SouthState Corporation (SSB)
NYSE:SSB
Want to see SSB full AI Analyst Report?
Top Page
SouthState Corporation
(NYSE:SSB)
Select Model
Select Model
Rating:74Outperform
Price Target:
$109.00
â–²(9.08% Upside)
Action:Reiterated
Date:05/02/26
The score is driven primarily by solid financial performance (strong profitability and conservative balance sheet) tempered by cash flow volatility. Valuation is supportive with a low P/E and a reasonable dividend yield. Technicals are neutral, while the latest earnings call adds a positive tilt from strong loan momentum and capital returns despite modest NIM/funding headwinds.
Positive Factors
Strong profitability metrics
Sustained high ROA and ROTCE signal the franchise consistently generates economic profits and internal capital. That profitability underpins durable dividend capacity, buybacks, and reserve funding, and provides a buffer through credit cycles that supports long-term earnings stability.
Negative Factors
Deposit and funding cost pressure
Structurally higher deposit costs in faster-growth markets and competitive funding conditions compress net interest margins. Persistently elevated beta and regional funding dispersion can erode NII and limit margin expansion, making long-term earnings sensitive to deposit mix and funding strategy.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability metrics
Sustained high ROA and ROTCE signal the franchise consistently generates economic profits and internal capital. That profitability underpins durable dividend capacity, buybacks, and reserve funding, and provides a buffer through credit cycles that supports long-term earnings stability.
Read all positive factors
SouthState Corporation Key Performance Indicators (KPIs)
SouthState Corporation (SSB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.15B
Dividend Yield2.38%
Average Volume (3M)853.18K
Price to Earnings (P/E)10.1
Beta (1Y)0.98
Revenue Growth49.78%
EPS Growth46.17%
CountryUS
Employees6,405
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)9.33
Shares Outstanding97,668,045
10 Day Avg. Volume883,650
30 Day Avg. Volume853,181
Financial Highlights & Ratios
PEG Ratio0.91
Price to Book (P/B)1.04
Price to Sales (P/S)2.51
P/FCF Ratio-17.37
Enterprise Value/Market Cap1.11
Enterprise Value/Revenue2.68
Enterprise Value/Gross Profit3.77
Enterprise Value/Ebitda7.77
Forecast
1Y Price Target
$113.83Price Target Upside13.91% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)9.46
Revenue Forecast (FY)$2.74B
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-bea...
How the Company Makes Money
SouthState primarily makes money through a traditional bank revenue model centered on (1) net interest income and (2) noninterest income. Net interest income is earned from the spread between interest collected on loans and other interest-earning ...
SouthState Corporation Earnings Call Summary
Earnings Call Date:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call presented a predominantly positive picture: strong profitability (ROA and ROTCE), robust and broad-based loan growth with a materially expanded pipeline (including outsized gains in Texas and Colorado), improving fee revenue and deliberate capital returns through buybacks that reduced share count and increased tangible book value. Offsetting items were modest: a small NIM miss driven by deposit competition and day-count/acceleration effects on NII and accretion, elevated short‑term payout activity, and near-term rate/funding volatility. Credit quality remained stable. On balance, the positive operational momentum and capital strength outweigh the transitory margin and funding pressures.Positive Updates
Strong Profitability Metrics
Return on assets of 1.37% and return on tangible common equity of 17.6% for Q1 2026, indicating healthy profitability and capital returns.
Negative Updates
Net Interest Margin Slightly Below Guidance
NIM of 3.79% missed the prior 3.80%–3.90% guidance by a few basis points; guidance was adjusted to an expected 3.75%–3.80% range reflecting deposit competition and growth dynamics.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Profitability Metrics
Return on assets of 1.37% and return on tangible common equity of 17.6% for Q1 2026, indicating healthy profitability and capital returns.
Read all positive updates
Company Guidance
Management updated and quantified its outlook: NIM guidance was trimmed to about 3.75–3.80% (from 3.80–3.90%) due to deposit competition and faster growth, with net interest income of $562M in Q1 (down $19M QoQ), accretion of $38.8M this quarter and a full‑year accretion target of roughly $125M; interest‑earning assets were forecast at $61–62B average (could end near $63–64B). Loan pipelines are strong (up ~33% vs. year‑end and ~50% since last summer), supporting prior mid‑ to upper‑single‑digit loan growth guidance and an upside bias—Q1 loan growth was $896M (7.5% annualized; average loans +6.5%), with record production near $3.8–4.0B and Texas/Colorado production rising from $500M in 1Q25 to $1.1B in 1Q26. Deposit dynamics: deposit beta ran ~20% this quarter (originally modeled at 27%), with new money market rates ~2.68% and new/renewed CD rates ~3.69%; management expects deposit cost in the mid‑170s bps (legacy Southeast ~mid‑140s; Texas/CO ~210 bps). Other metrics and guidance: noninterest income $100M (61 bps of avg assets; correspondent revenue ~ $24–25M/qtr), NIE guidance unchanged with ~4% expense growth target, net charge‑offs $10M (9 bps annualized), CET1 11.3%, TCE 8.64%, tangible book $56.90 (+14% YoY), repurchased 1.5M shares in Q1 at $100.84 (3.5M in last two quarters), share count 97.9M, and a medium‑to‑long‑term payout target of 40–60% (Q1 payout ~93%).SouthState Corporation Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.78B | 3.76B | 2.39B | 2.19B | 1.67B | 1.42B |
| Gross Profit | 2.69B | 2.57B | 1.65B | 1.59B | 1.53B | 1.53B |
| EBITDA | 1.31B | 1.17B | 756.95M | 689.68M | 697.95M | 667.42M |
| Net Income | 935.41M | 798.67M | 534.78M | 494.31M | 496.05M | 475.54M |
Balance Sheet | ||||||
| Total Assets | 67.98B | 67.20B | 46.38B | 44.90B | 43.92B | 41.84B |
| Cash, Cash Equivalents and Short-Term Investments | 7.13B | 6.90B | 898.68M | 5.55B | 6.06B | 5.90B |
| Total Debt | 1.34B | 1.31B | 896.14M | 970.78M | 938.38M | 1.10B |
| Total Liabilities | 58.95B | 58.14B | 40.49B | 39.37B | 38.84B | 37.04B |
| Stockholders Equity | 9.03B | 9.06B | 5.89B | 5.53B | 5.07B | 4.80B |
Cash Flow | ||||||
| Free Cash Flow | 575.94M | -542.00M | 476.15M | 507.87M | 1.71B | 387.27M |
| Operating Cash Flow | 595.78M | -471.75M | 511.96M | 546.76M | 1.73B | 415.69M |
| Investing Cash Flow | -2.85B | 792.19M | -886.18M | -1.43B | -4.86B | -2.32B |
| Financing Cash Flow | 1.82B | 1.46B | 767.41M | 566.00M | -2.28B | 4.02B |
SouthState Corporation Technical Analysis
Positive
99.93
Price Trends
97.12
Positive
96.41
Positive
95.52
Positive
Market Momentum
1.08
Negative
64.41
Neutral
77.26
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 99.93 is above the 20-day moving average (MA) of 94.44, above the 50-day MA of 97.12, and above the 200-day MA of 95.52, indicating a bullish trend. The MACD of 1.08 indicates Negative momentum. The RSI at 64.41 is Neutral, neither overbought nor oversold. The STOCH value of 77.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SSB.
SouthState Corporation Risk Analysis
SouthState Corporation disclosed 67 risk factors in its most recent earnings report. SouthState Corporation reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
SouthState Corporation Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $9.99B | 10.27 | 11.93% | 1.40% | 6.64% | 17.78% | |
78 Outperform | $9.80B | 8.21 | 11.67% | 1.37% | 41.57% | 41.57% | |
76 Outperform | $11.66B | 11.24 | 10.80% | 2.49% | 5.84% | 37.42% | |
74 Outperform | $9.15B | 10.09 | 10.42% | 2.38% | 49.78% | 46.17% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $11.34B | 10.38 | 11.43% | 2.44% | 1.24% | 39.59% | |
62 Neutral | $8.47B | 10.15 | 13.19% | 1.80% | 10.29% | 17.94% |
* Financial Sector Average
SSB
SouthState Corporation
93.68
4.33
4.84%
FHN
First Horizon
23.90
4.26
21.70%
UMBF
UMB Financial
128.98
22.56
21.20%
WBS
Webster Financial
71.98
20.41
39.59%
WTFC
Wintrust Financial
148.15
27.37
22.66%
WAL
Western Alliance
77.56
-0.60
-0.77%
SouthState Corporation Corporate Events
Stock BuybackDividendsFinancial Disclosures
SouthState Corporation Reports Strong First-Quarter 2026 Results
Positive
Apr 23, 2026
On April 23, 2026, SouthState Bank Corporation reported unaudited results for the first quarter ended March 31, 2026, highlighting solid loan and deposit growth, strong profitability, and resilient credit quality. The bank posted net income of $22...
Executive/Board ChangesShareholder Meetings
SouthState Shareholders Reelect Board and Approve Key Proposals
Positive
Apr 15, 2026
SouthState Corporation reported that shareholders held their annual meeting on April 15, 2026, with 89,112,621 of 98,267,342 eligible shares represented in person or by proxy. All incumbent directors standing for election were reappointed to serve...
Financial Disclosures
SouthState Corporation Schedules First Quarter 2026 Earnings Release
Neutral
Apr 3, 2026
SouthState Bank Corporation announced on April 3, 2026, that it planned to release its first quarter 2026 earnings results after the market close on Thursday, April 23, 2026, with the full report to be accessible via the company’s website in...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.