South State

South State Corp. is a bank and financial holding company, which engages in the provision of banking services and products to customers through its subsidiary. Its services include demand, time, and savings deposits, lending and credit card servicing, ATM processing, mortgage banking services, correspondent banking services and wealth management, and trust services. The company was founded in 1985 and is headquartered in Winter Haven, FL.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

South State (SSB) reports strong Q4 performance and growth opportunities

South State (SSB) demonstrated robust financial performance in Q4 2022, emphasizing prudent risk management and growth strategies. While challenges in deposit decline and economic uncertainties persist, the bank's focus on effective integration and revenue enhancement opportunities position it for future success.

South State (SSB) reports robust Q1 earnings amidst deposit cost challenges

South State (SSB) navigated Q1 2023 with strong financial performance, focusing on liquidity, capital preservation, and asset quality. Despite challenges in deposit costs, the company is well-positioned to capitalize on opportunities for growth and improved profitability.

South State (SSB) reports robust Q2 performance amidst market challenges

South State's Q2 performance reflects resilience and strategic positioning in dynamic market conditions. With a focus on high-growth markets and prudent financial management, the company navigates challenges while leveraging opportunities for expansion and profitability.

South State (SSB) reports solid Q3 results, eyes M&A opportunities

South State's Q3 performance reflects resilience amidst challenges, with a focus on managing credit risks and seizing post-cycle opportunities. The company's strategic outlook includes potential M&A moves and a cautious yet opportunistic approach to growth.

South State (SSB) reports steady growth and strategic resilience

South State demonstrated solid financial performance with growth in loans and deposits.
The company's focus on enhancing experiences and leveraging technology bodes well for future growth.
Challenges like regulatory impacts and deposit pricing strategies are being actively addressed.
Opportunities exist for optimizing capital usage and addressing future rate changes strategically.

South State (SSB) reports modest growth, eyes margin expansion

SSB's Q1 2024 performance showed positive loan and deposit growth, with fee income increases.
Challenges include increased provision for credit losses and a decrease in the construction development portfolio.
Opportunities lie in potential margin expansion and loan repricing strategies.
Maintained healthy capital ratios and anticipate positive second-quarter performance in mortgage.

South State (SSB) reports strong Q2 earnings, eyes strategic growth

South State Corporation (SSB) demonstrated robust financial performance in Q2 2024, driven by improved margins, revenue growth, and effective cost management.
The upcoming financial transaction with Independent Financial holds promise for unlocking earnings potential and reshaping SSB's financial landscape.
While facing challenges in areas like loan growth and credit quality, SSB has opportunities to capitalize on strategic initiatives and operational strengths for sustained growth.

South State (SSB) reports strong Q3 growth and strategic partnerships

South State Corporation demonstrated robust performance in Q3 2024 despite facing operational challenges from the hurricane season.
The company's strategic focus on partnerships, growth strategies, and financial metrics positions them well for future opportunities.
Analysts' inquiries into key financial aspects reflect market interest and the company's proactive approach to addressing challenges.

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SouthState Corp. is a bank and financial holding company, which engages in the provision of banking services and products to customers through its subsidiary. Its services include demand, time, and savings deposits, lending and credit card servicing, ATM processing, mortgage banking services, correspondent banking services and wealth management, and trust services. The company was founded in 1985 and is headquartered in Winter Haven, FL.

SouthState Corporation (NYSE:SSB ) Q3 2024 Earnings Conference Call October 24, 2024 9:00 AM ET Company Participants William Matthews - Chief Financial Officer John Corbett - Chief Executive Officer Stephen Young - Chief Strategy Officer Conference Call Participants Catherine Mealor - KBW Stephen Scouten - Piper Sandler Michael Rose - Raymond James Justin Marca - Hovde Group Ben Gerlinger - Citi Gary Tenner - D.A. Davidson Operator Thank you for standing by.

SouthState Corporation (SSB) Q3 2024 Earnings Call Transcript

While the top- and bottom-line numbers for SouthState (SSB) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About SouthState (SSB) Q3 Earnings

SouthState (SSB) came out with quarterly earnings of $1.90 per share, beating the Zacks Consensus Estimate of $1.67 per share. This compares to earnings of $1.62 per share a year ago.

SouthState (SSB) Tops Q3 Earnings Estimates

WINTER HAVEN, Fla. , Oct. 23, 2024 /PRNewswire/ -- SouthState Corporation (NYSE: SSB) today released its unaudited results of operations and other financial information for the three-month and nine-month periods ended September 30, 2024.

SouthState Corporation Reports Third Quarter 2024 Results, Declares Quarterly Cash Dividend

Blend Labs

SAN FRANCISCO--(BUSINESS WIRE)--Blend, the leading origination platform for digital banking solutions, is pleased to announce the successful implementation of its Close solution at SouthState Bank (SouthState), resulting in significant enhancements to borrower experience and operational efficiency. SouthState, a regional bank with $44 billion in assets and over 1 million customers across the southeastern United States, sought Blend's Close solution to overcome the inefficiencies of its traditio.

SouthState Bank Transforms Mortgage Operations with Blend Close

Get a deeper insight into the potential performance of SouthState (SSB) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Insights Into SouthState (SSB) Q3: Wall Street Projections for Key Metrics

SouthState (SSB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

SouthState (SSB) Reports Next Week: Wall Street Expects Earnings Growth

WINTER HAVEN, Fla. , Oct. 4, 2024 /PRNewswire/ -- SouthState Corporation (NYSE: SSB) ("SouthState") announced today that it will release third quarter 2024 earnings results on Wednesday, October 23, 2024, after the market closes.

SouthState Corporation to Announce Quarterly Earnings Results on Wednesday, October 23, 2024

Shares of leading Southern bank SouthState Corporation have done well since funding cost headwinds began battering U.S. banks in early 2023. SouthState has an enviable deposit franchise, while its geographic footprint leaves it with attractive growth potential. As with most banks, net interest income has been subdued here recently, but the bank's headwinds are now largely behind it.

SouthState Corporation: Strong Growth Prospects Can Power An Attractive Investment Case

Renasant

UMB Financial

Regional banks like SSB, UMBF and RNST are resorting to M&A deals to bolster their balance sheet amid deposit competition.

Regional Banks Ramp Up M&A Deals to Strengthen Balance Sheet

SouthState Corporation (SSB) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, SSB's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.

SouthState (SSB) Now Trades Above Golden Cross: Time to Buy?

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1st Source

The article presents upcoming dividend increases, with an average increase of 7.1% and a median of 5.9%. Investment strategy involves buying companies with a consistent dividend growth history and beating benchmarks for long-term portfolio success. Data is sourced from the U.S. Dividend Champions spreadsheet and NASDAQ for companies with at least 5 years of dividend growth.

7 Upcoming Dividend Increases

WINTER HAVEN, Fla. , July 25, 2024 /PRNewswire/ -- SouthState Corporation (NYSE: SSB) announced today that Merriann Metz was appointed to the board of directors of both the company and its bank subsidiary, SouthState Bank, N.A.

SouthState Corporation adds Merriann Metz, Publix General Counsel and Chief Compliance Officer, to Board

The headline numbers for SouthState (SSB) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

SouthState (SSB) Reports Q2 Earnings: What Key Metrics Have to Say

SouthState (SSB) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.53 per share. This compares to earnings of $1.63 per share a year ago.

SouthState (SSB) Tops Q2 Earnings and Revenue Estimates

WINTER HAVEN, Fla. , July 24, 2024 /PRNewswire/ -- SouthState Corporation (NYSE: SSB) today released its unaudited results of operations and other financial information for the three-month and six-month periods ended June 30, 2024.

SouthState Corporation Reports Second Quarter 2024 Results, Declares an Increase in the Quarterly Cash Dividend

WINTER HAVEN, Fla. , July 23, 2024 /PRNewswire/ -- SouthState Bank has earned the "America's Best Mid-Size Companies" award from TIME Magazine, being one of the select few regional banks to receive the award.

SouthState earns "America's Best Mid-Size Companies" award from TIME Magazine

Independent Bank Group

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Independent Bank Group, Inc. (NasdaqGS: IBTX) to SouthState Corporation (NYSE: SSB). Under the terms of the proposed transaction, shareholders of Independent will receive 0.60 shares of SouthState for each share of Independent that they own. KSF is seeking to determine whether this consideration and the proces.

INDEPENDENT BANK INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Independent Bank Group, Inc. - IBTX

SouthState (SSB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: SouthState (SSB) Q2 Earnings Expected to Decline

WINTER HAVEN, Fla. , July 8, 2024 /PRNewswire/ -- SouthState Corporation (NYSE: SSB) ("SouthState") announced today that it will release second quarter 2024 earnings results on Wednesday, July 24, 2024, after the market closes.

SouthState Corporation to Announce Quarterly Earnings Results on Wednesday, July 24, 2024

NEW YORK , July 1, 2024 /PRNewswire/ -- Affiliates of Cantor Fitzgerald, L.P., ("Cantor Fitzgerald"), a leading global financial services firm and real assets investment company, and Silverstein Properties ("Silverstein"), a leading global full-service real estate development, investment, and management firm, announced that they have entered into a joint venture with Turnbull Development, LLC, a Charleston-based development firm.

Cantor Fitzgerald and Silverstein Properties Announce Joint Venture with Turnbull Development, LLC for Opportunity Zone Development in Summerville, SC

SouthState continues to aggressively pursue growth across the Southeastern U.S., and the acquisition of Independent Bank gives the company a foothold in the attractive Texas market. IBTX will give SouthState some attractive growth leverage, and long-term funding and margin improvement opportunities, but a retail and office-heavy portfolio is a near-term risk. I expected around 7% core earnings growth from SouthState before the deal, supporting a fair value in the low-$80's, and I think IBTX will be a value-adding deal over time.

SouthState Bank Keeping Its Foot Firmly On The Accelerator

WINTER HAVEN, Fla. , June 10, 2024 /PRNewswire/ -- SouthState Bank has announced the addition of seven new commercial and private bankers in its growing Georgia market.

SouthState Welcomes Slate of Seven Georgia Bankers

SouthState (SSB) announces a deal to acquire Independent Bank. This deal is set to help SSB to fortify its loans and deposit base and expand its geographical locations.

SouthState (SSB) to Acquire Independent Bank for $2 Billion

NEW YORK , May 20, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Independent Bank Group, Inc. (NASDAQ: IBTX) and its board of directors concerning the proposed acquisition of the company by SouthState Corporation (NYSE: SSB). Stockholders will receive 0.60 shares of SouthState common stock for each share of Independent Bank Group stock that they hold.

News for South State Stock (SSB)