Independent Bank [INDB] vs SouthState [SSB] Detailed Stock Comparison
TLDR: Quick Comparison Summary
Based on 19 vital metrics comparison: Independent Bank Corp. wins in 6 metrics, SouthState Corporation wins in 13 metrics, with 0 ties. SouthState Corporation appears stronger overall.
View Metrics Details
Vital Metrics Comparison
| Metric | Independent Bank Corp. | SouthState Corporation | Better |
|---|---|---|---|
| P/E Ratio (TTM) | 15.44 | 12.53 | SouthState Corporation |
| Price-to-Book Ratio | 1.07 | 1.08 | Independent Bank Corp. |
| Debt-to-Equity Ratio | 0.22 | 0.26 | Independent Bank Corp. |
| PEG Ratio | 0.27 | 0.40 | Independent Bank Corp. |
| Profit Margin (TTM) | 27.46% | 31.25% | SouthState Corporation |
| Operating Margin (TTM) | 47.55% | 51.08% | SouthState Corporation |
| EBITDA Margin (TTM) | 47.55% | 51.08% | SouthState Corporation |
| Return on Equity | 7.32% | 10.69% | SouthState Corporation |
| Return on Assets (TTM) | 1.08% | 1.41% | SouthState Corporation |
| Free Cash Flow (TTM) | $239.03M | $230.59M | Independent Bank Corp. |
| Dividend Yield | 3.78% | 2.17% | Independent Bank Corp. |
| 1-Year Return | 28.59% | 7.92% | Independent Bank Corp. |
| Price-to-Sales Ratio (TTM) | 4.31 | 3.88 | SouthState Corporation |
| Enterprise Value | $3.82B | $8.87B | SouthState Corporation |
| EV/Revenue Ratio | 4.36 | 3.47 | SouthState Corporation |
| Revenue per Share (TTM) | $18 | $25 | SouthState Corporation |
| Earnings per Share (Diluted) | $5.03 | $7.87 | SouthState Corporation |
| Beta (Stock Volatility) | 0.81 | 0.75 | SouthState Corporation |
| Short % of Float | 5.41% | 2.43% | SouthState Corporation |
Independent Bank Corp. vs SouthState Corporation Stock Performance Analysis
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Performance Comparison
Short-term Returns
| Stock | 1D | 1W | 1M | 3M | 6M | YTD |
|---|---|---|---|---|---|---|
| Independent Bank Corp. | -3.01% | -0.96% | 2.57% | -0.96% | 8.01% | 8.13% |
| SouthState Corporation | -2.06% | -1.47% | -2.38% | -5.62% | 5.90% | -0.07% |
Long-term Returns
| Stock | 1Y | 3Y | 5Y | 10Y | 15Y | 20Y |
|---|---|---|---|---|---|---|
| Independent Bank Corp. | 28.59% | 60.05% | -2.73% | 61.75% | 182.43% | 142.13% |
| SouthState Corporation | 7.92% | 40.54% | 5.57% | 32.59% | 229.91% | 185.82% |
Performance & Financial Health Analysis: Independent Bank Corp. vs SouthState Corporation
| Metric | INDB | SSB |
|---|---|---|
| Market Information | ||
| Market Cap | $3.80B | $9.86B |
| Market Cap Category | Mid cap | Mid cap |
| 10 Day Avg. Volume | 398,521 | 888,466 |
| 90 Day Avg. Volume | 357,827 | 875,845 |
| Last Close | $76.74 | $92.22 |
| 52 Week Range | $57.01 - $87.00 | $84.48 - $108.46 |
| % from 52W High | -11.79% | -14.97% |
| All-Time High | $99.85 (Mar 08, 2021) | $114.27 (Nov 25, 2024) |
| % from All-Time High | -23.14% | -19.30% |
| Growth Metrics | ||
| Quarterly Revenue Growth | 0.52% | 0.52% |
| Quarterly Earnings Growth | 0.80% | 0.72% |
| Financial Health | ||
| Profit Margin (TTM) | 0.27% | 0.31% |
| Operating Margin (TTM) | 0.48% | 0.51% |
| Return on Equity (TTM) | 0.07% | 0.11% |
| Debt to Equity (MRQ) | 0.22 | 0.26 |
| Cash & Liquidity | ||
| Book Value per Share (MRQ) | $72.33 | $91.38 |
| Cash per Share (MRQ) | $15.01 | $32.67 |
| Operating Cash Flow (TTM) | $213.83M | $300.85M |
| Levered Free Cash Flow (TTM) | $205.12M | $798.67M |
| Dividends | ||
| Last 12-Month Dividend Yield | 3.78% | 2.17% |
| Last 12-Month Dividend | $2.93 | $2.34 |
Valuation & Enterprise Metrics Analysis: Independent Bank Corp. vs SouthState Corporation
| Metric | INDB (Apr 24, 2026) | SSB (Apr 24, 2026) |
|---|---|---|
| Price Ratios | ||
| P/E Ratio (TTM) | 15.44 | 12.53 |
| Forward P/E | 9.32 | 9.27 |
| PEG Ratio | 0.27 | 0.40 |
| Price to Sales (TTM) | 4.31 | 3.88 |
| Price to Book (MRQ) | 1.07 | 1.08 |
| Market Capitalization | ||
| Market Capitalization | $3.80B | $9.86B |
| Enterprise Value | $3.82B | $8.87B |
| Enterprise Value Metrics | ||
| Enterprise to Revenue | 4.36 | 3.47 |
| Enterprise to EBITDA | N/A | N/A |
| Risk & Other Metrics | ||
| Beta | 0.81 | 0.75 |
| Book Value per Share (MRQ) | $72.33 | $91.38 |
Financial Statements Comparison: Independent Bank Corp. vs SouthState Corporation
Financial Metrics
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Revenue
Operating Margin
Profit Margin
Long Term Debt
Income Flow Analysis
Financial Statements Comparison
Income Statement
| Metric | INDB (2025) | SSB (2025) |
|---|---|---|
| Revenue/Sales | 849.03M | 2.62B |
| Cost of Goods Sold | N/A | N/A |
| COGS % of Revenue | 0.0% | 0.0% |
| Gross Profit | N/A | N/A |
| Gross Margin | 0.0% | 0.0% |
| Research & Development | N/A | N/A |
| Operating Income (EBIT) | N/A | N/A |
| Operating Margin | 0.0% | 0.0% |
| EBITDA | N/A | N/A |
| EBITDA Margin | 0.0% | 0.0% |
| Pre-Tax Income | 262.17M | 1.04B |
| Pre-Tax Income % of Revenue | 30.9% | 39.7% |
| Income Tax | 57.05M | 241.54M |
| Income Tax % of Revenue | 6.7% | 9.2% |
| Net Income (Profit) | 205.12M | 798.67M |
| Profit Margin | 24.2% | 30.5% |
Balance Sheet & Liquidity Metrics
| Metric | INDB (2025) | SSB (2025) |
|---|---|---|
| Cash & Equivalents | 771.90M | 885.56M |
| Total Current Assets | N/A | N/A |
| Total Current Assets % of Revenue | 0.0% | 0.0% |
| Total Current Liabilities | N/A | N/A |
| Total Current Liabilities % of Revenue | 0.0% | 0.0% |
| Long-Term Debt | 775.89M | 686.23M |
| Long-Term Debt % of Revenue | 91.4% | 26.2% |
| Total Shareholders Equity | 3.57B | 9.06B |
| Retained Earnings | 1.27B | 2.61B |
| Retained Earnings % of Revenue | 149.5% | 99.9% |
| Property, Plant & Equipment | 32.65M | 516.00M |
Cash Flow Statement Comparison
| Metric | INDB (2025) | SSB (2025) |
|---|---|---|
| Operating Cash Flow | 213.83M | 506.84M |
| Operating Cash Flow % of Revenue | 25.2% | 19.4% |
| Capital Expenditures | -11.84M | -69.26M |
| Free Cash Flow | 239.03M | 230.59M |
| FCF Margin | 28.2% | 8.8% |
| Debt Repayment | -344.37M | -1.11B |
| Common Stock Repurchase | N/A | -235.82M |
Short Interest & Institutional Ownership Analysis
| Metric | INDB | SSB |
|---|---|---|
| Shares Short | 1.96M | 2.15M |
| Short Ratio | 6.15 | 2.44 |
| Short % of Float | 5.41% | 2.43% |
| Shares Outstanding | 48.57M | 99.14M |
| Float Shares | 47.97M | 96.62M |
| % Held by Insiders | 1.61% | 1.26% |
| % Held by Institutions | 89.17% | 85.27% |
| % Held by Public | 9.22% | 13.47% |
Dividend Analysis & Yield Comparison: Independent Bank Corp. vs SouthState Corporation
| Metric | INDB | SSB |
|---|---|---|
| Last 12-Month Dividend | $2.93 | $2.34 |
| Last 12-Month Dividend Yield | 3.78% | 2.17% |
| 3-Year Avg Annual Dividend | $2.46 | $2.18 |
| 3-Year Avg Dividend Yield | 0.96% | 0.64% |
| 3-Year Total Dividends | $7.39 | $6.54 |
| Ex-Dividend Date | Dec 29, 2025 | Feb 06, 2026 |