SouthState Corporation (SSB) is currently priced at $99.26, showing a price increase of $1.42 (1.45%) from the previous close of $97.84. Today's trading volume is $139,637, representing a 15.29% increase compared to the average.
SSB's latest quarterly earnings report, released on Wednesday, April 22nd, exceeded expectations with an EPS of 2.22.
With a forward dividend yield of 2.42%, SSB distributed a dividend per share of 60 cents. The year-over-year change in dividend per share stands at -20.7547 cents.
Cowen & Co. upgraded SSB's rating from "Buy" to "Hold" on April 27, with the stock price at $94.86.
SSB reported a free cash flow of $85.11 million. Notably, the company repurchased common stock worth $181.52 million.
SSB generated a revenue of $916.93 million, resulting in a gross profit of $650.89 million. The net income for the period was $225.82 million, with an EPS of $2.29.
Key ratios for SSB include a gross profit margin of 71%, net profit margin of 24.63%, return on equity of 2.5, and a debt-equity ratio of 14.84.
SSB holds total assets worth $67.98 billion, with total liabilities at $58.95 billion and net debt standing at $741.81 million.
This comprehensive overview provides valuable insights into SSB's current performance and financial standing.
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. It accepts checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposits, money market accounts, and other time deposits. The company also offers commercial real estate loans, residential real estate loans, commercial, and industrial loans, as well as consumer loans, including auto, boat, and personal installment loans. In addition, it provides debit card, mobile and funds transfer products, and treasury management services comprising merchant, automated clearing house, lock-box, remote deposit capture, and other treasury services. Further, the company offers safe deposit boxes, bank money orders, wire transfer, brokerage services, and alternative investment products, including annuities, mutual funds, and trust and asset management services; and credit cards, letters of credit, and home equity lines of credit. As of December 31, 2021, it served customers through 281 branches in Florida, South Carolina, Alabama, Georgia, North Carolina, and Virginia. SouthState Corporation also serves its customers through online, mobile, and telephone banking platforms. The company was formerly known as First Financial Holdings, Inc. and changed its name to SouthState Corporation in July 2013. SouthState Corporation was founded in 1933 and is headquartered in Winter Haven, Florida.