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XNYS
CUBIpF
Market cap10bUSD
Jun 10, Last price  
25.35USD
Name

SouthState Corp

Chart & Performance

D1W1MN
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Profile

SouthState Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies. It accepts checking accounts, savings deposits, interest-bearing transaction accounts, certificates of deposits, money market accounts, and other time deposits. The company also offers commercial real estate loans, residential real estate loans, commercial, and industrial loans, as well as consumer loans, including auto, boat, and personal installment loans. In addition, it provides debit card, mobile and funds transfer products, and treasury management services comprising merchant, automated clearing house, lock-box, remote deposit capture, and other treasury services. Further, the company offers safe deposit boxes, bank money orders, wire transfer, brokerage services, and alternative investment products, including annuities, mutual funds, and trust and asset management services; and credit cards, letters of credit, and home equity lines of credit. As of December 31, 2021, it served customers through 281 branches in Florida, South Carolina, Alabama, Georgia, North Carolina, and Virginia. SouthState Corporation also serves its customers through online, mobile, and telephone banking platforms. The company was formerly known as First Financial Holdings, Inc. and changed its name to SouthState Corporation in July 2013. SouthState Corporation was founded in 1933 and is headquartered in Winter Haven, Florida.
IPO date
Jan 28, 1997
Employees
5,162
Domiciled in
US
Incorporated in
US

Valuation

Title
USD in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFYFY
2024‑122023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑12
Income
Revenues
2,393,039
23.07%
1,944,406
24.40%
1,563,063
0.67%
Cost of revenue
1,421,314
681,441
606,758
Unusual Expense (Income)
NOPBT
971,725
1,262,965
956,305
NOPBT Margin
40.61%
64.95%
61.18%
Operating Taxes
165,465
136,544
137,313
Tax Rate
17.03%
10.81%
14.36%
NOPAT
806,260
1,126,421
818,992
Net income
534,783
8.19%
494,308
-0.35%
496,049
4.31%
Dividends
(162,894)
(156,184)
(146,664)
Dividend yield
2.13%
2.42%
2.55%
Proceeds from repurchase of equity
(13,521)
(13,292)
(116,472)
BB yield
0.18%
0.21%
2.03%
Debt
Debt current
514,912
100,000
Long-term debt
381,224
381,594
392,275
Deferred revenue
Other long-term liabilities
1,533,787
(392,275)
Net debt
(40,579,593)
(12,308,908)
(13,703,977)
Cash flow
Cash from operating activities
511,960
546,757
1,730,893
CAPEX
(35,807)
(17,670)
Cash from investing activities
(886,179)
(1,426,439)
(4,860,396)
Cash from financing activities
767,409
565,996
(2,279,505)
FCF
37,985,085
1,127,859
856,856
Balance
Cash
898,679
5,295,310
5,875,209
Long term investments
40,577,050
7,495,192
8,221,043
Excess cash
41,356,077
12,693,282
14,018,099
Stockholders' equity
1,630,693
1,292,685
859,215
Invested Capital
6,689,645
43,609,339
43,059,481
ROIC
3.21%
2.60%
1.95%
ROCE
11.68%
2.81%
2.18%
EV
Common stock shares outstanding
76,762
76,480
75,181
Price
99.48
17.80%
84.45
10.59%
76.36
-4.68%
Market cap
7,636,284
18.23%
6,458,736
12.51%
5,740,821
1.09%
EV
(32,943,309)
(5,850,172)
(7,963,156)
EBITDA
1,028,422
1,321,791
1,020,896
EV/EBITDA
Interest
725,908
491,798
61,354
Interest/NOPBT
74.70%
38.94%
6.42%