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SouthState Corporation

SouthState Corporation

NASDAQ•SSB
CEO: Mr. John C. Corbett
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1997-01-28
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 offers checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposits, money market accounts, and other time deposits, as well as bond accounting, asset/liability consulting related activities, and other clearing and corporate checking account services. 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, as well as business, agriculture, real estate-secured (mortgage), home improvement, and manufactured housing loans. In addition, it provides debit card, mobile services, funds transfer products and services, and treasury management services comprising merchant, automated clearing house, lock-box, remote deposit capture, and other treasury services, as well as asset and wealth management, and other fiduciary and private banking 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 management services; and credit cards, letters of credit, and home equity lines of credit. The company 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.
Contact Information
1101 First Street South, Suite 202, Winter Haven, FL, 33880, United States
863-293-4710
www.southstatebank.com
Market Cap
$8.98B
P/E (TTM)
12.9
14.1
Dividend Yield
2.5%
52W High
$114.27
52W Low
$77.74
52W Range
30%
4.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$980.77M+58.41%
4-Quarter Trend

EPS

$2.44+29.79%
4-Quarter Trend

FCF

$155.38M-161.12%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Strong Net Income Growth Q3 Net Income surged 72.3% to $246.6M, driven by acquisition accretion and higher loan yields; Diluted EPS reached $2.42.
Significant Balance Sheet Expansion Total assets grew 42.4% to $66.05B from 12/31/2024, fueled by the Independent acquisition, boosting total loans to $47.08B net.
Improved Net Interest Margin Non-TE NIM expanded 66 basis points to 4.05% for Q3 2025, benefiting from higher acquired loan accretion income (71 bps yield rise).
Capital Ratios Remain Robust Consolidated CET1 ratio stood strong at 11.48% and Tier 1 Leverage at 9.36%, well exceeding well-capitalized regulatory minimums.

Risk Factors

Credit Quality Deterioration Noted Total NPLs rose to $320.8M (0.67% of loans); Acquired loan charge-offs contributed significantly to net charge-offs this quarter.
Interest Rate Environment Headwinds Management monitors NIM compression risk; recent Fed rate cuts imply a lower rate environment impacting future asset yields.
Integration and Merger Costs Q3 results included significant merger/severance expenses ($20.9M); integration costs remain a factor influencing noninterest expense trends.
Cyber Incident Litigation Exposure Pending Cyber Incident Suit remains unquantifiable; management has not recorded any loss accrual as probability and amount are not estimable.

Outlook

Continued Acquisition Integration Focus Management focuses on integrating Independent operations, realizing expected synergies, and monitoring associated merger-related expense realization in 2025.
Asset Quality Monitoring Ongoing ACL methodology relies heavily on macroeconomic forecasts; management maintains a neutral stance recognizing downside risks and uncertainty.
Liquidity Position Remains Adequate Liquidity policy limits are met; significant capacity remains available via FHLB/FRB facilities, supported by strong capital and deposit base.
Capital Buffer Maintained Capital ratios are expected to remain well in excess of minimums, supporting continued operations and potential future strategic growth activities.

Peer Comparison

Revenue (TTM)

Citizens Financial Group, Inc.CFG
$11.05B
-11.6%
Western Alliance BancorporationWAL
$5.06B
+3.1%
Comerica IncorporatedCMA
$4.55B
-9.5%

Gross Margin (Latest Quarter)

First Horizon CorporationFHN
100.6%
+41.3 pp
Citizens Financial Group, Inc.CFG
92.7%
+36.4 pp
SouthState CorporationSSB
70.7%
+0.7 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CFG$22.00B12.96.8%4.8%
FHN$10.90B12.210.0%6.7%
CMA$9.73B14.010.3%7.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+19.2%
Strong Growth
4Q Net Income CAGR
+19.6%
Profitability Improved
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 31, 2025|
    Revenue: $980.77M+58.4%
    |
    EPS: $2.44+29.8%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 1, 2025|
    Revenue: $927.32M+52.9%
    |
    EPS: $2.12+21.8%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 2, 2025|
    Revenue: $894.65M+51.9%
    |
    EPS: $0.88-41.7%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 21, 2025|
    Revenue: $2.39B+9.2%
    |
    EPS: $7.01+7.8%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 1, 2024|
    Revenue: $619.11M+8.0%
    |
    EPS: $1.88+15.3%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 2, 2024|
    Revenue: $606.35M+9.2%
    |
    EPS: $1.74+7.4%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 3, 2024|
    Revenue: $588.81M+12.8%
    |
    EPS: $1.51-17.9%
    Meet
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 4, 2024|
    Revenue: $2.19B+30.9%
    |
    EPS: $6.50-2.3%
    Meet