SouthState Bank Corp is a United States-based bank holding company. It provides a wide range of services and products to its customers through a wholly-owned bank subsidiary.
It is a $9.72B financial services company. Revenue grew 24.7% over the last year, and it keeps 274¢ of every dollar of sales as profit. It trades at 10.2× earnings — in the cheapest third of its own history.
- Website
- southstatebank.com
- Location
- Winter Haven, FL
- Employees
- 6 431
- Sector
- Financial Services
- Founded
- 2013
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation; Quality and Moat lag behind.
Valuation80
- P/E vs own history13th pct · 25/25
- FCF yield8.9% · 25/25
- P/S3.1x · 20/25
- EV/EBITDAn/a · 10/25
Growth56
- Revenue CAGR0.4% · 6/25
- Net income CAGR13.8% · 20/25
- EPS CAGR ~5Y29.1% · 25/25
- Fwd implied growth1.1% · 5/25
Profitability74
- ROIC9.3% · 12/25
- ROE10.5% · 12/25
- Net margin273.8% · 25/25
- Operating margin38.1% · 25/25
Health50
- Altman Zn/a · 0/25
- Current ration/a · 0/25
- Interest coverageno interest expense · 25/25
- Net cash / debtNet cash · 25/25
Quality44
- Piotroski F4/9 · 10/25
- Beneish M-2.22 · 12/25
- FCF conversion91% · 22/25
- Margin stabilityσ 112.9% · 0/25
Moat43
- ROIC >12% years0/9 yrs · 0/25
- Median gross marginn/a · 0/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 9.9% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBecame debt-freecash now exceeds total debt
- FY2025FinancialBest year on record$799M net income
- May 20, 2024AcquisitionSouthState Corporation agreed to acquire Independent Bank Group, based in McKinney, Texas for…
- FY2020FinancialRevenue crossed $1B$1.22B for the year
- Jun 8, 2020AcquisitionSouthState completed a merger with CenterState Bank
- Apr 27, 2017AcquisitionSouthState Corp. agreed to acquire Park Sterling Corp
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2014MilestoneSCBT Financial became SouthState Corporation and in June 2014 SCBT became SouthState Bank and First Federal…
- 2013FoundedSCBT Financial Corp. announced a merger with First Financial Holdings of Charleston, started in 1934
- Nov 30, 2007AcquisitionSCBT Financial Corp. completed its acquisition of TSB Financial Corporation and its bank The…
- 2003MilestoneFirst National Corp. changed its name to SCBT Financial Corp. in 2003
- 2002MilestoneThe bank changed its name to South Carolina Bank and Trust and moved its headquarters to Columbia, South…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Strongly profitable — 273.8% net margin
- Revenue growing 24.7% year over year
- Strong cash conversion — FCF is 248.0% of revenue
- Net cash position after subtracting debt from cash
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+24.7% YoY
- Profitable — makes more than it spends$950M TTM
- Profit growing — earnings are higher than last year+6.1% YoY
- Generates cash — cash left after running and investing$860M TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$9.72B market cap
- Not printing shares — share count not ballooning — you keep your slice+84.3% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distresshealth score 25/100
- Pays a dividend — returns cash to shareholdersyield 2.46%
- Valuation not extreme — price not wildly above earningsP/E 10.2
Peer comparisonSouthState Bank Corporation vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| SSB this company | $9.7B | 10.2 | +24.7% | 273.8% | Strained |
| BRK.A Berkshire Hathaway Inc. | $1.1T | 11.6 | +3.9% | 22.3% | Mixed |
| BRK.B Berkshire Hathaway | $1.1T | 11.6 | +0.0% | 18.0% | Strong |
| JPM JPMorgan Chase & Co. | $886.2B | 13.6 | +13.5% | 32.6% | Strained |
| V VISA Inc. | $723.9B | 31.9 | +14.4% | 50.8% | Solid |
| MA Mastercard Incorporated | $516.4B | 31.7 | +16.0% | 46.3% | Mixed |
| BAC Bank of America Corporation | $380.4B | 11.3 | +15.9% | 27.8% | Mixed |
Head-to-head: SSB vs BRK.A · SSB vs BRK.B · SSB vs JPM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/SSB
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of SSB on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $100.25 · market cap $9.72B.