SSB SOUTH STATE Corp

  1. Stocks
  2. Financial Services
  3. NASDAQ: SSB

Price (delayed)

$77.95

Market cap

$5.94B

P/E Ratio

11.99

Dividend/share

$2.06

EPS

$6.5

Enterprise value

$5.93B

SouthState Corporation is a financial services company headquartered in Winter Haven, Florida. South State Bank, N.A., the company's nationally chartered bank subsidiary, provides consumer, commercial, mortgage and wealth management solutions ...

Highlights
The company's equity rose by 9% YoY and by 6% QoQ
The revenue has grown by 4% YoY
The P/E is 24% lower than the 5-year quarterly average of 15.9 but 16% higher than the last 4 quarters average of 10.5
SOUTH STATE's debt has increased by 8% QoQ and by 3.4% YoY
SOUTH STATE's EPS has decreased by 7% QoQ and by 2.3% YoY
Sector: Financial Services
Industry: Banks - Regional
Website: https://www.snl.com/irw/corporateprofile/1019950
Peers: FFIC BHLB BUSE GBCI

Key stats

What are the main financial stats of SSB
Market
Shares outstanding
76.25M
Market cap
$5.94B
Enterprise value
$5.93B
Valuations
Price to earnings (P/E)
11.99
Price to book (P/B)
1.07
Price to sales (P/S)
3.65
EV/EBIT
9.39
EV/EBITDA
8.59
EV/Sales
3.65
Earnings
Revenue
$1.63B
EBIT
$630.85M
EBITDA
$689.68M
Free cash flow
$520.3M
Per share
EPS
$6.5
Free cash flow per share
$6.84
Book value per share
$72.74
Revenue per share
$21.37
TBVPS
$563.97
Balance sheet
Total assets
$44.9B
Total liabilities
$39.37B
Debt
$981.09M
Equity
$5.53B
Working capital
N/A
Liquidity
Debt to equity
0.18
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-0.03
Margins
EBITDA margin
42.4%
Gross margin
100%
Net margin
30.4%
Operating margin
38.8%
Efficiency
Return on assets
1.1%
Return on equity
9.3%
Return on invested capital
1.5%
Return on capital employed
N/A
Return on sales
38.8%
Dividend
Dividend yield
2.64%
DPS
$2.06
Payout ratio
31.7%

SSB stock price

How has the SOUTH STATE stock price performed over time
Intraday
-1.28%
1 week
-0.49%
1 month
-3.69%
1 year
18.59%
YTD
-7.7%
QTD
-8.33%

Financial performance

How have SOUTH STATE's revenue and profit performed over time
Revenue
$1.63B
Gross profit
$1.63B
Operating income
$630.85M
Net income
$494.31M
Gross margin
100%
Net margin
30.4%
The operating income fell by 7% QoQ
SOUTH STATE's net margin has decreased by 7% QoQ and by 4.1% YoY
The net income has decreased by 7% from the previous quarter
SSB's operating margin is down by 7% QoQ and by 4.2% YoY

Growth

What is SOUTH STATE's growth rate over time

Valuation

What is SOUTH STATE stock price valuation
SSB P/E details
P/E
11.99
P/B
1.07
P/S
3.65
EV/EBIT
9.39
EV/EBITDA
8.59
EV/Sales
3.65
The P/E is 24% lower than the 5-year quarterly average of 15.9 but 16% higher than the last 4 quarters average of 10.5
SOUTH STATE's EPS has decreased by 7% QoQ and by 2.3% YoY
The company's equity rose by 9% YoY and by 6% QoQ
The P/B is 9% above the 5-year quarterly average of 1.0 and 9% above the last 4 quarters average of 1.0
The P/S is 9% higher than the last 4 quarters average of 3.4 but 5% lower than the 5-year quarterly average of 3.9
The revenue has grown by 4% YoY

Efficiency

How efficient is SOUTH STATE business performance
SOUTH STATE's return on equity has decreased by 9% QoQ and by 5% YoY
SSB's ROA is down by 8% from the previous quarter
SOUTH STATE's return on sales has decreased by 7% QoQ and by 4.2% YoY
The ROIC fell by 6% QoQ and by 6% YoY

Dividends

What is SSB's dividend history
Dividend details
DPS
$2.06
Dividend yield
2.64%
Payout ratio
31.7%
Recent dividends

Financial health

How did SOUTH STATE financials performed over time
SSB's total assets is 14% greater than its total liabilities
SSB's total assets is up by 2.2% year-on-year
SOUTH STATE's debt is 82% lower than its equity
The company's equity rose by 9% YoY and by 6% QoQ
SOUTH STATE's debt has increased by 8% QoQ and by 3.4% YoY

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.