SSB Stock Analysis: SouthState | NYSE
Banks - Regional | NYSE, USA | Market Cap: 9.757m USD | 12M Return: 2.9% | US84472E1029 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 64.0M
EPS Trend: 92.8%
Qual. Beats: 0
Rev. Trend: 93.5%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
SouthState Bank Corporation (NYSE: SSB) is a U.S. bank holding company that operates through its principal subsidiary, SouthState Bank, National Association, providing a full suite of banking and financial services to individual and commercial customers. Its core offerings span deposit products (checking, savings, money market, and time deposit accounts), a broad lending portfolio (commercial real estate, residential real estate, commercial and industrial, consumer, agriculture, and home improvement loans), and treasury, wealth management, brokerage, and digital banking services. The company also delivers specialty correspondent and corporate services such as bond accounting, asset/liability consulting, international wires, and clearing.
SSB operates within the Regional Banks sub-industry of the Financials sector, serving customers across its Southeastern U.S. footprint. The company was founded in 1933, is headquartered in Winter Haven, Florida, and rebranded from SouthState Corporation to SouthState Bank Corporation in September 2025. As a mid-cap regional bank with a market capitalization of approximately $9.9 billion, SSB combines traditional community-style banking relationships with the broader product set and correspondent capabilities typical of larger regional institutions.
- Net interest margin pressured by rising deposit costs
- Commercial real estate portfolio raises credit quality concerns
- Fee income expands through wealth and treasury management growth
| Net Income: 950.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA 1.14 > 1.0 |
| NWC/Revenue: -1.56k% < 20% (prev -1.49k%; Δ -72.17% < -1%) |
| CFO/TA 0.01 > 3% & CFO 797.3m > Net Income 950.2m |
| Net Debt (-5.68b) to EBITDA (998.5m): -5.69 < 3 |
| Current Ratio: 0.13 > 1.5 & < 3 |
| Outstanding Shares: last quarter (98.3m) vs 12m ago -3.49% < -2% |
| Gross Margin: 66.54% > 18% (prev 66.69%; Δ -0.16% > 0.5%) |
| Asset Turnover: 4.82% > 50% (prev 4.58%; Δ 0.24% > 0%) |
| Interest Coverage Ratio: 0.79 > 6 (EBIT TTM 840.2m / Interest Expense TTM 1.07b) |
| A: -0.74 (Total Current Assets 7.25b - Total Current Liabilities 57.9b) / Total Assets 68.9b |
| B: 0.04 (Retained Earnings 2.95b / Total Assets 68.9b) |
| C: 0.01 (EBIT TTM 840.2m / Avg Total Assets 67.4b) |
| D: 0.15 (Book Value of Equity 9.13b / Total Liabilities 59.8b) |
| Altman-Z'' = -4.44 = D |
As of October 06, 2026, the stock is trading at USD 101.13 with a total of 632,427 shares traded. Over the past week, the price has changed by -0.55%, over one month by -5.15%, over three months by +0.90% and over the past year by +2.89%.
Current recommended Stop Loss: 98.80 (which is 2.3% or 1.2 ATR below the current price).
SouthState has received a consensus analysts rating of 4.43. Therefore, it is recommended to buy SSB.
- StrongBuy: 8
- Buy: 4
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 119.1 | 17.8% |
P/E Trailing = 10.4584
P/E Forward = 10.2564
P/S = 3.646
P/B = 1.0872
P/EG = 1.4511
Revenue TTM = 3.25b USD
EBIT TTM = 840.2m USD
EBITDA TTM = 998.5m USD
Long Term Debt = 996.7m USD (from longTermDebt, last quarter)
Short Term Debt = 1.57b USD (from shortTermDebt, last quarter)
Debt = 1.57b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -5.68b USD (calculated: Debt 1.57b - CCE 7.25b)
Enterprise Value = 4.08b USD (9.76b + Debt 1.57b - CCE 7.25b)
Interest Coverage Ratio = 0.79 (Ebit TTM 840.2m / Interest Expense TTM 1.07b)
EV/FCF = 5.20x (Enterprise Value 4.08b / FCF TTM 783.7m)
FCF Yield = 19.23% (FCF TTM 783.7m / Enterprise Value 4.08b)
FCF Margin = 24.13% (FCF TTM 783.7m / Revenue TTM 3.25b)
Net Margin = 29.26% (Net Income TTM 950.2m / Revenue TTM 3.25b)
Gross Margin = 66.54% ((Revenue TTM 3.25b - Cost of Revenue TTM 1.09b) / Revenue TTM)
Gross Margin QoQ = 32.72% (prev 70.99%)
Tobins Q-Ratio = 0.06 (Enterprise Value 4.08b / Total Assets 68.9b)
Interest Expense / Debt = 68.13% (Interest Expense 1.07b / Debt 1.57b)
Taxrate = 22.57% (276.9m / 1.23b)
NOPAT = 650.6m (EBIT 840.2m * (1 - 22.57%))
Current Ratio = 0.13 (Total Current Assets 7.25b / Total Current Liabilities 57.9b)
Debt / Equity = 0.17 (Debt 1.57b / totalStockholderEquity, last quarter 9.13b)
Debt / EBITDA = -5.69 (Net Debt -5.68b / EBITDA 998.5m)
Debt / FCF = -7.25 (Net Debt -5.68b / FCF TTM 783.7m)
Total Stockholder Equity = 9.06b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.41% (Net Income 950.2m / Total Assets 68.9b)
RoE = 10.49% (Net Income TTM 950.2m / Total Stockholder Equity 9.06b)
RoCE = 8.36% (EBIT 840.2m / Capital Employed (Equity 9.06b + L.T.Debt 996.7m))
RoIC = 5.25% (NOPAT 650.6m / Invested Capital 12.4b)
WACC = 7.36% (E(9.76b)/V(11.3b) * Re(8.54%) + (debt cost/tax rate unavailable))
Discount Rate = 8.54% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 80.88 | Cagr: 11.68%
[DCF] Terminal Value 77.97% ; FCFF base≈470.3m ; Y1≈539.1m ; Y5≈793.4m
[DCF] Fair Price = 181.7 (EV 11.9b - Net Debt -5.68b = Equity 17.6b / Shares 97.0m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 92.80 | EPS CAGR: 17.04% | SUE: 0.15 | # QB: 0
Revenue Correlation: 93.47 | Revenue CAGR: 25.09% | SUE: -0.87 | # QB: -1
EPS current Quarter (2026-09-30): EPS=2.40 | Chg30d=+0.14% | Revisions=+21% | Analysts=13
EPS current Year (2026-12-31): EPS=9.48 | Chg30d=+0.06% | Revisions=+53% | GrowthEPS=-0.2% | GrowthRev=+1.8%
EPS next Year (2027-12-31): EPS=10.40 | Chg30d=+0.24% | Revisions=-21% | GrowthEPS=+9.7% | GrowthRev=+6.7%
[Analyst] Revisions Ratio: +22% (up=21, down=13)