SSB
SouthState Bank Corp
Next earnings Jul 24, 2026 · consensus $2.32 EPS, $684M rev
Last earnings +0.6% on 2026-04-23
$100.16
▲ +0.17%$100.16▲ +12.91%
over 1Y
L $84.31H $107.16
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.2%
1W-0.6%
1M+6.4%
3M+7.3%
YTD+7.6%
1Y+12.9%
Buy
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 18 analysts
Buy
Fast-growing Southeastern regional bank trading near book value at ~12x earnings, with a big accretive acquisition just bedding in — cheap for the franchise.
Net income $799M · FY2025
The read
Quality fundamentals and an attractive price line up (~199% below fair value) — the rarer case where both the business and the entry look good.
SouthState is a Southeastern US regional bank (Florida, the Carolinas, Texas, Georgia and the Mountain West) that just completed a transformational deal: the January 2025 acquisition of Texas-based Independent added 92 branches and drove total assets up 44.9% to $67.2B, with stockholders' equity rising 53.8% to $9.06B. The franchise spans community banking plus a correspondent-banking/capital-markets division, broker-dealer, RIA and a transportation-factoring business — a diversified, deposit-funded model. The bank also executed a sale-leaseback of branch properties with Blue Owl, monetizing real estate.
The earnings power is real and the price is undemanding. Net income jumped 49.3% to $799M and diluted EPS rose to $7.87 (+12.9% per share after the deal-related share issuance), continuing a steady climb from $6.71 in FY2021. Management is returning capital aggressively post-deal: dividends up 42.0% to $231M and buybacks of $236M, while shrinking the share count 3.3%. Per the 10-K's own table, the stock trades around 12x earnings and roughly 1.03x book value — cheap relative to its own five-year history (1.14x-1.29x) and to the quality of a growing Sunbelt deposit franchise.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:49 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $476M | $496M | $494M | $535M | $799M |
| Diluted EPS | $6.71 | $6.60 | $6.46 | $6.97 | $7.87 |
| Net margin | — | — | — | — | — |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF42.4
PEG (trailing)0.26
Earnings yield8.2%
FCF yield2.4%
Quality & risk
ROIC (est.)—
Free cash flow$231M
Total debt$55.4M
Net cash$3.12B
Piotroski F-Score5/6
Capital returns
Buyback yield2.4%
Dividend yield (est.)2.4%
Shareholder yield4.8%
Shares Δ YoY-3.3%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRoutine disclosure cadence — no material red flags in recent filings.
Recent filings
all on EDGAR ↗11-KPeriod ending 2025-12-312026-06-18open ↗4Period ending 2026-05-042026-05-05open ↗4Period ending 2026-05-042026-05-05open ↗4Period ending 2026-05-042026-05-05open ↗4Period ending 2026-05-042026-05-05open ↗13F-HRPeriod ending 2026-03-312026-05-05open ↗4Period ending 2026-05-012026-05-04open ↗4Period ending 2026-05-012026-05-04open ↗4Period ending 2026-05-012026-05-04open ↗4Period ending 2026-05-012026-05-04open ↗4Period ending 2026-05-012026-05-04open ↗4Period ending 2026-05-012026-05-04open ↗
Frequently asked
- Is SouthState Bank Corp (SSB) a buy?
- SSB currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Fast-growing Southeastern regional bank trading near book value at ~12x earnings, with a big accretive acquisition just bedding in — cheap for the franchise.
- What is SSB's fair value?
- A Modified-Graham model based on SSB's SEC fundamentals estimates a fair value of about $299.06. It is an estimate from reported earnings, not a price target.
- Is SSB overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, SSB currently appears undervalued relative to its SEC-grounded earnings power.
- What is SouthState Bank Corp's quality score?
- SSB scores 78.9608885796668/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000764038, latest 10-Q filed 2026-05-01) · EODHD · Proprietary analysis · as of 6/21/2026, 8:49:04 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.