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SouthState (SSB) Financials

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$89.34 -0.04 (-0.05%)
Closing price 05/5/2025 03:59 PM Eastern
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$89.26 -0.08 (-0.09%)
As of 04:48 AM Eastern
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Annual Income Statements for SouthState

Annual Income Statements for SouthState

This table shows SouthState's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 99 101 88 179 186 121 476 496 494 535
Consolidated Net Income / (Loss)		 99 101 88 179 186 121 476 496 494 535
Net Income / (Loss) Continuing Operations		 99 101 88 179 186 121 476 496 494 535
Total Pre-Tax Income 		150 154 169 224 230 104 604 633 631 700
Total Revenue		 443 446 549 659 648 1,138 1,387 1,645 1,740 1,718
Net Interest Income / (Expense)		 328 325 409 513 504 826 1,033 1,336 1,453 1,415
Total Interest Income		 338 333 426 567 591 910 1,085 1,397 1,944 2,141
Loans and Leases Interest Income		 316 308 390 521 535 851 991 1,178 1,716 1,926
Investment Securities Interest Income		 20 22 34 42 46 55 88 172 186 178
Federal Funds Sold and Securities Borrowed Interest Income		 2.12 2.79 2.71 4.02 9.90 4.20 6.72 47 42 37
Total Interest Expense		 10 8.32 17 54 87 84 52 61 492 726
Deposits Interest Expense		 7.34 5.80 12 45 66 55 33 37 440 672
Long-Term Debt Interest Expense		 - - - 5.29 5.64 13 17 20 36 34
Federal Funds Purchased and Securities Sold Interest Expense		 0.40 0.57 1.08 2.36 2.63 1.95 1.19 4.50 16 20
Total Non-Interest Income		 116 121 140 146 144 311 354 309 287 302
Other Service Charges		 102 6.44 6.67 11 8.87 21 28 33 42 52
Net Realized & Unrealized Capital Gains on Investments		 -0.49 0.12 1.42 -0.66 2.71 0.05 0.10 0.03 0.04 -0.05
Other Non-Interest Income		 -5.61 115 132 136 132 290 326 276 245 250
Provision for Credit Losses		 5.86 6.82 12 14 13 236 -165 82 114 16
Total Non-Interest Expense		 287 285 368 421 405 798 948 930 995 1,001
Salaries and Employee Benefits		 161 165 194 233 235 417 552 555 583 607
Net Occupancy & Equipment Expense		 50 55 66 83 83 135 167 169 173 182
Marketing Expense		 3.84 3.09 3.96 4.22 4.31 4.09 7.96 8.89 9.47 9.14
Property & Liability Insurance Claims		 - 3.90 3.92 8.41 4.55 11 18 23 33 31
Other Operating Expenses		 52 43 45 48 60 118 90 110 129 126
Amortization Expense		 8.32 7.58 10 14 13 27 35 33 28 22
Restructuring Charge		 6.95 8.08 45 30 4.55 86 67 31 13 20
Other Special Charges		 4.71 - - - 0.00 0.00 12 0.00 26 3.85
Income Tax Expense		 51 53 81 45 44 -17 129 137 137 165
Basic Earnings per Share		 $4.15 $4.22 $2.95 $4.90 $5.40 $2.20 $6.76 $6.65 $6.50 $7.01
Weighted Average Basic Shares Outstanding		 23.97M 24.00M 29.69M 36.53M 34.56M 54.76M 70.39M 74.55M 76.05M 76.30M
Diluted Earnings per Share		 $4.11 $4.18 $2.93 $4.86 $5.36 $2.19 $6.71 $6.60 $6.46 $6.97
Weighted Average Diluted Shares Outstanding		 24.22M 24.22M 29.92M 36.78M 34.80M 55.06M 70.89M 75.18M 76.48M 76.76M
Weighted Average Basic & Diluted Shares Outstanding		 24M 24M 29.70M 35.37M 34.56M 71.03M 68.85M 75.85M - 101.36M
Cash Dividends to Common per Share		 $0.98 $1.21 $1.32 $1.38 $1.67 $1.88 $1.92 $1.98 $2.04 $2.12

Quarterly Income Statements for SouthState

This table shows SouthState's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 133 144 140 123 124 107 115 132 143 144
Consolidated Net Income / (Loss)		 133 144 140 123 124 107 115 132 143 144
Net Income / (Loss) Continuing Operations		 133 144 140 123 124 107 115 132 143 144
Total Pre-Tax Income 		171 183 179 158 157 137 154 173 187 187
Total Revenue		 435 459 453 439 428 420 415 425 426 450
Net Interest Income / (Expense)		 362 396 381 362 355 354 344 350 351 370
Total Interest Income		 376 424 450 478 501 515 517 531 544 549
Loans and Leases Interest Income		 313 360 393 419 444 460 464 478 494 490
Investment Securities Interest Income		 45 48 48 47 46 46 45 45 44 45
Federal Funds Sold and Securities Borrowed Interest Income		 18 16 8.92 12 11 10 8.25 8.25 6.46 14
Total Interest Expense		 14 28 69 116 145 161 173 181 193 179
Deposits Interest Expense		 7.53 20 56 101 134 150 160 165 178 168
Long-Term Debt Interest Expense		 4.96 5.99 10 12 6.90 6.71 8.43 10 9.08 5.90
Federal Funds Purchased and Securities Sold Interest Expense		 1.51 1.95 2.85 3.54 4.29 4.91 4.73 4.98 5.70 4.86
Total Non-Interest Income		 73 63 71 77 73 65 72 75 75 81
Other Service Charges		 8.00 10 9.87 7.86 12 12 13 16 12 11
Net Realized & Unrealized Capital Gains on Investments		 0.03 - 0.05 0.00 0.00 -0.00 0.00 0.00 0.00 -0.05
Other Non-Interest Income		 65 53 61 69 61 53 58 60 63 70
Provision for Credit Losses		 24 47 33 38 33 9.89 13 3.89 -6.97 6.37
Total Non-Interest Expense		 240 229 241 243 238 273 249 249 247 257
Salaries and Employee Benefits		 140 140 144 147 146 146 150 151 151 154
Net Occupancy & Equipment Expense		 43 42 41 43 44 45 45 46 46 46
Marketing Expense		 2.17 2.67 2.12 1.52 3.01 2.83 1.98 2.59 2.30 2.27
Property & Liability Insurance Claims		 6.30 6.59 6.29 9.82 8.63 8.33 8.53 7.77 7.48 7.37
Other Operating Expenses		 28 28 30 32 30 37 29 29 32 35
Amortization Expense		 7.84 8.03 7.30 7.03 6.62 6.62 6.00 5.74 5.33 5.33
Restructuring Charge		 14 1.54 9.41 1.81 0.16 1.78 4.51 5.79 3.30 6.53
Other Special Charges		 - - 0.00 0.00 0.00 26 3.85 0.62 0.00 -0.62
Income Tax Expense		 38 39 39 34 33 30 38 40 43 43
Basic Earnings per Share		 $1.76 $1.91 $1.84 $1.62 $1.63 $1.41 $1.51 $1.74 $1.88 $1.88
Weighted Average Basic Shares Outstanding		 75.61M 74.55M 75.90M 76.06M 76.14M 76.05M 76.30M 76.25M 76.30M 76.30M
Diluted Earnings per Share		 $1.75 $1.89 $1.83 $1.62 $1.62 $1.39 $1.50 $1.73 $1.86 $1.88
Weighted Average Diluted Shares Outstanding		 76.18M 75.18M 76.39M 76.42M 76.57M 76.48M 76.66M 76.61M 76.81M 76.76M
Weighted Average Basic & Diluted Shares Outstanding		 - 75.85M 75.92M 76.01M 76.07M 0.00 76.19M 76.25M 76.29M 101.36M
Cash Dividends to Common per Share		 $0.50 $0.50 $0.50 $0.50 $0.52 $0.52 $0.52 $0.52 $0.54 $0.54

Annual Cash Flow Statements for SouthState

This table details how cash moves in and out of SouthState's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 278 -321 3.18 31 280 3,921 2,112 -5,409 -314 393
Net Cash From Operating Activities		 187 138 198 284 181 537 416 1,731 547 512
Net Cash From Continuing Operating Activities		 187 138 198 284 181 537 416 1,731 547 512
Net Income / (Loss) Continuing Operations		 99 101 88 179 186 121 476 496 494 535
Consolidated Net Income / (Loss)		 99 101 88 179 186 121 476 496 494 535
Provision For Loan Losses		 5.86 6.82 12 14 13 236 -165 82 114 16
Depreciation Expense		 21 22 29 36 33 46 63 65 59 57
Amortization Expense		 13 8.98 6.85 7.57 7.26 22 38 27 20 19
Non-Cash Adjustments to Reconcile Net Income		 35 3.97 89 40 -43 129 158 306 -32 -367
Changes in Operating Assets and Liabilities, net		 12 -4.62 -26 7.92 -16 -17 -154 755 -109 252
Net Cash From Investing Activities		 -103 -691 -61 -282 -795 1,230 -2,319 -4,860 -1,426 -886
Net Cash From Continuing Investing Activities		 -103 -691 -61 -282 -795 1,230 -2,319 -4,860 -1,426 -886
Purchase of Property, Leasehold Improvements and Equipment		 -334 -26 -652 -406 -379 -17 717 -18 -39 -36
Purchase of Investment Securities		 -436 -386 -246 -210 -979 -2,353 -4,164 -2,588 -313 -237
Sale of Property, Leasehold Improvements and Equipment		 0.04 -690 0.02 0.15 0.01 -149 8.47 -3,849 -2,233 -1,540
Divestitures		 404 0.00 185 0.00 0.00 2,566 0.00 0.00 0.00 0.00
Sale and/or Maturity of Investments		 264 414 652 333 563 1,183 1,120 1,594 1,159 927
Net Cash From Financing Activities		 194 232 -134 30 894 2,154 4,016 -2,280 566 767
Net Cash From Continuing Financing Activities		 194 232 -134 30 894 2,154 4,016 -2,280 566 767
Net Change in Deposits		 201 234 226 115 530 2,902 4,368 -1,780 700 1,013
Issuance of Debt		 0.00 0.00 100 590 700 500 25 0.00 6,050 4,000
Issuance of Common Equity		 0.91 0.93 1.06 1.33 1.39 1.54 2.38 2.86 2.77 3.24
Repayment of Debt		 -46 -0.01 -391 -540 -150 -1,200 -101 -13 -5,950 -4,100
Repurchase of Common Equity		 -5.63 -5.98 -5.51 -71 -159 -32 -147 -119 -16 -17
Payment of Dividends		 -24 -29 -39 -51 -58 -98 -135 -147 -156 -163
Other Financing Activities, Net		 68 32 -26 -15 29 81 4.48 -223 -64 31
Cash Interest Paid		 12 9.15 18 52 86 87 55 67 441 742
Cash Income Taxes Paid		 31 39 48 32 56 104 126 35 75 111

Quarterly Cash Flow Statements for SouthState

This table details how cash moves in and out of SouthState's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 -1,897 -1,612 684 -483 -185 -330 211 -92 96 179
Net Cash From Operating Activities		 610 154 59 312 449 -274 278 127 -247 354
Net Cash From Continuing Operating Activities		 610 154 59 312 449 -274 278 127 -247 354
Net Income / (Loss) Continuing Operations		 133 144 140 123 124 107 115 132 143 144
Consolidated Net Income / (Loss)		 133 144 140 123 124 107 115 132 143 144
Provision For Loan Losses		 24 47 33 38 33 9.89 13 3.89 -6.97 6.37
Depreciation Expense		 16 16 15 15 15 14 14 14 14 15
Amortization Expense		 6.64 5.78 5.36 4.84 4.98 4.96 4.82 4.91 4.84 4.78
Non-Cash Adjustments to Reconcile Net Income		 96 15 1.85 -28 92 -98 -8.91 -103 -187 -69
Changes in Operating Assets and Liabilities, net		 335 -72 -136 159 181 -313 140 75 -215 253
Net Cash From Investing Activities		 -833 -1,170 -274 -632 -321 -200 -106 -388 -156 -236
Net Cash From Continuing Investing Activities		 -833 -1,170 -274 -632 -321 -200 -106 -388 -156 -236
Purchase of Property, Leasehold Improvements and Equipment		 1,612 -3.89 -526 511 -1,867 1,843 -289 274 -7.39 -13
Purchase of Investment Securities		 -209 -16 -64 -109 -61 -79 -55 -53 -93 -36
Sale of Property, Leasehold Improvements and Equipment		 -2,513 -1,337 0.62 -1,361 1,362 -2,234 0.01 -857 -320 -364
Sale and/or Maturity of Investments		 276 187 315 328 246 270 238 249 264 177
Net Cash From Financing Activities		 -1,674 -597 899 -164 -314 144 39 169 498 61
Net Cash From Continuing Financing Activities		 -1,674 -597 899 -164 -314 144 39 169 498 61
Net Change in Deposits		 -1,524 -559 51 341 194 114 130 -80 540 423
Issuance of Common Equity		 0.74 1.41 - - 0.71 1.42 - - 0.85 1.57
Repayment of Debt		 - - -1,250 -3,200 -900 -600 -1,250 -1,100 -1,450 -300
Repurchase of Common Equity		 -0.88 -0.07 -3.42 -3.61 -0.39 -8.66 -16 -0.14 -0.61 -0.08
Payment of Dividends		 -38 -38 -38 -39 -40 -40 -41 -40 -41 -41
Other Financing Activities, Net		 -111 -1.32 -11 37 -68 -23 66 -12 -0.53 -22
Cash Interest Paid		 14 33 55 105 132 150 185 170 195 191
Cash Income Taxes Paid		 3.28 3.53 2.40 60 6.50 6.05 0.15 42 19 50

Annual Balance Sheets for SouthState

This table presents SouthState's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 8,557 8,901 14,467 14,676 15,922 37,790 41,838 43,919 44,902 46,381
Cash and Due from Banks		 179 202 256 251 262 363 477 548 511 526
Federal Funds Sold		 298 136 4.22 33 378 3,582 - 580 236 594
Interest Bearing Deposits at Other Banks		 219 36 118 125 49 664 226 184 252 273
Trading Account Securities		 1,069 1,056 1,722 1,540 2,015 4,587 7,205 8,070 7,354 6,958
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 24,207 47,555 29,821 31,932 33,438
Loans and Leases		 - - - - - 24,664 47,856 30,178 32,388 33,903
Allowance for Loan and Lease Losses		 - - - - - 457 302 356 457 465
Premises and Equipment, Net		 175 184 256 241 317 579 558 521 519 503
Goodwill		 338 338 1,000 1,003 1,003 1,564 1,581 1,923 1,923 1,923
Intangible Assets		 47 40 74 63 50 163 128 116 89 66
Other Assets		 262 256 463 458 535 2,081 1,290 2,154 2,086 2,102
Total Liabilities & Shareholders' Equity		 8,557 8,901 14,467 14,676 15,922 37,790 41,838 43,919 44,902 46,381
Total Liabilities		 7,498 7,766 12,158 12,310 13,549 33,142 12,833 38,844 39,369 40,491
Non-Interest Bearing Deposits		 1,976 2,199 3,047 3,062 3,245 9,711 11,499 13,169 10,649 10,192
Interest Bearing Deposits		 5,124 5,135 8,485 8,585 8,932 20,983 - 23,182 26,400 27,869
Federal Funds Purchased and Securities Sold		 288 314 287 271 57 385 381 214 248 260
Short-Term Debt		 55 55 216 266 942 395 400 343 341 255
Long-Term Debt		 - - - - 116 390 - 392 392 392
Other Long-Term Liabilities		 54 62 122 126 257 1,278 553 1,544 1,339 1,523
Total Equity & Noncontrolling Interests		 1,059 1,135 2,309 2,366 2,373 4,648 4,803 5,075 5,533 5,890
Total Preferred & Common Equity		 1,059 1,135 2,309 2,366 2,373 4,648 4,803 5,075 5,533 5,890
Total Common Equity		 1,059 1,135 2,309 2,366 2,373 4,648 4,803 5,075 5,533 5,890
Common Stock		 764 772 1,900 1,840 1,692 3,943 3,826 4,405 4,430 4,451
Retained Earnings		 299 371 420 551 680 657 998 1,347 1,685 2,047
Accumulated Other Comprehensive Income / (Loss)		 -3.87 -8.21 -10 -25 1.02 48 -21 -677 -583 -607

Quarterly Balance Sheets for SouthState

This table presents SouthState's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 44,924 44,940 44,989 45,145 45,494 46,083
Cash and Due from Banks		 558 553 515 478 507 564
Federal Funds Sold		 - 695 588 493 339 385
Interest Bearing Deposits at Other Banks		 223 266 227 238 271 264
Trading Account Securities		 7,824 7,634 7,299 7,168 7,039 7,240
Loans and Leases, Net of Allowance		 -371 31,109 31,569 32,198 32,762 33,080
Loans and Leases		 - 31,537 32,017 32,667 33,235 33,548
Allowance for Loan and Lease Losses		 371 427 448 470 472 468
Premises and Equipment, Net		 517 518 517 513 517 507
Goodwill		 1,923 1,923 1,923 1,923 1,923 1,923
Intangible Assets		 110 102 95 83 77 72
Other Assets		 63,428 2,139 2,258 2,051 2,058 2,048
Total Liabilities & Shareholders' Equity		 44,924 44,940 44,989 45,145 45,494 46,083
Total Liabilities		 37,491 39,650 39,758 39,598 39,844 40,178
Non-Interest Bearing Deposits		 12,423 11,489 11,158 10,546 10,374 10,377
Interest Bearing Deposits		 23,979 25,252 25,777 26,632 26,724 27,262
Federal Funds Purchased and Securities Sold		 233 247 253 273 288 290
Short-Term Debt		 311 735 260 281 554 548
Long-Term Debt		 - 392 392 392 392 392
Other Long-Term Liabilities		 545 1,535 1,918 1,473 1,511 1,310
Total Equity & Noncontrolling Interests		 5,249 5,290 5,231 5,547 5,650 5,905
Total Preferred & Common Equity		 5,249 5,290 5,231 5,547 5,650 5,905
Total Common Equity		 5,249 5,290 5,231 5,547 5,650 5,905
Common Stock		 4,414 4,419 4,429 4,421 4,429 4,440
Retained Earnings		 1,449 1,534 1,618 1,749 1,842 1,944
Accumulated Other Comprehensive Income / (Loss)		 -614 -662 -816 -623 -620 -480

Annual Metrics and Ratios for SouthState

This table displays calculated financial ratios and metrics derived from SouthState's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 5.29% 0.61% 23.08% 20.03% -1.69% 75.60% 21.96% 18.56% 5.75% -1.25%
EBITDA Growth		 16.55% -0.13% 10.71% 30.90% 1.23% -36.28% 308.79% 2.81% -2.13% 9.37%
EBIT Growth		 34.95% 2.44% 9.58% 32.85% 2.75% -54.88% 481.19% 4.81% -0.40% 11.00%
NOPAT Growth		 31.86% 1.82% -13.55% 104.30% 4.26% -35.31% 294.21% 4.31% -0.35% 8.19%
Net Income Growth		 31.86% 1.82% -13.55% 104.30% 4.26% -35.31% 294.21% 4.31% -0.35% 8.19%
EPS Growth		 33.44% 1.70% -29.90% 65.87% 10.29% -59.14% 206.39% -1.64% -2.12% 7.89%
Operating Cash Flow Growth		 57.50% -26.15% 43.39% 43.37% -36.19% 196.61% -22.58% 316.39% -68.41% -6.36%
Free Cash Flow Firm Growth		 -2.44% -63.58% -4,921.88% 105.75% -952.76% -207.27% -1,148.99% 202.53% -99.84% 589.57%
Invested Capital Growth		 2.62% 6.77% 112.22% 4.24% 30.34% 58.35% 441.23% -80.24% 7.85% 4.32%
Revenue Q/Q Growth		 0.86% -1.40% 8.39% 2.36% 0.00% 0.00% -0.96% 7.12% -2.23% 1.81%
EBITDA Q/Q Growth		 -2.92% -4.62% 4.06% 8.04% 560.60% 214.46% 10.94% 6.49% -6.38% 7.07%
EBIT Q/Q Growth		 5.05% -0.23% 3.30% 9.08% 0.00% 0.00% 12.74% 8.13% -6.82% 7.82%
NOPAT Q/Q Growth		 4.50% -1.32% -19.90% 35.21% 0.00% 0.00% 4.53% 7.98% -6.91% 7.52%
Net Income Q/Q Growth		 4.50% -1.32% -19.90% 35.21% 0.00% 0.00% 4.53% 7.98% -6.91% 7.52%
EPS Q/Q Growth		 4.31% -1.18% -24.87% 36.90% 0.00% 0.00% -7.96% 5.94% -7.18% 7.56%
Operating Cash Flow Q/Q Growth		 17.89% -16.28% 14.11% 3.64% -3.52% 31.15% -31.73% 10.66% -43.95% 538.88%
Free Cash Flow Firm Q/Q Growth		 18.66% -2.79% -191.96% 111.30% 33.32% 27.81% -2,527.71% 304.58% 100.72% 156.94%
Invested Capital Q/Q Growth		 1.01% 0.89% 47.15% 5.97% 0.85% -9.57% 435.11% 0.00% 6.51% -4.49%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 41.70% 41.39% 37.22% 40.60% 41.80% 15.17% 50.85% 44.09% 40.81% 45.19%
EBIT Margin		 33.92% 34.53% 30.75% 34.03% 35.57% 9.14% 43.55% 38.50% 36.27% 40.77%
Profit (Net Income) Margin		 22.44% 22.71% 15.95% 27.14% 28.79% 10.60% 34.28% 30.16% 28.42% 31.13%
Tax Burden Percent		 66.15% 65.75% 51.87% 79.76% 80.93% 116.02% 78.70% 78.32% 78.36% 76.37%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 33.85% 34.25% 48.13% 20.24% 19.07% -16.02% 21.30% 21.68% 21.64% 23.63%
Return on Invested Capital (ROIC)		 9.04% 8.79% 4.71% 6.94% 6.15% 2.72% 2.73% 2.82% 8.19% 8.35%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.04% 8.79% 4.71% 6.94% 6.15% 2.72% 2.73% 2.82% 8.19% 8.35%
Return on Net Nonoperating Assets (RNNOA)		 0.69% 0.44% 0.37% 0.72% 1.72% 0.71% 7.33% 7.23% 1.13% 1.01%
Return on Equity (ROE)		 9.73% 9.23% 5.09% 7.65% 7.87% 3.44% 10.06% 10.04% 9.32% 9.36%
Cash Return on Invested Capital (CROIC)		 6.46% 2.25% -67.17% 2.78% -20.19% -42.45% -134.89% 136.82% 0.63% 4.13%
Operating Return on Assets (OROA)		 1.84% 1.76% 1.44% 1.54% 1.51% 0.39% 1.52% 1.48% 1.42% 1.53%
Return on Assets (ROA)		 1.21% 1.16% 0.75% 1.23% 1.22% 0.45% 1.19% 1.16% 1.11% 1.17%
Return on Common Equity (ROCE)		 9.73% 9.23% 5.09% 7.65% 7.87% 3.44% 10.06% 10.04% 9.32% 9.36%
Return on Equity Simple (ROE_SIMPLE)		 9.39% 8.93% 3.79% 7.56% 7.86% 2.60% 9.90% 9.77% 8.93% 9.08%
Net Operating Profit after Tax (NOPAT)		 99 101 88 179 186 121 476 496 494 535
NOPAT Margin		 22.44% 22.71% 15.95% 27.14% 28.79% 10.60% 34.28% 30.16% 28.42% 31.13%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 48.56% 49.86% 48.23% 48.69% 49.70% 48.89% 52.37% 44.55% 44.04% 46.48%
Operating Expenses to Revenue		 64.76% 63.94% 67.09% 63.88% 62.46% 70.12% 68.36% 56.52% 57.18% 58.30%
Earnings before Interest and Taxes (EBIT)		 150 154 169 224 230 104 604 633 631 700
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 185 185 204 268 271 173 705 725 710 776
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.33 1.53 0.92 0.79 1.07 0.99 1.07 1.07 1.13 1.28
Price to Tangible Book Value (P/TBV)		 2.09 2.30 1.73 1.43 1.93 1.57 1.66 1.80 1.77 1.94
Price to Revenue (P/Rev)		 3.18 3.90 3.88 2.82 3.92 4.04 3.70 3.32 3.59 4.40
Price to Earnings (P/E)		 14.16 17.19 24.35 10.40 13.63 38.05 10.78 11.00 12.62 14.12
Dividend Yield		 1.69% 1.68% 1.81% 2.71% 2.22% 2.91% 2.61% 3.44% 2.49% 2.14%
Earnings Yield		 7.06% 5.82% 4.11% 9.62% 7.33% 2.63% 9.27% 9.09% 7.92% 7.08%
Enterprise Value to Invested Capital (EV/IC)		 0.69 1.19 0.78 0.65 0.85 0.14 0.16 0.84 0.95 1.04
Enterprise Value to Revenue (EV/Rev)		 1.73 3.19 3.59 2.61 4.49 0.67 3.48 2.97 3.43 3.96
Enterprise Value to EBITDA (EV/EBITDA)		 4.15 7.70 9.64 6.42 10.75 4.44 6.84 6.73 8.42 8.77
Enterprise Value to EBIT (EV/EBIT)		 5.11 9.23 11.67 7.66 12.64 7.37 7.98 7.70 9.47 9.72
Enterprise Value to NOPAT (EV/NOPAT)		 7.72 14.04 22.51 9.60 15.61 6.35 10.15 9.83 12.09 12.73
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.11 10.30 9.96 6.05 16.09 1.43 11.61 2.82 10.93 13.29
Enterprise Value to Free Cash Flow (EV/FCFF)		 10.80 54.94 0.00 23.91 0.00 0.00 0.00 0.20 155.95 25.77
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.05 0.05 0.09 0.11 0.45 0.17 0.08 0.14 0.13 0.11
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.05 0.08 0.00 0.08 0.07 0.07
Financial Leverage		 0.08 0.05 0.08 0.10 0.28 0.26 2.69 2.57 0.14 0.12
Leverage Ratio		 8.01 7.96 6.79 6.23 6.46 7.65 8.43 8.68 8.37 7.99
Compound Leverage Factor		 8.01 7.96 6.79 6.23 6.46 7.65 8.43 8.68 8.37 7.99
Debt to Total Capital		 4.95% 4.65% 8.57% 10.11% 30.84% 14.45% 7.69% 12.65% 11.70% 9.89%
Short-Term Debt to Total Capital		 4.95% 4.65% 8.57% 10.11% 27.46% 7.27% 7.69% 5.90% 5.44% 3.90%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 3.38% 7.18% 0.00% 6.75% 6.25% 5.99%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 95.05% 95.35% 91.43% 89.89% 69.16% 85.55% 92.31% 87.35% 88.30% 90.11%
Debt to EBITDA		 0.30 0.30 1.06 0.99 3.91 4.55 0.57 1.01 1.03 0.83
Net Debt to EBITDA		 -3.47 -1.73 -0.79 -0.53 1.36 -22.16 -0.43 -0.80 -0.37 -0.96
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.43 2.26 0.00 0.54 0.55 0.50
Debt to NOPAT		 0.55 0.55 2.47 1.49 5.67 6.51 0.84 1.48 1.48 1.21
Net Debt to NOPAT		 -6.44 -3.15 -1.84 -0.80 1.98 -31.70 -0.64 -1.16 -0.54 -1.39
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.62 3.23 0.00 0.79 0.79 0.73
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 71 26 -1,248 72 -612 -1,881 -23,497 24,091 38 264
Operating Cash Flow to CapEx		 55.93% 19.27% 30.35% 69.91% 47.74% 323.15% 0.00% 44.76% 24.06% 32.48%
Free Cash Flow to Firm to Interest Expense		 6.88 3.11 -73.34 1.33 -7.07 -22.51 -455.10 392.66 0.08 0.36
Operating Cash Flow to Interest Expense		 18.09 16.59 11.63 5.25 2.09 6.43 8.05 28.21 1.11 0.71
Operating Cash Flow Less CapEx to Interest Expense		 -14.26 -69.52 -26.69 -2.26 -2.29 4.44 22.10 -34.81 -3.51 -1.47
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.05 0.05 0.05 0.05 0.04 0.04 0.03 0.04 0.04 0.04
Fixed Asset Turnover		 2.56 2.49 2.50 2.65 2.32 2.54 2.44 3.05 3.35 3.36
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 1,115 1,190 2,525 2,632 3,431 5,433 29,405 5,810 6,266 6,537
Invested Capital Turnover		 0.40 0.39 0.30 0.26 0.21 0.26 0.08 0.09 0.29 0.27
Increase / (Decrease) in Invested Capital		 28 75 1,335 107 799 2,002 23,972 -23,595 456 271
Enterprise Value (EV)		 768 1,422 1,971 1,717 2,912 766 4,825 4,877 5,974 6,806
Market Capitalization		 1,408 1,741 2,132 1,860 2,542 4,590 5,127 5,455 6,240 7,552
Book Value per Share		 $43.74 $46.85 $78.82 $64.78 $70.33 $65.51 $68.79 $68.07 $72.74 $77.21
Tangible Book Value per Share		 $27.81 $31.23 $42.18 $35.60 $39.13 $41.17 $44.31 $40.72 $46.29 $51.13
Total Capital		 1,115 1,190 2,525 2,632 3,431 5,433 5,203 5,810 6,266 6,537
Total Debt		 55 55 216 266 1,058 785 400 735 733 646
Total Long-Term Debt		 0.00 0.00 0.00 0.00 116 390 0.00 392 392 392
Net Debt		 -641 -319 -161 -143 369 -3,824 -303 -577 -266 -746
Capital Expenditures (CapEx)		 334 716 652 406 379 166 -725 3,867 2,272 1,576
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 55 55 216 266 1,058 785 24,602 735 733 646
Total Depreciation and Amortization (D&A)		 34 31 36 43 40 69 101 92 79 76
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $4.15 $4.22 $2.95 $4.90 $5.40 $2.20 $6.76 $6.65 $6.50 $7.01
Adjusted Weighted Average Basic Shares Outstanding		 23.97M 24.00M 29.69M 36.53M 34.56M 54.76M 70.39M 74.55M 76.05M 76.30M
Adjusted Diluted Earnings per Share		 $4.11 $4.18 $2.93 $4.86 $5.36 $2.19 $6.71 $6.60 $6.46 $6.97
Adjusted Weighted Average Diluted Shares Outstanding		 24.22M 24.22M 29.92M 36.78M 34.80M 55.06M 70.89M 75.18M 76.48M 76.76M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 24.18M 29.23M 36.79M 35.37M 33.60M 71.03M 68.85M 75.85M 0.00 101.36M
Normalized Net Operating Profit after Tax (NOPAT)		 107 107 111 203 190 133 538 520 525 553
Normalized NOPAT Margin		 24.18% 23.90% 20.15% 30.76% 29.35% 11.68% 38.75% 31.63% 30.17% 32.20%
Pre Tax Income Margin		 33.92% 34.53% 30.75% 34.03% 35.57% 9.14% 43.55% 38.50% 36.27% 40.77%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 14.56 18.52 9.92 4.15 2.66 1.24 11.70 10.32 1.28 0.96
NOPAT to Interest Expense		 9.63 12.18 5.15 3.31 2.15 1.44 9.21 8.09 1.01 0.74
EBIT Less CapEx to Interest Expense		 -17.79 -67.60 -28.40 -3.36 -1.72 -0.74 25.75 -52.70 -3.34 -1.21
NOPAT Less CapEx to Interest Expense		 -22.72 -73.94 -33.17 -4.20 -2.23 -0.54 23.26 -54.94 -3.62 -1.43
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 23.84% 28.91% 44.11% 28.26% 30.94% 81.45% 28.46% 29.57% 31.60% 30.46%
Augmented Payout Ratio		 29.50% 34.82% 50.41% 67.72% 116.43% 108.34% 59.46% 53.62% 34.85% 33.59%

Quarterly Metrics and Ratios for SouthState

This table displays calculated financial ratios and metrics derived from SouthState's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 25.47% 31.26% 30.23% 9.04% -1.65% -8.64% -8.20% -3.07% -0.42% 7.29%
EBITDA Growth		 8.33% 27.58% 31.74% 0.92% -8.65% -23.66% -13.53% 7.81% 16.01% 32.87%
EBIT Growth		 11.37% 35.26% 40.51% 3.83% -8.05% -25.26% -14.25% 9.44% 18.58% 37.16%
NOPAT Growth		 8.35% 34.31% 39.47% 3.58% -6.69% -25.58% -17.77% 7.23% 15.33% 35.01%
Net Income Growth		 8.35% 34.31% 39.47% 3.58% -6.69% -25.58% -17.77% 7.23% 15.33% 35.01%
EPS Growth		 0.57% 24.34% 31.65% 3.18% -7.43% -26.46% -18.03% 6.79% 14.81% 35.25%
Operating Cash Flow Growth		 240.10% 1,352.82% -89.74% -19.45% -26.33% -277.70% 367.59% -59.39% -154.92% 229.15%
Free Cash Flow Firm Growth		 785.35% 199.47% -302.50% -122.40% -202.32% -101.47% 202.59% 89.99% 85.79% 63.79%
Invested Capital Growth		 0.00% -80.24% 28.92% 10.28% 0.00% 7.85% -19.67% 2.80% 16.34% 4.32%
Revenue Q/Q Growth		 8.15% 5.51% -1.48% -3.02% -2.45% -1.98% -1.01% 2.40% 0.22% 5.61%
EBITDA Q/Q Growth		 9.96% 5.59% -2.43% -10.92% -0.47% -11.76% 10.52% 11.08% 7.09% 1.07%
EBIT Q/Q Growth		 12.47% 6.83% -2.04% -11.78% -0.40% -13.17% 12.40% 12.59% 7.92% 0.43%
NOPAT Q/Q Growth		 11.64% 7.86% -2.49% -11.78% 0.56% -13.98% 7.74% 15.05% 8.17% 0.70%
Net Income Q/Q Growth		 11.64% 7.86% -2.49% -11.78% 0.56% -13.98% 7.74% 15.05% 8.17% 0.70%
EPS Q/Q Growth		 11.47% 8.00% -3.17% -11.48% 0.00% -14.20% 7.91% 15.33% 7.51% 1.08%
Operating Cash Flow Q/Q Growth		 57.36% -74.70% -61.53% 425.88% 43.92% -161.04% 201.22% -54.32% -294.61% 243.55%
Free Cash Flow Firm Q/Q Growth		 2,735.48% 321.78% -106.73% 70.26% -1,112.49% 93.94% 569.20% -102.90% -1,620.69% 84.54%
Invested Capital Q/Q Growth		 -100.00% 0.00% 33.28% -17.14% -8.32% 6.51% -0.73% 6.05% 3.75% -4.49%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 44.45% 44.48% 44.05% 40.47% 41.28% 37.17% 41.50% 45.01% 48.10% 46.03%
EBIT Margin		 39.29% 39.78% 39.55% 35.98% 36.73% 32.54% 36.95% 40.62% 43.75% 41.60%
Profit (Net Income) Margin		 30.56% 31.24% 30.91% 28.12% 28.99% 25.44% 27.69% 31.11% 33.58% 32.02%
Tax Burden Percent		 77.77% 78.52% 78.16% 78.16% 78.92% 78.19% 74.95% 76.58% 76.76% 76.96%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 22.23% 21.48% 21.84% 21.84% 21.08% 21.81% 25.05% 23.42% 23.24% 23.04%
Return on Invested Capital (ROIC)		 0.00% 2.92% 7.87% 8.21% 17.54% 7.33% 6.75% 8.08% 8.90% 8.59%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 2.92% 7.87% 8.21% 17.54% 7.33% 6.75% 8.08% 8.90% 8.59%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 7.49% 2.51% 1.51% 2.19% 1.01% 1.98% 1.53% 1.27% 1.04%
Return on Equity (ROE)		 0.00% 10.40% 10.38% 9.73% 19.72% 8.34% 8.73% 9.61% 10.17% 9.63%
Cash Return on Invested Capital (CROIC)		 0.00% 136.82% -17.47% -0.96% -181.95% 0.63% 28.54% 4.59% -7.29% 4.13%
Operating Return on Assets (OROA)		 0.00% 1.53% 1.52% 1.41% 1.45% 1.27% 1.40% 1.52% 1.62% 1.57%
Return on Assets (ROA)		 0.00% 1.20% 1.19% 1.10% 1.15% 1.00% 1.05% 1.16% 1.24% 1.20%
Return on Common Equity (ROCE)		 0.00% 10.40% 10.38% 9.73% 19.72% 8.34% 8.73% 9.61% 10.17% 9.63%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 10.20% 10.21% 10.15% 0.00% 8.46% 8.47% 8.42% 0.00%
Net Operating Profit after Tax (NOPAT)		 133 144 140 123 124 107 115 132 143 144
NOPAT Margin		 30.56% 31.24% 30.91% 28.12% 28.99% 25.44% 27.69% 31.11% 33.58% 32.02%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 42.47% 40.35% 41.46% 43.78% 45.03% 46.08% 47.50% 46.92% 46.59% 45.00%
Operating Expenses to Revenue		 55.22% 49.96% 53.14% 55.27% 55.63% 65.10% 60.00% 58.46% 57.89% 56.98%
Earnings before Interest and Taxes (EBIT)		 171 183 179 158 157 137 154 173 187 187
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 194 204 199 178 177 156 172 192 205 207
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 1.07 0.98 0.90 0.94 1.13 1.14 1.01 1.24 1.28
Price to Tangible Book Value (P/TBV)		 0.00 1.80 1.60 1.47 1.54 1.77 1.79 1.57 1.88 1.94
Price to Revenue (P/Rev)		 3.64 3.32 2.93 2.68 2.77 3.59 3.71 3.39 4.35 4.40
Price to Earnings (P/E)		 12.17 11.00 9.59 8.86 9.30 12.62 13.47 11.98 14.75 14.12
Dividend Yield		 2.67% 3.44% 3.68% 3.97% 3.88% 2.49% 2.48% 2.77% 2.18% 2.14%
Earnings Yield		 8.22% 9.09% 10.43% 11.29% 10.76% 7.92% 7.42% 8.35% 6.78% 7.08%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.84 0.60 0.69 0.72 0.95 0.93 0.84 1.03 1.04
Enterprise Value to Revenue (EV/Rev)		 0.00 2.97 2.67 2.46 2.39 3.43 3.40 3.29 4.19 3.96
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 6.73 6.03 5.67 5.62 8.42 8.48 7.98 9.74 8.77
Enterprise Value to EBIT (EV/EBIT)		 0.00 7.70 6.81 6.37 6.29 9.47 9.56 8.96 10.87 9.72
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 9.83 8.71 8.14 8.02 12.09 12.33 11.62 14.20 12.73
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 2.82 3.85 3.87 4.37 10.93 7.56 9.59 0.00 13.29
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.20 0.00 0.00 0.00 155.95 2.90 18.62 0.00 25.77
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.00 0.14 0.06 0.21 0.12 0.13 0.12 0.17 0.16 0.11
Long-Term Debt to Equity		 0.00 0.08 0.00 0.07 0.07 0.07 0.07 0.07 0.07 0.07
Financial Leverage		 0.00 2.57 0.32 0.18 0.12 0.14 0.29 0.19 0.14 0.12
Leverage Ratio		 0.00 8.68 8.74 8.82 8.60 8.37 8.34 8.27 8.18 7.99
Compound Leverage Factor		 0.00 8.68 8.74 8.82 8.60 8.37 8.34 8.27 8.18 7.99
Debt to Total Capital		 0.00% 12.65% 5.59% 17.56% 11.08% 11.70% 10.82% 14.34% 13.73% 9.89%
Short-Term Debt to Total Capital		 0.00% 5.90% 5.59% 11.45% 4.42% 5.44% 4.52% 8.40% 8.01% 3.90%
Long-Term Debt to Total Capital		 0.00% 6.75% 0.00% 6.11% 6.66% 6.25% 6.30% 5.94% 5.72% 5.99%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 87.35% 94.41% 82.44% 88.92% 88.30% 89.18% 85.66% 86.27% 90.11%
Debt to EBITDA		 0.00 1.01 0.40 1.45 0.86 1.03 0.99 1.36 1.30 0.83
Net Debt to EBITDA		 0.00 -0.80 -0.61 -0.50 -0.89 -0.37 -0.79 -0.25 -0.38 -0.96
Long-Term Debt to EBITDA		 0.00 0.54 0.00 0.51 0.52 0.55 0.57 0.56 0.54 0.50
Debt to NOPAT		 0.00 1.48 0.58 2.09 1.23 1.48 1.43 1.98 1.89 1.21
Net Debt to NOPAT		 0.00 -1.16 -0.88 -0.72 -1.28 -0.54 -1.14 -0.36 -0.55 -1.39
Long-Term Debt to NOPAT		 0.00 0.79 0.00 0.73 0.74 0.79 0.83 0.82 0.79 0.73
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 5,628 23,739 -1,597 -475 -5,759 -349 1,639 -48 -818 -126
Operating Cash Flow to CapEx		 67.73% 11.52% 11.30% 36.72% 88.98% -70.08% 96.11% 21.74% -75.50% 93.96%
Free Cash Flow to Firm to Interest Expense		 402.07 851.30 -23.10 -4.08 -39.68 -2.17 9.45 -0.26 -4.25 -0.71
Operating Cash Flow to Interest Expense		 43.58 5.54 0.86 2.68 3.10 -1.70 1.60 0.70 -1.28 1.98
Operating Cash Flow Less CapEx to Interest Expense		 -20.77 -42.54 -6.74 -4.63 -0.38 -4.13 -0.06 -2.52 -2.98 -0.13
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.00 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 0.00 3.05 3.22 3.30 3.44 3.35 3.31 3.26 3.30 3.36
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 0.00 5,810 7,744 6,417 5,883 6,266 6,220 6,597 6,844 6,537
Invested Capital Turnover		 0.00 0.09 0.25 0.29 0.60 0.29 0.24 0.26 0.27 0.27
Increase / (Decrease) in Invested Capital		 -5,495 -23,595 1,737 598 5,883 456 -1,523 180 961 271
Enterprise Value (EV)		 0.00 4,877 4,665 4,397 4,259 5,974 5,787 5,558 7,062 6,806
Market Capitalization		 5,589 5,455 5,135 4,784 4,936 6,240 6,323 5,729 7,336 7,552
Book Value per Share		 $0.00 $68.07 $69.21 $69.68 $68.82 $72.74 $72.70 $74.16 $77.44 $77.21
Tangible Book Value per Share		 $0.00 $40.72 $42.41 $43.00 $42.27 $46.29 $46.40 $47.91 $51.28 $51.13
Total Capital		 0.00 5,810 5,560 6,417 5,883 6,266 6,220 6,597 6,844 6,537
Total Debt		 0.00 735 311 1,127 652 733 673 946 940 646
Total Long-Term Debt		 0.00 392 0.00 392 392 392 392 392 392 392
Net Debt		 0.00 -577 -470 -387 -677 -266 -536 -171 -273 -746
Capital Expenditures (CapEx)		 901 1,340 525 850 505 391 289 583 327 377
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 0.00 735 2,495 1,127 652 733 673 946 940 646
Total Depreciation and Amortization (D&A)		 22 22 20 20 19 19 19 19 19 20
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $1.91 $1.84 $1.62 $1.63 $1.41 $1.51 $1.74 $1.88 $1.88
Adjusted Weighted Average Basic Shares Outstanding		 0.00 74.55M 75.90M 76.06M 76.14M 76.05M 76.30M 76.25M 76.30M 76.30M
Adjusted Diluted Earnings per Share		 $0.00 $1.89 $1.83 $1.62 $1.62 $1.39 $1.50 $1.73 $1.86 $1.88
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 75.18M 76.39M 76.42M 76.57M 76.48M 76.66M 76.61M 76.81M 76.76M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 75.85M 75.92M 76.01M 76.07M 0.00 76.19M 76.25M 76.29M 101.36M
Normalized Net Operating Profit after Tax (NOPAT)		 144 145 147 125 124 128 121 137 146 149
Normalized NOPAT Margin		 33.00% 31.50% 32.54% 28.44% 29.02% 30.56% 29.20% 32.26% 34.17% 33.03%
Pre Tax Income Margin		 39.29% 39.78% 39.55% 35.98% 36.73% 32.54% 36.95% 40.62% 43.75% 41.60%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 12.22 6.55 2.59 1.36 1.08 0.85 0.89 0.96 0.97 1.05
NOPAT to Interest Expense		 9.50 5.15 2.02 1.06 0.86 0.66 0.66 0.73 0.74 0.81
EBIT Less CapEx to Interest Expense		 -52.13 -41.52 -5.01 -5.95 -2.40 -1.58 -0.78 -2.27 -0.73 -1.06
NOPAT Less CapEx to Interest Expense		 -54.85 -42.93 -5.57 -6.25 -2.62 -1.77 -1.00 -2.49 -0.95 -1.30
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 31.13% 29.57% 28.20% 28.27% 29.07% 31.60% 33.79% 33.38% 32.44% 30.46%
Augmented Payout Ratio		 68.04% 53.62% 34.54% 29.75% 30.48% 34.85% 39.88% 38.63% 37.53% 33.59%

Frequently Asked Questions About SouthState's Financials

When does SouthState's fiscal year end?

According to the most recent income statement we have on file, SouthState's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has SouthState's net income changed over the last 9 years?

SouthState's net income appears to be on an upward trend, with a most recent value of $534.78 million in 2024, rising from $99.47 million in 2015. The previous period was $494.31 million in 2023. See SouthState's forecast for analyst expectations on what’s next for the company.

How has SouthState revenue changed over the last 9 years?

Over the last 9 years, SouthState's total revenue changed from $443.33 million in 2015 to $1.72 billion in 2024, a change of 287.5%.

How much debt does SouthState have?

SouthState's total liabilities were at $40.49 billion at the end of 2024, a 2.8% increase from 2023, and a 440.0% increase since 2015.

How much cash does SouthState have?

In the past 9 years, SouthState's cash and equivalents has ranged from $178.66 million in 2015 to $548.39 million in 2022, and is currently $525.51 million as of their latest financial filing in 2024.

How has SouthState's book value per share changed over the last 9 years?

Over the last 9 years, SouthState's book value per share changed from 43.74 in 2015 to 77.21 in 2024, a change of 76.5%.


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This page (NASDAQ:SSB) was last updated on 5/6/2025 by MarketBeat.com Staff
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