SouthState Corporation

SSB

US8404411097

Banks

Market Closed - Nyse Other stock markets 21:00:02 16/07/2024 BST			5-day change	1st Jan Change
90.15 ^USD	+4.23%		+17.89%	+6.75%

07-08	Truist Securities Adjusts Price Target on SouthState to $81 From $84, Maintains Hold Rating	MT
07-01	Bank M&A Rises in Second Quarter But Likely to Remain 'Subdued' in Near Term, Raymond James Says	MT

South State Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2019

January 27, 2020 at 12:30 pm

South State Corporation announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 126.456 million compared to USD 126.392 million a year ago. Net income was USD 49.091 million compared to USD 49.004 million a year ago. Basic earnings per share was USD 1.46 compared to USD 1.36 a year ago. Diluted earnings per share was USD 1.45 compared to USD 1.35 a year ago. For the full year, net interest income was USD 504.275 million compared to USD 513.216 million a year ago. Net income was USD 186.483 million compared to USD 178.871 million a year ago. Basic earnings per share was USD 5.4 compared to USD 4.9 a year ago. Diluted earnings per share was USD 5.36 compared to USD 4.86 a year ago.

Latest news about SouthState Corporation

Truist Securities Adjusts Price Target on SouthState to $81 From $84, Maintains Hold Rating	07-08	MT
Bank M&A Rises in Second Quarter But Likely to Remain 'Subdued' in Near Term, Raymond James Says	07-01	MT
Piper Sandler Adjusts Price Target on SouthState to $98 From $95, Maintains Overweight Rating	05-29	MT
Truist Securities Downgrades Independent Bank to Hold From Buy on Heels of Announced Merger With SouthState, Adjusts PT to $50 From $46	05-29	MT
Keefe, Bruyette & Woods Raises Price Target on SouthState to $95 From $92, Maintains Outperform Rating	05-28	MT
Raymond James Upgrades SouthState to Outperform From Market Perform, Price Target at $90	05-21	MT
Sector Update: Financial Stocks Decline Late Afternoon	05-20	MT
Sector Update: Financial Stocks Easing Monday Afternoon	05-20	MT
Sector Update: Financial	05-20	MT
SouthState Agrees to Buy Independent Bank Group in $2 Billion All-Stock Transaction	05-20	MT
Sector Update: Financial Stocks Steady Premarket Monday	05-20	MT
Sector Update: Financial	05-20	MT
Transcript : Independent Bank Group, Inc., SouthState Corporation - M&A Call	05-20
SouthState Agrees to Acquire Independent Bank for $2 Billion	05-20	MT
SouthState to Acquire Independent Bank	05-20	MT
SouthState to Acquire Independent Bank	05-20	MT
Regional lender SouthState to buy Independent Bank for about $2 bln	05-20	RE
CyberArk to acquire Venafi in $1.5 bln deal	05-20	RE
SouthState Corporation entered into an Agreement and Plan of Merger to acquire Independent Bank Group, Inc. from Vincent J. Viola and others for $2 billion.	05-19	CI
Piper Sandler Adjusts SouthState Price Target to $95 From $98, Maintains Overweight Rating	04-29	MT
Truist Lowers Price Target on SouthState to $84 From $89, Keeps Hold Rating	04-29	MT
Transcript : SouthState Corporation, Q1 2024 Earnings Call, Apr 26, 2024	04-26
SouthState Keeps Quarterly Cash Dividend at $0.52 a Share, Payable May 17 to Holders of Record May 10	04-26	MT
SouthState Q1 Adjusted Earnings, Revenue Decline	04-26	MT
Earnings Flash (SSB) SOUTHSTATE CORPORATION Reports Q1 EPS $1.58, vs. Street Est of $1.55	04-25	MT

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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

Banks

Calendar

23/07/2024 - Q2 2024 Earnings Release

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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

90.15 USD

Average target price

92.41 USD

Spread / Average Target

+2.50%

Consensus

EPS Revisions

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Quarterly earnings - Rate of surprise

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