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SouthState Bank Corporation

SSB Financial Banks Regional

SouthState Bank Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.8 billion, up 53.8% from fiscal 2024.

Revenue
−2.24%
EPS
−5.33%
Free cash flow
+286.0%
Total debt
+72.2%

Quarter to September 2026, against a year earlier

104.94 1.71 −1.60%
Market cap
$10.1B
P/E
11.1×
Fwd P/E
11.3×
Dividend yield
2.97%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Insider Decisions last twelve months

Sold, $m 6.29
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 1 — 1 — — — 3 — — —
Insider Ownership 1.50%

Capital & Financial Ratios $m

Size
Market Cap 10,120.00
Revenue ttm 3,765.18
Net income ttm 927.36
Free cash flow ttm 1,561.33
Net debt Q (2,535.22)
Valuation
P/E 11.12
Forward P/E 11.30
Price / sales 2.70
Forward P/S Powerpack
Price / FCF 6.51
Price / book 1.12
Financial health
Current ratio Q 0.95
Debt / equity Q 0.06
Interest coverage Q —
Growth
Revenue growth Q −2.24% (below 0%: shrinking)
Operating income growth Q −9.66% (below 0%: shrinking)
EPS, this year +18.83% (at or above 15%: strong)
EPS, next year A +9.59%
Revenue, next year A −27.50% (below 0%: weak)
EPS, past 5 yrs +29.15% (at or above 15%: strong)
EPS, next 5 yrs A +13.14%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 13.38%
10-year low 10-year high
P/S against its own 10 years 16.35%
10-year low 10-year high
P/B against its own 10 years 44.33%
10-year low 10-year high

Dividends raised every year since 2018

Yield
2.97%
Annual rate
3.12
Payout ratio
33.2%
Growth, 2018–26
+7.82%/yr
  1. 1.38 ’18
  2. 1.67 ’19 +21
  3. 1.88 ’20 +13
  4. 1.92 ’21 +2
  5. 1.98 ’22 +3
  6. 2.04 ’23 +3
  7. 2.12 ’24 +4
  8. 2.28 ’25 +8
  9. 2.52 ’26 +11
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,030 1,495 3,283 3,116
Receivables — — — —
Inventory — — — —
Other — — — —
33,013 35,212 51,641 54,877
2023 2024 2025 Q'26
Payables 37,049 38,061 55,146 57,638
ST’ Debt — — — —
Other — — — —
37,290 38,316 55,457 57,856

Compound Annual Growth %

10y 5y 3y
Sales 23.54% 25.20% 30.10%
Cash Flow 4.88% (10.94%) (44.19%)
Earnings 23.16% 45.94% 17.21%
Book Value 23.94% 14.28% 21.31%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 2.39 Actual 2.30

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 2.30 2.47 Beat by 0.17
Q1 FY26 2.21 2.28 Beat by 0.07
Q2 FY26 2.33 2.35 Beat by 0.02
Q3 FY26 2.39 2.30 Miss by 0.09
Q4 FY26 2.42 — Reports 28 January 2027

EPS $

Mar Jun Sep Dec Year
’26 2.28 2.35 2.30 — —
’25 0.87 2.11 2.42 2.46 7.87
’24 1.50 1.73 1.86 1.87 6.97
’23 1.83 1.62 1.62 1.39 6.46
’22 1.39 1.57 1.75 1.88 6.60
’21 2.06 1.39 1.74 1.52 6.71
’20 0.71 (1.96) 1.34 1.21 2.19
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 917 935 959 — —
’25 895 927 981 954 3,757
’24 589 606 619 629 2,444
’23 522 555 573 581 2,231
’22 357 413 449 487 1,706
’21 375 347 358 359 1,439
’20 192 235 410 384 1,221
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 299 274 760 — —
’25 (126) 73 122 232 301
’24 278 127 (247) 354 512
’23 59 312 449 (274) 547
’22 579 388 610 154 1,731
’21 299 (50) 179 (12) 416
’20 41 29 286 181 537
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 287 282 743 — —
’25 324 55 192 250 821
’24 276 123 (252) 344 491
’23 54 311 439 (284) 520
’22 580 386 609 144 1,719
’21 301 (40) 179 (1) 438
’20 40 24 288 194 546
Fiscal quarters ending in the months shown.

Valuation

The price implies the dividend a share growing 15.7% a year for ten years. It grew 8.8% a year over the last ten.

Implied
15.7%
10 years, reported
8.8%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 454 566 713 734 1,221 1,439 1,706 2,231 2,444 3,757 3,765 +26.5% 2,724 2,917 3,124 (6.0%)
Gross margin, % 98.17 96.99 92.43 88.21 93.16 96.41 96.40 77.96 70.29 71.36 71.89 (26.8) pt
EBT 154 169 224 230 104 604 633 631 700 1,040 1,196 +23.6%
EBT margin, % 33.90 29.82 31.45 31.38 8.51 41.99 37.12 28.27 28.66 27.69 31.77 (6.2) pt
Net income 101 88 179 186 121 476 496 494 535 799 927 +25.8%
Per share, $
Per share, $ Revenue 18.93 19.07 19.52 21.25 22.30 20.44 22.89 29.34 32.03 37.18 38.85 +7.8%
Earnings 4.22 2.95 4.90 5.40 2.20 6.76 6.65 6.50 7.01 7.90 9.44 +7.2%
Cash flow 5.75 6.67 7.77 5.24 9.81 5.91 23.22 7.19 6.71 2.98 16.15 (7.1%)
Capex (1.07) (0.51) (0.01) (0.21) 0.17 0.32 (0.15) (0.35) (0.27) 5.15 (0.04) n/m
Free cash flow 4.68 6.16 7.75 5.03 9.98 6.23 23.06 6.84 6.44 8.13 16.11 +6.3%
Book value 47.28 77.78 64.78 68.66 84.88 68.23 68.07 72.76 77.20 89.66 93.35 +7.4%
Shares, m 24 30 37 35 55 70 75 76 76 101 98 +17.3%
Valuation, ×
Valuation, × P/E 20.69 29.12 12.26 16.06 54.77 11.87 11.45 13.10 14.17 11.88 11.12 19.5
P/S 4.61 4.58 3.07 4.08 3.24 3.92 3.32 2.90 3.11 2.53 2.70 3.5
P/B 1.85 1.12 0.93 1.26 0.85 1.17 1.12 1.17 1.29 1.05 1.12 1.2
EV/Sales 3.91 4.30 2.87 4.18 (0.23) (0.54) 2.66 2.59 2.60 1.74 — 2.4
EV/FCF 15.82 13.31 7.23 17.65 (0.51) (1.78) 2.64 11.12 12.94 7.96 — 8.6
Cash, $m
Cash, $m Operating cash flow 138 198 284 181 537 416 1,731 547 512 301 1,565 +9.0%
Capex (26) (15) 0 (7) 9 23 (12) (26) (21) 520 (4) n/m
Free cash flow 112 183 283 174 546 438 1,719 520 491 821 1,561 +24.7%
Balance, $m
Balance, $m Working capital (580) (796) (524) (358) (1,972) (4,838) (5,499) (4,277) (3,104) (3,816) (2,978) +23.3%
Net debt (319) (161) (143) 68 (4,235) (6,418) (1,130) (682) (1,235) (2,976) (2,535) +28.2%
Shareholders’ equity 1,135 2,309 2,366 2,373 4,648 4,803 5,075 5,533 5,890 9,059 9,047 +26.0%
Returns, %
Returns, % ROA 1.16 0.75 1.23 1.22 0.45 1.19 1.16 1.11 1.17 1.41 1.36 +0.3 pt
ROIC 12.43 6.21 7.14 6.02 28.76 0.00 10.52 8.13 9.40 10.69 11.25 (1.7) pt
ROE 9.23 5.09 7.65 7.87 3.44 10.06 10.04 9.32 9.36 10.68 10.27 +1.5 pt
People
People Employees 2,055 2,719 2,602 2,547 5,184 4,929 4,921 5,070 4,986 6,190 — +13.0%
Revenue/emp, $m 0.22 0.21 0.27 0.29 0.24 0.29 0.35 0.44 0.49 0.61 — +11.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 3 Nov 2026

Business profile

Updated

SouthState Bank Corporation is a financial holding company headquartered in Winter Haven, Florida. Its chief executive officer is John C. Corbett. It provides banking services through its wholly owned subsidiary, SouthState Bank, National Association, and has no significant operations other than ownership of that bank.

The bank takes deposits and makes loans to businesses and individuals. Its lending includes commercial real estate, residential mortgages, business credit and consumer loans. Customers can use checking, savings, money market and time deposit accounts, as well as online, mobile and telephone banking. Businesses can also use treasury and merchant services to manage payments and cash.

SouthState Bank Corporation vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FHN First Horizon Corporation $11.0B 16.4× 16.5× −39.55% (below 0%: shrinking) n/m +664.86% (above 0%: growing) 52.50% 0.00% Compare
WTFC Wintrust Financial Corporation $10.2B 11.5× 11.4× +4.06% (above 0%: growing) +21.28% (above 0%: growing) −23.80% (below 0%: shrinking) 66.53% 0.00% Compare
UMBF UMB Financial Corporation $10.2B 10.1× 9.8× +4.21% (above 0%: growing) +53.84% (above 0%: growing) +39.21% (above 0%: growing) 68.49% 0.00% Compare
SSB SouthState Bank Corporation $10.1B 11.1× 11.3× −2.24% (below 0%: shrinking) −5.33% (below 0%: shrinking) +285.97% (above 0%: growing) 71.49% 0.00%
CIB Grupo Cibest S.A. - Sponsored ADR $10.1B 18.0× — +178.87% (above 0%: growing) +85.47% (above 0%: growing) −187.28% (below 0%: shrinking) 71.39% 0.00% Compare
BPOP Popular, Inc. $9.8B 10.5× 9.7× +4.48% (above 0%: growing) +40.78% (above 0%: growing) +46.43% (above 0%: growing) 75.20% 0.00% Compare
CFR Cullen/Frost Bankers, Inc. $9.7B 14.6× 14.2× +2.95% (above 0%: growing) +6.37% (above 0%: growing) +21.44% (above 0%: growing) 78.65% 0.00% Compare
ONB Old National Bancorp $9.5B 10.2× 9.8× −0.23% (below 0%: shrinking) +43.48% (above 0%: growing) +11.48% (above 0%: growing) 68.19% 0.00% Compare
ZION Zions Bancorporation, N.A. $9.5B 8.0× 8.2× −0.80% (below 0%: shrinking) +20.27% (above 0%: growing) +518.28% (above 0%: growing) 70.88% 0.00% Compare
Median of peers $9.9B 11.0× 9.8× +3.51% +40.78% +30.33% 69.69% 0.00%

All 327 Banks Regional stocks →

From the latest earnings call

Updated

  • CEO John Corbett said loans and deposits each grew 9% annualized in the third quarter, while the net interest margin held flat at 3.78%.
  • Corbett said the loan pipeline had dipped as rates rose, but he expected full-year 2026 loan growth in the high single digits.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 87.86%
Held by the ten largest 44.63%
Holder Shares Stake Change
Vanguard 11.56m 11.92% +154.91k
BlackRock 9.83m 10.13% +352.71k
Dimensional Fund Advisors 5.10m 5.26% +169.83k
State Street 3.86m 3.98% +123.55k
T. Rowe Price 2.67m 2.75% −98.08k
Invesco 2.30m 2.37% +167.94k
American Century 2.09m 2.15% −22.83k
Fidelity (FMR) 2.08m 2.15% +345.50k
Geode Capital Management 1.95m 2.01% −10.25k
Franklin Templeton 1.84m 1.90% +61.03k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 3 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 7.63m 8.27m 147.00
2024 6.22m 7.71m 131.00
2023 5.17m 6.00m 108.00
2022 5.37m 6.40m 95.00
2021 5.31m 6.00m 97.00

Ownership

Directors and executive officers, together less than 1%
The Vanguard Group100 Vanguard BoulevardMalvern, PA 11.07%
BlackRock, Inc.50 Hudson YardsNew York, NY 8.80%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

SouthState Bank Corporation (SSB) Latest News

29 Oct

Impact 4 · · The Motley Fool

23 Oct

Impact 3 · · StockStory
Impact 3 · · StockStory

22 Oct

Impact 4 · · MarketBeat
Impact 4 · · Moby transcript
Impact 3 · · Simply Wall St. earnings
Impact 3 · · The Motley Fool transcript

21 Oct

Impact 3 · · Zacks
Impact 3 · · StockStory

20 Oct

Impact 3 · · Zacks

19 Oct

Impact 3 · · StockStory

1 Oct

Impact 3 · · StockStory

8 Sep

Impact 3 ·

25 Aug

Impact 3 ·

17 Aug

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4 Aug

Impact 4 ·

1 Aug

Impact 3 ·

24 Jul

Impact 4 · · Moby transcript
Impact 3 ·
Impact 3 · · MarketBeat transcript
Impact 3 ·

23 Jul

Impact 3 ·
Impact 3 ·

10 Jul

Impact 3 ·

2 Jul

Impact 3 ·

15 Jun

Impact 3 ·

25 May

Impact 4 · · Zacks

27 Apr

Impact 3 · · MarketBeat

25 Apr

Impact 4 · · GuruFocus.com
Impact 3 · · StockStory

SSB metrics, ten years each

stockrow.com/SSB · Data as of Nov 3, 2026 · For information only; not investment advice. · © 2026 stockrow.com