-2.34%
5.84%
5.85%
13.47%
29.34%
21.99%
32.99%
AI Spotlight on SSB
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.
Market Data
| Last Price | 103.12 |
| Change Percentage | -2.34% |
| Open | 103.31 |
| Previous Close | 105.59 |
| Market Cap ( Millions) | 10435 |
| Volume | 629955 |
| Year High | 114.27 |
| Year Low | 70.68 |
| M A 50 | 103.8 |
| M A 200 | 92.22 |
Financial Ratios
| FCF Yield | -1.24% |
| Dividend Yield | 2.06% |
| ROE | 8.79% |
| Debt / Equity | 11.71% |
| Net Debt / EBIDTA | 0.00% |
| Price To Book | 1.33 |
| Price Earnings Ratio | 15.82 |
| Price To FCF | -80.79 |
| Price To sales | 5.91 |
| EV / EBITDA | 0 |
News
- Jan -30 - Will SouthState (SSB) Gain on Rising Earnings Estimates?
- Jan -24 - SouthState Corporation (SSB) Q4 2024 Earnings Conference Call Transcript
- Jan -24 - SouthState (SSB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
- Jan -23 - SouthState (SSB) Tops Q4 Earnings and Revenue Estimates
- Jan -23 - SouthState Corporation Reports Fourth Quarter 2024 Results, Declares Quarterly Cash Dividend
- Jan -17 - Insights Into SouthState (SSB) Q4: Wall Street Projections for Key Metrics
- Jan -02 - SouthState Closes Merger with Independent Financial
- Jan -02 - SouthState Corporation to Announce Quarterly Earnings Results on Thursday, January 23, 2025
- Dec -30 - Acadia Pharmaceuticals Set to Join S&P SmallCap 600
- Dec -27 - Solid Power: Heating Up, But Don't Get Burned
- Dec -10 - SouthState Onboards New Hires in Five States, Promotes Clarke to Jacksonville Market President
- Dec -03 - SouthState (SSB) is a Great Momentum Stock: Should You Buy?
- Dec -03 - What Makes SouthState (SSB) a New Buy Stock
- Oct -24 - SouthState Corporation (SSB) Q3 2024 Earnings Call Transcript
- Oct -24 - Here's What Key Metrics Tell Us About SouthState (SSB) Q3 Earnings
- Oct -23 - SouthState (SSB) Tops Q3 Earnings Estimates
- Oct -23 - SouthState Corporation Reports Third Quarter 2024 Results, Declares Quarterly Cash Dividend
- Oct -21 - SouthState Bank Transforms Mortgage Operations with Blend Close
- Oct -21 - Insights Into SouthState (SSB) Q3: Wall Street Projections for Key Metrics
- Oct -16 - SouthState (SSB) Reports Next Week: Wall Street Expects Earnings Growth
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Banking and Related Activities
Expected Growth : 7.53 %
What the company do ?
SouthState Corporation's Banking and Related Activities segment provides traditional banking services, including commercial and consumer lending, deposit services, and cash management.
Why we expect these perspectives ?
SouthState Corporation's 7.53% growth in Banking and Related Activities is driven by strategic acquisitions, expansion of commercial lending, and increased deposit growth. Additionally, the company's focus on digital transformation, cost savings initiatives, and a favorable interest rate environment have contributed to its growth momentum.
Southstate Corporation Products
| Product Range | What is it ? |
|---|---|
| Consumer Banking | Personal banking services for individuals, including checking and savings accounts, credit cards, personal loans, and mortgages. |
| Commercial Banking | Financial solutions for businesses, including cash management, commercial lending, and treasury management services. |
| Mortgage Banking | Residential mortgage lending services for individuals and families, including purchase and refinance loans. |
| Wealth Management | Investment and wealth management services, including investment advice, portfolio management, and retirement planning. |
| Treasury Management | Cash management and treasury services for businesses, including account management, payment processing, and fraud prevention. |
| Digital Banking | Online and mobile banking services, including account access, bill pay, and mobile deposit. |
SouthState Corporation's Porter Forces
Threat Of Substitutes
SouthState Corporation operates in the banking industry, where substitutes are limited. However, fintech companies and digital banking platforms are emerging as potential substitutes, posing a moderate threat.
Bargaining Power Of Customers
SouthState Corporation's customers have limited bargaining power due to the fragmented nature of the banking industry. Customers have multiple options, but the switching costs are relatively high.
Bargaining Power Of Suppliers
SouthState Corporation's suppliers, such as technology providers and vendors, have limited bargaining power due to the company's large scale of operations and diversified supply chain.
Threat Of New Entrants
The banking industry has high barriers to entry, including regulatory hurdles and capital requirements, making it difficult for new entrants to pose a significant threat to SouthState Corporation.
Intensity Of Rivalry
The banking industry is highly competitive, with many established players competing for market share. SouthState Corporation faces intense rivalry from other regional banks and national banks.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 8.01% |
| Debt Cost | 7.66% |
| Equity Weight | 91.99% |
| Equity Cost | 7.66% |
| WACC | 7.66% |
| Leverage | 8.70% |
SouthState Corporation : Quality Control
SouthState Corporation passed 4 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| WTFC | Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered … |
| EBC | Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides banking products and services primarily to retail, commercial, and small business customers. It operates in two … |
| UMBF | UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. The Commercial Banking segment provides commercial loans and credit … |
| ABCB | Ameris Bancorp operates as the bank holding company for Ameris Bank that provides range of banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, North Carolina, and … |
| AUB | Atlantic Union Bankshares Corporation operates as the holding company for Atlantic Union Bank that provides banking and related financial services to consumers and businesses. The company accepts various deposit products, … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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SouthState
A-Score
1-Year Total Return ->
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UMB
A-Score
1-Year Total Return ->
🥉
Wintrust Financial
A-Score
1-Year Total Return ->
4
Ameris
A-Score
1-Year Total Return ->
5
Eastern Bank
A-Score
1-Year Total Return ->
6
