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SouthState Corporation (SSB)
NYSE:SSB
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.85Last Year’s EPS
1.73Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: -1.88%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with significant improvements in net interest margin and earnings performance. Strategic moves have strengthened the company's capital position, although balance sheet growth and noninterest income were below expectations. Uncertainties related to tariffs and conversion challenges remain, but overall, the highlights significantly outweigh the lowlights.Company Guidance
In the first quarter of fiscal year 2025, SouthState Corporation implemented three strategic capital initiatives that significantly impacted their financial performance. These initiatives included closing an independent financial transaction, executing a sale leaseback of bank branches, and restructuring their securities portfolio. These moves resulted in a higher net interest margin of 3.85%, driving an adjusted return on assets to 1.38% and return on tangible common equity to approximately 20%. Despite a slowdown in balance sheet growth due to normal seasonality, economic conditions, and competition in loan pricing, the bank's pre-provision net revenue per share increased by 25% over the past year. The asset quality remained stable with nonaccruals and substandard loans consistent, and net charge-offs were just four basis points. Moreover, the acquisition closing positioned the bank with higher capital ratios than initially modeled, allowing for rapid capital accumulation and strategic flexibility, whether for defense or growth, in the face of potential tariff impacts on the bank’s growth trajectory.Improved Net Interest Margin
SouthState Corporation achieved a net interest margin of 3.85%, an improvement of 37 basis points from the previous quarter, driven by better-than-expected deposit costs and strategic moves.
Strong Earnings Performance
The company reported an adjusted return on assets of 1.38% and an impressive return on tangible common equity of approximately 20%, with PPNR per share growing by 25% over the past year.
Successful Strategic Capital Moves
Completion of three strategic capital moves: the closing of the independent financial transaction, a sale leaseback of bank branches, and a securities portfolio restructuring.
Loan Yield Improvement
Loan yield improved to 6.25%, which is close to peer median loan yields, with new loan origination rates at 6.90%.
Capital Position and Growth Prospects
Higher-than-expected capital ratios post-acquisition, with a CET1 ratio of 11%, providing flexibility for future growth or defense.
SSB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SSB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 24, 2025 | $89.21 | $86.83 | -2.67% |
Jan 23, 2025 | $97.50 | $102.53 | +5.16% |
Oct 23, 2024 | $95.10 | $96.50 | +1.47% |
Jul 24, 2024 | $89.70 | $95.16 | +6.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does SouthState Corporation (SSB) report earnings?
SouthState Corporation (SSB) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is SouthState Corporation (SSB) earnings time?
SouthState Corporation (SSB) earnings time is at Jul 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SSB EPS forecast?
SSB EPS forecast for the fiscal quarter 2025 (Q2) is 1.85.