Annual Income Statements for SouthState Bank
This table shows SouthState Bank's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for SouthState Bank
This table shows SouthState Bank'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 |
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 Bank
This table details how cash moves in and out of SouthState Bank'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 |
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 Bank
This table details how cash moves in and out of SouthState Bank'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 |
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 Bank
This table presents SouthState Bank'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 |
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 Bank
This table presents SouthState Bank'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 |
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 Bank
This table displays calculated financial ratios and metrics derived from SouthState Bank's official financial filings.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
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 Bank
This table displays calculated financial ratios and metrics derived from SouthState Bank'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 |
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 Bank (NYSE:SSB) has demonstrated solid financial performance and growth over the last four years, with key metrics indicating strength in revenue generation, profitability, and asset growth, albeit with some notable cash flow and expense fluctuations.
Positive Trends:
- Consistent increase in consolidated net income from approximately $106.8 million in Q3 2023 to $215.2 million in Q2 2025, showing strong earnings growth.
- Net interest income has risen steadily, reaching $577.9 million in Q2 2025 from $355.4 million in Q3 2023, indicating an expanding core banking margin.
- Total assets grew from about $45 billion in early 2023 to nearly $66 billion by Q2 2025, reflecting business expansion and loan growth.
- Loans and leases net of allowance increased to $46.6 billion in Q2 2025 from around $31.5 billion in Q3 2023, signaling strong lending momentum.
- Dividend per share increased slightly from $0.50 in early 2023 to $0.54 by Q2 2025, suggesting management’s confidence in steady cash flow and returns to shareholders.
- Stable issuance and repayment of debt suggest disciplined capital management, with long-term debt increasing moderately in line with growth.
- Operating cash flow turned positive significantly in Q2 2025 ($72.6 million) from negative in Q1 2025 (-$126.3 million) and prior periods, reflecting improving operational efficiency.
- Non-interest income, including service charges and other income, increased steadily to approximately $86.8 million by Q2 2025, diversifying revenue.
Neutral Observations:
- Provision for credit losses fluctuated significantly, from negative (release) in Q3 2024 (-$6.97 million) to $7.5 million in Q2 2025, indicating some variability in loan risk assessment.
- Amortization and depreciation expenses are relatively consistent but sizable, reflecting ongoing investment in physical and intangible assets.
- Weighted average shares outstanding have remained stable around 101 million, providing consistency for EPS calculations.
Negative Considerations:
- Net cash from investing activities was significantly negative, notably -$510.5 million in Q2 2025, due to high purchasing of property, equipment, and investments, which may pressure short-term liquidity.
- Cash interest paid has increased considerably from $14.4 million in Q3 2022 to $250.1 million in Q2 2025, indicating rising interest expense pressures on net income.
- Net cash from continuing operating activities saw volatile swings including significant negative cash flows in quarters such as Q1 2025 (-$126 million), suggesting some working capital or asset-liability management challenges.
- Restructuring charges and other special charges have increased over time, with a notable $24.3 million in Q2 2025, reflecting some ongoing costs reducing operational efficiency.
- Accumulated other comprehensive loss remains negative and sizeable (-$372 million in Q2 2025), which may relate to unrealized losses on securities and affects equity.
Summary: SouthState Bank has shown robust earnings growth and asset expansion, supported by strong loan portfolio growth and diversified income streams. The bank's profitability metrics, including EPS growth and dividend increases, are positive signs for investors. However, investors should watch for fluctuations in credit provisions, rising interest expenses, and significant outflows from investing activities which could impact liquidity and future profitability. Ongoing restructuring costs and comprehensive loss are also points to monitor for operational efficiency.
10/03/25 01:21 AM ETAI Generated. May Contain Errors.