SSB Financial Services

SouthState Bank Corporation

$105.95-0.99%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Financial Services
Industry: Banks - Regional
Country: United States
Market cap: 10.3B USD
Full-time employees: 6,431

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
About average: profitability

Ranks #103 of 791 banks & insurance companies (top 14%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 28% from December 2022 to July 2026.
SouthState Bank had 28% more shares at July 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.SouthState Bank had 28% more shares at July 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Fast revenue growth. Revenue grew 57% in the 12 months to June 2026 vs the 12 months before, faster than 95% of peers.
Revenue grew 57% in the 12 months to June 2026 vs the 12 months before, faster than 95% of its peers.

StockQuotient Score

68/ 100▼ 1 since Oct 27 close

Oct 5 71 → Nov 4 68 (-3)

Valuation

Is the price right?

66/100

Moderate

2/2 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Stronger than most peers on:

▲ Earnings yield

Compare with peers

Behind the score

Earnings yield (P/E) and book yield (P/B) versus other banks and insurers.

Book yield88.9%

SEC filings · latest balance sheetReported value40% base weight · Z-score 0.33Sector median: 0.7950 · MAD: 0.2843

Earnings yield9.2%

SEC filings · 12 months to Jun 2026Reported value60% base weight · Z-score 0.53Sector median: 0.0789 · MAD: 0.0253

Other data (not scored)

EBITDA yieldUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1095 · MAD: 0.0527

Free cash flow yield8.4%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported valueInformational · 0% composite weightSector median: 0.0796 · MAD: 0.0459

Growth

Is it growing?

87/100

Strong

1/1 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ EPS growth

Compare with peers

Behind the score

Earnings-per-share growth versus other banks and insurers.

Earnings per share growth67.6%

SEC filings · 12 months to Jun 2026Reported value100% base weight · Z-score 2.91Sector median: 0.1599 · MAD: 0.1775

Other data (not scored)

3-year revenue growth17.5%

Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.0826 · MAD: 0.0558

Revenue growth57.0%

Yahoo Finance fallback · SEC figure unavailable or out of date · fiscal year to Dec 2025Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0866 · MAD: 0.0782

Profitability

Does it earn well?

52/100

Moderate▼ 1 since Oct 27 close

2/2 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Score 53 → 52

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Helped by:

▲ ROA

Compare with peers

Behind the score

Return on equity and return on assets versus other banks and insurers.

Return on assets1.4%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.33Sector median: 0.0117 · MAD: 0.0062

Return on equity10.4%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score -0.09Sector median: 0.1074 · MAD: 0.0388

Other data (not scored)

Gross marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Operating marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1450 · MAD: 0.1678

Return on invested capitalUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Risk

Debt, liquidity, price swings

Not rated

Not rated for banks and insurers: debt and share-price swings say little about their risk. We leave it blank rather than fill the gap with a made-up middle value.

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about SouthState Bank

Is SouthState Bank getting weaker?: Its latest SEC filing (Jul 31, 2026) showed no major changes. Its overall score is 68/100, down 1 since Oct 28, 2026.
How is SouthState Bank valued vs its peers?: Priced lower than most peers relative to what it earns. Valuation scores 66/100 against 950 banks & insurance peers. Earnings yield 9.2% vs a peer median of 7.9% (stronger than 65% of peers).Earnings yield 9.2% vs peers 7.9% (stronger than 65% of peers).
Is SouthState Bank growing?: Yes, faster than most of its peers. Growth scores 87/100 against 950 banks & insurance peers. Earnings per share growth 67.6% vs a peer median of 16.0% (stronger than 87% of peers).Earnings per share growth 67.6% vs peers 16.0% (stronger than 87% of peers).
How profitable is SouthState Bank?: About as profitable as its peers. Profitability scores 52/100 against 950 banks & insurance peers. Return on assets 1.4% vs a peer median of 1.2% (stronger than 62% of peers).Return on assets 1.4% vs peers 1.2% (stronger than 62% of peers).
How risky is SouthState Bank?: Not rated for banks and insurers: debt and share-price swings say little about their risk.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 31, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Net income (12 months)	935.4M USD	950.2M USD	+1.6%
Free cash flow (12 months)	652.6M USD	860.4M USD	+31.8%
Cash	2.9B USD	2.4B USD	−18.0%
Shares outstanding	97.7M	97.0M	−0.7%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Banks - Regional · 119 companies

Valuations in Banks - Regional are within their usual range since 2016.

45% of months since 2016 were valued lower than now.
14% of companies are in the most expensive fifth of their own price-to-book history.
Over 24 months, company values +29% and earnings +32% (medians): prices and earnings moved broadly together.
Median price-to-book is −61% vs the whole market, against a usual −59%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Return on assets (ROA)	1.1%	1.1%	1.1%	1.2%	1.2%	▲ 0.0 pts
Return on equity (ROE)	9.9%	9.8%	8.9%	9.1%	8.8%	▼ 0.3 pts
Debt to equity	—	—	0.02×	—	—	—

SSB price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

White Mountains Insurance Group, Ltd.WTM94/ 100

The Allstate CorporationALL93/ 100

PT Saratoga Investama Sedaya TbkSRTG.JK93/ 100

Bringing the fundamentals into focus…

Overall health

Strength: its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings

About average: profitability

Ranks #103 of 791 banks & insurance companies (top 14%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 28% from December 2022 to July 2026.

SouthState Bank had 28% more shares at July 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.SouthState Bank had 28% more shares at July 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Fast revenue growth. Revenue grew 57% in the 12 months to June 2026 vs the 12 months before, faster than 95% of peers.

Revenue grew 57% in the 12 months to June 2026 vs the 12 months before, faster than 95% of its peers.

Questions investors ask about SouthState Bank

Is SouthState Bank getting weaker?

Its latest SEC filing (Jul 31, 2026) showed no major changes. Its overall score is 68/100, down 1 since Oct 28, 2026.

How is SouthState Bank valued vs its peers?

Priced lower than most peers relative to what it earns. Valuation scores 66/100 against 950 banks & insurance peers. Earnings yield 9.2% vs a peer median of 7.9% (stronger than 65% of peers).Earnings yield 9.2% vs peers 7.9% (stronger than 65% of peers).

Is SouthState Bank growing?

Yes, faster than most of its peers. Growth scores 87/100 against 950 banks & insurance peers. Earnings per share growth 67.6% vs a peer median of 16.0% (stronger than 87% of peers).Earnings per share growth 67.6% vs peers 16.0% (stronger than 87% of peers).

How profitable is SouthState Bank?

About as profitable as its peers. Profitability scores 52/100 against 950 banks & insurance peers. Return on assets 1.4% vs a peer median of 1.2% (stronger than 62% of peers).Return on assets 1.4% vs peers 1.2% (stronger than 62% of peers).

How risky is SouthState Bank?

Not rated for banks and insurers: debt and share-price swings say little about their risk.

Previous quarter

Latest quarter

Change

Net income (12 months)

935.4M USD

950.2M USD

+1.6%

Free cash flow (12 months)

652.6M USD

860.4M USD

+31.8%

Cash

2.9B USD

2.4B USD

−18.0%

Shares outstanding

97.7M

97.0M

−0.7%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Return on assets (ROA)

1.1%

1.2%

▲ 0.0 pts

Return on equity (ROE)

9.9%

9.8%

8.9%

9.1%

8.8%

▼ 0.3 pts

Debt to equity

—

0.02×

—