68	16.94%	-73.84%
AROW	398.8M	173.1M	8.57%	24.92%	13.67	2.3	26.54%	-34.86%
ACNB	286.5M	98.7M	3.12%	13.90%	9.73	2.9	6.27%	-22.90%
ASRV	46.1M	62.5M	10.88%	-6.69%	-15.6	0.74	18.83%	-145.18%

South State Corp News

Latest updates

South State Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-100.0%	-	515	501	478	450	424	376	326	270	267	271	268	278	286	295	181	148	147	150	150	143
EBITDA Margin	-3.0%	1.04*	1.07*	1.19*	1.29*	1.38*	1.43*	1.47*	1.50*	1.50*	1.54*	1.46*	1.41*	1.21*	-	-	-	-	-	-	-	-
Interest Expenses	-2.9%	344	354	355	362	381	396	362	316	262	258	260	253	262	266	270	163	128	126	127	127	123
Income Taxes	29.1%	38.00	30.00	33.00	34.00	39.00	39.00	38.00	33.00	27.00	28.00	31.00	29.00	41.00	-19.40	23.00	-24.75	4.00	9.00	13.00	10.00	11.00
Earnings Before Taxes	12.4%	154	137	157	158	179	183	171	152	127	135	154	128	188	67.00	118	-109	28.00	59.00	65.00	52.00	56.00
EBT Margin	-4.0%	0.31*	0.32*	0.37*	0.40*	0.43*	0.45*	0.47*	0.50*	0.50*	0.56*	0.49*	0.44*	0.25*	-	-	-	-	-	-	-	-
Net Income	7.7%	115	107	124	123	140	144	133	119	100	107	123	99.00	147	86.00	95.00	-84.93	24.00	49.00	52.00	41.00	44.00
Net Income Margin	-5.0%	0.24*	0.25*	0.29*	0.31*	0.34*	0.36*	0.37*	0.40*	0.40*	0.44*	0.41*	0.38*	0.23*	-	-	-	-	-	-	-	-
Free Cashflow	194.9%	272	-286	438	305	52.00	150	605	384	574	-15.33	172	-62.68	293	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.5%	45,145	44,902	44,989	44,940	44,924	43,919	45,179	46,207	46,202	41,838	40,904	40,376	39,730	37,790	37,819	37,725	16,643	15,922	15,752	15,683	15,407
Cash Equivalents	21.1%	1,209	999	1,329	1,514	1,997	1,313	2,924	4,821	6,193	6,722	6,298	6,405	5,974	4,609	4,472	4,364	1,263	689	719	852	950
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	628	312	317	324	321	323
Goodwill	-1.2%	1,900	1,923	1,923	1,900	1,923	1,923	1,923	1,923	342	1,581	1,600	1,581	1,600	1,564	1,567	1,603	1,003	1,003	1,003	1,003	1,003
Liabilities	0.6%	39,598	39,369	39,758	39,650	39,675	38,844	40,257	41,167	41,027	37,036	36,111	35,618	35,011	33,142	33,256	33,234	14,322	13,549	13,401	13,309	13,030
Shareholder's Equity	0.3%	5,547	5,533	5,231	5,290	5,249	5,075	4,921	5,040	5,174	4,803	4,793	4,758	4,720	4,648	4,563	4,492	2,321	2,373	2,351	2,374	2,376
Retained Earnings	3.8%	1,749	1,685	1,618	1,534	1,449	1,347	1,241	1,146	1,064	998	925	837	771	657	605	543	643	680	646	609	582
Additional Paid-In Capital	-0.2%	4,230	4,240	4,239	4,229	4,225	4,216	4,207	4,196	4,215	3,653	3,694	3,721	3,772	3,765	3,764	3,759	1,584	1,608	1,617	1,676	1,719
Shares Outstanding	0.2%	76.00	76.00	76.00	76.00	76.00	76.00	76.00	73.00	71.00	70.00	71.00	71.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	4,955	-	-	-	5,771	-	-	-	5,681	-	-	-	3,337	-	-	-	2,512	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	201.2%	277,659	-274,319	449,420	312,275	59,381	154,373	610,064	387,687	578,769	-12,322	179,378	-50,402	299,035	180,840	286,235	28,785	41,083	53,321	27,450	62,743	37,514
Share Based Compensation	-20.5%	5,867	7,377	9,355	7,707	11,422	7,327	10,512	9,313	8,486	6,526	6,396	6,707	6,092	4,624	4,960	11,727	2,007	2,197	2,285	2,226	2,131
Cashflow From Investing	47.1%	-105,955	-200,404	-320,522	-631,666	-273,847	-1,169,511	-833,150	-1,364,823	-1,492,912	-898,638	-508,385	-161,868	-750,370	-111,498	-149,225	1,609,868	-119,367	-239,409	-154,500	-323,784	-77,360
Cashflow From Financing	-73.1%	38,876	144,463	-313,510	-163,522	898,565	-596,508	-1,673,711	-394,649	385,363	1,334,208	222,818	642,645	1,816,217	68,274	-29,079	1,462,219	652,416	155,598	-5,727	163,421	580,454
Dividend Payments	2.7%	40,761	39,705	39,572	38,574	38,333	37,873	37,860	37,009	33,922	34,233	34,328	33,328	33,448	33,349	33,334	15,733	15,840	15,521	14,684	14,050	13,441
Buy Backs	-8.1%	7,953	8,655	387	3,606	3,416	11,942	878	5,822	88,815	98,362	3.00	162	804	79.00	193	5,581	26,578	68,198	340	445	34,785

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SSB Income Statement

2024-03-31

Consolidated Statements of Income (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income:
Loans, including fees	$ 463,688	$ 393,366
Investment securities:
Taxable	39,745	41,565
Tax-exempt	5,568	6,557
Federal funds sold, securities purchased under agreements to resell and interest-bearing deposits with banks	8,254	8,921
Total interest income	517,255	450,409
Interest expense:
Deposits	160,162	55,942
Federal funds purchased and securities sold under agreements to repurchase	4,727	2,853
Corporate and subordinated debentures	6,009	5,735
Other borrowings	2,421	4,616
Total interest expense	173,319	69,146
Net interest income	343,936	381,263
Provision for credit losses	12,686	33,091
Net interest income after provision for credit losses	331,250	348,172
Noninterest income:
Securities gains, net		45
Other income	13,179	9,866
Total noninterest income	71,558	71,355
Noninterest expense:
Salaries and employee benefits	150,453	144,060
Occupancy expense	22,577	21,533
Information services expense	22,353	19,925
OREO and loan related expense	606	169
Amortization of intangibles	5,998	7,299
Supplies, printing and postage expense	2,540	2,640
Professional fees	3,115	3,702
FDIC assessment and other regulatory charges	8,534	6,294
FDIC special assessment	3,854
Advertising and marketing	1,984	2,118
Merger, branch consolidation, severance related and other expense	4,513	9,412
Other expense	22,763	23,353
Total noninterest expense	249,290	240,505
Earnings:
Income before provision for income taxes	153,518	179,022
Provision for income taxes	38,462	39,096
Net income	$ 115,056	$ 139,926
Earnings per common share:
Basic (in dollars per share)	$ 1.51	$ 1.84
Diluted (in dollars per share)	$ 1.50	$ 1.83
Weighted average common shares outstanding:
Basic (in shares)	76,301	75,902
Diluted (in shares)	76,660	76,389
Fees on deposit accounts
Noninterest income:
Noninterest income	$ 33,145	$ 29,859
Mortgage banking income
Noninterest income:
Noninterest income	6,169	4,332
Trust and investment services income
Noninterest income:
Noninterest income	10,391	9,937
Correspondent banking and capital markets income
Noninterest income:
Noninterest income	4,311	13,594
SBA income
Noninterest income:
Noninterest income	$ 4,363	$ 3,722

SSB Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Cash and cash equivalents:
Cash and due from banks	$ 478,271	$ 510,922
Federal funds sold and interest-earning deposits with banks	493,378	236,435
Deposits in other financial institutions (restricted cash)	237,808	251,520
Total cash and cash equivalents	1,209,457	998,877
Trading securities, at fair value	66,188	31,321
Investment securities:
Securities held to maturity (fair value of $2,016,567 and $2,084,736)	2,446,589	2,487,440
Securities available for sale, at fair value	4,598,400	4,784,388
Other investments	187,285	192,043
Total investment securities	7,232,274	7,463,871
Loans held for sale	56,553	50,888
Loans:
Total loans	32,667,310	32,388,489
Less allowance for credit losses	(469,654)	(456,573)
Loans, net	32,197,656	31,931,916
Premises and equipment, net	512,635	519,197
Bank owned life insurance ("BOLI")	997,562	991,454
Deferred tax assets	170,818	164,354
Derivatives assets	176,784	172,939
Mortgage servicing rights	87,970	85,164
Core deposit and other intangibles	83,193	88,776
Goodwill	1,923,106	1,923,106
Other assets	430,642	480,161
Total assets	45,144,838	44,902,024
Deposits:
Noninterest-bearing	10,546,410	10,649,274
Interest-bearing	26,632,024	26,399,635
Total deposits	37,178,434	37,048,909
Federal funds purchased	273,367	248,162
Securities sold under agreements to repurchase	281,324	241,023
Corporate and subordinated debentures	391,812	391,904
Other borrowings		100,000
Reserve for unfunded commitments	53,229	56,303
Derivative liabilities	954,788	804,486
Other liabilities	464,875	478,139
Total liabilities	39,597,829	39,368,926
Shareholders' equity:
Common stock - $2.50 par value; authorized 160,000,000 shares; 76,177,163 and 76,022,039 shares issued and outstanding, respectively	190,443	190,055
Surplus	4,230,345	4,240,413
Retained earnings	1,749,215	1,685,166
Accumulated other comprehensive loss	(622,994)	(582,536)
Total shareholders' equity	5,547,009	5,533,098
Total liabilities and shareholders' equity	45,144,838	44,902,024
Acquired - non-purchased credit deteriorated loans
Loans:
Total loans	4,534,583	4,796,913
Acquired - purchased credit deteriorated loans
Loans:
Total loans	1,031,283	1,108,813
Non-acquired loans
Loans:
Total loans	$ 27,101,444	$ 26,482,763

About South State Corp

SouthState Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies. It offers checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposits, money market accounts, and other time deposits. The company 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. In addition, it provides debit card, mobile and funds transfer products, and treasury management services comprising merchant, automated clearing house, lock-box, remote deposit capture, and other treasury services. Further, the company offers safe deposit boxes, bank money orders, wire transfer, brokerage services, and alternative investment products, including annuities, mutual funds, and trust and asset management services; and credit cards, letters of credit, and home equity lines of credit. SouthState Corporation also serves its customers through online, mobile, and telephone banking platforms. The company was formerly known as First Financial Holdings, Inc. and changed its name to SouthState Corporation in July 2013. SouthState Corporation was founded in 1933 and is headquartered in Winter Haven, Florida.

CEO	Mr. John C. Corbett
WEBSITE	southstatebank.com
INDUSTRY	Banks Diversified
EMPLOYEES	5162

South State Corp Frequently Asked Questions

What is the ticker symbol for South State Corp? What does SSB stand for in stocks?

SSB is the stock ticker symbol of South State Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of South State Corp (SSB)?

As of Tue May 14 2024, market cap of South State Corp is 6.18 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SSB stock?

You can check SSB's fair value in chart for subscribers.

What is the fair value of SSB stock?

You can check SSB's fair value in chart for subscribers. The fair value of South State Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of South State Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SSB so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is South State Corp a good stock to buy?

The fair value guage provides a quick view whether SSB is over valued or under valued. Whether South State Corp is cheap or expensive depends on the assumptions which impact South State Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SSB.

What is South State Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 14 2024, SSB's PE ratio (Price to Earnings) is 13.16 and Price to Sales (PS) ratio is 3.18. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SSB PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on South State Corp's stock?

In the past 10 years, South State Corp has provided 0.056 (multiply by 100 for percentage) rate of return.