South State Corp - Understand $ssb stock

$SSB Market Cap: $8.468 Billion

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Financial Snapshot

Revenue

$1.593B

TTM

Gross Margin

Net Earnings

$497.4M

TTM

Current Assets

Current Liabilities

$538.3M

Q3 2024

Current Ratio

Total Assets

$46.08B

Q3 2024

Total Liabilities

$40.18B

Q3 2024

Book Value

$5.905B

Q3 2024

Cash

$1.213B

Q3 2024

P/E

17.03

Dec 04, 2024 EST

Free Cash Flow

-$151.6M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994
Revenue	$1.944B	$1.397B	$1.085B	$910.0M	$590.8M	$567.2M	$426.0M				$286.3M	$187.5M	$171.7M	$155.4M	$141.8M
YoY Change	39.18%	28.78%	19.21%	54.03%	4.16%	33.15%					52.68%	9.18%	10.53%	9.56%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2013	2012	2011	2010	2009
Revenue	$1.944B	$1.397B	$1.085B	$910.0M	$590.8M	$567.2M	$426.0M	$286.3M	$187.5M	$171.7M	$155.4M	$141.8M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$28.20M	$29.40M	$29.20M	$25.30M	$18.20M	$18.70M	$15.20M	$21.60M	$21.50M	$21.20M	$17.50M	$12.09M	$10.77M	$9.290M	$6.874M	$5.000M	$4.300M	$3.300M	$3.100M	$2.700M	$2.500M	$2.000M	$2.400M	$2.600M	$1.900M	$2.400M	$2.100M	$1.700M	$1.400M	$1.100M
YoY Change	-4.08%	0.68%	15.42%	39.01%	-2.67%	23.03%	-29.63%	0.47%	1.42%	21.18%	44.68%	12.31%	15.9%	35.15%	37.48%	16.28%	30.3%	6.45%	14.81%	8.0%	25.0%	-16.67%	-7.69%	36.84%	-20.83%	14.29%	23.53%	21.43%	27.27%	-8.33%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2013	2012	2011	2010	2009
Interest Expense	$491.8M	$61.35M	$51.63M	$83.56M	$86.55M	$53.99M	$17.01M	$13.00M	$11.09M	$20.27M	$32.74M	$37.21M
YoY Change	701.57%	18.84%	-38.22%	-3.45%	60.31%	217.34%		17.2%	-45.26%	-38.09%	-12.02%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994
Pretax Income	$630.9M	$633.4M	$604.3M	$104.0M	$230.4M	$224.3M	$168.8M	$154.0M	$150.4M	$111.4M	$74.57M	$45.16M	$33.36M	$80.83M	$20.48M	$24.30M	$32.30M	$30.10M	$24.50M	$20.50M	$22.10M	$20.60M	$18.70M	$15.70M	$11.00M	$12.10M	$10.90M	$8.000M	$6.500M	$5.700M
YoY Change	-0.4%	4.81%	481.19%	-54.88%	2.75%	32.85%	9.61%	2.39%	35.01%	49.38%	65.13%	35.38%	-58.73%	294.71%	-15.73%	-24.77%	7.31%	22.86%	19.51%	-7.24%	7.28%	10.16%	19.11%	42.73%	-9.09%	11.01%	36.25%	23.08%	14.04%	9.62%
Income Tax	$136.5M	$137.3M	$128.7M	-$16.66M	$43.94M	$45.38M	$81.25M	$52.80M	$50.90M	$36.00M	$25.36M	$15.13M	$10.76M	$28.95M	$6.883M	$8.500M	$10.70M	$10.30M	$7.800M	$6.400M	$7.300M	$6.800M	$6.500M	$5.100M	$3.000M	$3.900M	$3.400M	$2.400M	$1.900M	$1.600M
% Of Pretax Income	21.64%	21.68%	21.3%	-16.02%	19.07%	20.24%	48.13%	34.29%	33.84%	32.32%	34.0%	33.5%	32.26%	35.81%	33.61%	34.98%	33.13%	34.22%	31.84%	31.22%	33.03%	33.01%	34.76%	32.48%	27.27%	32.23%	31.19%	30.0%	29.23%	28.07%
Net Earnings	$494.3M	$496.0M	$475.5M	$120.6M	$186.5M	$178.9M	$87.55M	$101.3M	$99.50M	$75.40M	$49.22M	$30.03M	$22.60M	$51.88M	$13.60M	$15.80M	$21.60M	$19.80M	$16.70M	$14.00M	$14.80M	$13.80M	$12.30M	$10.50M	$7.900M	$8.300M	$7.400M	$5.500M	$4.600M	$4.100M
YoY Change	-0.35%	4.31%	294.21%	-35.31%	4.26%	104.3%	-13.57%	1.81%	31.96%	53.19%	63.89%	32.91%	-56.45%	281.49%	-13.92%	-26.85%	9.09%	18.56%	19.29%	-5.41%	7.25%	12.2%	17.14%	32.91%	-4.82%	12.16%	34.55%	19.57%	12.2%	7.89%
Net Earnings / Revenue	25.42%	35.51%	43.84%	13.26%	31.56%	31.54%	20.55%				17.19%	16.02%	13.16%	33.4%	9.59%
Basic Earnings Per Share	$6.50	$6.65	$6.76	$2.20	$5.40	$4.90	$2.95				$2.41	$2.04	$1.65	$4.11	$0.74
Diluted Earnings Per Share	$6.46	$6.598M	$6.71	$2.19	$5.36	$4.86	$2.93	$4.186M	$4.112M	$3.116M	$2.38	$2.03	$1.63	$4.08	$0.74	$1.519M	$2.323M	$2.152M	$1.942M	$1.628M	$1.721M	$1.624M	$1.447M	$1.221M	$918.6K	$1.000M	$913.6K	$846.2K	$730.2K	$650.8K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$519.2M	$520.6M	$558.0M	$579.0M	$317.0M	$241.0M	$256.0M	$184.0M	$175.0M	$172.0M	$188.0M	$116.0M	$94.00M	$87.00M	$72.00M	$66.00M	$55.00M	$49.00M	$44.00M	$34.00M	$33.00M	$28.00M	$20.00M	$16.00M	$16.00M	$12.00M	$10.00M	$11.00M	$8.000M	$7.000M
YoY Change	-0.28%	-6.7%	-3.63%	82.65%	31.54%	-5.86%	39.13%	5.14%	1.74%	-8.51%	62.07%	23.4%	8.05%	20.83%	9.09%	20.0%	12.24%	11.36%	29.41%	3.03%	17.86%	40.0%	25.0%	0.0%	33.33%	20.0%	-9.09%	37.5%	14.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$3.563M	$3.563M	$4.000M	$5.000M	$4.000M
YoY Change	0.0%	-10.93%	-20.0%	25.0%
Other Assets	$176.8M	$195.6M	$75.00M	$147.0M	$31.00M	$37.00M	$46.00M	$31.00M	$38.00M	$43.00M	$74.00M	$35.00M	$0.00
YoY Change	-9.61%	160.74%	-48.98%	374.19%	-16.22%	-19.57%	48.39%	-18.42%	-11.63%	-41.89%	111.43%
Total Long-Term Assets
YoY Change
Total Assets	$44.90B	$43.92B	$41.96B	$37.79B	$15.92B	$14.68B	$14.47B	$8.901B	$8.557B	$7.826B	$7.931B	$5.136B	$3.897B	$3.595B	$2.702B	$2.767B	$2.597B	$2.178B	$1.926B	$1.437B	$1.198B	$1.145B	$1.026B	$970.0M	$872.0M	$750.0M	$566.0M	$498.0M	$436.0M	$374.0M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$108.3M	$115.6M	$116.0M	$118.0M	$89.00M
YoY Change	-6.31%	-0.34%	-1.69%	32.58%
Deferred Revenue
YoY Change
Short-Term Debt	$489.2M	$556.4M	$781.0M	$780.0M	$299.0M	$271.0M	$287.0M	$314.0M	$288.0M	$222.0M	$211.0M	$239.0M	$180.0M	$191.0M	$163.0M	$172.0M	$296.0M	$203.0M	$150.0M	$89.00M	$81.00M	$89.00M	$67.00M	$66.00M	$76.00M	$52.00M	$54.00M	$33.00M	$26.00M	$15.00M
YoY Change	-12.08%	-28.76%	0.13%	160.87%	10.33%	-5.57%	-8.6%	9.03%	29.73%	5.21%	-11.72%	32.78%	-5.76%	17.18%	-5.23%	-41.89%	45.81%	35.33%	68.54%	9.88%	-8.99%	32.84%	1.52%	-13.16%	46.15%	-3.7%	63.64%	26.92%	73.33%
Long-Term Debt Due		$0.00	$0.00	$11.00M	$0.00	$0.00
YoY Change			-100.0%
Total Short-Term Liabilities	$489.2M	$115.6M	$116.0M	$129.0M	$89.00M	$271.0M	$287.0M	$314.0M	$288.0M	$222.0M	$211.0M	$239.0M	$180.0M	$191.0M	$163.0M	$172.0M	$296.0M	$203.0M	$150.0M	$89.00M	$81.00M	$89.00M	$67.00M	$66.00M	$76.00M	$52.00M	$54.00M	$33.00M	$26.00M	$15.00M
YoY Change	323.17%	-0.34%	-10.08%	44.94%	-67.16%	-5.57%	-8.6%	9.03%	29.73%	5.21%	-11.72%	32.78%	-5.76%	17.18%	-5.23%	-41.89%	45.81%	35.33%	68.54%	9.88%	-8.99%	32.84%	1.52%	-13.16%	46.15%	-3.7%	63.64%	26.92%	73.33%
Long-Term Debt	$491.9M	$392.3M	$327.0M	$379.0M	$116.0M	$116.0M	$216.0M	$55.00M	$55.00M	$101.0M	$102.0M	$55.00M	$47.00M	$47.00M	$63.00M	$79.00M	$48.00M	$43.00M	$144.0M	$52.00M	$52.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	25.4%	19.96%	-13.72%	226.72%	0.0%	-46.3%	292.73%	0.0%	-45.54%	-0.98%	85.45%	17.02%	0.0%	-25.4%	-20.25%	64.58%	11.63%	-70.14%	176.92%	0.0%
Other Long-Term Liabilities	$1.283B	$1.477B	$848.0M	$1.117B	$167.0M	$126.0M	$122.0M	$62.00M	$54.00M	$58.00M	$82.00M	$37.00M	$31.00M	$23.00M	$9.000M	$19.00M	$14.00M	$16.00M	$10.00M	$6.000M	$5.000M	$5.000M	$5.000M	$4.000M	$3.000M	$5.000M	$3.000M	$3.000M	$2.000M	$2.000M
YoY Change	-13.17%	74.2%	-24.08%	568.86%	32.54%	3.28%	96.77%	14.81%	-6.9%	-29.27%	121.62%	19.35%	34.78%	155.56%	-52.63%	35.71%	-12.5%	60.0%	66.67%	20.0%	0.0%	0.0%	25.0%	33.33%	-40.0%	66.67%	0.0%	50.0%	0.0%
Total Long-Term Liabilities	$1.775B	$1.870B	$1.175B	$1.496B	$283.0M	$242.0M	$338.0M	$117.0M	$109.0M	$159.0M	$184.0M	$92.00M	$78.00M	$70.00M	$72.00M	$98.00M	$62.00M	$59.00M	$154.0M	$58.00M	$57.00M	$5.000M	$5.000M	$4.000M	$3.000M	$5.000M	$3.000M	$3.000M	$2.000M	$2.000M
YoY Change	-5.08%	59.11%	-21.46%	428.62%	16.94%	-28.4%	188.89%	7.34%	-31.45%	-13.59%	100.0%	17.95%	11.43%	-2.78%	-26.53%	58.06%	5.08%	-61.69%	165.52%	1.75%	1040.0%	0.0%	25.0%	33.33%	-40.0%	66.67%	0.0%	50.0%	0.0%
Total Liabilities	$39.37B	$38.84B	$37.16B	$33.14B	$13.55B	$12.31B	$12.16B	$7.766B	$7.498B	$6.841B	$6.950B	$4.629B	$3.515B	$3.265B	$2.419B	$2.522B	$2.382B	$2.017B	$1.777B	$1.318B	$1.085B	$1.041B	$933.0M	$885.0M	$796.0M	$676.0M	$512.0M	$449.0M	$397.0M	$338.0M
YoY Change	1.35%	4.54%	12.11%	144.63%	10.06%	1.25%	56.55%	3.57%	9.6%	-1.57%	50.14%	31.69%	7.66%	34.97%	-4.08%	5.88%	18.1%	13.51%	34.83%	21.47%	4.23%	11.58%	5.42%	11.18%	17.75%	32.03%	14.03%	13.1%	17.46%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Basic Shares Outstanding	76.05M	74.55M	70.39M	54.76M	34.56M	36.53M	29.69M	24.00M	23.97M	23.90M	19.87M shares	14.70M shares	13.68M shares	12.62M shares	12.06M shares
Diluted Shares Outstanding	76.48M	75.18M	70.89M	55.06M	34.80M	36.78M	29.92M				20.08M shares	14.80M shares	13.75M shares	12.72M shares	12.11M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $8.4685 Billion

About SouthState Corp

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 5,144 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 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.

Industry: State Commercial Banks Peers: BOK FINANCIAL CORP FIRST FINANCIAL BANKSHARES INC GLACIER BANCORP, INC. PINNACLE FINANCIAL PARTNERS INC PNC FINANCIAL SERVICES GROUP, INC. PROSPERITY BANCSHARES INC SYNOVUS FINANCIAL CORP VALLEY NATIONAL BANCORP WESTERN ALLIANCE BANCORPORATION