SouthState Bank Corporation (SSB) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SSB SEC filings page.
SouthState Bank Corporation (SSB) reported $2.7B in revenue over the twelve months to Jun 30, 2026, up 25.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
SouthState expanded sharply in FY2025, but the larger balance sheet produced weaker cash conversion and remained heavily liability-funded.
The key earnings-quality shift is that net income rose to$798.7M while operating cash flow fell to$300.8M , meaning reported profit converted into considerably less cash than before. That divergence pushed free-cash-flow margin down from27.7% to8.6% , revealing a materially less cash-generative year despite higher accounting earnings.
Total assets expanded from
The step-up in scale came with a higher cost load: interest expense rose
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of SouthState Bank Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
SouthState Bank Corporation earned a return on assets of 1.2% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is up from 1.1% the prior year. Earnings ranks banks on that return over three years, and SouthState Bank Corporation scores 71/100 among other banks.
SouthState Bank Corporation reported revenue of $2.7B in fiscal year 2025, against $1.7B in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and SouthState Bank Corporation scores 82/100 among other banks.
SouthState Bank Corporation funded 13.5% of its assets with shareholders' equity at the end of fiscal year 2025, holding $9.1B of equity against $67.2B of assets. Capital ranks banks on that cushion, and SouthState Bank Corporation scores 72/100 among other banks.
Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. SouthState Bank Corporation scores 75/100 on it among other banks.
Not available for SouthState Bank Corporation, and counted as zero in the overall score.
SouthState Bank Corporation reported net income of $798.7M in fiscal year 2025, against $534.8M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and SouthState Bank Corporation scores 55/100 among other banks.
SouthState Bank Corporation passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, SouthState Bank Corporation 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
Earnings & Revenue
SouthState Bank Corporation generated $672.7M in revenue in Q2 2026. This represents an increase of 1.2% from the same quarter a year earlier. Against the prior quarter it is up 1.7%.
SouthState Bank Corporation reported $230.0M in net income in Q2 2026. This represents an increase of 6.9% from the same quarter a year earlier. Against the prior quarter it is up 1.9%.
SouthState Bank Corporation earned $2.35 per diluted share (EPS) in Q2 2026. This represents an increase of 11.4% from the same quarter a year earlier. Against the prior quarter it is up 3.1%.
Not reported for Q2 2026.
Cash & Balance Sheet
SouthState Bank Corporation generated $260.3M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 395.8% from the same quarter a year earlier. Against the prior quarter it is down 8.0%.
SouthState Bank Corporation held $2.4B in cash as of Q2 2026; long-term debt is not reported for that period.
SouthState Bank Corporation paid $0.60 per share in dividends in Q2 2026. This represents an increase of 11.1% from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
SouthState Bank Corporation's net profit margin was 34.2% in Q2 2026, showing the share of revenue converted to profit. This is up 1.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.1 percentage points.
SouthState Bank Corporation's ROE was 2.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
SouthState Bank Corporation spent $98.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 100886.6% from the same quarter a year earlier. Against the prior quarter it is down 38.9%.
SouthState Bank Corporation invested $13.8M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 31.2% from the same quarter a year earlier. Against the prior quarter it is down 13.8%.
Not reported for Q2 2026.
SSB Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $672.7M+1.2% | $661.7M+4.9% | $686.9M+52.5% | $698.8M+63.9% | $664.8M+56.2% | $630.6M+51.8% | $450.3M+7.3% | $426.4M-0.4% |
| SG&A Expenses | $205.4M+2.6% | $205.7M+5.0% | $202.7M+31.5% | $199.1M+32.0% | $200.2M+32.2% | $195.8M+30.1% | $154.1M+5.7% | $150.9M+3.2% |
| Interest Expense | $262.3M-0.1% | $255.2M-3.3% | $267.6M+49.5% | $282.0M+46.3% | $262.6M+45.2% | $264.0M+52.3% | $179.0M+11.1% | $192.7M+32.8% |
| Income Tax | $69.0M+3.0% | $65.6M+103.8% | $67.7M+56.8% | $74.7M+72.3% | $67.0M+65.5% | $32.2M-16.4% | $43.2M+44.9% | $43.4M+30.8% |
| Net Income | $230.0M+6.9% | $225.8M+153.5% | $247.7M+71.8% | $246.6M+72.3% | $215.2M+62.6% | $89.1M-22.6% | $144.2M+35.0% | $143.2M+15.3% |
| EPS (Basic) | $2.36+11.3% | $2.29+160.2% | $2.47+30.7% | $2.44+29.8% | $2.12+21.8% | $0.88-41.7% | $1.89+35.0% | $1.88+15.3% |
| EPS (Diluted) | $2.35+11.4% | $2.28+162.1% | $2.46+30.9% | $2.42+30.1% | $2.11+22.0% | $0.87-42.0% | $1.88+35.3% | $1.86+14.8% |
| Diluted Shares (Avg) | 98M-4.1% | 99M-2.9% | N/A | 102M+32.5% | 102M+32.9% | 102M+32.8% | N/A | 77M+0.3% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.
SSB Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $68.9B+4.6% | $68.0B+4.4% | $67.2B+44.9% | $66.0B+43.3% | $65.9B+44.8% | $65.1B+44.3% | $46.4B+3.3% | $46.1B+2.4% |
| Cash & Equivalents | $2.4B-32.2% | $2.9B-13.1% | $3.2B+127.9% | $3.1B+159.3% | $3.5B+210.1% | $3.3B+172.8% | $1.4B+39.4% | $1.2B-8.8% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $3.1B0.0% | $3.1B+0.2% | $3.1B+60.9% | $3.1B+60.9% | $3.1B+60.9% | $3.1B+60.6% | $1.9B0.0% | $1.9B0.0% |
| Total Liabilities | $59.8B+4.7% | $58.9B+4.3% | $58.1B+43.6% | $57.0B+42.0% | $57.1B+43.3% | $56.5B+42.7% | $40.5B+2.8% | $40.2B+1.1% |
| Total Equity | $9.1B+3.8% | $9.0B+4.7% | $9.1B+53.8% | $9.0B+52.6% | $8.8B+55.8% | $8.6B+55.5% | $5.9B+6.5% | $5.9B+12.9% |
| Retained Earnings | $3.0B+31.7% | $2.8B+33.6% | $2.6B+27.7% | $2.4B+24.8% | $2.2B+21.6% | $2.1B+18.9% | $2.0B+21.5% | $1.9B+20.1% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
SSB Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $274.1M+277.6% | $299.0M+336.8% | $232.1M-34.5% | $122.4M+149.6% | $72.6M-42.7% | -$126.3M-145.5% | $354.3M+229.2% | -$246.8M-154.9% |
| Stock-Based Compensation | N/A | $9.3M+13.2% | N/A | N/A | N/A | $8.3M+40.7% | N/A | N/A |
| Capital Expenditures | $13.8M-31.2% | $16.1M+25.3% | $16.6M+23.7% | $20.7M+180.3% | $20.1M+112.0% | $12.8M+132.7% | $13.4M+7.2% | $7.4M-34.8% |
| Free Cash Flow | $260.3M+395.8% | $283.0M+303.4% | $215.5M-36.8% | $101.7M+140.0% | $52.5M-55.3% | -$139.1M-151.1% | $340.9M+218.8% | -$254.2M-158.0% |
| Investing Cash Flow | -$1.3B-161.7% | -$1.1B-161.1% | -$1.1B-348.7% | -$274.5M-75.8% | -$510.6M-31.6% | $1.9B+1860.3% | -$236.1M-17.8% | -$156.1M+51.3% |
| Financing Cash Flow | $545.0M-9.5% | $534.3M+216.7% | $855.3M+1297.6% | -$167.6M-133.6% | $602.4M+256.6% | $168.7M+334.0% | $61.2M-57.6% | $498.4M+259.0% |
| Dividends Paid | $58.2M+6.2% | $60.1M+7.6% | $60.0M+45.5% | $60.6M+47.1% | $54.8M+38.2% | $55.8M+37.0% | $41.2M+3.9% | $41.2M+4.2% |
| Share Buybacks | $98.0M+100886.6% | $160.4M+1335.5% | $181.5M+241922.7% | $43.0M+7012.4% | $97K-30.7% | $11.2M-29.9% | $75K-99.1% | $605K+56.3% |
Not reported in any period shown, so not listed: Depreciation & Amortization.
SSB Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 34.2%+1.8pp | 34.1%+20.0pp | 36.1%+4.1pp | 35.3%+1.7pp | 32.4%+1.3pp | 14.1%-13.6pp | 32.0%+6.6pp | 33.6%+4.6pp |
| Return on Equity | 2.5%+0.1pp | 2.5%+1.5pp | 2.7%+0.3pp | 2.7%+0.3pp | 2.5%+0.1pp | 1.0%-1.0pp | 2.5%+0.5pp | 2.4%+0.1pp |
| Return on Assets | 0.3%0.0pp | 0.3%+0.2pp | 0.4%+0.1pp | 0.4%+0.1pp | 0.3%0.0pp | 0.1%-0.1pp | 0.3%+0.1pp | 0.3%0.0pp |
| Debt-to-Equity | 6.55+0.1x | 6.530.0x | 6.42-0.5x | 6.33-0.5x | 6.49-0.6x | 6.55-0.6x | 6.87-0.2x | 6.80-0.8x |
| Asset Turnover | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x |
| FCF Margin | 38.7%+30.8pp | 42.8%+64.8pp | 31.4%-44.3pp | 14.6%+74.2pp | 7.9%-19.7pp | -22.1%-87.6pp | 75.7%+144.0pp | -59.6% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| SouthState Bank Corporation SSB | FY2025 | $2.7B | $798.7M | 29.8% | $9.6B | 59/100 |
| First Horizon Corporation FHN | FY2025 | $3.4B | $982.0M | 28.7% | $10.9B | 45/100 |
| Webster Financial Corporation Waterbury WBS | FY2025 | $2.9B | $1.0B | 34.6% | $12.6B | 53/100 |
| East-West Bancorp Inc EWBC | FY2025 | $2.9B | $1.3B | 45.2% | $17.2B | 65/100 |
| Woori Financial Group Inc. WF | FY2025 | N/A | $2.2B | N/A | $18.2B | — |
Where SouthState Bank Corporation Ranks
Frequently Asked Questions
What is SouthState Bank Corporation's annual revenue?
SouthState Bank Corporation (SSB) reported $2.7B in total revenue for fiscal year 2025. This represents a 56.1% 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 Corporation's revenue growing?
SouthState Bank Corporation (SSB) revenue grew by 56.1% year-over-year, from $1.7B to $2.7B in fiscal year 2025.
Is SouthState Bank Corporation profitable?
Yes, SouthState Bank Corporation (SSB) reported a net income of $798.7M in fiscal year 2025, with a net profit margin of 29.8%.
What is SouthState Bank Corporation's net profit margin?
SouthState Bank Corporation (SSB) had a net profit margin of 29.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does SouthState Bank Corporation pay dividends?
Yes, SouthState Bank Corporation (SSB) paid $2.28 per share in dividends during fiscal year 2025.
What is SouthState Bank Corporation's return on equity (ROE)?
SouthState Bank Corporation (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 Corporation's free cash flow?
SouthState Bank Corporation (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 Corporation's operating cash flow?
SouthState Bank Corporation (SSB) generated $300.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are SouthState Bank Corporation's total assets?
SouthState Bank Corporation (SSB) had $67.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are SouthState Bank Corporation's capital expenditures?
SouthState Bank Corporation (SSB) invested $70.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is SouthState Bank Corporation's debt-to-equity ratio?
SouthState Bank Corporation (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 Corporation's return on assets (ROA)?
SouthState Bank Corporation (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 Corporation's P/E ratio?
SouthState Bank Corporation (SSB) trades at 10.1x earnings, its market capitalization divided by net income of $950.2M net income, trailing 12 months to June 30, 2026. The market capitalization is $9.6B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is SouthState Bank Corporation's price-to-sales ratio?
SouthState Bank Corporation (SSB) trades at 3.5x sales, its market capitalization divided by revenue of $2.7B revenue, trailing 12 months to June 30, 2026. The market capitalization is $9.6B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is SouthState Bank Corporation's Piotroski F-Score?
SouthState Bank Corporation (SSB) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are SouthState Bank Corporation's earnings high quality?
SouthState Bank Corporation (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 Corporation?
SouthState Bank Corporation (SSB) scores 59 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.