SouthState Financials

SSB Stock  USD 111.25  0.23  0.21%   
Based on the measurements of operating efficiency obtained from SouthState's historical financial statements, SouthState is doing better financially today then in previous quarter. It has a moderate probability of reporting better financial numbers in December. At present, SouthState's Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Short and Long Term Debt Total is expected to grow to about 505.7 M, whereas Total Current Liabilities is forecasted to decline to about 95 M. Key indicators impacting SouthState's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.250.2542
Fairly Down
Pretty Stable
Return On Assets0.01060.011
Sufficiently Down
Slightly volatile
Return On Equity0.10.0893
Moderately Up
Pretty Stable
Debt Equity Ratio0.08270.087
Notably Down
Slightly volatile
Operating Income662.4 M630.9 M
Sufficiently Up
Slightly volatile
Current Ratio66.1260.9
Significantly Up
Slightly volatile
The essential information of the day-to-day investment outlook for SouthState includes many different criteria found on its balance sheet. An individual investor should monitor SouthState's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in SouthState.

Net Income

519.02 Million

  
Understanding current and past SouthState Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of SouthState's financial statements are interrelated, with each one affecting the others. For example, an increase in SouthState's assets may result in an increase in income on the income statement.
Please note, the presentation of SouthState's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, SouthState's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of SouthState's management manipulating its earnings.

SouthState Stock Summary

SouthState competes with Pinnacle Financial, Southern First, SmartFinancial,, WSFS Financial, and ServisFirst Bancshares. SouthState Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies. SouthState Corporation was founded in 1933 and is headquartered in Winter Haven, Florida. Southstate Corp operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 4929 people.
Specialization
Financial Services, Banks - Regional
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS8404411097
CUSIP840441109 32023E105 78401V102
LocationSouth Carolina; U.S.A
Business Address1101 First Street
SectorBanks
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.southstatebank.com
Phone863 293 4710
CurrencyUSD - US Dollar

SouthState Key Financial Ratios

SouthState Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets15.9B37.8B42.0B43.9B44.9B47.1B
Net Debt127.2M(4.2B)(149.6M)(156.1M)(280.8M)(294.9M)
Retained Earnings679.9M657.5M997.7M1.3B1.7B1.8B
Cash688.7M4.6B476.7M548.4M762.4M397.4M
Other Assets9.9B23.0B26.7B35.3B29.4B30.9B
Total Liab13.5B390.2M327.1M38.8B39.4B41.3B
Total Current Assets2.6B7.9B5.7B5.9B5.3B3.9B
Common Stock84.4M177.4M173.3M189.3M190.1M199.6M
Other Current Assets9.9B26.6B26.7B364.0M418.6M397.7M
Other Liab137.0M1.3B994.0M392.0M450.8M473.3M
Accounts Payable12.2B30.7B35.1B36.4B41.8B43.9B
Long Term Debt105.6M1.2B327.1M392.3M381.6M400.7M
Inventory6.9M12.3M3.5M1.2M1.1M997.8K
Intangible Assets80.3M206.4M193.7M203.1M88.8M85.8M
Net Receivables1.3M10.5B24.7B29.8B34.3B36.0B
Other Current Liab(700M)31.1B35.4B36.6B(100M)(95M)
Net Tangible Assets1.3B2.9B3.1B3.0B3.5B3.7B
Long Term Debt Total115.9M1.2B410.1M1.0B1.2B1.2B
Capital Surpluse1.6B3.8B3.7B4.2B4.8B5.1B

SouthState Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense86.6M83.6M51.6M61.4M491.8M516.4M
Total Revenue635.1M901.6M1.6B1.6B1.9B2.0B
Gross Profit635.1M901.6M1.6B1.6B1.9B2.0B
Operating Income230.4M104.0M604.3M694.7M630.9M662.4M
Ebit243.3M104.0M576.3M663.3M572.0M600.6M
Ebitda243.5M150.3M639.5M727.9M630.9M662.4M
Income Before Tax230.4M104.0M604.3M633.4M630.9M662.4M
Net Income186.5M120.6M475.5M496.0M494.3M519.0M
Income Tax Expense43.9M(16.7M)128.7M137.3M136.5M143.4M
Tax Provision43.9M(16.7M)128.7M137.3M146.0M81.8M
Net Interest Income504.3M826.5M1.0B1.3B1.5B827.3M
Interest Income590.8M910.0M1.1B1.4B1.9B1.9B

SouthState Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash279.7M3.9B2.2B(5.4B)(313.7M)(298.0M)
Free Cash Flow165.2M520.0M508.8M1.7B507.9M533.3M
Depreciation33.1M46.4M63.1M64.6M58.8M61.8M
Other Non Cash Items(27.1M)409.2M(64.2M)211.1M66.2M69.5M
Dividends Paid57.7M98.3M135.3M146.7M156.2M164.0M
Capital Expenditures15.8M16.9M28.4M17.7M38.9M40.8M
Net Income186.5M120.6M475.5M496.0M494.3M519.0M
End Period Cash Flow688.7M4.6B6.8B1.3B998.9M719.9M
Change To Netincome(25.3M)410.8M16.3M1.3B1.5B1.6B
Investments(795.1M)(1.3B)(2.1B)(5.0B)(2.4B)(2.3B)
Net Borrowings578.1M(620.7M)(74.3M)(237.8M)(214.0M)(203.3M)

SouthState Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining SouthState's current stock value. Our valuation model uses many indicators to compare SouthState value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across SouthState competition to find correlations between indicators driving SouthState's intrinsic value. More Info.
SouthState is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about  0.12  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for SouthState is roughly  8.19 . At present, SouthState's Return On Equity is projected to increase slightly based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the SouthState's earnings, one of the primary drivers of an investment's value.

SouthState Systematic Risk

SouthState's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. SouthState volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on SouthState correlated with the market. If Beta is less than 0 SouthState generally moves in the opposite direction as compared to the market. If SouthState Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one SouthState is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of SouthState is generally in the same direction as the market. If Beta > 1 SouthState moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in SouthState Stock are looking for potential investment opportunities by analyzing not only static indicators but also various SouthState's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of SouthState growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(5.47)

At present, SouthState's Price Earnings To Growth Ratio is projected to drop slightly based on the last few years of reporting.

SouthState November 29, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of SouthState help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of SouthState. We use our internally-developed statistical techniques to arrive at the intrinsic value of SouthState based on widely used predictive technical indicators. In general, we focus on analyzing SouthState Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build SouthState's daily price indicators and compare them against related drivers.

Complementary Tools for SouthState Stock analysis

When running SouthState's price analysis, check to measure SouthState's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SouthState is operating at the current time. Most of SouthState's value examination focuses on studying past and present price action to predict the probability of SouthState's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SouthState's price. Additionally, you may evaluate how the addition of SouthState to your portfolios can decrease your overall portfolio volatility.
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