SSB SOUTH STATE Corp

Price (delayed)

$93.3

Market cap

$7.11B

P/E Ratio

15.15

Dividend/share

$2.08

EPS

$6.16

Enterprise value

$6.85B

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
SOUTH STATE's debt has decreased by 48% YoY and by 3.5% QoQ
The company's equity rose by 6% YoY
The P/E is 30% higher than the last 4 quarters average of 11.4 but 7% lower than the 5-year quarterly average of 15.9
SOUTH STATE's EPS has decreased by 13% YoY and by 5% QoQ
The net income has decreased by 12% YoY and by 5% from the previous quarter

Key stats

What are the main financial stats of SSB
Market
Shares outstanding
76.19M
Market cap
$7.11B
Enterprise value
$6.85B
Valuations
Price to book (P/B)
1.28
Price to sales (P/S)
4.43
EV/EBIT
11.31
EV/EBITDA
10.32
EV/Sales
4.26
Earnings
Revenue
$1.61B
EBIT
$605.35M
EBITDA
$663.24M
Free cash flow
$742.3M
Per share
EPS
$6.16
Free cash flow per share
$9.73
Book value per share
$72.75
Revenue per share
$21.08
TBVPS
$565.37
Balance sheet
Total assets
$45.14B
Total liabilities
$39.6B
Debt
$946.5M
Equity
$5.55B
Working capital
N/A
Liquidity
Debt to equity
0.17
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-0.4
Margins
EBITDA margin
41.2%
Gross margin
100%
Net margin
29.2%
Operating margin
37.6%
Efficiency
Return on assets
1%
Return on equity
8.7%
Return on invested capital
1.4%
Return on capital employed
N/A
Return on sales
37.6%
Dividend
Dividend yield
2.23%
DPS
$2.08
Payout ratio
33.8%

SSB stock price

How has the SOUTH STATE stock price performed over time
Intraday
1.98%
1 week
3.49%
1 month
28.11%
1 year
24.18%
YTD
10.48%
QTD
22.09%

Financial performance

How have SOUTH STATE's revenue and profit performed over time
Revenue
$1.61B
Gross profit
$1.61B
Operating income
$605.35M
Net income
$469.44M
Gross margin
100%
Net margin
29.2%
The operating income fell by 12% YoY and by 4% QoQ
The net income has decreased by 12% YoY and by 5% from the previous quarter
SSB's operating margin is down by 11% YoY and by 3.1% QoQ
SOUTH STATE's net margin has decreased by 11% YoY and by 3.9% QoQ

Growth

What is SOUTH STATE's growth rate over time

Valuation

What is SOUTH STATE stock price valuation
P/E
15.15
P/B
1.28
P/S
4.43
EV/EBIT
11.31
EV/EBITDA
10.32
EV/Sales
4.26
The P/E is 30% higher than the last 4 quarters average of 11.4 but 7% lower than the 5-year quarterly average of 15.9
SOUTH STATE's EPS has decreased by 13% YoY and by 5% QoQ
The P/B is 26% above the 5-year quarterly average of 1.0 and 15% above the last 4 quarters average of 1.1
The company's equity rose by 6% YoY
The P/S is 24% higher than the last 4 quarters average of 3.5 and 11% higher than the 5-year quarterly average of 3.9

Efficiency

How efficient is SOUTH STATE business performance
The ROIC fell by 18% YoY and by 7% QoQ
SOUTH STATE's return on equity has decreased by 18% YoY and by 6% QoQ
SSB's ROA is down by 17% YoY and by 9% from the previous quarter
SOUTH STATE's return on sales has decreased by 11% YoY and by 3.1% QoQ

Dividends

What is SSB's dividend history
DPS
$2.08
Dividend yield
2.23%
Payout ratio
33.8%
Recent dividends

Financial health

How did SOUTH STATE financials performed over time
SSB's total assets is 14% greater than its total liabilities
SOUTH STATE's debt is 83% lower than its equity
The debt to equity has dropped by 51% year-on-year and by 6% since the previous quarter
SOUTH STATE's debt has decreased by 48% YoY and by 3.5% QoQ

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