SSB Stock Financial Analysis - SouthState Corporation (NYSE) Stock

Overview

SouthState Corporation is a prominent financial services provider based in the United States, specifically headquartered in Winter Haven, Florida. Primarily operating within the banking industry, SouthState offers a comprehensive range of consumer and commercial banking solutions, mortgage and wealth management services across multiple Southeastern states. key projects often focus on strategic mergers and acquisitions, aimed at expanding its market presence and service capabilities. Notable recent activities include the acquisition of Atlantic Capital Bancshares, a move that significantly bolstered its market share and operational scale. Through consistent growth and strategic enhancements, SouthState Corporation continues to strengthen its position as a leading player in the U.S. regional banking sector.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for SouthState Corporation as of June 30, 2025 is 2,064.67 MM.
The operating income for SouthState Corporation as of June 30, 2025 is 981.89 MM.
The net income for SouthState Corporation as of June 30, 2025 is 591.66 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-06-30	2,064.67	981.89	591.66
2025-03-31	1,829.01	831.57	508.81
2024-12-31	1,701.74	782.47	534.78
2024-09-30	1,667.62	755.05	497.40
2024-06-30	1,629.74	724.37	478.36
2024-03-31	1,608.71	706.88	469.44
2023-12-31	1,625.43	732.05	494.31
2023-09-30	1,627.86	751.10	531.02
2023-06-30	1,643.86	777.20	539.92
2023-03-31	1,626.58	770.50	535.65
2022-12-31	1,563.06	720.86	496.05
2022-09-30	1,509.96	676.37	459.39
2022-06-30	1,484.35	662.49	449.14
2022-03-31	1,492.01	679.98	428.92
2021-12-31	1,552.70	738.43	475.54
2021-09-30	1,538.78	684.49	454.93
2021-06-30	1,508.22	652.62	427.37
2021-03-31	1,182.71	404.01	243.47
2020-12-31	901.62	231.15	120.63
2020-09-30	715.59	196.27	83.49

Income Statement: EPS

The earnings per share basic for SouthState Corporation as of June 30, 2025 is 6.66.
The earnings per share diluted for SouthState Corporation as of June 30, 2025 is 6.62.

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-06-30	6.66	6.62
2025-03-31	6.16	6.12
2024-12-31	7.01	6.97
2024-09-30	6.52	6.48
2024-06-30	6.28	6.24
2024-03-31	6.16	6.13
2023-12-31	6.50	6.46
2023-09-30	6.99	6.95
2023-06-30	7.12	7.08
2023-03-31	7.08	7.03
2022-12-31	6.65	6.60
2022-09-30	6.29	6.23
2022-06-30	6.27	6.22
2022-03-31	6.08	6.03
2021-12-31	6.76	6.71
2021-09-30	6.43	6.40
2021-06-30	6.02	5.97
2021-03-31	3.80	3.78
2020-12-31	2.20	2.19
2020-09-30	1.84	1.82

Cash Flow: Operations, Investing, Financing

The cash from operating activities for SouthState Corporation as of June 30, 2025 is 53.83 MM.
The cash from investing activities for SouthState Corporation as of June 30, 2025 is 962.43 MM.
The cash from financing activities for SouthState Corporation as of June 30, 2025 is 1,330.68 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-06-30	53.83	962.43	1,330.68
2025-03-31	108.04	1,084.95	897.24
2024-12-31	511.96	-886.18	767.41
2024-09-30	-116.65	-850.48	850.67
2024-06-30	579.58	-1,014.91	38.74
2024-03-31	765.03	-1,258.55	-293.69
2023-12-31	546.76	-1,426.44	566.00
2023-09-30	975.45	-2,395.55	-174.97
2023-06-30	1,136.09	-2,908.17	-1,535.18
2023-03-31	1,211.51	-3,641.33	-1,766.30
2022-12-31	1,730.89	-4,860.40	-2,279.51
2022-09-30	1,564.20	-4,589.52	-348.79
2022-06-30	1,133.51	-4,264.76	1,547.74
2022-03-31	695.42	-3,061.80	2,585.03
2021-12-31	415.69	-2,319.26	4,015.89
2021-09-30	608.85	-1,532.12	2,749.95
2021-06-30	715.71	-1,172.96	2,498.06
2021-03-31	794.89	598.77	3,317.63
2020-12-31	536.94	1,229.78	2,153.83
2020-09-30	409.42	1,101.87	2,241.15

Valuation Metrics : PE, PriceToBook, PriceToTBV

The p/book for SouthState Corporation as of June 30, 2025 is 1.08.
The p/tbv for SouthState Corporation as of June 30, 2025 is 1.84.

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-06-30		1.08	1.84
2025-03-31		1.59	2.45
2024-12-31	15.43	1.30	2.01
2024-09-30	15.26	1.29	2.05
2024-06-30	12.09	1.02	1.64
2024-03-31		1.16	1.87
2023-12-31	12.08	1.23	2.05
2023-09-30	9.47	0.97	1.61
2023-06-30	9.44	0.96	1.62
2023-03-31	10.89	1.06
2022-12-31		1.17	2.08
2022-09-30		1.19	2.07
2022-06-30		1.12	1.92
2022-03-31	13.06	1.29	2.05
2021-12-31	12.29	1.17	1.85
2021-09-30	12.24	1.10	1.76
2021-06-30
2021-03-31	22.06	1.14	1.83
2020-12-31	44.46	1.15	1.86
2020-09-30	64.20	1.17	1.92

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

The ebit/ev for SouthState Corporation as of June 30, 2025 is 0.09.
The ebit (3y)/ev for SouthState Corporation as of June 30, 2025 is 0.09.

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-06-30	0.09	0.09
2025-03-31	0.08	0.07
2024-12-31	0.08	0.08
2024-09-30	0.08	0.08
2024-06-30	0.11	0.11
2024-03-31	0.10	0.10
2023-12-31	0.11	0.10
2023-09-30	0.14	0.12
2023-06-30	0.14	0.12
2023-03-31	0.13	0.10
2022-12-31	0.15	0.10
2022-09-30	0.24	0.17
2022-06-30	0.57	0.38
2022-03-31	1.27	0.75
2021-12-31	1.12	0.61
2021-09-30	12.94	7.15
2021-06-30
2021-03-31	0.25	0.22
2020-12-31	0.05	0.10
2020-09-30	0.02	0.04

Management Effectiveness

The roa for SouthState Corporation as of June 30, 2025 is 0.01.
The roe for SouthState Corporation as of June 30, 2025 is 0.09.
The roic for SouthState Corporation as of June 30, 2025 is 0.05.
The croic for SouthState Corporation as of June 30, 2025 is 0.20.
The ocroic for SouthState Corporation as of June 30, 2025 is 0.01.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-06-30	0.01	0.09	0.05	0.20	0.01
2025-03-31	0.01	0.10	0.08	0.06	0.07
2024-12-31	0.01	0.09	0.07	-0.02	-0.02
2024-09-30	0.01	0.09	0.07	-0.06	0.08
2024-06-30	0.01	0.09	0.07	-0.12	0.12
2024-03-31	0.01	0.10	0.07	-0.05	0.08
2023-12-31	0.01	0.11	0.08	-0.26	0.16
2023-09-30	0.01	0.11	0.08	-0.49	0.17
2023-06-30	0.01	0.11	0.07	-0.46	0.16
2023-03-31	0.01	0.10	0.08	-0.66	0.19
2022-12-31	0.01	0.10	0.08	-0.58	0.12
2022-09-30	0.01	0.09	0.08	-0.57	0.11
2022-06-30	0.01	0.09	0.07	-0.27	0.09
2022-03-31	0.01	0.10	0.07	0.01	0.06
2021-12-31	0.01	0.10	0.08	0.37	0.10
2021-09-30	0.01	0.09	0.07	0.30	0.12
2021-06-30	0.01	0.10	0.08	0.39	0.14
2021-03-31	0.01	0.10	0.04	0.77	0.13
2020-12-31	0.01	0.05	0.02	0.66	0.09
2020-09-30	0.01	0.04	0.01	0.50	0.05

Gross Margins

The gross margin for SouthState Corporation as of June 30, 2025 is 1.00.
The net margin for SouthState Corporation as of June 30, 2025 is 0.28.
The operating margin for SouthState Corporation as of June 30, 2025 is 0.45.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-06-30	1.00	0.28	0.45
2025-03-31	1.00	0.31	0.46
2024-12-31	1.00	0.30	0.45
2024-09-30	1.00	0.29	0.44
2024-06-30	1.00	0.29	0.44
2024-03-31	1.00	0.30	0.45
2023-12-31	1.00	0.33	0.46
2023-09-30	1.00	0.33	0.47
2023-06-30	1.00	0.33	0.47
2023-03-31	1.00	0.33	0.47
2022-12-31	1.00	0.30	0.45
2022-09-30	1.00	0.30	0.45
2022-06-30	1.00	0.30	0.45
2022-03-31	1.00	0.29	0.45
2021-12-31	1.00	0.31	0.44
2021-09-30	1.00	0.30	0.43
2021-06-30	1.00	0.28	0.42
2021-03-31	1.00	0.21	0.34
2020-12-31		0.13	0.21
2020-09-30	1.00	0.12	0.27