SouthState Bank Financials
SouthState Bank (SSB) reported $3.4B in revenue for fiscal year 2025, up 57.8% from the prior fiscal year. 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).
A bigger balance sheet and broader share base, rather than sharply better returns, explain most of SouthState’s earnings growth.
The headline profit step-up mostly reflects scale expansion: net income rose from$535M to$799M . Yet per-share economics improved far less—diluted EPS moved only from 6.97 to 7.87—and that gap means much of the higher profit was spread across more shares rather than earned through a major efficiency gain.
The balance-sheet posture actually became less stretched as the bank got larger: leverage eased from 6.9x to 6.4x. That matters because equity built faster than obligations, giving the institution more capital support behind each dollar of assets and more room to absorb balance-sheet growth.
The weaker spot is cash conversion: operating cash flow fell from
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'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.
Not available for SouthState Bank, and counted as zero in the overall score.
SouthState Bank passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
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
Earnings & Revenue
SouthState Bank generated $3.4B in revenue in fiscal year 2025. This represents an increase of 57.8% from the prior year.
SouthState Bank reported $798.7M in net income in fiscal year 2025. This represents an increase of 49.3% from the prior year.
SouthState Bank earned $7.87 per diluted share (EPS) in fiscal year 2025. This represents an increase of 12.9% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
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.
SouthState Bank held $3.2B in cash as of fiscal year 2025; long-term debt is not reported for that period.
SouthState Bank paid $2.28 per share in dividends in fiscal year 2025. This represents an increase of 7.5% from the prior year.
Margins & Returns
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.
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
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.
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.
Not reported for fiscal year 2025.
SSB Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.4B | $3.4B+57.8% | $2.1B+10.1% | $1.9B+39.2% | $1.4B+28.8% | $1.1B+19.2% | $910.0M+54.0% | $590.8M+4.2% | $567.2M+33.1% | $426.0M+27.9% | $333.2M-1.5% | $338.1M-1.1% | $342.0M+19.4% | $286.3M+52.7% | $187.5M+9.2% | $171.7M |
| SG&A Expenses | $812.9M | $797.8M+31.5% | $606.9M+4.0% | $583.4M+5.2% | $554.7M+0.5% | $552.0M+32.5% | $416.6M+77.5% | $234.7M+0.7% | $233.1M+19.9% | $194.4M+18.1% | $164.7M+2.1% | $161.3M+1.8% | $158.4M+29.8% | $122.1M+60.0% | $76.3M+10.7% | $68.9M |
| Interest Expense | $1.1B | $1.1B+48.3% | $725.9M+47.6% | $491.8M+701.6% | $61.4M+18.8% | $51.6M-38.2% | $83.6M-3.5% | $86.6M+60.3% | $54.0M+217.3% | $17.0M+104.6% | $8.3M-19.5% | $10.3M-34.1% | $15.7M+20.6% | $13.0M+17.1% | $11.1M-45.3% | $20.3M |
| Income Tax | $276.9M | $241.5M+46.0% | $165.5M+21.2% | $136.5M-0.6% | $137.3M+6.7% | $128.7M+872.7% | -$16.7M-137.9% | $43.9M-3.2% | $45.4M-44.1% | $81.3M+54.0% | $52.8M+3.7% | $50.9M+41.4% | $36.0M+41.9% | $25.4M+67.6% | $15.1M+40.6% | $10.8M |
| Net Income | $950.2M | $798.7M+49.3% | $534.8M+8.2% | $494.3M-0.4% | $496.0M+4.3% | $475.5M+294.2% | $120.6M-35.3% | $186.5M+4.3% | $178.9M+104.3% | $87.6M-13.6% | $101.3M+1.8% | $99.5M+31.9% | $75.4M+53.3% | $49.2M+63.9% | $30.0M+32.9% | $22.6M |
| EPS (Diluted) | — | $7.87+12.9% | $6.97+7.9% | $6.46-2.1% | $6.60-1.6% | $6.71+206.4% | $2.19 | $5.36+10.3% | $4.86+65.9% | $2.93-29.9% | $4.18+1.7% | $4.11+33.4% | $3.08+29.4% | $2.38+17.2% | $2.03+24.5% | $1.63 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SSB Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $67.2B+44.9% | $46.4B+3.3% | $44.9B+2.2% | $43.9B+5.0% | $41.8B+10.7% | $37.8B+137.3% | $15.9B+8.5% | $14.7B+1.4% | $14.5B+62.5% | $8.9B+4.0% | $8.6B+9.3% | $7.8B-1.3% | $7.9B+54.4% | $5.1B+31.8% | $3.9B |
| Cash & Equivalents | $3.2B+127.9% | $1.4B+39.4% | $998.9M-23.9% | $1.3B-80.5% | $6.7B+45.8% | $4.6B+569.3% | $688.7M+68.4% | $409.0M+8.3% | $377.6M+0.8% | $374.4M-46.2% | $695.8M+66.5% | $417.9M-12.8% | $479.5M+25.9% | $380.9M+122.2% | $171.4M |
| Goodwill | $3.1B+60.9% | $1.9B0.0% | $1.9B0.0% | $1.9B+21.6% | $1.6B+1.1% | $1.6B+55.9% | $1.0B0.0% | $1.0B+0.3% | $999.6M+195.4% | $338.3M0.0% | $338.3M+6.5% | $317.7M0.0% | $317.7M+207.6% | $103.3M+64.2% | $62.9M |
| Total Liabilities | $58.1B+43.6% | $40.5B+2.8% | $39.4B+1.4% | $38.8B+4.9% | $37.0B+11.7% | $33.1B+144.6% | $13.5B+10.1% | $12.3B+1.3% | $12.2B+56.5% | $7.8B+3.6% | $7.5B+9.6% | $6.8B-1.6% | $7.0B+50.1% | $4.6B+31.7% | $3.5B |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $55.4M+0.4% | $55.2M-45.5% | $101.2M-0.8% | $102.1M+85.9% | $54.9M+17.6% | $46.7M |
| Total Equity | $9.1B+53.8% | $5.9B+6.5% | $5.5B+9.0% | $5.1B+5.7% | $4.8B+3.3% | $4.6B+95.9% | $2.4B+0.3% | $2.4B+2.5% | $2.3B+103.5% | $1.1B+7.1% | $1.1B+7.6% | $984.9M+0.4% | $981.5M+93.4% | $507.5M+32.9% | $381.8M |
| Retained Earnings | $2.6B+27.7% | $2.0B+21.5% | $1.7B+25.1% | $1.3B+35.0% | $997.7M+51.7% | $657.5M-3.3% | $679.9M+23.4% | $551.1M+31.3% | $419.8M+13.2% | $370.9M+24.1% | $298.9M+34.0% | $223.2M+32.4% | $168.6M+24.0% | $136.0M+17.0% | $116.2M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities.
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.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $927.6M | $300.8M-41.2% | $512.0M-6.4% | $546.8M-68.4% | $1.7B+316.4% | $415.7M-22.6% | $536.9M+196.6% | $181.0M-36.2% | $283.7M+43.4% | $197.9M+43.4% | $138.0M-26.1% | $186.9M+57.5% | $118.6M-51.1% | $242.4M+42.2% | $170.5M+10.1% | $154.9M |
| Capital Expenditures | $67.2M | $70.3M+96.2% | $35.8M-7.9% | $38.9M+120.1% | $17.7M-37.8% | $28.4M+67.9% | $16.9M+7.2% | $15.8M+8.7% | $14.5M-4.1% | $15.2M-41.2% | $25.8M+69.4% | $15.2M-5.5% | $16.1M+17.1% | $13.8M+64.0% | $8.4M-56.9% | $19.5M |
| Free Cash Flow | $860.4M | $230.6M-51.6% | $476.2M-6.2% | $507.9M-70.4% | $1.7B+342.4% | $387.3M-25.5% | $520.0M+214.7% | $165.2M-38.6% | $269.2M+47.3% | $182.7M+62.8% | $112.2M-34.6% | $171.6M+67.4% | $102.5M-55.2% | $228.7M+41.0% | $162.1M+19.7% | $135.5M |
| Investing Cash Flow | -$3.8B | $20.8M+102.3% | -$886.2M+37.9% | -$1.4B+70.7% | -$4.9B-109.6% | -$2.3B-288.6% | $1.2B+254.7% | -$795.1M-181.8% | -$282.1M-363.3% | -$60.9M+91.2% | -$690.9M-570.7% | -$103.0M | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $1.8B | $1.5B+90.1% | $767.4M+35.6% | $566.0M+124.8% | -$2.3B-156.8% | $4.0B+86.5% | $2.2B+141.0% | $893.7M+2899.8% | $29.8M+122.3% | -$133.8M-157.8% | $231.6M+19.3% | $194.1M | N/A | N/A | N/A | N/A |
| Dividends Paid | $239.0M | $231.3M+42.0% | $162.9M+4.3% | $156.2M+6.5% | $146.7M+8.4% | $135.3M+37.7% | $98.3M+70.3% | $57.7M+14.1% | $50.6M+30.9% | $38.6M+31.9% | $29.3M+23.5% | $23.7M+19.8% | $19.8M+29.5% | $15.3M+49.1% | $10.2M+7.7% | $9.5M |
| Share Buybacks | $482.9M | $235.8M+1307.2% | $16.8M+4.3% | $16.1M-86.5% | $119.3M-19.1% | $147.4M+354.6% | $32.4M-79.7% | $159.4M+125.9% | $70.6M+1180.4% | $5.5M-7.8% | $6.0M+6.2% | $5.6M+514.1% | $917K-1.7% | $933K+11.6% | $836K+144.4% | $342K |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SSB Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 23.6%-1.3pp | 25.0%-0.4pp | 25.4%-10.1pp | 35.5%-8.3pp | 43.8%+30.6pp | 13.3%-18.3pp | 31.6%0.0pp | 31.5%+11.0pp | 20.5%-9.8pp | 30.4%+1.0pp | 29.4%+7.4pp | 22.1%+4.9pp | 17.2%+1.2pp | 16.0%+2.9pp | 13.2% |
| 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%-5.3pp | 7.9%+0.3pp | 7.6%+3.8pp | 3.8%-5.1pp | 8.9%-0.5pp | 9.4%+1.7pp | 7.7%+2.7pp | 5.0%-0.9pp | 5.9%0.0pp | 5.9% |
| 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%-0.9pp | 1.2%-0.1pp | 1.2%+0.6pp | 0.6%-0.5pp | 1.1%0.0pp | 1.2%+0.2pp | 1.0%+0.3pp | 0.6%0.0pp | 0.6%0.0pp | 0.6% |
| Debt-to-Equity | 6.42-0.5x | 6.87-0.2x | 7.12-0.5x | 7.65-0.1x | 7.71+0.6x | 7.13+1.4x | 5.71+0.5x | 5.20-0.1x | 5.27+5.2x | 0.050.0x | 0.05-0.1x | 0.100.0x | 0.100.0x | 0.110.0x | 0.12 |
| FCF Margin | 6.8%-15.4pp | 22.2%-3.9pp | 26.1% | 122.6% | 35.7%-21.4pp | 57.1%+29.2pp | 28.0%-19.5pp | 47.5%+4.6pp | 42.9%+9.2pp | 33.7%-17.1pp | 50.8%+20.8pp | 30.0%-49.9pp | 79.8%-6.6pp | 86.5%+7.6pp | 78.9% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.
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Where SouthState Bank Ranks
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.
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 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'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 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.