SouthState Corporation (SSB) AI Stock Analysis

• Market Cap: $9.83B
• Dividend Yield: 2.38%
• Average Volume (3M): 705.28K
• Price to Earnings (P/E): 13.4
• Beta (1Y): 0.92
• Revenue Growth: 33.87%
• EPS Growth: 12.26%
• Country: US
• Employees: 6,405
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 2.42
• Shares Outstanding: 100,515,360
• 10 Day Avg. Volume: 550,855
• 30 Day Avg. Volume: 705,281
• PEG Ratio: 1.81
• Price to Book (P/B): 1.29
• Price to Sales (P/S): 3.17
• P/FCF Ratio: 15.94
• Enterprise Value/Market Cap: 1.14
• Enterprise Value/Revenue: 3.33
• Enterprise Value/Gross Profit: 4.95
• Enterprise Value/Ebitda: 10.71
• 1Y Price Target: $115.64
• Price Target Upside: 19.58% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 11
• EPS Forecast (FY): 9.3
• Revenue Forecast (FY): $2.75B

• Rating: 79 Outperform
• Price Target: $106.00 ▲(9.62% Upside)

SouthState Corporation's strong financial performance and positive earnings call are the most significant factors driving the score. The stock's reasonable valuation and technical indicators support a stable outlook, though rising deposit costs and a large loan charge-off present minor risks.

Positive Factors

Revenue Growth

Consistent revenue growth indicates robust business expansion, enhancing market position and supporting long-term financial stability.

Loan Production Growth

Significant loan production growth in key regions suggests effective market penetration and potential for sustained revenue increases.

Strong Cash Flow Management

Exceptional cash flow management enhances financial flexibility, supporting strategic investments and operational resilience.

Negative Factors

Large Loan Charge-Off

Significant loan charge-offs can impact profitability and indicate potential credit risk, affecting long-term financial health.

Increased Cost of Deposits

Rising deposit costs may pressure net interest margins, impacting profitability and competitive positioning over time.

Decline in Gross Profit Margin

A declining gross profit margin suggests cost pressures, potentially affecting operational efficiency and long-term profitability.

SouthState Corporation Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

SouthState Corporation generates revenue primarily through interest income and non-interest income. The main revenue stream comes from the interest earned on loans and securities, with the bank providing various types of loans, including commercial, residential, and consumer loans. Additionally, the company earns non-interest income through service fees, mortgage origination fees, wealth management fees, and transaction-based services. Significant partnerships with local businesses and community organizations enhance customer acquisition and retention, contributing to its earnings. Furthermore, the bank's focus on expanding its footprint in the Southeast through strategic acquisitions and organic growth supports its overall financial performance.

SouthState Corporation Financial Statement Overview

Summary

SouthState Corporation shows strong revenue growth and a solid balance sheet, which are positive indicators of financial health. However, declining profit margins and cash flow challenges could pose risks if not addressed. The company should focus on improving operational efficiency and cash flow management to sustain its growth trajectory.

Income Statement

SouthState Corporation shows strong revenue growth with an 11.89% increase in TTM, indicating robust business expansion. The gross profit margin is healthy at 66.69%, though slightly lower than previous years. Net profit margin has decreased to 19.59% from 22.35% in the previous year, suggesting some pressure on profitability. EBIT and EBITDA margins have also declined, reflecting increased operational costs or other financial pressures.

Balance Sheet

The company maintains a solid balance sheet with a low debt-to-equity ratio of 0.20, indicating prudent financial leverage. Return on equity is stable at 8.10%, showing consistent shareholder returns. The equity ratio remains strong, highlighting a solid capital structure and financial stability.

Cash Flow

Cash flow performance is mixed, with a significant decline in free cash flow growth at -99.86% TTM, indicating potential liquidity challenges. The operating cash flow to net income ratio is very low at 0.10%, suggesting limited cash generation relative to net income. However, the free cash flow to net income ratio remains positive, albeit at a low level.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.38B	2.39B	2.19B	1.67B	1.42B	1.21B
Gross Profit	2.27B	1.65B	1.59B	1.53B	1.53B	890.33M
EBITDA	1.05B	756.95M	689.68M	697.95M	667.42M	150.34M
Net Income	695.12M	534.78M	494.31M	496.05M	475.54M	120.63M
Balance Sheet
Total Assets	66.05B	46.38B	44.90B	43.92B	41.84B	37.79B
Cash, Cash Equivalents and Short-Term Investments	892.92M	898.68M	5.55B	6.06B	5.90B	4.36B
Total Debt	1.29B	896.14M	970.78M	938.38M	1.10B	1.16B
Total Liabilities	57.04B	40.49B	39.37B	38.84B	37.04B	33.14B
Stockholders Equity	9.01B	5.89B	5.53B	5.07B	4.80B	4.65B
Cash Flow
Free Cash Flow	409.67M	476.15M	507.87M	1.71B	387.27M	520.01M
Operating Cash Flow	423.08M	511.96M	546.76M	1.73B	415.69M	536.94M
Investing Cash Flow	844.07M	-886.18M	-1.43B	-4.86B	-2.32B	1.23B
Financing Cash Flow	664.63M	767.41M	566.00M	-2.28B	4.02B	2.15B

SouthState Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 96.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SSB, the sentiment is Positive. The current price of 96.7 is above the 20-day moving average (MA) of 96.47, above the 50-day MA of 92.47, and above the 200-day MA of 92.28, indicating a bullish trend. The MACD of 1.14 indicates Positive momentum. The RSI at 61.19 is Neutral, neither overbought nor oversold. The STOCH value of 64.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SSB.

SouthState Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SSB	79 Outperform	$9.83B	13.43	9.32%	2.38%	33.87%	12.26%
WTFC	78 Outperform	$9.67B	13.26	11.69%	1.40%	3.58%	13.93%
UMBF	77 Outperform	$9.17B	13.66	11.06%	1.37%	38.81%	10.38%
WBS	76 Outperform	$10.26B	11.85	9.80%	2.49%	4.78%	21.68%
WAL	71 Outperform	$9.72B	10.92	12.79%	1.80%	6.30%	25.28%
FHN	68 Neutral	$11.84B	14.56	9.87%	2.44%	-4.51%	20.78%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

SouthState Corporation Corporate Events

SouthState Corporation Schedules Fourth Quarter 2025 Earnings Release

On January 5, 2026, SouthState Bank Corporation announced that it would release its fourth quarter 2025 earnings results after the market close on Thursday, January 22, 2026, with the report to be made available on the company’s investor relations website. The bank also scheduled a conference call and live webcast for Friday, January 23, 2026, at 9:00 a.m. ET, to discuss the quarterly results, with an audio replay to be posted later that day, underscoring its efforts to provide transparency and accessibility to investors and analysts ahead of a key financial reporting date.

The most recent analyst rating on (SSB) stock is a Buy with a $122.00 price target. To see the full list of analyst forecasts on SouthState Corporation stock, see the SSB Stock Forecast page.

SouthState Corporation Reports Strong Q3 Earnings Growth

On October 22, 2025, SouthState Corporation reported its third-quarter results, highlighting a 30% year-over-year increase in earnings per share, driven by revenue growth and successful integration of Independent Financial. The company declared a quarterly cash dividend of $0.60 per share, payable on November 14, 2025. Key performance metrics included a net income of $246.6 million, a return on average tangible common equity of 20%, and a 5% increase in both loans and deposits. These results underscore SouthState’s robust financial health and strategic positioning in the market.

The most recent analyst rating on (SSB) stock is a Buy with a $108.00 price target. To see the full list of analyst forecasts on SouthState Corporation stock, see the SSB Stock Forecast page.