SouthState Corporation (SSB) AI Stock Analysis

• Market Cap: $9.26B
• Dividend Yield: 2.49%
• Average Volume (3M): 775.17K
• Price to Earnings (P/E): 12.6
• Beta (1Y): 0.96
• 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: 607,236
• 30 Day Avg. Volume: 775,168
• 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: 1.22
• Enterprise Value/Revenue: 3.33
• Enterprise Value/Gross Profit: 4.95
• Enterprise Value/Ebitda: 10.71
• 1Y Price Target: $116.90
• Price Target Upside: 27.76% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): 7.53
• Revenue Forecast (FY): $2.64B

• Rating: 79 Outperform
• Price Target: $106.00 ▲(15.85% Upside)

SouthState Corporation's strong financial performance and positive earnings call are the primary drivers of its solid stock score. Technical analysis indicates some short-term momentum, though valuation suggests the stock is fairly priced. The overall outlook is positive, with robust growth prospects tempered by some operational challenges.

Positive Factors

Revenue Growth

Strong revenue growth reflects the company's ability to expand its business operations effectively, ensuring long-term sustainability and market competitiveness.

Cash Flow Management

Exceptional cash flow management indicates efficient operations and the ability to reinvest in growth opportunities, supporting long-term financial health.

Loan Production Growth

Significant loan production growth, particularly in new regions, suggests successful market penetration and potential for continued expansion.

Negative Factors

Loan Charge-Off

The large loan charge-off highlights potential credit risk management issues, which could impact profitability and require strategic adjustments.

Increased Cost of Deposits

Rising deposit costs can pressure net interest margins, potentially affecting profitability if not managed effectively over the long term.

Accretion Concerns

Accretion concerns may lead to reduced future net interest margins, impacting revenue and requiring strategic financial adjustments.

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: 91.50
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 91.5 is above the 20-day moving average (MA) of 89.03, above the 50-day MA of 91.47, and below the 200-day MA of 91.83, indicating a neutral trend. The MACD of 0.24 indicates Negative momentum. The RSI at 55.54 is Neutral, neither overbought nor oversold. The STOCH value of 78.51 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	$9.26B	12.65	9.32%	2.49%	33.87%	12.26%
WTFC	79 Outperform	$9.21B	12.64	11.69%	1.45%	3.58%	13.93%
UMBF	77 Outperform	$8.73B	13.01	11.06%	1.40%	38.81%	10.38%
WBS	77 Outperform	$10.08B	11.64	9.80%	2.55%	4.78%	21.68%
WAL	74 Outperform	$9.39B	10.55	12.79%	1.85%	6.30%	25.28%
FHN	72 Outperform	$11.21B	13.77	9.87%	2.63%	-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 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.

SouthState Corporation to Release Q3 2025 Earnings

SouthState Bank Corporation announced that it will release its third quarter 2025 earnings results on October 22, 2025, after the market closes. The company will host a conference call on October 23, 2025, to discuss these results, providing stakeholders an opportunity to gain insights into the company’s financial performance and strategic direction.