SouthState (SSB) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
1.7B
Net Income
534.8M
32.08%
EPS (Diluted)
$6.97
Balance Sheet Metrics
Total Assets
46.4B
Total Liabilities
40.5B
Shareholders Equity
5.9B
Debt to Equity
6.87
Cash Flow Metrics
Operating Cash Flow
473.1M
Free Cash Flow
476.2M
Revenue & Profitability Trend
SouthState Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 1.7B | 1.7B | 1.6B | 1.4B | 1.1B |
| Cost of Goods Sold | - | - | - | - | - |
| Gross Profit | - | - | - | - | - |
| Operating Expenses | 679.4M | 681.4M | 610.0M | 598.0M | 444.3M |
| Operating Income | - | - | - | - | - |
| Pre-tax Income | 700.2M | 630.9M | 633.4M | 604.3M | 104.0M |
| Income Tax | 165.5M | 136.5M | 137.3M | 128.7M | -16.7M |
| Net Income | 534.8M | 494.3M | 496.0M | 475.5M | 120.6M |
| EPS (Diluted) | $6.97 | $6.46 | $6.60 | $6.71 | $2.19 |
Income Statement Trend
SouthState Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | - | - | - | - | - |
| Non-Current Assets | - | - | - | - | - |
| Total Assets | 46.4B | - | - | - | - |
| Liabilities | |||||
| Current Liabilities | - | - | - | - | - |
| Non-Current Liabilities | - | - | - | - | - |
| Total Liabilities | 40.5B | - | - | - | - |
| Equity | |||||
| Total Shareholders Equity | 5.9B | 5.5B | 5.1B | 4.8B | 4.6B |
Balance Sheet Composition
SouthState Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 534.8M | 494.3M | 496.0M | 475.5M | 120.6M |
| Operating Cash Flow | 473.1M | 372.5M | 1.7B | 687.6M | 536.4M |
| Investing Activities | |||||
| Capital Expenditures | -35.4M | -38.0M | -11.5M | -19.9M | -9.8M |
| Investing Cash Flow | 637.7M | 792.1M | -1.0B | -3.1B | 1.4B |
| Financing Activities | |||||
| Dividends Paid | -162.9M | -156.2M | -146.7M | -135.3M | -98.3M |
| Financing Cash Flow | -276.4M | -69.5M | -276.1M | -356.3M | -829.3M |
| Free Cash Flow | 476.2M | 507.9M | 1.7B | 387.3M | 520.0M |
Cash Flow Trend
SouthState Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
13.91
Forward P/E
11.55
Price to Book
1.04
Price to Sales
4.89
PEG Ratio
11.55
Profitability Ratios
Profit Margin
27.82%
Operating Margin
42.66%
Return on Equity
7.18%
Return on Assets
0.92%
Financial Health
Debt to Equity
0.30
Beta
0.76
Per Share Data
EPS (TTM)
$6.34
Book Value per Share
$84.99
Revenue per Share
$22.15
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| ssb | 9.0B | 13.91 | 1.04 | 7.18% | 27.82% | 0.30 |
| PNC Financial | 70.3B | 12.56 | 1.39 | 11.33% | 28.75% | 1.12 |
| U.S. Bancorp | 69.7B | 11.08 | 1.31 | 11.53% | 26.38% | 1.34 |
| Webster Financial | 9.0B | 12.09 | 1.01 | 8.68% | 32.85% | 0.45 |
| Commerce Bancshares | 8.1B | 15.07 | 2.34 | 17.01% | 33.17% | 0.70 |
| Cullen/Frost Bankers | 8.1B | 13.89 | 2.05 | 15.42% | 29.33% | 1.26 |
Financial data is updated regularly. All figures are in the company's reporting currency.