SouthState Bank Corporation (SSB) Stock Analysis
Financial Services · Banks - Regional · NYSE
SouthState Bank Corporation (SSB) posted $2.68B in revenue for fiscal 2025 (up 55.9% year over year), at a 29.8% net margin, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on SouthState Bank Corporation
SouthState Bank Corporation has grown revenue from $0 to $2.68B over the last 10 fiscal years. The most recent year was up 55.9%.
Net margin sits at 29.8%, down 1.3 points year over year.
At today's valuation the market is pricing in roughly 17.4% annual free-cash-flow growth — versus the -15% it actually delivered over the last five years, so the price already assumes a step-up from the recent record. The one thing worth a second look in the filings is reported earnings run ahead of cash.
Synthesised from SouthState Bank Corporation's SEC filings — descriptive, not advice. Ask the analyst your own question →
SouthState Bank Corporation revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $1.64B | $1.74B | $1.72B | $2.68B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $101.28M | $87.55M | $178.87M | $186.48M | $120.63M | $475.54M | $496.05M | $494.31M | $534.78M | $798.67M |
| Net margin | — | — | — | — | — | — | 30.2% | 28.4% | 31.1% | 29.8% |
Source: SouthState Bank Corporation SEC filings (10-K). 17 years of history available in the interactive view.
SouthState Bank Corporation: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Reported earnings run ahead of cashOver 3 years net income totalled $1827.8M but operating cash flow only $1359.6M — earnings aren't fully backed by cash, an accruals flag worth investigating.
- Share count rising (dilution)Shares outstanding grew 43.0% over 4 years (69.3M → 99.1M) — existing holders' stakes are being diluted.
What growth is priced into SSB stock?
At today's market cap of $9.42B, SouthState Bank Corporation is priced for free-cash-flow growth of about 17.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $230.59M from the FY ending 2025-12-31). For comparison, free cash flow actually grew -15%/yr over the last five fiscal years, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of SouthState Bank Corporation financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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SouthState Bank Corporation financial history by metric
Compare SouthState Bank Corporation with peers
About SouthState Bank Corporation
SouthState Bank Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States. The company offers checking accounts, savings accounts, money market accounts, and time deposit accounts; interest-bearing deposits, certificates of deposits, and other time deposits; and interest-bearing transaction accounts. It provides bond accounting services for correspondents, asset/liability consulting related activities, international wires, and other clearing and corporate checking account services. In addition, the company offers commercial real estate, residential real estate, and commercial and industrial loans, as well as consumer loans, including auto, boat, and personal installment, as well as business, agriculture, real estate-secured (mortgage), home improvement, and manufactured housing loans. Further, it provides debit and credit card, mobile services, funds transfer products and services, and treasury management services comprising merchant, automated clearing house, lock-box, remote deposit capture, and other treasury services, as well as asset and wealth management, and other fiduciary and private banking services. Additionally, the company offers safe deposit boxes, bank money orders, wire transfer and ACH services, brokerage services, and alternative investment products, such as annuities and mutual funds, trust and asset management services; letters of credit and home equity lines of credit; and online, mobile, and telephone banking platforms. The company was formerly known as SouthState Corporation and changed its name to SouthState Bank Corporation in September 2025. SouthState Bank Corporation was founded in 1933 and is headquartered in Winter Haven, Florida.
SouthState Bank Corporation — frequently asked questions
What is SouthState Bank Corporation's revenue?
SouthState Bank Corporation (SSB) reported revenue of $2.68B for fiscal year 2025, up 55.9% from the prior year, according to its SEC filings.
Is SouthState Bank Corporation profitable?
Yes. SSB earned net income of $798.67M in fiscal 2025, a net margin of 29.8%.
What is SSB's P/E ratio?
SouthState Bank Corporation trades at a price-to-earnings ratio of about 10.4 based on the latest data in our nightly-refreshed cache.
How much debt does SouthState Bank Corporation have?
As of fiscal year 2025, SSB carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is SouthState Bank Corporation's market cap?
SouthState Bank Corporation (SSB) has a market capitalization of about $9.42B, based on the latest data in our nightly-refreshed cache.
When does SouthState Bank Corporation's fiscal year end?
SSB's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into SSB stock?
At today's market cap of $9.42B, SouthState Bank Corporation is priced for free-cash-flow growth of about 17.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $230.59M from the FY ending 2025-12-31). For comparison, free cash flow actually grew -15%/yr over the last five fiscal years, computed from its SEC filings.
Where does this data come from?
All figures are computed from SouthState Bank Corporation's official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.