StocksFundsScreenerSectorsWatchlists
SSB

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

76.09USD-0.36 (-0.47%)Market Closed

Market Summary

SSB
USD76.09-0.36
Market Closed
-0.47%

SSB Alerts

  • 2 major insider sales recently.

SSB Stock Price

View Fullscreen

SSB RSI Chart

SSB Valuation

Market Cap

5.8B

Price/Earnings (Trailing)

11.7

Price/Sales (Trailing)

2.97

EV/EBITDA

2.3

Price/Free Cashflow

11.39

SSB Price/Sales (Trailing)

SSB Profitability

EBT Margin

32.44%

Return on Equity

8.93%

Return on Assets

1.1%

Free Cashflow Yield

8.78%

SSB Fundamentals

SSB Revenue

Revenue (TTM)

1.9B

Rev. Growth (Yr)

21.6%

Rev. Growth (Qtr)

2.98%

SSB Earnings

Earnings (TTM)

494.3M

Earnings Growth (Yr)

-25.58%

Earnings Growth (Qtr)

-13.98%

Breaking Down SSB Revenue

Last 7 days

-3.3%

Last 30 days

-4.0%

Last 90 days

-5.2%

Trailing 12 Months

11.6%

How does SSB drawdown profile look like?

SSB Financial Health

Debt/Equity

0.01

Debt/Cashflow

9.91

SSB Investor Care

Dividend Yield

2.68%

Dividend/Share (TTM)

2.04

Shares Dilution (1Y)

0.42%

Diluted EPS (TTM)

6.46

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20231.6B1.7B1.9B1.9B
20221.1B1.1B1.2B1.4B
20211.0B1.1B1.1B1.1B
2020595.2M625.8M771.1M910.0M
2019572.5M580.8M587.2M590.8M
2018463.1M502.0M541.2M567.2M
2017350.3M369.7M390.9M426.0M
2016337.9M336.5M334.3M333.2M
2015338.6M338.5M339.7M338.1M
2014317.6M344.9M345.5M342.0M
2013201.4M213.5M247.8M286.3M
2012174.7M176.8M181.1M187.5M
2011129.3M161.6M167.7M171.7M
20100146.3M150.8M155.4M
2009000141.8M
GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

PurpleZone


Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks
Try For Just $1.99

Tracking the Latest Insider Buys and Sells of South State Corp

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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
Feb 29, 2024
lapointe greg a
sold (taxes)
-154,129
84.04
-1,834
chief banking officer
Feb 29, 2024
young stephen dean
sold (taxes)
-373,894
84.04
-4,449
chief strategy officer
Feb 29, 2024
bockhorst daniel e
acquired
-
-
3,687
chief credit officer

1–10 of 50

Which funds bought or sold SSB recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 16, 2024
FIRETHORN WEALTH PARTNERS, LLC
added
0.13
2,695
327,453
0.19%
Apr 16, 2024
Fifth Third Wealth Advisors LLC
new
-
2,754,380
2,754,380
0.43%
Apr 16, 2024
FLAGSHIP HARBOR ADVISORS, LLC
reduced
-9.59
-25,986
263,593
0.02%
Apr 16, 2024
Moisand Fitzgerald Tamayo, LLC
unchanged
-
95.00
13,945
-%
Apr 15, 2024
WEST PACES ADVISORS INC.
unchanged
-
4,176
612,216
0.16%
Apr 15, 2024
Sound Income Strategies, LLC
unchanged
-
278
40,814
-%
Apr 15, 2024
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC
added
0.14
5,487
666,101
-%
Apr 15, 2024
Concurrent Investment Advisors, LLC
new
-
820,207
820,207
0.04%
Apr 15, 2024
OLD NATIONAL BANCORP /IN/
reduced
-31.69
-92,518
203,816
-%
Apr 12, 2024
Abacus Planning Group, Inc.
unchanged
-
1,392
203,984
0.04%

1–10 of 50

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 FiledName of FilerPercent of ClassNo. of SharesForm 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
Apr 08, 2024
DEFA14A
DEFA14A
Mar 29, 2024
8-K
Current Report
Mar 29, 2024
8-K/A
Current Report
Mar 21, 2024
4
Insider Trading
Mar 20, 2024
144
Notice of Insider Sale Intent
Mar 20, 2024
144
Notice of Insider Sale Intent
Mar 20, 2024
4
Insider Trading
Mar 19, 2024
4
Insider Trading
Mar 08, 2024
DEF 14A
DEF 14A
Mar 08, 2024
DEFA14A
DEFA14A

Peers (Alternatives to South State Corp)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
518.6B
171.1B
-6.55% 27.33%
10.47
3.03
60.72% 31.52%
277.4B
130.3B
-2.17% 15.28%
10.46
2.13
79.51% -3.68%
204.6B
85.7B
-1.00% 36.59%
10.69
2.39
41.49% 39.96%
111.2B
133.3B
-0.80% 16.13%
12.05
0.83
79.09% -
15.1B
10.2B
-1.99% 8.44%
9.42
1.48
44.53% -22.43%
13.5B
7.9B
-0.07% 19.35%
13.94
1.7
46.47% -49.56%
MID-CAP
6.6B
4.2B
0.48% 11.63%
7.49
1.58
56.25% -23.46%
5.8B
3.9B
-0.96% 29.19%
8.57
1.48
45.91% -25.03%
3.1B
1.3B
-3.03% 32.01%
11.42
2.4
43.24% -22.35%
3.0B
2.0B
-0.45% 11.20%
16.48
1.54
70.97% -50.03%
SMALL-CAP
497.6M
120.2M
6.68% 49.76%
19.02
4.14
45.65% -13.98%
393.2M
164.9M
-3.99% 28.14%
33.62
2.38
42.66% -70.76%
359.4M
162.6M
-8.71% -4.36%
11.95
2.21
25.39% -38.37%
267.1M
96.6M
-9.56% 1.15%
8.43
2.76
11.02% -11.37%
44.1M
60.9M
1.17% -15.64%
-13.17
0.72
24.06% -144.92%

South State Corp News

Latest updates
Defense World • 3 hours ago
Yahoo Finance • 05 Mar 2024 • 08:00 am

South State Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue3.0%515501478450424376326270267271268278286295181148147150150143144
EBITDA Margin-6.7%1.09*1.17*1.29*1.38*1.43*1.47*1.50*1.50*1.54*1.46*1.41*1.21*---------
Interest Expenses-0.3%354355362381396362316262258260253262266270163128126127127123126
Income Taxes-10.2%30.0033.0034.0039.0039.0038.0033.0027.0028.0031.0029.0041.00-19.4023.00-24.754.009.0013.0010.0011.0013.00
Earnings Before Taxes-13.2%13715715817918317115212713515412818867.00118-10928.0059.0065.0052.0056.0062.00
EBT Margin-11.2%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-14.0%10712412314014413311910010712399.0014786.0095.00-84.9324.0049.0052.0041.0044.0049.00
Net Income Margin-11.3%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-165.5%-28643830552.00150605384574-15.33172-62.68293---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-0.2%44,90244,98944,94044,92443,91945,17946,20746,20241,83840,90440,37639,73037,79037,81937,72516,64315,92215,75215,68315,40714,676
    Cash Equivalents-24.8%9991,3291,5141,9971,3132,9244,8216,1936,7226,2986,4055,9744,6094,4724,3641,263689719852950409
  Net PPE---------------628312317324321323241
  Goodwill0%1,9231,9231,9001,9231,9231,9231,9233421,5811,6001,5811,6001,5641,5671,6031,0031,0031,0031,0031,0031,003
Liabilities-1.0%39,36939,75839,65039,67538,84440,25741,16741,02737,03636,11135,61835,01133,14233,25633,23414,32213,54913,40113,30913,03012,310
Shareholder's Equity5.8%5,5335,2315,2905,2495,0754,9215,0405,1744,8034,7934,7584,7204,6484,5634,4922,3212,3732,3512,3742,3762,366
  Retained Earnings4.1%1,6851,6181,5341,4491,3471,2411,1461,064998925837771657605543643680646609582551
  Additional Paid-In Capital0.0%4,2404,2394,2294,2254,2164,2074,1964,2153,6533,6943,7213,7723,7653,7643,7591,5841,6081,6171,6761,7191,750
Shares Outstanding0.0%76.0076.0076.0076.0076.0076.0073.0071.0070.0071.0071.0071.00---------
Float---4,955---5,771---5,681---3,337---2,512--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-161.0%-274,319449,420312,27559,381154,373610,064387,687578,769-12,322179,378-50,402299,035180,840286,23528,78541,08353,32127,45062,74337,51459,928
  Share Based Compensation-21.1%7,3779,3557,70711,4227,32710,5129,3138,4866,5266,3966,7076,0924,6244,96011,7272,0072,1972,2852,2262,1312,170
Cashflow From Investing37.5%-200,404-320,522-631,666-273,847-1,169,511-833,150-1,364,823-1,492,912-898,638-508,385-161,868-750,370-111,498-149,2251,609,868-119,367-239,409-154,500-323,784-77,360-59,616
Cashflow From Financing146.1%144,463-313,510-163,522898,565-596,508-1,673,711-394,649385,3631,334,208222,818642,6451,816,21768,274-29,0791,462,219652,416155,598-5,727163,421580,454101,362
  Dividend Payments0.3%39,70539,57238,57438,33337,87337,86037,00933,92234,23334,32833,32833,44833,34933,33415,73315,84015,52114,68414,05013,44113,051
  Buy Backs2136.4%8,6553873,6063,41611,9428785,82288,81598,3623.0016280479.001935,58126,57868,19834044534,78568,400

SSB Income Statement

2023-12-31
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income:   
Loans, including fees$ 1,716,405$ 1,178,026$ 990,519
Investment securities:   
Taxable162,907149,79076,850
Tax-exempt23,45522,36110,715
Federal funds sold, securities purchased under agreements to resell and interest-bearing deposits with banks41,63946,8486,720
Total interest income1,944,4061,397,0251,084,804
Interest expense:   
Deposits440,25736,98433,182
Federal funds purchased and securities sold under agreements to repurchase15,5894,5031,189
Corporate and subordinated debentures23,61719,29417,214
Other borrowings12,33557344
Total interest expense491,79861,35451,629
Net interest income1,452,6081,335,6711,033,175
Provision (recovery) for credit losses114,08281,855(165,273)
Net interest income after provision (recovery) for credit losses1,338,5261,253,8161,198,448
Noninterest income:   
Securities gains, net4330102
Other income42,01633,20727,901
Total noninterest income286,906309,247354,252
Noninterest expense:   
Salaries and employee benefits583,398554,704552,030
Occupancy expense88,69589,50192,225
Information services expense84,47279,70174,417
OREO and loan related expense1,7163692,029
Amortization of intangibles27,55833,20535,192
Supplies, printing and postage expense10,5789,6219,659
Professional fees18,54715,33110,629
FDIC assessment and other regulatory charges33,07023,03317,982
FDIC special assessment25,691  
Advertising and marketing9,4748,8887,959
Extinguishment of debt cost  11,706
Merger, branch consolidation and severance related expense13,16230,88867,242
Other expense98,21984,46067,351
Total noninterest expense994,580929,701948,421
Earnings:   
Income before provision for income taxes630,852633,362604,279
Provision for income taxes136,544137,313128,736
Net income$ 494,308$ 496,049$ 475,543
Earnings per common share:   
Basic (in dollars per share)$ 6.50$ 6.65$ 6.76
Diluted (in dollars per share)$ 6.46$ 6.60$ 6.71
Weighted average common shares outstanding:   
Basic (in shares)76,05174,55170,393
Diluted (in shares)76,48075,18170,889
Fees on deposit accounts   
Noninterest income:   
Noninterest income$ 129,015$ 124,810$ 102,756
Mortgage banking income   
Noninterest income:   
Noninterest income13,35517,79064,599
Trust and investment services income   
Noninterest income:   
Noninterest income39,44739,01936,981
Correspondent banking and capital markets income   
Noninterest income:   
Noninterest income49,10178,755110,048
SBA income   
Noninterest income:   
Noninterest income$ 13,929$ 15,636$ 11,865

SSB Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Cash and cash equivalents:  
Cash and due from banks$ 510,922$ 548,387
Federal funds sold and interest-earning deposits with banks236,435580,491
Deposits in other financial institutions (restricted cash)251,520183,685
Total cash and cash equivalents998,8771,312,563
Trading securities, at fair value31,32131,263
Investment securities:  
Securities held to maturity (fair value of $2,084,736 and $2,250,168)2,487,4402,683,241
Securities available for sale, at fair value4,784,3885,326,822
Other investments192,043179,717
Total investment securities7,463,8718,189,780
Loans held for sale50,88828,968
Loans:  
Total loans32,388,48930,177,862
Less allowance for credit losses(456,573)(356,444)
Loans, net31,931,91629,821,418
Other real estate owned8371,023
Bank property held for sale12,40117,754
Premises and equipment, net519,197520,635
Bank owned life insurance ("BOLI")991,454964,708
Deferred tax assets164,354177,801
Derivatives assets172,939211,016
Mortgage servicing rights85,16486,610
Core deposit and other intangibles88,776116,450
Goodwill1,923,1061,923,106
Other assets466,923515,601
Total assets44,902,02443,918,696
Deposits:  
Noninterest-bearing10,649,27413,168,656
Interest-bearing26,399,63523,181,967
Total deposits37,048,90936,350,623
Federal funds purchased248,162213,597
Securities sold under agreements to repurchase241,023342,820
Corporate and subordinated debentures391,904392,275
Other borrowings100,000 
Reserve for unfunded commitments56,30367,215
Derivative liabilities804,4861,034,143
Other liabilities478,139443,096
Total liabilities39,368,92638,843,769
Shareholders' equity:  
Common stock - $2.50 par value; authorized 160,000,000 shares; 76,022,039 and 75,704,563 shares issued and outstanding, respectively190,055189,261
Surplus4,240,4134,215,712
Retained earnings1,685,1661,347,042
Accumulated other comprehensive loss(582,536)(677,088)
Total shareholders' equity5,533,0985,074,927
Total liabilities and shareholders' equity44,902,02443,918,696
Acquired - non-purchased credit deteriorated loans  
Loans:  
Total loans4,796,9135,943,092
Acquired - purchased credit deteriorated loans  
Loans:  
Total loans1,108,8131,429,731
Non-acquired loans  
Loans:  
Total loans$ 26,482,763$ 22,805,039
SSB
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
 WEBSITEsouthstatebank.com
 INDUSTRYBanks Diversified
 EMPLOYEES5162

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 Wed Apr 17 2024, market cap of South State Corp is 5.78 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 Wed Apr 17 2024, SSB's PE ratio (Price to Earnings) is 11.7 and Price to Sales (PS) ratio is 2.97. 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 0.04 (multiply by 100 for percentage) rate of return.