SouthState Corporation (SSB) AI Stock Analysis

• Market Cap: $9.53B
• Dividend Yield: 2.33%
• Average Volume (3M): 1.46M
• Price to Earnings (P/E): 14.0
• Beta (1Y): 1.11
• Revenue Growth: 21.10%
• EPS Growth: 7.74%
• Country: US
• Employees: 6,405
• Sector: Financial
• Sector Strength: 64
• Industry: Banks - Regional
• EPS (TTM): 2.11
• Shares Outstanding: 101,208,984
• 10 Day Avg. Volume: 1,207,979
• 30 Day Avg. Volume: 1,455,682
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.14
• Enterprise Value/Revenue: 4.02
• Enterprise Value/Gross Profit: 6.10
• Enterprise Value/Ebitda: 14.54
• 1Y Price Target: $117.00
• Price Target Upside: 24.31% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 9

• Rating: 79 Outperform
• Price Target: $106.00 ▲(12.62% Upside)

SouthState Corporation's strong financial performance and positive earnings call sentiment are the primary factors driving the high score. The technical indicators present a mixed picture, but the attractive valuation supports investor interest. Despite some concerns about future deposit costs and economic uncertainty, the company's robust growth metrics and strategic achievements underpin its investment appeal.

Positive Factors

Operational and Earnings Outlook

The improved operational and earnings outlook offers a clearly positive risk/reward at today's share price.

Profitability

Stronger-than-expected NIM and a stronger correspondent banking outlook are expected to drive stronger earnings than most peers.

Stock Valuation

The valuation of SSB shares is seen as compelling, with a projected 27% TBV growth rate.

Negative Factors

Operational Challenges

The footprint extension into Texas and Denver increases the potential operational turbulence.

SouthState Corporation Business Overview & Revenue Model

Company Description

SouthState Corporation (SSB) is a regional bank holding company headquartered in Winter Haven, Florida. The company operates through its banking subsidiary, SouthState Bank, which provides a full range of banking services to individuals, small businesses, and commercial clients. Its core products and services include personal and commercial banking, mortgage and lending solutions, wealth management, and trust services. SouthState Corporation primarily serves the Southeastern United States, with branches across Florida, Georgia, Alabama, the Carolinas, and Virginia.

How the Company Makes Money

SouthState Corporation primarily generates revenue through interest income from its loan portfolio, which includes personal loans, commercial loans, and mortgages. The company also earns non-interest income from fees and services related to deposit accounts, wealth management, and other financial services. Additionally, SouthState Bank benefits from treasury management services, card services, and trust and investment services, which contribute to its overall earnings. Key revenue streams include net interest income, which is the difference between the interest earned on loans and the interest paid on deposits, and non-interest income derived from service charges and fees. The company's financial performance is influenced by factors such as interest rates, economic conditions, and regulatory changes. Partnerships with financial service providers and technology platforms also play a role in enhancing SouthState's service offerings and revenue potential.

SouthState Corporation Financial Statement Overview

Summary

SouthState Corporation exhibits strong financial standing with consistent revenue growth and robust profitability margins. The balance sheet reflects stability with prudent leverage, while cash flows indicate efficient capital management despite some fluctuations. Monitoring EBIT performance and operational cash flow is necessary to maintain its strong financial trajectory.

Income Statement

SouthState Corporation's income statement reflects strong financial performance with consistently improving revenue, marked by a 21.6% growth in TTM revenue compared to the previous year. The gross profit margin is robust at 65.9%, indicating efficient management of production costs. The net profit margin remains healthy at 18.9%, supported by a stable EBIT margin of 24.8% and EBITDA margin of 27.6%. However, a slight decline in EBIT from the previous year requires monitoring.

Balance Sheet

The balance sheet is solid with a relatively low debt-to-equity ratio of 0.17, suggesting prudent leverage levels. The equity ratio is strong at 13.2%, indicating a stable financial position. The company also boasts a high return on equity of 5.9%, showcasing effective use of shareholder equity, although this is on a lower side for the banking sector. The substantial increase in stockholders' equity reflects positive growth, yet the total liabilities have also increased, which could imply potential risk if not managed carefully.

Cash Flow

Cash flow analysis reveals strong operational cash generation with a TTM operating cash flow of $108 million, though it has decreased from the previous year. Free cash flow has grown by 83.3%, indicating effective capital management. The operating cash flow to net income ratio is 0.21, reflecting solid cash conversion efficiency. Despite the positive trends, the decrease in operating cash flow compared to prior periods requires attention.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.39B	2.19B	1.67B	1.42B	1.21B
Gross Profit	1.65B	1.59B	1.53B	1.53B	890.33M
EBITDA	756.95M	689.68M	697.95M	667.42M	150.34M
Net Income	534.78M	494.31M	496.05M	475.54M	120.63M
Balance Sheet
Total Assets	46.38B	44.90B	43.92B	41.84B	37.79B
Cash, Cash Equivalents and Short-Term Investments	898.68M	5.55B	6.06B	5.90B	4.36B
Total Debt	896.14M	970.78M	938.38M	1.10B	1.16B
Total Liabilities	40.49B	39.37B	38.84B	37.04B	33.14B
Stockholders Equity	5.89B	5.53B	5.07B	4.80B	4.65B
Cash Flow
Free Cash Flow	476.15M	507.87M	1.71B	387.27M	520.01M
Operating Cash Flow	511.96M	546.76M	1.73B	415.69M	536.94M
Investing Cash Flow	-886.18M	-1.43B	-4.86B	-2.32B	1.23B
Financing Cash Flow	767.41M	566.00M	-2.28B	4.02B	2.15B

SouthState Corporation Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 94.12
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SSB, the sentiment is Negative. The current price of 94.12 is below the 20-day moving average (MA) of 96.67, above the 50-day MA of 92.34, and below the 200-day MA of 95.86, indicating a neutral trend. The MACD of 0.51 indicates Positive momentum. The RSI at 45.26 is Neutral, neither overbought nor oversold. The STOCH value of 17.84 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SSB.

SouthState Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WBS	79 Outperform	$9.53B	11.51	9.49%	2.82%	4.65%	7.12%
SSB	79 Outperform	$9.53B	13.99	8.19%	2.33%	21.10%	7.74%
FHN	76 Outperform	$11.00B	14.02	9.57%	2.81%	-2.92%	28.87%
CBSH	74 Outperform	$8.11B	14.67	16.36%	1.78%	14.15%	17.71%
CFR	73 Outperform	$8.08B	13.52	15.34%	3.07%	4.04%	13.30%
GGAL	71 Outperform	$8.28B	5.49	28.17%	2.25%	-35.65%	70.23%
Sector *	62 Neutral	C$15.25B	6.94	19.04%	5.61%	33.32%	-34.51%

SouthState Corporation Corporate Events

SouthState Corporation Reports Strong Q2 2025 Results

On July 24, 2025, SouthState Corporation announced its second quarter 2025 financial results, highlighting a 22% annualized revenue growth and a 57% increase in loan originations. The company successfully completed the conversion of the IBTX franchise, enhancing its operations in Texas and Colorado. As a result of strong financial performance, the Board of Directors approved an 11% increase in the quarterly cash dividend, raising it from $0.54 to $0.60 per share, payable on August 15, 2025. This strategic move underscores SouthState’s commitment to delivering shareholder value and supporting future growth.

The most recent analyst rating on (SSB) stock is a Buy with a $112.00 price target. To see the full list of analyst forecasts on SouthState Corporation stock, see the SSB Stock Forecast page.

SouthState Corporation to Announce Q2 2025 Earnings

SouthState Corporation, a financial services company, announced that it will release its second quarter 2025 earnings results on July 24, 2025, after the market closes. The company will host a conference call the following day to discuss the results, and investors can access the earnings report and webcast through the company’s website.

The most recent analyst rating on (SSB) stock is a Buy with a $112.00 price target. To see the full list of analyst forecasts on SouthState Corporation stock, see the SSB Stock Forecast page.

SouthState Corporation Issues $350M Subordinated Notes

SouthState Corporation announced the issuance of $350 million in 7.000% Fixed-to-Floating Rate Subordinated Notes due 2035. The Notes will initially bear interest at a fixed rate until 2030, after which they will switch to a floating rate. This financial move, formalized through an Indenture with U.S. Bank Trust Company, aims to bolster the company’s financial strategy and market positioning.

The most recent analyst rating on (SSB) stock is a Buy with a $112.00 price target. To see the full list of analyst forecasts on SouthState Corporation stock, see the SSB Stock Forecast page.

SouthState Corporation’s $350M Subordinated Notes Offering

On June 10, 2025, SouthState Corporation entered into an underwriting agreement with Morgan Stanley & Co. LLC, Piper Sandler & Co., and Keefe, Bruyette & Woods, Inc. to sell $350,000,000 of its 7.000% Fixed-to-Floating Rate Subordinated Notes due 2035. This transaction is part of a registered public offering, indicating a strategic move to raise capital, which may impact the company’s financial positioning and stakeholder interests.

The most recent analyst rating on (SSB) stock is a Buy with a $112.00 price target. To see the full list of analyst forecasts on SouthState Corporation stock, see the SSB Stock Forecast page.