SouthState Corporation

SSB

US8404411097

Banks

Market Closed - Nyse Other stock markets 04:00:02 2024-04-25 pm EDT			5-day change	1st Jan Change
78.96 ^USD	-1.47%		+3.19%	-6.50%

11:54am	SouthState Keeps Quarterly Cash Dividend at $0.52 a Share, Payable May 17 to Holders of Record May 10	MT
11:29am	SouthState Q1 Adjusted Earnings, Revenue Decline	MT

SouthState Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022

October 24, 2022 at 04:01 pm EDT

SouthState Corporation reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net interest income was USD 358.21 million compared to USD 259.99 million a year ago. Net income was USD 133.04 million compared to USD 122.79 million a year ago. Basic earnings per share from continuing operations was USD 1.76 compared to USD 1.75 a year ago. Diluted earnings per share from continuing operations was USD 1.75 compared to USD 1.74 a year ago.
For the nine months, net interest income was USD 933.96 million compared to USD 775.11 million a year ago. Net income was USD 352.55 million compared to USD 368.7 million a year ago. Basic earnings per share from continuing operations was USD 4.75 compared to USD 5.22 a year ago. Diluted earnings per share from continuing operations was USD 4.71 compared to USD 5.19 a year ago.

Latest news about SouthState Corporation

SouthState Keeps Quarterly Cash Dividend at $0.52 a Share, Payable May 17 to Holders of Record May 10	05:54am	MT
SouthState Q1 Adjusted Earnings, Revenue Decline	05:29am	MT
Earnings Flash (SSB) SOUTHSTATE CORPORATION Reports Q1 EPS $1.58, vs. Street Est of $1.55	Apr. 25	MT
SouthState Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 25	CI
Truist Securities Trims Price Target on SouthState to $89 From $90, Keeps Hold Rating	Apr. 01	MT
Southstate Insider Sold Shares Worth $401,065, According to a Recent SEC Filing	Mar. 21	MT
Southstate Insider Sold Shares Worth $344,621, According to a Recent SEC Filing	Jan. 29	MT
UBS Adjusts SouthState Price Target to $90 From $88, Maintains Neutral Rating	Jan. 29	MT
Transcript : SouthState Corporation, Q4 2023 Earnings Call, Jan 26, 2024	Jan. 26
SouthState Q4 Adjusted Earnings, Revenue Decline; Quarterly Dividend Maintained	Jan. 25	MT
Earnings Flash (SSB) SOUTHSTATE CORPORATION Reports Q4 EPS $1.67, vs. Street Est of $1.54	Jan. 25	MT
Tranche Update on SouthState Corporation's Equity Buyback Plan announced on June 8, 2022.	Jan. 25	CI
Tranche Update on SouthState Corporation's Equity Buyback Plan announced on January 27, 2021.	Jan. 25	CI
SouthState Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 25	CI
SouthState Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Jan. 25	CI
SouthState Corporation Declares Quarterly Cash Dividend, Payable on February 16, 2024	Jan. 25	CI
North American Morning Briefing : Boeing Drags -2-	Jan. 08	DJ
Raymond James Downgrades SouthState to Market Perform From Outperform	Jan. 05	MT
Stephens Initiates SouthState at Equal-Weight Rating $78 Price Target	Dec. 19	MT
SouthState Corporation(NYSE:SSB) dropped from NASDAQ Composite Index	Dec. 18	CI
Truist Securities Adjusts Price Target on SouthState to $93 From $72, Maintains Hold Rating	Dec. 15	MT
SouthState to Transfer Listing to NYSE From Nasdaq	Dec. 08	MT
Southstate Insider Sold Shares Worth $197,132, According to a Recent SEC Filing	Nov. 16	MT
Tranche Update on SouthState Corporation's Equity Buyback Plan announced on January 27, 2021.	Nov. 03	CI
Tranche Update on SouthState Corporation's Equity Buyback Plan announced on June 8, 2022.	Nov. 03	CI

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Company Profile

SouthState Corporation is a financial holding company. The Company offers a range of banking services and products to its customers through its wholly owned bank subsidiary, South State Bank, National Association (the Bank). The Bank provides consumer, commercial, mortgage and wealth management solutions. The Bank's loan portfolio includes commercial real estate loans, residential real estate loans, commercial and industrial loans, and consumer loans. It also offers its customers a variety of deposit products and services, including checking accounts, savings accounts, other deposit accounts and treasury and merchant services, through multiple channels, including its network of approximately 251 full-service branches and online, mobile and telephone banking platforms. Through Corporate Billing, LLC, the Bank provides factoring, invoicing, collection, and accounts receivable management services to transportation companies and automotive parts and service providers.

Sector

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Calendar

09:00am - Q1 2024 Earnings Call

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Ratings for SouthState Corporation

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

78.96 USD

Average target price

93.07 USD

Spread / Average Target

+17.87%

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