SouthState Corporation(SSB) Stock Research - Grey Stern Research

SouthState Corporation (SSB) Stock Analysis

$93.83 (-0.13%)

SSB Financial Performance


Use the table below to view SouthState Corporation's financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q4 - 2024

Metric Value Ranking among Peers
Price $93.83 -
52 Week Low $70.68 -
52 Week High $114.27 -
Market Cap $9.5 Billion 1/21
Gross Margin 100% 1/21
Profit Margin 36% 3/21
EBITDA margin 0% 5/21
Q4 - 2024 Revenue $399.7 Million 2/21
Q4 - 2024 Earnings $144.2 Million 2/21
Q4 - 2024 Free Cash Flow $340.9 Million 1/21
Trailing 4 Quarters Revenue $2.0 Billion 2/21
Trailing 4 Quarters Earnings $534.8 Million 1/21
Quarterly Earnings Growth 0% 12/21
Annual Earnings Growth 44% 4/21
Quarterly Revenue Growth 0% 5/21
Annual Revenue Growth 55% 6/21
Cash On Hand $798.3 Million 3/21
Short Term Debt $0 4/21
Long Term Debt $381.2 Million 4/21

SouthState Corporation Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare SouthState Corporation's metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 17.78 7/21
PS 4.77 3/21
PB 1.61 2/21
PC 11.91 2/21
Liabilities to Equity 6.87 15/21
ROA 0.01 3/21
ROE 0.09 8/21
Current Ratio 1.15 6/21
Quick Ratio 0.02 16/21
Long Term Debt to Equity 0.06 10/21
Debt to Equity 0.06 12/21
Burn Rate -6.19 15/21
Cash to Cap 0.08 15/21
CCR 2.36 7/21
EV to EBITDA -1.00 6/21
EV to Revenue -1.00 6/21

Company Details

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 accepts 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. As of December 31, 2021, it served customers through 281 branches in Florida, South Carolina, Alabama, Georgia, North Carolina, and Virginia. 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. Robert Hill

Website: https://www.southstatebank.com

Address: 520 Gervais St Columbia, SOUTH CAROLINA

Exchange: NASDAQ Global Select

Industry: Banks—Regional

SouthState Corporation Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to SouthState Corporation. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
United Community Banks, Inc. UCBI $3.3 Billion
Pinnacle Financial Partners, Inc. PNFP $8.3 Billion
National Bank Holdings Corporation NBHC $1.5 Billion
WSFS Financial Corporation WSFS $3.1 Billion
Hilltop Holdings Inc. HTH $2.0 Billion
ServisFirst Bancshares, Inc. SFBS $4.5 Billion
International Bancshares Corporation IBOC $4.0 Billion
FB Financial Corporation FBK $2.2 Billion
Luther Burbank Corporation LBC $466.8 Million
Great Southern Bancorp, Inc. GSBC $671.1 Million
First Bancorp FBNC $1.7 Billion
Mercantile Bank Corporation MBWM $728.0 Million
First Mid Bancshares, Inc. FMBH $864.1 Million
SmartFinancial, Inc. SMBK $543.7 Million
Southern First Bancshares, Inc. SFST $277.1 Million
Citizens Holding Company CIZN $44.1 Million
Community West Bancshares CWBC $356.1 Million
Franklin Financial Services Corporation FRAF $157.5 Million
Red River Bancshares, Inc. RRBI $354.7 Million
Finward Bancorp FNWD $126.0 Million
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
SSB Income Statements
Quarter Year Revenue Earnings
Q4 2024 $ 399.7 Million $144.2 Million
Q3 2024 $ 544.2 Million $143.2 Million
Q2 2024 $ 531.1 Million $132.4 Million
Q1 2024 $ 517.3 Million $115.1 Million
Q4 2023 $ 0 $0
Q3 2023 $ 428.2 Million $124.1 Million
Q2 2023 $ 439.0 Million $123.4 Million
Q1 2023 $ 452.6 Million $139.9 Million

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SSB Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q4 2024 $798.3 Million $46.4 Billion $381.2 Million $5.9 Billion
Q3 2024 $563.9 Million $46.1 Billion $0 $5.9 Billion
Q2 2024 $507.4 Million $45.5 Billion $0 $5.7 Billion
Q1 2024 $478.3 Million $45.1 Billion $0 $5.5 Billion
Q4 2023 $762.4 Million $44.9 Billion $481.6 Million $5.5 Billion
Q3 2023 $514.9 Million $45.0 Billion $392.0 Million $5.2 Billion
Q2 2023 $552.9 Million $44.9 Billion $792.1 Million $5.3 Billion
Q1 2023 $558.2 Million $44.9 Billion $1.3 Billion $5.2 Billion

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SSB Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q4 2024 $340.9 Million -$13.4 Million $179.4 Million
Q3 2024 -$231.8 Million $15.0 Million $95.5 Million
Q2 2024 -$3.3 Million $0 -$3.3 Million
Q1 2024 $277.7 Million $0 $210.6 Million
Q4 2023 -$286.8 Million -$12.5 Million -$330.3 Million
Q3 2023 -$3.4 Million $0 -$3.4 Million
Q2 2023 -$3.3 Million $0 -$3.3 Million
Q1 2023 $51.7 Million -$7.6 Million $684.1 Million

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