SouthState Corporation

SSB

US8404411097

Banks

Market Closed - Nyse Other stock markets 01:30:02 06/07/2024 am IST			5-day change	1st Jan Change
75.47 ^USD	-0.72%		-1.24%	-10.63%

01/07	Bank M&A Rises in Second Quarter But Likely to Remain 'Subdued' in Near Term, Raymond James Says	MT
29/05	Piper Sandler Adjusts Price Target on SouthState to $98 From $95, Maintains Overweight Rating	MT

South State Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2020

January 28, 2021 at 02:53 am IST

South State Corporation announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 265.547 million compared to USD 126.456 million a year ago. Net income was USD 86.236 million compared to USD 49.091 million a year ago. Basic earnings per share from continuing operations was USD 1.22 compared to USD 1.46 a year ago. Diluted earnings per share from continuing operations was USD 1.21 compared to USD 1.45 a year ago. For the full year, net interest income was USD 826.465 million compared to USD 504.275 million a year ago. Net income was USD 120.632 million compared to USD 186.483 million a year ago. Basic earnings per share from continuing operations was USD 2.2 compared to USD 5.4 a year ago. Diluted earnings per share from continuing operations was USD 2.19 compared to USD 5.36 a year ago.

Latest news about SouthState Corporation

Bank M&A Rises in Second Quarter But Likely to Remain 'Subdued' in Near Term, Raymond James Says	02/07	MT
Piper Sandler Adjusts Price Target on SouthState to $98 From $95, Maintains Overweight Rating	29/05	MT
Truist Securities Downgrades Independent Bank to Hold From Buy on Heels of Announced Merger With SouthState, Adjusts PT to $50 From $46	29/05	MT
Keefe, Bruyette & Woods Raises Price Target on SouthState to $95 From $92, Maintains Outperform Rating	28/05	MT
Raymond James Upgrades SouthState to Outperform From Market Perform, Price Target at $90	21/05	MT
Sector Update: Financial Stocks Decline Late Afternoon	21/05	MT
Sector Update: Financial Stocks Easing Monday Afternoon	20/05	MT
Sector Update: Financial	20/05	MT
SouthState Agrees to Buy Independent Bank Group in $2 Billion All-Stock Transaction	20/05	MT
Sector Update: Financial Stocks Steady Premarket Monday	20/05	MT
Sector Update: Financial	20/05	MT
Transcript : Independent Bank Group, Inc., SouthState Corporation - M&A Call	20/05
SouthState Agrees to Acquire Independent Bank for $2 Billion	20/05	MT
SouthState to Acquire Independent Bank	20/05	MT
SouthState to Acquire Independent Bank	20/05	MT
Regional lender SouthState to buy Independent Bank for about $2 bln	20/05	RE
CyberArk to acquire Venafi in $1.5 bln deal	20/05	RE
SouthState Corporation entered into an Agreement and Plan of Merger to acquire Independent Bank Group, Inc. from Vincent J. Viola and others for $2.1 billion.	20/05	CI
Piper Sandler Adjusts SouthState Price Target to $95 From $98, Maintains Overweight Rating	29/04	MT
Truist Lowers Price Target on SouthState to $84 From $89, Keeps Hold Rating	29/04	MT
Transcript : SouthState Corporation, Q1 2024 Earnings Call, Apr 26, 2024	26/04
SouthState Keeps Quarterly Cash Dividend at $0.52 a Share, Payable May 17 to Holders of Record May 10	26/04	MT
SouthState Q1 Adjusted Earnings, Revenue Decline	26/04	MT
Earnings Flash (SSB) SOUTHSTATE CORPORATION Reports Q1 EPS $1.58, vs. Street Est of $1.55	26/04	MT
Tranche Update on SouthState Corporation's Equity Buyback Plan announced on June 8, 2022.	26/04	CI

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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

25/07/2024 - Q2 2024 Earnings Release (Projected)

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Russell 2000

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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

75.47 USD

Average target price

92.78 USD

Spread / Average Target

+22.94%

Consensus

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Quarterly earnings - Rate of surprise

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