SouthState Corp
NYSE:SSB

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SouthState Corp
NYSE:SSB
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Price: 109 USD 2.03% Market Closed
Market Cap: 8.3B USD
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Intrinsic Value

The intrinsic value of one SSB stock under the Base Case scenario is 141.46 USD. Compared to the current market price of 109 USD, SouthState Corp is Undervalued by 23%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

SSB Intrinsic Value
141.46 USD
Undervaluation 23%
Intrinsic Value
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SouthState Corp

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

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Business Breakdown

SouthState Corp., a prominent financial institution headquartered in Columbia, South Carolina, is driven by a commitment to community and relationship banking. With a rich history dating back to its inception in 1934, the bank has grown significantly through strategic mergers and acquisitions, expanding its footprint across the Southeastern United States. SouthState operates a diverse range of financial services, including commercial and consumer banking, wealth management, and mortgage lending, catering to a broad spectrum of clients, from individuals to small businesses and corporations. The company prides itself on a client-centric approach, leveraging technology and personalized service...

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
SouthState Corp

Net Loans 33.1B
Investments 8.5B
PP&E 507.5m
Intangibles 2.1B
Other Assets 2B
Total Deposits 37.6B
Short Term Debt 538.3m
Long Term Debt 391.6m
Other Liabilities 1.6B
Earnings Calls

In the third quarter, SouthState Corporation reported stable performance with total revenue rising by $1 million, supported by a 4% annualized loan growth. The net interest margin (NIM) decreased to 3.40%, reflecting a rise in deposit costs, while the forecast indicates a recovery with a potential NIM expansion of 4 to 5 basis points in Q4. The company anticipates maintaining mid-single-digit revenue growth, bolstered by an improving economic outlook. Moreover, following the merger with Independent Financial, management aims for cost efficiencies and strategic growth, with an expected loan portfolio of $50 billion and deposits of $55 billion by end of 2025.

What is Earnings Call?

Wall St
Price Targets

SSB Price Targets Summary
SouthState Corp

Wall Street analysts forecast SSB stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for SSB is 110.93 USD with a low forecast of 95.95 USD and a high forecast of 126 USD.

Lowest
Price Target
95.95 USD
12% Downside
Average
Price Target
110.93 USD
2% Upside
Highest
Price Target
126 USD
16% Upside
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Dividends

Dividend Yield
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Dividend Per Share
N/A
Growth 3Y
Growth 5Y
Growth 10Y
Dividend Safety Score
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0
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Shareholder Yield

Current shareholder yield for SSB is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
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Buyback Yield
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Ownership

SSB Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
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Profile

SouthState Corp Logo
SouthState Corp

Country

United States of America

Industry

Banking

Market Cap

8.3B USD

Dividend Yield

1.94%

Description

South State Corp. is a bank and financial holding company, which engages in the provision of banking services and products to customers through its subsidiary. The company is headquartered in Winter Haven, Florida and currently employs 4,929 full-time employees. The firm 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. The company also offer 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 281 full-service branches and online, mobile and telephone banking platforms. Through Corporate Billing, the Bank offers factoring, invoicing, collection, and accounts receivable management services nationwide. The company also operates a correspondent banking division within its national bank subsidiary.

Contact

FLORIDA
Winter Haven
1101 First Street South, Suite 202
+18632934710.0
southstatecorporation.q4ir.com

IPO

1997-01-28

Employees

4 929

Officers

CEO & Director
Mr. John C. Corbett
President & Chief Banking Officer
Mr. Richard Murray IV
Senior Executive VP & CFO
Mr. William E. Matthews V
Chief Operating Officer
Ms. Renee R. Brooks
Senior Executive VP & Chief Strategy Officer
Mr. Stephen Dean Young
Senior VP & Chief Accounting Officer
Ms. Sara G. Arana
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Chief Risk Officer, General Counsel & Corporate Secretary
Ms. Beth S. DeSimone
Senior Executive Vice President
Mr. John C. Pollok
Chief Credit Officer of Central & Northern Banking Group
Mr. Jonathan S. Kivett
Senior VP & Deputy General Counsel
Ms. V. Nicole Comer
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See Also

Discover More
What is the Intrinsic Value of one SSB stock?

The intrinsic value of one SSB stock under the Base Case scenario is 141.46 USD.

Is SSB stock undervalued or overvalued?

Compared to the current market price of 109 USD, SouthState Corp is Undervalued by 23%.

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