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Southstate Corp  (SSB)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $91.7100 $-1.59 -1.704%
Day's High: $94.065 Week Perf: 3.11 %
Day's Low: $ 91.48 30 Day Perf: 23.32 %
Volume (M): 1,033 52 Wk High: $ 94.07
Volume (M$): $ 94,764 52 Wk Avg: $77.11
Open: $92.91 52 Wk Low: $63.36



 Market Capitalization (Millions $) 7,030
 Shares Outstanding (Millions) 77
 Employees 2,058
 Revenues (TTM) (Millions $) 1,609
 Net Income (TTM) (Millions $) 469
 Cash Flow (TTM) (Millions $) -787
 Capital Exp. (TTM) (Millions $) 37

Southstate Corp

South State Corporation (formerly First Financial Holdings, Inc. (from July 26, 2013 through June 29, 2014) and SCBT Financial Corporation (from February 20, 2004 through July 25, 2013)), headquartered in Columbia, South Carolina, is a bank holding company incorporated in 1985 under the laws of South Carolina. We provide a wide range of banking services and products to our customers through our wholly-owned bank subsidiary, South State Bank (formerly SCBT) (the “Bank”), a South Carolina-chartered commercial bank that opened for business in 1934. The Bank operates Minis & Co., Inc. and First Southeast 401k Fiduciaries, both wholly owned registered investment advisors, and First Southeast Investor Services, a wholly-owned limited service broker-dealer. We do not engage in any significant operations other than the ownership of our banking subsidiary.

The Company is a legal entity separate and distinct from the Bank. We coordinate the financial resources of the consolidated enterprise and thereby maintain financial, operation and administrative systems that allow centralized evaluation of subsidiary operations and coordination of selected policies and activities. The Company’s operating revenues and net income are derived primarily from cash dividends received from our Bank.

The current regulatory environment for financial institutions includes substantial enforcement activity by the federal banking agencies, the U.S. Department of Justice, the SEC, and other state and federal law enforcement agencies. This environment entails significant potential increases in compliance requirements and associated costs.

We are a bank holding company registered with the Board of Governors of the Federal Reserve System and are subject to the supervision of, and to regular inspection by, the Federal Reserve Board. In addition, as a South Carolina bank holding company organized under the South Carolina Banking and Branching Efficiency Act, we are subject to limitations on sale or merger and to regulation by the South Carolina Board of Financial Institutions (the “SCBFI”). Our Bank is organized as a South Carolina-chartered commercial bank. It is subject to regulation, supervision, and examination by the SCBFI and the FDIC. The following discussion summarizes certain aspects of banking and other laws and regulations that affect the Company and our Bank.

We began operating in 1934 in Orangeburg, South Carolina and have maintained our ability to provide superior customer service while also leveraging our size to offer many products more common to larger banks. We have pursued a growth strategy that relies on organic growth supplemented by the acquisition of select financial institutions or branches in certain market areas.



   Company Address: 1101 First Street South, Suite 202 Winter Haven 33880 FL
   Company Phone Number: 293-4710   Stock Exchange / Ticker: NYSE SSB
   


Customers Net Income grew by SSB's Customers Net Profit Margin grew to

29.37 %

12.77 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK        0.66% 
BPOP        0.4% 
CFG        3.61% 
FCNCA        1.61% 
FITB        1.86% 
NTRS        0.26% 
• View Complete Report
   



Southstate Corp

Southstate Corp's Income per Share Drops by 18.03% in Latest Financial Report - What Does This Mean for the Company?


As a seasoned financial analyst, I closely monitor the performance of various companies to provide insights into their financial health. In this article, I will be analyzing the recent financial results of Southstate Corp and delving into what these figures indicate for the company's future prospects.
Southstate Corp released its earnings report for the financial time-frame ending March 31, 2024. The report reveals a decline in income by 18.03% to $1.50 per share, and a decrease in revenue by 3.985% to $402.81 million year on year. Comparing these figures to the prior reporting period, revenue witnessed a decline of 1.713% from $409.83 million, while income improved by 8.06% from $1.39 per share.

South State Corp

South State Corp's Fiscal Performance Declines in the Fourth Quarter of 2023

South State Corp, a regional banks company, has recently reported disappointing financial results for the fiscal interval ending December 31, 2023. The company's earnings per share (EPS) deteriorated by a significant -20.73%, falling from $1.75 to $1.39. Moreover, its revenue also saw a negative trajectory, sinking by -0.589% to $409.83 million compared to the previous year. These figures indicate a clear decline in the company's overall financial performance.
In comparison to the prior reporting season, South State Corp's profits have fallen from $1.62 per share, showcasing a further downward trend. However, it is worth noting that the company's revenue did show a minimal increase of 3.62% from $395.51 million, which may provide some slight consolation. Nonetheless, this growth fails to mask the fact that the company's EPS and revenue figures have generally been deteriorating.

Southstate Corp

Southstate Corp Faces Sluggish Financial Performance, But Promising Signs Lie Ahead for Investors



As investors eagerly await Southstate Corp's next financial report on February 23, 2024, recent data from the July to September 30, 2023 financial period suggests a somewhat sluggish performance for the regional bank. While the company experienced a decrease in both earnings and revenue, there are indications of potential improvement based on recent market trends.
According to the released numbers, Southstate Corp's earnings declined by 7.43% to $1.62 per share, while revenue experienced a decrease of 3.888% to $395.51 million, compared to the same period in the previous year. These figures are not as promising as those reported by other companies in the Regional Banks industry, which saw revenue gains in the third quarter of 2023.

Southstate Corp

Southstate Corp Unleashes Stellar Revenue Boost Amid Challenging Economic Conditions!


Introduction
Southstate Corp, a leading regional bank, has recently announced its financial results for the period of April to June 30, 2023. The company has reported a significant revenue rise of 4.509%, reaching $400.57 million in comparison to $383.29 million in the corresponding reporting period the previous year. Moreover, Southstate Corp experienced a growth in earnings per share (EPS) by 3.18% to $1.62, compared to $1.57 in the prior year reporting period. These impressive figures showcase the company's resilience and solidity in a competitive market.
Revenue Growth and EPS Boost
Southstate Corp's revenue surge from $383.29 million to $400.57 million demonstrates the company's ability to drive sales and attract customers. The steady increase in revenue highlights successful sales strategies and effective customer engagement. Similarly, the growth in EPS by 3.18% reveals the company's commitment to maximizing profitability and shareholder value even amidst challenging economic conditions. This upward trend in revenue and EPS is a positive indicator of Southstate Corp's overall financial health.

Southstate Corp

Southstate Corp Delivers Stellar Performance and Achieves Memorable Conduct During First Quarter of 2023 Earnings Season

In the world of finance, earnings season is a highly anticipated time when companies report on the financial performance of the past quarter. It provides a snapshot of how well a company is doing and what to expect moving forward. In the first quarter of 2023 earnings season, Southstate Corp reported impressive results that pleased investors and analysts alike.
Southstate Corp, a regional bank located in the southern United States, reported an earnings per share (EPS) increase of 31.65% to $1.83 per share. This significant increase was followed by revenue growth of 17.84% to $419.53 million, compared to the prior year period. These results demonstrate the company's solid financial footing and ability to grow.






 

Southstate's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Southstate does not provide revenue guidance.

Earnings Outlook
Southstate Corp does not provide earnings estimates.

 
Geographic Revenue Dispersion




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