Logo

SSB

SouthState Corporation

SSB

SouthState Corporation • NASDAQ
$89.51 ▼ -0.30% (-0.27)
Market Cap $9.00 B
52w High $112.21
52w Low $77.74
Dividend Yield 2.28%
P/E 12.28
Volume 355.70K
Outstanding Shares 100.52M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $980.768M ▲ $372.342M ▼ $246.641M ▲ 25.148% ▲ $2.44 ▲ $370.69M ▲
Q2-2025 $927.321M ▲ $375.061M ▼ $215.224M ▲ 23.209% ▲ $2.12 ▲ $321.932M ▲
Q1-2025 $894.654M ▲ $408.826M ▲ $89.08M ▼ 9.957% ▼ $0.88 ▼ $156.515M ▼
Q4-2024 $578.765M ▼ $206.024M ▼ $144.178M ▲ 24.911% ▲ $1.89 ▲ $202.494M ▲
Q3-2024 $619.112M $246.847M $143.179M 23.127% $1.88 $200.248M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $892.918M ▼ $66.048B ▲ $57.037B ▼ $9.011B ▲
Q2-2025 $9.392B ▲ $65.893B ▲ $57.092B ▲ $8.801B ▲
Q1-2025 $9.153B ▲ $65.135B ▲ $56.511B ▲ $8.624B ▲
Q4-2024 $898.679M ▼ $46.381B ▲ $40.491B ▲ $5.89B ▼
Q3-2024 $5.128B $46.083B $40.178B $5.905B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $246.641M ▲ $122.442M ▲ $-274.454M ▲ $-167.639M ▼ $-319.651M ▼ $155.375M ▲
Q2-2025 $215.224M ▲ $72.609M ▲ $-510.551M ▼ $602.358M ▲ $164.416M ▼ $52.498M ▲
Q1-2025 $89.08M ▼ $-126.26M ▼ $1.865B ▲ $168.707M ▲ $1.908B ▲ $-139.082M ▼
Q4-2024 $144.178M ▲ $354.292M ▲ $-236.103M ▼ $61.199M ▼ $179.388M ▲ $340.876M ▲
Q3-2024 $143.179M $-246.812M $-156.096M $498.421M $95.513M $-254.204M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Fees on deposit accounts
Fees on deposit accounts
 $0 ▲$40.00M ▲$40.00M ▲$40.00M ▲
Mortgage banking income
Mortgage banking income
 $0 ▲$10.00M ▲$10.00M ▲$10.00M ▲
Trust and investment services income
Trust and investment services income
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement SouthState’s income statement shows a steady build in its core business over the past five years. Revenue has climbed consistently, helped by both organic growth and prior deals, while profitability has stayed quite solid. Margins look healthy for a regional bank, with operating and net income holding up even as interest rates and credit conditions shifted. Earnings per share dipped slightly a few years ago but have since recovered and moved higher again, which suggests management is controlling costs reasonably well and benefiting from scale. Key risks are the usual ones for banks: pressure on loan yields and funding costs as rate cycles change, and potential credit losses if the economy weakens.

Balance Sheet

Balance Sheet The balance sheet has gradually grown, with total assets trending upward each year, reflecting a larger loan book and broader footprint. Equity has also increased steadily, which points to retained profits and a stronger capital base over time. Debt levels are moderate and have edged down from earlier peaks, a sign of a more conservative funding mix. Cash on hand is solid but not excessive, and a bit lower than during the early-pandemic period when liquidity across the industry was elevated. Overall, the balance sheet looks reasonably robust, but like all regional banks, it remains exposed to funding costs, deposit stability, and loan quality.

Cash Flow

Cash Flow Cash generation is positive, but the pattern is uneven, which is typical for banks because of swings in loans and deposits. Operating cash flow shows one standout year with unusually strong inflows, sandwiched between more normal years at a lower level. Free cash flow closely tracks operating cash flow, since spending on physical assets is modest. This suggests SouthState is not particularly capital‑intensive and can fund technology and branch investments out of ongoing operations. The main sensitivity here is not day‑to‑day capex, but changes in credit conditions, loan demand, and deposit flows, which can move cash metrics around from year to year.

Competitive Edge

Competitive Edge SouthState operates as a scaled regional bank with deep roots in the Southeast and is now extending into Texas and Colorado via acquisitions. Its strength lies in a blend of community banking and more sophisticated services: close local relationships, combined with treasury, wealth, and correspondent banking offerings that smaller banks cannot easily match. Serving hundreds of other community banks through its correspondent division gives it a niche, banker‑to‑banker role that reinforces its network and fee income. The franchise is diversified across commercial, retail, and wealth lines, which helps smooth cycles. Competitive pressures remain intense—from larger national banks, credit unions, and fintechs—and integration risk from acquisitions and regulatory scrutiny are ongoing watchpoints.

Innovation and R&D

Innovation and R&D For a regional bank, SouthState is leaning relatively hard into technology. It has modernized payments via cloud-based infrastructure and real‑time rails (RTP and FedNow), which can improve customer experience and fee opportunities. Treasury Navigator gives business clients a robust digital cash‑management toolkit, and a digital SBA lending process speeds up small‑business credit decisions. Internally, the bank is experimenting with generative AI through its “Tate” chatbot to boost employee productivity and build familiarity with new tools. Looking ahead, it aims to layer on features like request‑for‑payment and industry‑specific payment solutions, which, if executed well, can deepen relationships and add stickier, higher‑value services rather than just competing on price.

Summary

Putting it together, SouthState looks like a steadily growing regional bank that has used acquisitions and technology investment to bulk up and modernize. Earnings and capital have moved in the right direction over several years, with profitability holding relatively firm through shifting rate and credit environments. The balance sheet appears reasonably strong and diversified, but, as with all banks, remains sensitive to funding costs, credit quality, and regulation. Its competitive edge rests on a strong regional footprint, community‑banking DNA, and differentiated services like correspondent banking and advanced treasury tools. The bank’s willingness to invest in real‑time payments, digital lending, and AI suggests a forward‑leaning mindset, though execution risk and the fast pace of change in financial technology remain important uncertainties to monitor.

NEWS

October 24, 2025 · 4:02 PM UTC

SouthState Bank Corporation Adds Ben Sasse to Board

Read more

October 22, 2025 · 4:05 PM UTC

SouthState Bank Corporation Reports Third Quarter 2025 Results, Declares Quarterly Cash Dividend

Read more

October 3, 2025 · 10:00 AM UTC

SouthState Bank Corporation to Announce Quarterly Earnings Results on Wednesday, October 22, 2025

Read more

September 17, 2025 · 9:36 AM UTC

SouthState Expands Instant Payments Capabilities

Read more

September 10, 2025 · 10:10 AM UTC

SouthState Welcomes Large Group of Bankers Across Expanding Footprint

Read more