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SouthState (SSB) Financials

$100.54 +4.10 (+4.25%)
As of 03:58 PM 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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 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		 74 99 101 88 179 186 121 476 496 494 535
Consolidated Net Income / (Loss)		 75 99 101 88 179 186 121 476 496 494 535
Net Income / (Loss) Continuing Operations		 75 99 101 88 179 186 121 476 496 494 535
Total Pre-Tax Income 		111 150 154 169 224 230 104 604 633 631 700
Total Revenue		 421 443 446 549 659 648 1,138 1,387 1,645 1,740 1,718
Net Interest Income / (Expense)		 326 328 325 409 513 504 826 1,033 1,336 1,453 1,415
Total Interest Income		 342 338 333 426 567 591 910 1,085 1,397 1,944 2,141
Loans and Leases Interest Income		 320 316 308 390 521 535 851 991 1,178 1,716 1,926
Investment Securities Interest Income		 20 20 22 34 42 46 55 88 172 186 178
Federal Funds Sold and Securities Borrowed Interest Income		 1.79 2.12 2.79 2.71 4.02 9.90 4.20 6.72 47 42 37
Total Interest Expense		 16 10 8.32 17 54 87 84 52 61 492 726
Deposits Interest Expense		 9.30 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		 0.36 0.40 0.57 1.08 2.36 2.63 1.95 1.19 4.50 16 20
Total Non-Interest Income		 95 116 121 140 146 144 311 354 309 287 302
Other Service Charges		 92 102 6.44 6.67 11 8.87 21 28 33 42 52
Net Realized & Unrealized Capital Gains on Investments		 -0.00 -0.49 0.12 1.42 -0.66 2.71 0.05 0.10 0.03 0.04 -0.05
Other Non-Interest Income		 -16 -5.61 115 132 136 132 290 326 276 245 250
Provision for Credit Losses		 6.59 5.86 6.82 12 14 13 236 -165 82 114 16
Total Non-Interest Expense		 303 287 285 368 421 405 798 948 930 995 1,001
Salaries and Employee Benefits		 158 161 165 194 233 235 417 552 555 583 607
Net Occupancy & Equipment Expense		 52 50 55 66 83 83 135 167 169 173 182
Marketing Expense		 4.16 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		 51 52 43 45 48 60 118 90 110 129 126
Amortization Expense		 8.32 8.32 7.58 10 14 13 27 35 33 28 22
Restructuring Charge		 24 6.95 8.08 45 30 4.55 86 67 31 13 20
Other Special Charges		 5.43 4.71 - - - 0.00 0.00 12 0.00 26 3.85
Income Tax Expense		 36 51 53 81 45 44 -17 129 137 137 165
Basic Earnings per Share		 $3.11 $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		 23.90M 23.97M 24.00M 29.69M 36.53M 34.56M 54.76M 70.39M 74.55M 76.05M 76.30M
Diluted Earnings per Share		 $3.08 $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		 24.15M 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		 23.90M 24M 24M 29.70M 35.37M 34.56M 71.03M 68.85M 75.85M - 101.36M
Cash Dividends to Common per Share		 $0.82 $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 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 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 3/31/2025 6/30/2025
Net Income / (Loss) Attributable to Common Shareholders		 144 140 123 124 107 115 132 143 144 89 215
Consolidated Net Income / (Loss)		 144 140 123 124 107 115 132 143 144 89 215
Net Income / (Loss) Continuing Operations		 144 140 123 124 107 115 132 143 144 89 215
Total Pre-Tax Income 		183 179 158 157 137 154 173 187 187 121 282
Total Revenue		 459 453 439 428 420 415 425 426 450 631 665
Net Interest Income / (Expense)		 396 381 362 355 354 344 350 351 370 545 578
Total Interest Income		 424 450 478 501 515 517 531 544 549 809 841
Loans and Leases Interest Income		 360 393 419 444 460 464 478 494 490 725 746
Investment Securities Interest Income		 48 48 47 46 46 45 45 44 45 61 74
Federal Funds Sold and Securities Borrowed Interest Income		 16 8.92 12 11 10 8.25 8.25 6.46 14 23 20
Total Interest Expense		 28 69 116 145 161 173 181 193 179 264 263
Deposits Interest Expense		 20 56 101 134 150 160 165 178 168 246 242
Long-Term Debt Interest Expense		 5.99 10 12 6.90 6.71 8.43 10 9.08 5.90 13 16
Federal Funds Purchased and Securities Sold Interest Expense		 1.95 2.85 3.54 4.29 4.91 4.73 4.98 5.70 4.86 4.91 5.41
Total Non-Interest Income		 63 71 77 73 65 72 75 75 81 86 87
Other Service Charges		 10 9.87 7.86 12 12 13 16 12 11 14 12
Net Realized & Unrealized Capital Gains on Investments		 - 0.05 0.00 0.00 -0.00 0.00 0.00 0.00 -0.05 0.47 0.00
Other Non-Interest Income		 53 61 69 61 53 58 60 63 70 71 74
Provision for Credit Losses		 47 33 38 33 9.89 13 3.89 -6.97 6.37 101 7.51
Total Non-Interest Expense		 229 241 243 238 273 249 249 247 257 409 375
Salaries and Employee Benefits		 140 144 147 146 146 150 151 151 154 196 200
Net Occupancy & Equipment Expense		 42 41 43 44 45 45 46 46 46 67 72
Marketing Expense		 2.67 2.12 1.52 3.01 2.83 1.98 2.59 2.30 2.27 2.29 3.01
Property & Liability Insurance Claims		 6.59 6.29 9.82 8.63 8.33 8.53 7.77 7.48 7.37 11 11
Other Operating Expenses		 28 30 32 30 37 29 29 32 35 41 40
Amortization Expense		 8.03 7.30 7.03 6.62 6.62 6.00 5.74 5.33 5.33 24 24
Restructuring Charge		 1.54 9.41 1.81 0.16 1.78 4.51 5.79 3.30 6.53 68 24
Other Special Charges		 - 0.00 0.00 0.00 26 3.85 0.62 0.00 -0.62 0.00 0.00
Income Tax Expense		 39 39 34 33 30 38 40 43 43 32 67
Basic Earnings per Share		 $1.91 $1.84 $1.62 $1.63 $1.41 $1.51 $1.74 $1.88 $1.88 $0.88 $2.12
Weighted Average Basic Shares Outstanding		 74.55M 75.90M 76.06M 76.14M 76.05M 76.30M 76.25M 76.30M 76.30M 101.41M 101.50M
Diluted Earnings per Share		 $1.89 $1.83 $1.62 $1.62 $1.39 $1.50 $1.73 $1.86 $1.88 $0.87 $2.11
Weighted Average Diluted Shares Outstanding		 75.18M 76.39M 76.42M 76.57M 76.48M 76.66M 76.61M 76.81M 76.76M 101.83M 101.85M
Weighted Average Basic & Diluted Shares Outstanding		 75.85M 75.92M 76.01M 76.07M 0.00 76.19M 76.25M 76.29M 101.36M 101.49M 101.21M
Cash Dividends to Common per Share		 $0.50 $0.50 $0.50 $0.52 $0.52 $0.52 $0.52 $0.54 $0.54 $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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 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		 -62 278 -321 3.18 31 280 3,921 2,112 -5,409 -314 393
Net Cash From Operating Activities		 119 187 138 198 284 181 537 416 1,731 547 512
Net Cash From Continuing Operating Activities		 119 187 138 198 284 181 537 416 1,731 547 512
Net Income / (Loss) Continuing Operations		 75 99 101 88 179 186 121 476 496 494 535
Consolidated Net Income / (Loss)		 75 99 101 88 179 186 121 476 496 494 535
Provision For Loan Losses		 6.59 5.86 6.82 12 14 13 236 -165 82 114 16
Depreciation Expense		 21 21 22 29 36 33 46 63 65 59 57
Amortization Expense		 26 13 8.98 6.85 7.57 7.26 22 38 27 20 19
Non-Cash Adjustments to Reconcile Net Income		 -5.71 35 3.97 89 40 -43 129 158 306 -32 -367
Changes in Operating Assets and Liabilities, net		 -4.83 12 -4.62 -26 7.92 -16 -17 -154 755 -109 252
Net Cash From Investing Activities		 -9.50 -103 -691 -61 -282 -795 1,230 -2,319 -4,860 -1,426 -886
Net Cash From Continuing Investing Activities		 -9.50 -103 -691 -61 -282 -795 1,230 -2,319 -4,860 -1,426 -886
Purchase of Property, Leasehold Improvements and Equipment		 -92 -334 -26 -652 -406 -379 -17 717 -18 -39 -36
Purchase of Investment Securities		 -176 -436 -386 -246 -210 -979 -2,353 -4,164 -2,588 -313 -237
Sale of Property, Leasehold Improvements and Equipment		 3.92 0.04 -690 0.02 0.15 0.01 -149 8.47 -3,849 -2,233 -1,540
Divestitures		 0.00 404 0.00 185 0.00 0.00 2,566 0.00 0.00 0.00 0.00
Sale and/or Maturity of Investments		 255 264 414 652 333 563 1,183 1,120 1,594 1,159 927
Net Cash From Financing Activities		 -171 194 232 -134 30 894 2,154 4,016 -2,280 566 767
Net Cash From Continuing Financing Activities		 -171 194 232 -134 30 894 2,154 4,016 -2,280 566 767
Net Change in Deposits		 -94 201 234 226 115 530 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		 0.83 0.91 0.93 1.06 1.33 1.39 1.54 2.38 2.86 2.77 3.24
Repayment of Debt		 -1.19 -46 -0.01 -391 -540 -150 -1,200 -101 -13 -5,950 -4,100
Repurchase of Common Equity		 -0.92 -5.63 -5.98 -5.51 -71 -159 -32 -147 -119 -16 -17
Payment of Dividends		 -21 -24 -29 -39 -51 -58 -98 -135 -147 -156 -163
Other Financing Activities, Net		 11 68 32 -26 -15 29 81 4.48 -223 -64 31
Cash Interest Paid		 17 12 9.15 18 52 86 87 55 67 441 742
Cash Income Taxes Paid		 36 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 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 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 3/31/2025 6/30/2025
Net Change in Cash & Equivalents		 -1,612 684 -483 -185 -330 211 -92 96 179 1,908 164
Net Cash From Operating Activities		 154 59 312 449 -274 278 127 -247 354 -126 73
Net Cash From Continuing Operating Activities		 154 59 312 449 -274 278 127 -247 354 -126 73
Net Income / (Loss) Continuing Operations		 144 140 123 124 107 115 132 143 144 89 215
Consolidated Net Income / (Loss)		 144 140 123 124 107 115 132 143 144 89 215
Provision For Loan Losses		 47 33 38 33 9.89 13 3.89 -6.97 6.37 101 7.51
Depreciation Expense		 16 15 15 15 14 14 14 14 15 35 40
Amortization Expense		 5.78 5.36 4.84 4.98 4.96 4.82 4.91 4.84 4.78 2.43 3.01
Non-Cash Adjustments to Reconcile Net Income		 15 1.85 -28 92 -98 -8.91 -103 -187 -69 -70 -557
Changes in Operating Assets and Liabilities, net		 -72 -136 159 181 -313 140 75 -215 253 -283 364
Net Cash From Investing Activities		 -1,170 -274 -632 -321 -200 -106 -388 -156 -236 1,865 -511
Net Cash From Continuing Investing Activities		 -1,170 -274 -632 -321 -200 -106 -388 -156 -236 1,865 -511
Purchase of Property, Leasehold Improvements and Equipment		 -3.89 -526 511 -1,867 1,843 -289 274 -7.39 -13 -13 -230
Purchase of Investment Securities		 -16 -64 -109 -61 -79 -55 -53 -93 -36 -3,273 -349
Sale of Property, Leasehold Improvements and Equipment		 -1,337 0.62 -1,361 1,362 -2,234 0.01 -857 -320 -364 276 -275
Sale and/or Maturity of Investments		 187 315 328 246 270 238 249 264 177 4,874 343
Net Cash From Financing Activities		 -597 899 -164 -314 144 39 169 498 61 169 602
Net Cash From Continuing Financing Activities		 -597 899 -164 -314 144 39 169 498 61 169 602
Net Change in Deposits		 -559 51 341 194 114 130 -80 540 423 71 360
Issuance of Debt		 - 2,150 2,700 500 700 1,150 1,400 1,450 - 700 345
Issuance of Common Equity		 1.41 - - 0.71 1.42 0.00 - 0.85 1.57 0.09 1.24
Repurchase of Common Equity		 -0.07 -3.42 -3.61 -0.39 -8.66 -16 -0.14 -0.61 -0.08 -11 -0.10
Payment of Dividends		 -38 -38 -39 -40 -40 -41 -40 -41 -41 -56 -55
Other Financing Activities, Net		 -1.32 -11 37 -68 -23 66 -12 -0.53 -22 165 -49
Cash Interest Paid		 33 55 105 132 150 185 170 195 191 303 250
Cash Income Taxes Paid		 3.53 2.40 60 6.50 6.05 0.15 42 19 50 0.19 72

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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 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		 7,826 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		 230 179 202 256 251 262 363 477 548 511 526
Federal Funds Sold		 181 298 136 4.22 33 378 3,582 - 580 236 594
Interest Bearing Deposits at Other Banks		 7.46 219 36 118 125 49 664 226 184 252 273
Trading Account Securities		 889 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		 3,433 0.00 0.00 0.00 0.00 0.00 24,207 47,555 29,821 31,932 33,438
Loans and Leases		 3,468 - - - - - 24,664 47,856 30,178 32,388 33,903
Allowance for Loan and Lease Losses		 35 - - - - - 457 302 356 457 465
Premises and Equipment, Net		 172 175 184 256 241 317 579 558 521 519 503
Goodwill		 318 338 338 1,000 1,003 1,003 1,564 1,581 1,923 1,923 1,923
Intangible Assets		 49 47 40 74 63 50 163 128 116 89 66
Other Assets		 300 262 256 463 458 535 2,081 1,290 2,154 2,086 2,102
Total Liabilities & Shareholders' Equity		 7,826 8,557 8,901 14,467 14,676 15,922 37,790 41,838 43,919 44,902 46,381
Total Liabilities		 6,841 7,498 7,766 12,158 12,310 13,549 33,142 12,833 38,844 39,369 40,491
Non-Interest Bearing Deposits		 1,640 1,976 2,199 3,047 3,062 3,245 9,711 11,499 13,169 10,649 10,192
Interest Bearing Deposits		 4,821 5,124 5,135 8,485 8,585 8,932 20,983 - 23,182 26,400 27,869
Federal Funds Purchased and Securities Sold		 222 288 314 287 271 57 385 381 214 248 260
Short-Term Debt		 - 55 55 216 266 942 395 400 343 341 255
Long-Term Debt		 101 - - - - 116 390 - 392 392 392
Other Long-Term Liabilities		 58 54 62 122 126 257 1,278 553 1,544 1,339 1,523
Total Equity & Noncontrolling Interests		 985 1,059 1,135 2,309 2,366 2,373 4,648 4,803 5,075 5,533 5,890
Total Preferred & Common Equity		 985 1,059 1,135 2,309 2,366 2,373 4,648 4,803 5,075 5,533 5,890
Total Common Equity		 985 1,059 1,135 2,309 2,366 2,373 4,648 4,803 5,075 5,533 5,890
Common Stock		 762 764 772 1,900 1,840 1,692 3,943 3,826 4,405 4,430 4,451
Retained Earnings		 223 299 371 420 551 680 657 998 1,347 1,685 2,047
Accumulated Other Comprehensive Income / (Loss)		 -0.38 -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 Q1 2025 Q2 2025
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025
Total Assets		 44,924 44,940 44,989 45,145 45,494 46,083 65,135 65,893
Cash and Due from Banks		 558 553 515 478 507 564 688 756
Federal Funds Sold		 - 695 588 493 339 385 2,349 2,465
Interest Bearing Deposits at Other Banks		 223 266 227 238 271 264 263 243
Trading Account Securities		 7,824 7,634 7,299 7,168 7,039 7,240 8,515 8,488
Loans and Leases, Net of Allowance		 -371 31,109 31,569 32,198 32,762 33,080 46,143 46,646
Loans and Leases		 - 31,537 32,017 32,667 33,235 33,548 46,767 47,267
Allowance for Loan and Lease Losses		 371 427 448 470 472 468 624 621
Premises and Equipment, Net		 517 518 517 513 517 507 946 965
Goodwill		 1,923 1,923 1,923 1,923 1,923 1,923 3,088 3,094
Intangible Assets		 110 102 95 83 77 72 455 433
Other Assets		 63,428 2,139 2,258 2,051 2,058 2,048 2,688 2,802
Total Liabilities & Shareholders' Equity		 44,924 44,940 44,989 45,145 45,494 46,083 65,135 65,893
Total Liabilities		 37,491 39,650 39,758 39,598 39,844 40,178 56,511 57,092
Non-Interest Bearing Deposits		 12,423 11,489 11,158 10,546 10,374 10,377 13,757 13,719
Interest Bearing Deposits		 23,979 25,252 25,777 26,632 26,724 27,262 39,580 39,978
Federal Funds Purchased and Securities Sold		 233 247 253 273 288 290 399 364
Short-Term Debt		 311 735 260 281 554 548 281 267
Long-Term Debt		 - 392 392 392 392 392 753 1,100
Other Long-Term Liabilities		 545 1,535 1,918 1,473 1,511 1,310 1,741 1,665
Total Equity & Noncontrolling Interests		 5,249 5,290 5,231 5,547 5,650 5,905 8,624 8,801
Total Preferred & Common Equity		 5,249 5,290 5,231 5,547 5,650 5,905 8,624 8,801
Total Common Equity		 5,249 5,290 5,231 5,547 5,650 5,905 8,624 8,801
Common Stock		 4,414 4,419 4,429 4,421 4,429 4,440 6,921 6,933
Retained Earnings		 1,449 1,534 1,618 1,749 1,842 1,944 2,080 2,240
Accumulated Other Comprehensive Income / (Loss)		 -614 -662 -816 -623 -620 -480 -377 -372

Annual Metrics And Ratios for SouthState

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

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 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		 28.73% 5.29% 0.61% 23.08% 20.03% -1.69% 75.60% 21.96% 18.56% 5.75% -1.25%
EBITDA Growth		 65.23% 16.55% -0.13% 10.71% 30.90% 1.23% -36.28% 308.79% 2.81% -2.13% 9.37%
EBIT Growth		 49.42% 34.95% 2.44% 9.58% 32.85% 2.75% -54.88% 481.19% 4.81% -0.40% 11.00%
NOPAT Growth		 53.27% 31.86% 1.82% -13.55% 104.30% 4.26% -35.31% 294.21% 4.31% -0.35% 8.19%
Net Income Growth		 53.27% 31.86% 1.82% -13.55% 104.30% 4.26% -35.31% 294.21% 4.31% -0.35% 8.19%
EPS Growth		 29.41% 33.44% 1.70% -29.90% 65.87% 10.29% -59.14% 206.39% -1.64% -2.12% 7.89%
Operating Cash Flow Growth		 -51.05% 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		 115.44% -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		 0.24% 2.62% 6.77% 112.22% 4.24% 30.34% 58.35% 441.23% -80.24% 7.85% 4.32%
Revenue Q/Q Growth		 0.43% 0.86% -1.40% 8.39% 2.36% 0.00% 0.00% -0.96% 7.12% -2.23% 1.81%
EBITDA Q/Q Growth		 50.60% -2.92% -4.62% 4.06% 8.04% 560.60% 214.46% 10.94% 6.49% -6.38% 7.07%
EBIT Q/Q Growth		 9.32% 5.05% -0.23% 3.30% 9.08% 0.00% 0.00% 12.74% 8.13% -6.82% 7.82%
NOPAT Q/Q Growth		 10.65% 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		 10.65% 4.50% -1.32% -19.90% 35.21% 0.00% 0.00% 4.53% 7.98% -6.91% 7.52%
EPS Q/Q Growth		 14.50% 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		 -28.62% 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		 1.98% 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		 1.69% 1.01% 0.89% 47.15% 5.97% 0.85% -9.57% 435.11% 0.00% 6.51% -4.49%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 37.67% 41.70% 41.39% 37.22% 40.60% 41.80% 15.17% 50.85% 44.09% 40.81% 45.19%
EBIT Margin		 26.46% 33.92% 34.53% 30.75% 34.03% 35.57% 9.14% 43.55% 38.50% 36.27% 40.77%
Profit (Net Income) Margin		 17.92% 22.44% 22.71% 15.95% 27.14% 28.79% 10.60% 34.28% 30.16% 28.42% 31.13%
Tax Burden Percent		 67.70% 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% 100.00%
Effective Tax Rate		 32.30% 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)		 6.95% 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)		 6.95% 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)		 0.72% 0.69% 0.44% 0.37% 0.72% 1.72% 0.71% 7.33% 7.23% 1.13% 1.01%
Return on Equity (ROE)		 7.67% 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)		 6.71% 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)		 1.41% 1.84% 1.76% 1.44% 1.54% 1.51% 0.39% 1.52% 1.48% 1.42% 1.53%
Return on Assets (ROA)		 0.96% 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)		 7.67% 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)		 7.66% 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)		 75 99 101 88 179 186 121 476 496 494 535
NOPAT Margin		 17.92% 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% 0.00%
SG&A Expenses to Revenue		 50.86% 48.56% 49.86% 48.23% 48.69% 49.70% 48.89% 52.37% 44.55% 44.04% 46.48%
Operating Expenses to Revenue		 71.97% 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)		 111 150 154 169 224 230 104 604 633 631 700
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 159 185 185 204 268 271 173 705 725 710 776
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.30 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)		 2.08 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)		 3.05 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)		 17.26 14.16 17.19 24.35 10.40 13.63 38.05 10.78 11.00 12.62 14.12
Dividend Yield		 1.54% 1.69% 1.68% 1.81% 2.71% 2.22% 2.91% 2.61% 3.44% 2.49% 2.14%
Earnings Yield		 5.79% 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)		 0.89 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)		 2.30 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)		 6.10 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)		 8.68 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)		 12.82 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)		 8.15 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)		 13.28 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		 0.10 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		 0.10 0.00 0.00 0.00 0.00 0.05 0.08 0.00 0.08 0.07 0.07
Financial Leverage		 0.10 0.08 0.05 0.08 0.10 0.28 0.26 2.69 2.57 0.14 0.12
Leverage Ratio		 8.01 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 8.01 7.96 6.79 6.23 6.46 7.65 8.43 8.68 8.37 7.99
Debt to Total Capital		 9.32% 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		 0.00% 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		 9.32% 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% 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% 0.00%
Common Equity to Total Capital		 90.68% 95.05% 95.35% 91.43% 89.89% 69.16% 85.55% 92.31% 87.35% 88.30% 90.11%
Debt to EBITDA		 0.64 0.30 0.30 1.06 0.99 3.91 4.55 0.57 1.01 1.03 0.83
Net Debt to EBITDA		 -2.00 -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		 0.64 0.00 0.00 0.00 0.00 0.43 2.26 0.00 0.54 0.55 0.50
Debt to NOPAT		 1.34 0.55 0.55 2.47 1.49 5.67 6.51 0.84 1.48 1.48 1.21
Net Debt to NOPAT		 -4.20 -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		 1.34 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% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 73 71 26 -1,248 72 -612 -1,881 -23,497 24,091 38 264
Operating Cash Flow to CapEx		 134.22% 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		 4.65 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		 7.58 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		 1.93 -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 0.05 0.04 0.04 0.03 0.04 0.04 0.04
Fixed Asset Turnover		 2.34 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		 1,086 1,115 1,190 2,525 2,632 3,431 5,433 29,405 5,810 6,266 6,537
Invested Capital Turnover		 0.39 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		 2.60 28 75 1,335 107 799 2,002 23,972 -23,595 456 271
Enterprise Value (EV)		 967 768 1,422 1,971 1,717 2,912 766 4,825 4,877 5,974 6,806
Market Capitalization		 1,284 1,408 1,741 2,132 1,860 2,542 4,590 5,127 5,455 6,240 7,552
Book Value per Share		 $40.80 $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		 $25.60 $27.81 $31.23 $42.18 $35.60 $39.13 $41.17 $44.31 $40.72 $46.29 $51.13
Total Capital		 1,086 1,115 1,190 2,525 2,632 3,431 5,433 5,203 5,810 6,266 6,537
Total Debt		 101 55 55 216 266 1,058 785 400 735 733 646
Total Long-Term Debt		 101 0.00 0.00 0.00 0.00 116 390 0.00 392 392 392
Net Debt		 -317 -641 -319 -161 -143 369 -3,824 -303 -577 -266 -746
Capital Expenditures (CapEx)		 88 334 716 652 406 379 166 -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 0.00
Net Nonoperating Obligations (NNO)		 101 55 55 216 266 1,058 785 24,602 735 733 646
Total Depreciation and Amortization (D&A)		 47 34 31 36 43 40 69 101 92 79 76
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.11 $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		 23.90M 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		 $3.08 $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		 24.15M 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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 24.16M 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)		 95 107 107 111 203 190 133 538 520 525 553
Normalized NOPAT Margin		 22.64% 24.18% 23.90% 20.15% 30.76% 29.35% 11.68% 38.75% 31.63% 30.17% 32.20%
Pre Tax Income Margin		 26.46% 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		 7.11 14.56 18.52 9.92 4.15 2.66 1.24 11.70 10.32 1.28 0.96
NOPAT to Interest Expense		 4.82 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		 1.47 -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		 -0.83 -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		 27.65% 23.84% 28.91% 44.11% 28.26% 30.94% 81.45% 28.46% 29.57% 31.60% 30.46%
Augmented Payout Ratio		 28.87% 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 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
Period end date 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 3/31/2025 6/30/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 31.26% 30.23% 9.04% -1.65% -8.64% -8.20% -3.07% -0.42% 7.29% 51.78% 56.24%
EBITDA Growth		 27.58% 31.74% 0.92% -8.65% -23.66% -13.53% 7.81% 16.01% 32.87% -7.81% 69.67%
EBIT Growth		 35.26% 40.51% 3.83% -8.05% -25.26% -14.25% 9.44% 18.58% 37.16% -21.02% 63.26%
NOPAT Growth		 34.31% 39.47% 3.58% -6.69% -25.58% -17.77% 7.23% 15.33% 35.01% -22.58% 62.59%
Net Income Growth		 34.31% 39.47% 3.58% -6.69% -25.58% -17.77% 7.23% 15.33% 35.01% -22.58% 62.59%
EPS Growth		 24.34% 31.65% 3.18% -7.43% -26.46% -18.03% 6.79% 14.81% 35.25% -42.00% 21.97%
Operating Cash Flow Growth		 1,352.82% -89.74% -19.45% -26.33% -277.70% 367.59% -59.39% -154.92% 229.15% -145.47% -42.75%
Free Cash Flow Firm Growth		 199.47% -302.50% -122.40% -202.32% -101.47% 202.59% 89.99% 85.79% 63.79% -304.37% -6,957.56%
Invested Capital Growth		 -80.24% 28.92% 10.28% 0.00% 7.85% -19.67% 2.80% 16.34% 4.32% 55.27% 54.13%
Revenue Q/Q Growth		 5.51% -1.48% -3.02% -2.45% -1.98% -1.01% 2.40% 0.22% 5.61% 40.04% 5.41%
EBITDA Q/Q Growth		 5.59% -2.43% -10.92% -0.47% -11.76% 10.52% 11.08% 7.09% 1.07% -23.32% 104.44%
EBIT Q/Q Growth		 6.83% -2.04% -11.78% -0.40% -13.17% 12.40% 12.59% 7.92% 0.43% -35.28% 132.75%
NOPAT Q/Q Growth		 7.86% -2.49% -11.78% 0.56% -13.98% 7.74% 15.05% 8.17% 0.70% -38.22% 141.61%
Net Income Q/Q Growth		 7.86% -2.49% -11.78% 0.56% -13.98% 7.74% 15.05% 8.17% 0.70% -38.22% 141.61%
EPS Q/Q Growth		 8.00% -3.17% -11.48% 0.00% -14.20% 7.91% 15.33% 7.51% 1.08% -53.72% 142.53%
Operating Cash Flow Q/Q Growth		 -74.70% -61.53% 425.88% 43.92% -161.04% 201.22% -54.32% -294.61% 243.55% -135.64% 157.51%
Free Cash Flow Firm Q/Q Growth		 321.78% -106.73% 70.26% -1,112.49% 93.94% 569.20% -102.90% -1,620.69% 84.54% -2,547.80% -0.21%
Invested Capital Q/Q Growth		 0.00% 33.28% -17.14% -8.32% 6.51% -0.73% 6.05% 3.75% -4.49% 47.75% 5.28%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 44.48% 44.05% 40.47% 41.28% 37.17% 41.50% 45.01% 48.10% 46.03% 25.20% 48.88%
EBIT Margin		 39.78% 39.55% 35.98% 36.73% 32.54% 36.95% 40.62% 43.75% 41.60% 19.23% 42.45%
Profit (Net Income) Margin		 31.24% 30.91% 28.12% 28.99% 25.44% 27.69% 31.11% 33.58% 32.02% 14.13% 32.38%
Tax Burden Percent		 78.52% 78.16% 78.16% 78.92% 78.19% 74.95% 76.58% 76.76% 76.96% 73.47% 76.27%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 21.48% 21.84% 21.84% 21.08% 21.81% 25.05% 23.42% 23.24% 23.04% 26.53% 23.73%
Return on Invested Capital (ROIC)		 2.92% 7.87% 8.21% 17.54% 7.33% 6.75% 8.08% 8.90% 8.59% 3.44% 8.39%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.92% 7.87% 8.21% 17.54% 7.33% 6.75% 8.08% 8.90% 8.59% 3.44% 8.39%
Return on Net Nonoperating Assets (RNNOA)		 7.49% 2.51% 1.51% 2.19% 1.01% 1.98% 1.53% 1.27% 1.04% 0.41% 1.34%
Return on Equity (ROE)		 10.40% 10.38% 9.73% 19.72% 8.34% 8.73% 9.61% 10.17% 9.63% 3.85% 9.73%
Cash Return on Invested Capital (CROIC)		 136.82% -17.47% -0.96% -181.95% 0.63% 28.54% 4.59% -7.29% 4.13% -36.89% -35.54%
Operating Return on Assets (OROA)		 1.53% 1.52% 1.41% 1.45% 1.27% 1.40% 1.52% 1.62% 1.57% 0.67% 1.66%
Return on Assets (ROA)		 1.20% 1.19% 1.10% 1.15% 1.00% 1.05% 1.16% 1.24% 1.20% 0.50% 1.26%
Return on Common Equity (ROCE)		 10.40% 10.38% 9.73% 19.72% 8.34% 8.73% 9.61% 10.17% 9.63% 3.85% 9.73%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 10.20% 10.21% 10.15% 0.00% 8.46% 8.47% 8.42% 0.00% 5.90% 6.72%
Net Operating Profit after Tax (NOPAT)		 144 140 123 124 107 115 132 143 144 89 215
NOPAT Margin		 31.24% 30.91% 28.12% 28.99% 25.44% 27.69% 31.11% 33.58% 32.02% 14.13% 32.38%
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% 0.00%
SG&A Expenses to Revenue		 40.35% 41.46% 43.78% 45.03% 46.08% 47.50% 46.92% 46.59% 45.00% 42.01% 41.34%
Operating Expenses to Revenue		 49.96% 53.14% 55.27% 55.63% 65.10% 60.00% 58.46% 57.89% 56.98% 64.83% 56.42%
Earnings before Interest and Taxes (EBIT)		 183 179 158 157 137 154 173 187 187 121 282
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 204 199 178 177 156 172 192 205 207 159 325
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.07 0.98 0.90 0.94 1.13 1.14 1.01 1.24 1.28 1.09 1.06
Price to Tangible Book Value (P/TBV)		 1.80 1.60 1.47 1.54 1.77 1.79 1.57 1.88 1.94 1.85 1.77
Price to Revenue (P/Rev)		 3.32 2.93 2.68 2.77 3.59 3.71 3.39 4.35 4.40 4.87 4.30
Price to Earnings (P/E)		 11.00 9.59 8.86 9.30 12.62 13.47 11.98 14.75 14.12 18.49 15.79
Dividend Yield		 3.44% 3.68% 3.97% 3.88% 2.49% 2.48% 2.77% 2.18% 2.14% 2.31% 2.35%
Earnings Yield		 9.09% 10.43% 11.29% 10.76% 7.92% 7.42% 8.35% 6.78% 7.08% 5.41% 6.33%
Enterprise Value to Invested Capital (EV/IC)		 0.84 0.60 0.69 0.72 0.95 0.93 0.84 1.03 1.04 0.74 0.71
Enterprise Value to Revenue (EV/Rev)		 2.97 2.67 2.46 2.39 3.43 3.40 3.29 4.19 3.96 3.70 3.33
Enterprise Value to EBITDA (EV/EBITDA)		 6.73 6.03 5.67 5.62 8.42 8.48 7.98 9.74 8.77 9.36 8.08
Enterprise Value to EBIT (EV/EBIT)		 7.70 6.81 6.37 6.29 9.47 9.56 8.96 10.87 9.72 10.69 9.32
Enterprise Value to NOPAT (EV/NOPAT)		 9.83 8.71 8.14 8.02 12.09 12.33 11.62 14.20 12.73 14.04 12.24
Enterprise Value to Operating Cash Flow (EV/OCF)		 2.82 3.85 3.87 4.37 10.93 7.56 9.59 0.00 13.29 66.11 134.55
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.20 0.00 0.00 0.00 155.95 2.90 18.62 0.00 25.77 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.14 0.06 0.21 0.12 0.13 0.12 0.17 0.16 0.11 0.12 0.16
Long-Term Debt to Equity		 0.08 0.00 0.07 0.07 0.07 0.07 0.07 0.07 0.07 0.09 0.13
Financial Leverage		 2.57 0.32 0.18 0.12 0.14 0.29 0.19 0.14 0.12 0.12 0.16
Leverage Ratio		 8.68 8.74 8.82 8.60 8.37 8.34 8.27 8.18 7.99 7.78 7.71
Compound Leverage Factor		 8.68 8.74 8.82 8.60 8.37 8.34 8.27 8.18 7.99 7.78 7.71
Debt to Total Capital		 12.65% 5.59% 17.56% 11.08% 11.70% 10.82% 14.34% 13.73% 9.89% 10.70% 13.44%
Short-Term Debt to Total Capital		 5.90% 5.59% 11.45% 4.42% 5.44% 4.52% 8.40% 8.01% 3.90% 2.91% 2.62%
Long-Term Debt to Total Capital		 6.75% 0.00% 6.11% 6.66% 6.25% 6.30% 5.94% 5.72% 5.99% 7.79% 10.82%
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% 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% 0.00%
Common Equity to Total Capital		 87.35% 94.41% 82.44% 88.92% 88.30% 89.18% 85.66% 86.27% 90.11% 89.30% 86.56%
Debt to EBITDA		 1.01 0.40 1.45 0.86 1.03 0.99 1.36 1.30 0.83 1.35 1.52
Net Debt to EBITDA		 -0.80 -0.61 -0.50 -0.89 -0.37 -0.79 -0.25 -0.38 -0.96 -2.97 -2.34
Long-Term Debt to EBITDA		 0.54 0.00 0.51 0.52 0.55 0.57 0.56 0.54 0.50 0.99 1.23
Debt to NOPAT		 1.48 0.58 2.09 1.23 1.48 1.43 1.98 1.89 1.21 2.03 2.31
Net Debt to NOPAT		 -1.16 -0.88 -0.72 -1.28 -0.54 -1.14 -0.36 -0.55 -1.39 -4.45 -3.55
Long-Term Debt to NOPAT		 0.79 0.00 0.73 0.74 0.79 0.83 0.82 0.79 0.73 1.48 1.86
Noncontrolling Interest Sharing Ratio		 0.00% 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)		 23,739 -1,597 -475 -5,759 -349 1,639 -48 -818 -126 -3,349 -3,356
Operating Cash Flow to CapEx		 11.52% 11.30% 36.72% 88.98% -70.08% 96.11% 21.74% -75.50% 93.96% 0.00% 14.37%
Free Cash Flow to Firm to Interest Expense		 851.30 -23.10 -4.08 -39.68 -2.17 9.45 -0.26 -4.25 -0.71 -12.68 -12.78
Operating Cash Flow to Interest Expense		 5.54 0.86 2.68 3.10 -1.70 1.60 0.70 -1.28 1.98 -0.48 0.28
Operating Cash Flow Less CapEx to Interest Expense		 -42.54 -6.74 -4.63 -0.38 -4.13 -0.06 -2.52 -2.98 -0.13 0.52 -1.65
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 3.05 3.22 3.30 3.44 3.35 3.31 3.26 3.30 3.36 2.65 2.93
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 5,810 7,744 6,417 5,883 6,266 6,220 6,597 6,844 6,537 9,658 10,167
Invested Capital Turnover		 0.09 0.25 0.29 0.60 0.29 0.24 0.26 0.27 0.27 0.24 0.26
Increase / (Decrease) in Invested Capital		 -23,595 1,737 598 5,883 456 -1,523 180 961 271 3,438 3,571
Enterprise Value (EV)		 4,877 4,665 4,397 4,259 5,974 5,787 5,558 7,062 6,806 7,142 7,243
Market Capitalization		 5,455 5,135 4,784 4,936 6,240 6,323 5,729 7,336 7,552 9,409 9,340
Book Value per Share		 $68.07 $69.21 $69.68 $68.82 $72.74 $72.70 $74.16 $77.44 $77.21 $85.08 $86.72
Tangible Book Value per Share		 $40.72 $42.41 $43.00 $42.27 $46.29 $46.40 $47.91 $51.28 $51.13 $50.12 $51.96
Total Capital		 5,810 5,560 6,417 5,883 6,266 6,220 6,597 6,844 6,537 9,658 10,167
Total Debt		 735 311 1,127 652 733 673 946 940 646 1,033 1,366
Total Long-Term Debt		 392 0.00 392 392 392 392 392 392 392 753 1,100
Net Debt		 -577 -470 -387 -677 -266 -536 -171 -273 -746 -2,266 -2,098
Capital Expenditures (CapEx)		 1,340 525 850 505 391 289 583 327 377 -263 505
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 735 2,495 1,127 652 733 673 946 940 646 1,033 1,366
Total Depreciation and Amortization (D&A)		 22 20 20 19 19 19 19 19 20 38 43
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.91 $1.84 $1.62 $1.63 $1.41 $1.51 $1.74 $1.88 $1.88 $0.88 $2.12
Adjusted Weighted Average Basic Shares Outstanding		 74.55M 75.90M 76.06M 76.14M 76.05M 76.30M 76.25M 76.30M 76.30M 101.41M 101.50M
Adjusted Diluted Earnings per Share		 $1.89 $1.83 $1.62 $1.62 $1.39 $1.50 $1.73 $1.86 $1.88 $0.87 $2.11
Adjusted Weighted Average Diluted Shares Outstanding		 75.18M 76.39M 76.42M 76.57M 76.48M 76.66M 76.61M 76.81M 76.76M 101.83M 101.85M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 75.85M 75.92M 76.01M 76.07M 0.00 76.19M 76.25M 76.29M 101.36M 101.49M 101.21M
Normalized Net Operating Profit after Tax (NOPAT)		 145 147 125 124 128 121 137 146 149 139 234
Normalized NOPAT Margin		 31.50% 32.54% 28.44% 29.02% 30.56% 29.20% 32.26% 34.17% 33.03% 22.05% 35.17%
Pre Tax Income Margin		 39.78% 39.55% 35.98% 36.73% 32.54% 36.95% 40.62% 43.75% 41.60% 19.23% 42.45%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 6.55 2.59 1.36 1.08 0.85 0.89 0.96 0.97 1.05 0.46 1.07
NOPAT to Interest Expense		 5.15 2.02 1.06 0.86 0.66 0.66 0.73 0.74 0.81 0.34 0.82
EBIT Less CapEx to Interest Expense		 -41.52 -5.01 -5.95 -2.40 -1.58 -0.78 -2.27 -0.73 -1.06 1.46 -0.85
NOPAT Less CapEx to Interest Expense		 -42.93 -5.57 -6.25 -2.62 -1.77 -1.00 -2.49 -0.95 -1.30 1.34 -1.10
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 29.57% 28.20% 28.27% 29.07% 31.60% 33.79% 33.38% 32.44% 30.46% 34.98% 32.64%
Augmented Payout Ratio		 53.62% 34.54% 29.75% 30.48% 34.85% 39.88% 38.63% 37.53% 33.59% 37.34% 34.66%

Key Financial Trends

SouthState Corp (NASDAQ: SSB) Financial Overview – Last Four Years

SouthState Corp has demonstrated solid financial growth and operational resilience over the past four years, as reflected in its income statements, balance sheets, and cash flow statements up to Q2 2025. Here are the key financial highlights and trends:

  • Consistent Net Income Growth: The company’s consolidated net income increased from $106.8 million in Q4 2023 to $215.2 million in Q2 2025, nearly doubling in approximately 1.5 years, demonstrating strong profitability growth.
  • Rising Net Interest Income: Net interest income grew from $354 million in Q4 2023 to $578 million in Q2 2025, benefiting from increased loans, leases, and investment interest income.
  • Loan and Lease Portfolio Expansion: Loans and leases grew substantially from around $32 billion in Q3 2023 to about $47.3 billion in Q2 2025, showing strong lending activity which fuels interest income.
  • Strong Operating Cash Flow Generation: Net cash from operating activities was positive by $72.6 million in Q2 2025 and has averaged solid inflows in recent quarters, supporting the firm's liquidity and reinvestment capacity.
  • Deposit Growth: Customer deposits showed an increase over time, with interest bearing deposits rising to $39.98 billion by Q2 2025, indicating customer trust and stable funding sources.
  • Moderate Dividend Payouts: The company has paid consistent dividends of approximately $0.54 per share recently, which provides income to shareholders but could limit cash available for other uses.
  • Stable Shares Outstanding: Weighted average diluted shares outstanding have remained steady near 101.8 million shares in 2025, indicating no major dilution from equity issuance or buybacks in recent periods.
  • Increased Property, Equipment, and Investment Spending: Capital expenditures and purchases of investment securities have risen, with $229.8 million spent on property and equipment in Q2 2025 and substantial investments and sales activity; this reflects investment in growth but also increases cash outflows.
  • Rising Provisions for Loan Losses: Provision expenses have fluctuated and were $7.5 million in Q2 2025, up slightly from prior quarters, suggesting some caution due to credit risks which may pressure earnings if losses increase.
  • Significant Restructuring and Non-Cash Adjustments: Restructuring charges and large negative non-cash adjustments (e.g., -$557 million in Q2 2025 cash flow adjustments) signal ongoing operational changes or accounting entries that may cause volatility in reported cash flows.

Summary: SouthState has exhibited strong growth in key areas such as net income, interest income, and loan portfolio size. The company is successfully leveraging deposits into loans while maintaining stable profitability and dividends. However, investors should watch provisions for loan losses and operational restructuring charges as potential risks. The recent investments in fixed assets and securities demonstrate an ongoing commitment to growth and service capability enhancement.

Overall, SouthState’s financial trajectory appears positive with expanding earnings and solid asset growth, balancing investment and shareholder returns cautiously amid manageable risks.

08/22/25 09:28 PMAI Generated. May Contain Errors.

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 10 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 $75.44 million in 2014. 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's revenue changed over the last 10 years?

Over the last 10 years, SouthState's total revenue changed from $421.06 million in 2014 to $1.72 billion in 2024, a change of 308.0%.

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 491.9% increase since 2014.

How much cash does SouthState have?

In the past 10 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 10 years?

Over the last 10 years, SouthState's book value per share changed from 40.80 in 2014 to 77.21 in 2024, a change of 89.2%.


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This page (NYSE:SSB) was last updated on 8/22/2025 by MarketBeat.com Staff
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