SouthState Bank Corporation (SSB) vs Zions Bancorporation, N.A. (ZION)

SouthState Bank Corporation and Zions Bancorporation, N.A. are both Banks Regional companies. SouthState Bank Corporation and Zions Bancorporation, N.A. are of similar size ($9.9B and $9.2B). Zions Bancorporation, N.A. trades at the lower P/E: 8.1× against 10.7×. SouthState Bank Corporation grew revenue faster over the last twelve months: 23.3% against 3.88%. SouthState Bank Corporation has the higher net margin (25.1% vs 22.6%) and the lower return on invested capital (10.5% vs 15.7%). Both pay a dividend; Zions Bancorporation, N.A. yields more (4.18% vs 2.62%). Across the 20 metrics below, Zions Bancorporation, N.A. leads on 12 and SouthState Bank Corporation on 8.

Valuation

Metric SSB ZION Banks Regional median
P/E 10.71 8.13 12.15
P/S 2.63 1.81 2.37
P/B 1.09 1.23 1.21
Price to free cash flow 9.86 5.55 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.12 1.48 2.27
Earnings yield 9.34% 12.30% 8.11%
Free cash flow yield 10.14% 18.01% 8.98%

Profitability

Metric SSB ZION Banks Regional median
Gross margin 71.82% 72.39% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 25.09% 22.60% 18.66%
Free cash flow margin 26.69% 32.53% 21.18%
Return on equity 10.60% 16.50% 10.64%
Return on assets 1.41% 1.31% 1.13%
Return on invested capital 10.48% 15.66% 8.33%

Growth

Metric SSB ZION Banks Regional median
Revenue growth (TTM) 23.34% 3.88% 6.61%
EPS growth (last fiscal year) 12.91% 21.41% —
Revenue growth, 5-year CAGR 25.20% 10.93% 12.30%
Net income growth, 5-year CAGR 45.94% 12.13% 9.71%

Health

Metric SSB ZION Banks Regional median
Debt to equity 0.06 0.25 0.22
Current ratio 0.94 0.84 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric SSB ZION Banks Regional median
Dividend yield 2.62% 4.18% 3.75%
Payout ratio 0.28 0.29 0.27

Size

Metric SSB ZION Banks Regional median
Market cap 9.88b 9.17b 921.07m

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