What is SouthState Bank's earnings per share (EPS)?

SouthState Bank (SSB) reported diluted earnings per share of $7.87 for fiscal year 2025. This represents a 12.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

SouthState Bank Financials

SSB

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows SouthState Bank (SSB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 43/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

100

SouthState Bank's revenue surged 57.8% year-over-year to $3.4B, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

SouthState Bank has elevated debt relative to equity (D/E of 6.42), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

SouthState Bank has a free cash flow margin of 6.8%, earning a moderate score of 42/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

SouthState Bank's ROE of 8.8% shows moderate profitability relative to equity, earning a score of 31/100. This is down from 9.1% the prior year.

Piotroski F-Score Neutral

4/9

SouthState Bank passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

0.38x

For every $1 of reported earnings, SouthState Bank generates $0.38 in operating cash flow ($300.8M OCF vs $798.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

$3.4B

YoY+57.8%

5Y CAGR+30.0%

10Y CAGR+25.9%

SouthState Bank generated $3.4B in revenue in fiscal year 2025. This represents an increase of 57.8% from the prior year.

EBITDA

N/A

Net Income

$798.7M

YoY+49.3%

5Y CAGR+45.9%

10Y CAGR+23.2%

SouthState Bank reported $798.7M in net income in fiscal year 2025. This represents an increase of 49.3% from the prior year.

EPS (Diluted)

$7.87

YoY+12.9%

5Y CAGR+29.2%

10Y CAGR+6.7%

SouthState Bank earned $7.87 per diluted share (EPS) in fiscal year 2025. This represents an increase of 12.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$230.6M

YoY-51.6%

5Y CAGR-15.0%

10Y CAGR+3.0%

SouthState Bank generated $230.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 51.6% from the prior year.

Cash & Debt

$3.2B

YoY+127.9%

5Y CAGR-7.2%

10Y CAGR+16.4%

SouthState Bank held $3.2B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$2.28

YoY+7.5%

5Y CAGR+3.9%

10Y CAGR+8.8%

SouthState Bank paid $2.28 per share in dividends in fiscal year 2025. This represents an increase of 7.5% from the prior year.

Shares Outstanding

99M

YoY+29.9%

5Y CAGR+6.9%

10Y CAGR+15.2%

SouthState Bank had 99M shares outstanding in fiscal year 2025. This represents an increase of 29.9% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

23.6%

YoY-1.3pp

5Y CAGR+10.4pp

10Y CAGR-5.8pp

SouthState Bank's net profit margin was 23.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.3 percentage points from the prior year.

Return on Equity

8.8%

YoY-0.3pp

5Y CAGR+6.2pp

10Y CAGR-0.6pp

SouthState Bank's ROE was 8.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$235.8M

YoY+1307.2%

5Y CAGR+48.7%

10Y CAGR+45.3%

SouthState Bank spent $235.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 1307.2% from the prior year.

Capital Expenditures

$70.3M

YoY+96.2%

5Y CAGR+32.9%

10Y CAGR+16.5%

SouthState Bank invested $70.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 96.2% from the prior year.

SSB Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$3.4B+57.8%	$2.1B+10.1%	$1.9B+39.2%	$1.4B+28.8%	$1.1B+19.2%	$910.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$1.1B+48.3%	$725.9M+47.6%	$491.8M+701.6%	$61.4M+18.8%	$51.6M-38.2%	$83.6M
Income Tax	$241.5M+46.0%	$165.5M+21.2%	$136.5M-0.6%	$137.3M+6.7%	$128.7M+872.7%	-$16.7M
Net Income	$798.7M+49.3%	$534.8M+8.2%	$494.3M-0.4%	$496.0M+4.3%	$475.5M+294.2%	$120.6M
EPS (Diluted)	$7.87+12.9%	$6.97+7.9%	$6.46-2.1%	$6.60-1.6%	$6.71+206.4%	$2.19

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$848.7M-3.7%	$881.7M+4.9%	$840.5M+3.9%	$808.6M+47.3%	$548.8M+0.9%	$544.2M+2.5%	$531.1M+2.7%	$517.3M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$267.6M-5.1%	$282.0M+7.4%	$262.6M-0.6%	$264.0M+47.5%	$179.0M-7.1%	$192.7M+6.5%	$180.9M+4.4%	$173.3M
Income Tax	$67.7M-9.4%	$74.7M+11.6%	$67.0M+108.2%	$32.2M-25.5%	$43.2M-0.4%	$43.4M+7.1%	$40.5M+5.2%	$38.5M
Net Income	$247.7M+0.4%	$246.6M+14.6%	$215.2M+141.6%	$89.1M-38.2%	$144.2M+0.7%	$143.2M+8.2%	$132.4M+15.0%	$115.1M
EPS (Diluted)	N/A	$2.42+14.7%	$2.11+142.5%	$0.87	N/A	$1.86+7.5%	$1.73+15.3%	$1.50

SSB Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$67.2B+44.9%	$46.4B+3.3%	$44.9B+2.2%	$43.9B+5.0%	$41.8B+10.7%	$37.8B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$3.2B+127.9%	$1.4B+39.4%	$998.9M-23.9%	$1.3B-80.5%	$6.7B+45.8%	$4.6B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$3.1B+60.9%	$1.9B0.0%	$1.9B0.0%	$1.9B+21.6%	$1.6B+1.1%	$1.6B
Total Liabilities	$58.1B+43.6%	$40.5B+2.8%	$39.4B+1.4%	$38.8B+4.9%	$37.0B+11.7%	$33.1B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$9.1B+53.8%	$5.9B+6.5%	$5.5B+9.0%	$5.1B+5.7%	$4.8B+3.3%	$4.6B
Retained Earnings	$2.6B+27.7%	$2.0B+21.5%	$1.7B+25.1%	$1.3B+35.0%	$997.7M+51.7%	$657.5M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$67.2B+1.7%	$66.0B+0.2%	$65.9B+1.2%	$65.1B+40.4%	$46.4B+0.6%	$46.1B+1.3%	$45.5B+0.8%	$45.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$3.2B+0.9%	$3.1B-9.2%	$3.5B+5.0%	$3.3B+137.0%	$1.4B+14.8%	$1.2B+8.5%	$1.1B-7.6%	$1.2B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$3.1B0.0%	$3.1B0.0%	$3.1B+0.2%	$3.1B+60.6%	$1.9B0.0%	$1.9B0.0%	$1.9B0.0%	$1.9B
Total Liabilities	$58.1B+1.9%	$57.0B-0.1%	$57.1B+1.0%	$56.5B+39.6%	$40.5B+0.8%	$40.2B+0.8%	$39.8B+0.6%	$39.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$9.1B+0.5%	$9.0B+2.4%	$8.8B+2.0%	$8.6B+46.4%	$5.9B-0.2%	$5.9B+4.5%	$5.7B+1.9%	$5.5B
Retained Earnings	$2.6B+7.7%	$2.4B+8.3%	$2.2B+7.7%	$2.1B+1.6%	$2.0B+5.3%	$1.9B+5.5%	$1.8B+5.3%	$1.7B

SSB Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$300.8M-41.2%	$512.0M-6.4%	$546.8M-68.4%	$1.7B+316.4%	$415.7M-22.6%	$536.9M
Capital Expenditures	$70.3M+96.2%	$35.8M-7.9%	$38.9M+120.1%	$17.7M-37.8%	$28.4M+67.9%	$16.9M
Free Cash Flow	$230.6M-51.6%	$476.2M-6.2%	$507.9M-70.4%	$1.7B+342.4%	$387.3M-25.5%	$520.0M
Investing Cash Flow	$20.8M+102.3%	-$886.2M+37.9%	-$1.4B+70.7%	-$4.9B-109.6%	-$2.3B-288.6%	$1.2B
Financing Cash Flow	$1.5B+90.1%	$767.4M+35.6%	$566.0M+124.8%	-$2.3B-156.8%	$4.0B+86.5%	$2.2B
Dividends Paid	$231.3M+42.0%	$162.9M+4.3%	$156.2M+6.5%	$146.7M+8.4%	$135.3M+37.7%	$98.3M
Share Buybacks	$235.8M+1307.2%	$16.8M+4.3%	$16.1M-86.5%	$119.3M-19.1%	$147.4M+354.6%	$32.4M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$232.1M+89.5%	$122.4M+68.6%	$72.6M+157.5%	-$126.3M-135.6%	$354.3M+243.5%	-$246.8M-294.6%	$126.8M-54.3%	$277.7M
Capital Expenditures	$16.6M-19.9%	$20.7M+3.0%	$20.1M+56.8%	$12.8M-4.4%	$13.4M+81.5%	$7.4M-22.1%	$9.5M+72.2%	$5.5M
Free Cash Flow	$215.5M+111.8%	$101.7M+93.8%	$52.5M+137.7%	-$139.1M-140.8%	$340.9M+234.1%	-$254.2M-316.7%	$117.3M-56.9%	$272.1M
Investing Cash Flow	-$1.1B-286.0%	-$274.5M+46.2%	-$510.6M-127.4%	$1.9B+890.0%	-$236.1M-51.3%	-$156.1M+59.8%	-$388.0M-266.2%	-$106.0M
Financing Cash Flow	$855.3M+610.2%	-$167.6M-127.8%	$602.4M+257.0%	$168.7M+175.7%	$61.2M-87.7%	$498.4M+195.1%	$168.9M+334.5%	$38.9M
Dividends Paid	$60.0M-1.0%	$60.6M+10.7%	$54.8M-1.8%	$55.8M+35.4%	$41.2M0.0%	$41.2M+4.0%	$39.7M-2.7%	$40.8M
Share Buybacks	$181.5M+321.8%	$43.0M+44260.8%	$97K-99.1%	$11.2M+14801.3%	$75K-87.6%	$605K+332.1%	$140K-99.1%	$15.9M

SSB Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	23.6%-1.3pp	25.0%-0.4pp	25.4%-10.1pp	35.5%-8.3pp	43.8%+30.6pp	13.3%
Return on Equity	8.8%-0.3pp	9.1%+0.2pp	8.9%-0.8pp	9.8%-0.1pp	9.9%+7.3pp	2.6%
Return on Assets	1.2%+0.0pp	1.1%+0.1pp	1.1%-0.0pp	1.1%-0.0pp	1.1%+0.8pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	6.42-0.5	6.87-0.2	7.12-0.5	7.65-0.1	7.71+0.6	7.13
FCF Margin	6.8%-15.4pp	22.2%-3.9pp	26.1%-96.5pp	122.6%+86.9pp	35.7%-21.4pp	57.1%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	29.2%+1.2pp	28.0%+2.4pp	25.6%+14.6pp	11.0%-15.2pp	26.3%-0.0pp	26.3%+1.4pp	24.9%+2.7pp	22.2%
Return on Equity	2.7%0.0pp	2.7%+0.3pp	2.5%+1.4pp	1.0%-1.4pp	2.5%+0.0pp	2.4%+0.1pp	2.3%+0.3pp	2.1%
Return on Assets	0.4%0.0pp	0.4%+0.0pp	0.3%+0.2pp	0.1%-0.2pp	0.3%0.0pp	0.3%+0.0pp	0.3%+0.0pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	6.42+0.1	6.33-0.2	6.49-0.1	6.55-0.3	6.87+0.1	6.80-0.2	7.05-0.1	7.14
FCF Margin	25.4%+13.8pp	11.5%+5.3pp	6.3%+23.4pp	-17.2%-79.3pp	62.1%+108.8pp	-46.7%-68.8pp	22.1%-30.5pp	52.6%

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Frequently Asked Questions

What is SouthState Bank's annual revenue?

SouthState Bank (SSB) reported $3.4B in total revenue for fiscal year 2025. This represents a 57.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is SouthState Bank's revenue growing?

SouthState Bank (SSB) revenue grew by 57.8% year-over-year, from $2.1B to $3.4B in fiscal year 2025.

Is SouthState Bank profitable?

Yes, SouthState Bank (SSB) reported a net income of $798.7M in fiscal year 2025, with a net profit margin of 23.6%.

What is SouthState Bank's net profit margin?

SouthState Bank (SSB) had a net profit margin of 23.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does SouthState Bank pay dividends?

Yes, SouthState Bank (SSB) paid $2.28 per share in dividends during fiscal year 2025.

What is SouthState Bank's return on equity (ROE)?

SouthState Bank (SSB) has a return on equity of 8.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is SouthState Bank's free cash flow?

SouthState Bank (SSB) generated $230.6M in free cash flow during fiscal year 2025. This represents a -51.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is SouthState Bank's operating cash flow?

SouthState Bank (SSB) generated $300.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are SouthState Bank's total assets?

SouthState Bank (SSB) had $67.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are SouthState Bank's capital expenditures?

SouthState Bank (SSB) invested $70.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does SouthState Bank buy back shares?

Yes, SouthState Bank (SSB) spent $235.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does SouthState Bank have outstanding?

SouthState Bank (SSB) had 99M shares outstanding as of fiscal year 2025.

What is SouthState Bank's debt-to-equity ratio?

SouthState Bank (SSB) had a debt-to-equity ratio of 6.42 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is SouthState Bank's return on assets (ROA)?

SouthState Bank (SSB) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is SouthState Bank's Piotroski F-Score?

SouthState Bank (SSB) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are SouthState Bank's earnings high quality?

SouthState Bank (SSB) has an earnings quality ratio of 0.38x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is SouthState Bank?

SouthState Bank (SSB) scores 43 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.