SouthState Corporation (SSB) AI Stock Analysis

• Market Cap: $9.16B
• Dividend Yield: 2.47%
• Average Volume (3M): 747.54K
• Price to Earnings (P/E): 12.4
• Beta (1Y): 1.05
• Revenue Growth: 33.88%
• EPS Growth: 12.26%
• Country: US
• Employees: 6,405
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 2.42
• Shares Outstanding: 101,208,984
• 10 Day Avg. Volume: 848,467
• 30 Day Avg. Volume: 747,542
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.18
• Enterprise Value/Revenue: 3.57
• Enterprise Value/Gross Profit: 5.35
• Enterprise Value/Ebitda: 12.22
• 1Y Price Target: $116.89
• Price Target Upside: 29.26% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 9

• Rating: 66 Neutral
• Price Target: $97.00 ▲(7.27% Upside)

SouthState Corporation's overall stock score reflects strong financial performance and a positive earnings call, which are offset by bearish technical indicators and moderate valuation metrics. The company's robust revenue growth and solid balance sheet are significant strengths, while challenges in cash flow and increased deposit costs present risks. The technical analysis suggests caution due to bearish momentum, impacting the overall score.

Positive Factors

Revenue Growth

Strong revenue growth reflects successful business expansion and effective integration of acquisitions, enhancing long-term financial stability and market presence.

Loan Production Growth

Significant loan production growth, especially in new markets, indicates robust demand and strategic expansion, supporting future revenue streams and market penetration.

Strong Capital Position

A strong capital position provides financial flexibility and resilience, enabling the company to pursue growth opportunities and withstand economic fluctuations.

Negative Factors

Declining Profit Margins

Decreasing profit margins indicate rising costs or competitive pressures, potentially impacting long-term profitability and necessitating efficiency improvements.

Cash Flow Challenges

Severe decline in cash flow growth suggests liquidity issues, which could constrain operational flexibility and investment capacity if not addressed.

Increased Cost of Deposits

Rising deposit costs can pressure net interest margins, affecting profitability and potentially limiting competitive pricing strategies in the long term.

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 through several key streams. The primary source is net interest income, which arises from the difference between interest earned on loans and interest paid on deposits. The bank offers various loan products, including commercial real estate loans, consumer loans, and mortgages, which contribute significantly to interest income. In addition to interest income, SouthState earns non-interest income from fees and commissions related to deposit accounts, wealth management services, and transaction fees. The company also benefits from strategic partnerships with financial technology providers and other institutions, enhancing its service offerings and operational efficiency. Overall, SouthState's diversified portfolio of financial products and services, combined with a strong regional presence, contribute to its revenue generation and financial stability.

SouthState Corporation Financial Statement Overview

Summary

SouthState Corporation exhibits strong financial performance 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 advised.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.02B	2.39B	2.19B	1.67B	1.42B	1.21B
Gross Profit	2.01B	1.65B	1.59B	1.53B	1.53B	890.33M
EBITDA	881.19M	756.95M	689.68M	697.95M	667.42M	150.34M
Net Income	591.66M	534.78M	494.31M	496.05M	475.54M	120.63M
Balance Sheet
Total Assets	65.89B	46.38B	44.90B	43.92B	41.84B	37.79B
Cash, Cash Equivalents and Short-Term Investments	9.39B	898.68M	5.55B	6.06B	5.90B	4.36B
Total Debt	1.73B	896.14M	970.78M	938.38M	1.10B	1.16B
Total Liabilities	57.09B	40.49B	39.37B	38.84B	37.04B	33.14B
Stockholders Equity	8.80B	5.89B	5.53B	5.07B	4.80B	4.65B
Cash Flow
Free Cash Flow	88.00K	476.15M	507.87M	1.71B	387.27M	520.01M
Operating Cash Flow	53.83M	511.96M	546.76M	1.73B	415.69M	536.94M
Investing Cash Flow	962.43M	-886.18M	-1.43B	-4.86B	-2.32B	1.23B
Financing Cash Flow	1.33B	767.41M	566.00M	-2.28B	4.02B	2.15B

SouthState Corporation Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 90.43
• 50DMA: Negative
• 100DMA: Negative
• 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 90.43 is below the 20-day moving average (MA) of 96.31, below the 50-day MA of 98.80, and below the 200-day MA of 94.16, indicating a bearish trend. The MACD of -2.12 indicates Positive momentum. The RSI at 36.12 is Neutral, neither overbought nor oversold. The STOCH value of 17.19 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
UMBF	―	$8.62B	13.04	10.05%	1.41%	30.40%	12.40%
WTFC	―	$8.64B	11.86	11.69%	1.51%	3.61%	13.93%
WBS	―	$9.39B	10.52	9.95%	2.83%	4.90%	21.68%
Sector *	―	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SSB	―	$9.16B	12.42	9.32%	2.47%	33.88%	12.26%
FHN	―	$10.60B	12.61	9.87%	2.86%	-4.49%	20.77%
WAL	―	$8.75B	9.80	12.79%	1.92%	4.92%	25.28%

SouthState Corporation Corporate Events

SouthState Corporation Reports Strong Q3 2025 Results

SouthState Corporation, a financial services company headquartered in Winter Haven, Florida, offers a wide range of consumer, commercial, mortgage, and wealth management solutions across multiple states, including Florida, Texas, and the Carolinas, and serves clients nationwide through its correspondent banking division.

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.

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.

The most recent analyst rating on (SSB) stock is a Buy with a $127.00 price target. To see the full list of analyst forecasts on SouthState Corporation stock, see the SSB Stock Forecast page.

SouthState Corporation Completes Redomicile and Debt Assumption

SouthState Corporation has undergone a redomicile, resulting in New SSB assuming all rights and obligations under the company’s senior revolving credit facility with U.S. Bank, as well as Old SSB’s obligations related to trust preferred securities and subordinated notes. This transition includes assuming $350 million in subordinated debt due 2035, $130 million in junior subordinated notes due 2030, and $175 million in subordinated debentures due 2034. The officers and directors of Old SSB have transitioned to New SSB, maintaining their roles in accordance with the new corporate structure.

The most recent analyst rating on (SSB) stock is a Buy with a $109.00 price target. To see the full list of analyst forecasts on SouthState Corporation stock, see the SSB Stock Forecast page.

SouthState Corporation to Reincorporate in Florida

SouthState Corporation announced its intention to change its state of incorporation from South Carolina to Florida, as approved by its shareholders on April 23, 2025. The change will be executed through a merger with SouthState Bank Corporation, a newly formed Florida subsidiary, effective August 31, 2025. This strategic move will result in SouthState Bank Corporation assuming all rights and obligations of SouthState Corporation, including its credit facilities and securities, while maintaining the same leadership and governance structure.

The most recent analyst rating on (SSB) stock is a Buy with a $110.00 price target. To see the full list of analyst forecasts on SouthState Corporation stock, see the SSB Stock Forecast page.

SouthState Corporation’s Earnings Call Highlights Robust Growth

SouthState Corporation’s recent earnings call painted a largely positive picture, underscored by significant achievements in loan production, financial metrics, and operational efficiency. The company successfully integrated recent transactions and increased its dividend, signaling robust growth potential. However, concerns about future deposit costs and economic uncertainty were also addressed, adding a layer of caution to the otherwise optimistic outlook.

SouthState Corporation Reports Strong Q2 2025 Results

SouthState Corporation is a financial services company headquartered in Winter Haven, Florida, offering consumer, commercial, mortgage, and wealth management solutions across several states in the U.S. In its second quarter of 2025, SouthState Corporation reported a significant growth in revenue and loan originations, alongside a successful integration of the IBTX franchise. The company also announced an 11% increase in its quarterly cash dividend, reflecting strong financial performance and strategic growth initiatives. Key financial highlights include a reported diluted EPS of $2.11, adjusted diluted EPS of $2.30, and net income of $215.2 million. The company achieved a return on average common equity of 9.9% and a net interest income of $578 million, with a net interest margin of 4.02%. Loans and deposits both saw increases, with loans growing by 4% and deposits by 3%, contributing to a robust balance sheet. Looking ahead, SouthState Corporation remains optimistic about its strategic direction and financial health, as indicated by its strong capital position and ongoing growth initiatives.

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.