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South State Bank

SSB NYSE Regional Banks Financials FY2016–FY2025

South State Bank's revenue rose 56.1% to $2.7 billion in fiscal 2025. Net income was $799 million, up 49.3%. Its return on equity was 10.7%, up from 9.4% a year earlier. Its efficiency ratio was 56.7%, down from 58.3% a year earlier. It paid out $467 million in dividends and buybacks. The diluted share count rose 32.2%.

Last close · Oct 23, 2026

$105.51

0.3%
Value it Compare
Revenue Total sales reported in the income statement.
$2.7B
56.1% vs prior year
Efficiency ratio Noninterest expense as a share of revenue. Lower is better for banks.
56.7%
1.6 pts
Net income Profit after all expenses, interest and tax.
$799M
49.3%
Return on equity Net income as a share of average shareholders' equity.
10.7%
1.3 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$10.7B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
11.1x
On $9.51 EPS (TTM)

What South State Bank does

No business description yet.

Legal name
SOUTHSTATE BANK CORP
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0001104659-26-017884
0000764038

Revenue and margins

South State Bank had $2.7B of revenue in fiscal 2025, up 56.1% on the year before.

Revenue
Revenue
Net interest income share and efficiency ratio
Net interest share Efficiency ratio
Net interest income share and efficiency ratio
Net interest share Efficiency ratio

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 7.3% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns and efficiency

For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.

Return on equity, return on tangible equity and efficiency ratio
ROE ROTE Efficiency ratio

Dividends, buybacks and share count

South State Bank returned $467M to shareholders in fiscal 2025. The diluted share count rose 32.2%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value South State Bank yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Earnings multiple

Value per share

—

Reference multiples: today 11.1x · peers 12.4x · sector 13.7x.

Balance sheet

Loans, deposits and capital at each fiscal year end.

Loans and deposits
Loans Deposits
Fiscal year endFY21FY22FY23FY24FY25
Loans, net $23.6B$29.8B$31.9B$33.4B$48.0B
Deposits $35.1B$36.4B$37.0B$38.1B$55.1B
Loans / deposits 67.4%82.0%86.2%87.9%87.1%
Total assets $41.8B$43.9B$44.9B$46.4B$67.2B
Shareholders' equity $4.8B$5.1B$5.5B$5.9B$9.1B
Goodwill $1.6B$1.9B$1.9B$1.9B$3.1B
Intangible assets $128M$116M$88.8M$66.5M$386M
Provision / loans −0.6%0.1%0.4%0.1%0.3%

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$6.3M

3 insiders

Of sales under plans

43%

$2.7M

DateInsiderTradeSharesPriceValueFiling
Aug 19, 2026 William E Matthews VChief Financial Officer Sold 4,000 $108.93 $0.4M Form 4
Aug 5, 2026 David R BrooksDirector Sold plan 24,650 $110.00 $2.7M Form 4
Aug 3, 2026 David R BrooksDirector Sold 6,181 $107.92 $0.7M Form 4
Apr 28, 2026 David R BrooksDirector Sold 14,300 $98.39 $1.4M Form 4
Feb 18, 2026 Richard Murray IVPresident Sold 10,156 $104.76 $1.1M Form 4

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
South State Bank SSB $10.7B 56.1% — — — 11.1x —
UMB Financial UMBF $10.0B 62.8% — — — 11.3x — Compare →
Wintrust Financial WTFC $10.2B 11.2% — — — 12.1x — Compare →
Old National Bank ONB $9.3B 33.9% — — — 13.0x — Compare →
East West Bancorp EWBC $18.2B 12.2% — — — 12.6x — Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $446M $549M $659M $648M $1.1B $1.4B $1.6B $1.7B $1.7B $2.7B
Net interest income $325M $409M $513M $504M $827M $1.0B $1.3B $1.5B $1.4B $2.3B
Noninterest income $121M $140M $146M $144M $311M $354M $309M $287M $302M $378M
Noninterest expense $285M $368M $421M $405M $798M $948M $930M $995M $1.0B $1.5B
Provision for credit losses $6.8M $11.9M $13.8M $12.8M $89.9M −$152M $31.5M $114M $16.0M $120M
Pretax income $154M $169M $224M $230M $104M $604M $633M $631M $700M $1.0B
Income tax $52.8M $81.3M $45.4M $43.9M −$16.7M $129M $137M $137M $166M $242M
Net income $101M $87.6M $179M $187M $121M $476M $496M $494M $535M $799M
Net income to common $101M $87.6M $179M $187M $121M $476M $496M $494M $535M $799M
Diluted EPS $4.18 $2.93 $4.86 $5.36 $2.19 $6.71 $6.60 $6.46 $6.97 $7.87
Diluted shares 0.02B 0.03B 0.04B 0.03B 0.06B 0.07B 0.08B 0.08B 0.08B 0.10B
Cash flow
Stock-based compensation $6.2M $6.9M $8.8M $8.8M $23.3M $25.7M $35.6M $35.9M $28.0M $37.0M
Share buybacks $6.0M $5.5M $70.6M $159M $32.4M $147M $119M $16.1M $16.8M $236M
Dividends paid $29.3M $38.6M $50.6M $57.7M $98.3M $135M $147M $156M $163M $231M
Dividends and buybacks $35.3M $44.1M $121M $217M $131M $283M $266M $172M $180M $467M
Balance sheet
Loans, net $6.6B $10.6B $11.0B $11.3B $24.2B $23.6B $29.8B $31.9B $33.4B $48.0B
Deposits $7.3B $11.5B $11.6B $12.2B $30.7B $35.1B $36.4B $37.0B $38.1B $55.1B
Goodwill $338M $1,000M $1.0B $1.0B $1.6B $1.6B $1.9B $1.9B $1.9B $3.1B
Intangible assets $39.8M $73.8M $62.9M $49.8M $163M $128M $116M $88.8M $66.5M $386M
Total assets $8.9B $14.5B $14.7B $15.9B $37.8B $41.8B $43.9B $44.9B $46.4B $67.2B
Preferred stock $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Shareholders' equity $1.1B $2.3B $2.4B $2.4B $4.6B $4.8B $5.1B $5.5B $5.9B $9.1B
Margins
Net margin 22.7% 16.0% 27.1% 28.8% 10.6% 34.3% 30.2% 28.4% 31.1% 29.8%
Net interest share of revenue 72.8% 74.5% 77.9% 77.8% 72.7% 74.5% 81.2% 83.5% 82.4% 85.9%
Efficiency ratio 63.9% 67.1% 63.9% 62.5% 70.1% 68.4% 56.5% 57.2% 58.3% 56.7%
Returns
Return on equity 9.2% 5.1% 7.7% 7.9% 3.4% 10.1% 10.0% 9.3% 9.4% 10.7%
Return on assets 1.2% 0.8% 1.2% 1.2% 0.5% 1.2% 1.2% 1.1% 1.2% 1.4%
Return on tangible equity 14.2% 8.8% 14.1% 14.2% 5.7% 15.8% 16.2% 15.1% 14.4% 16.9%
Growth
Revenue growth 0.6% 23.1% 20.0% −1.7% 75.6% 22.0% 18.6% 5.8% −1.3% 56.1%
Net income growth 1.8% −13.6% 104.3% 4.3% −35.3% 294.2% 4.3% −0.4% 8.2% 49.3%
EPS growth 1.7% −29.9% 65.9% 10.3% −59.1% 206.4% −1.6% −2.1% 7.9% 12.9%
Share count change −0.0% 23.6% 22.9% −5.4% 58.2% 28.7% 6.1% 1.7% 0.4% 32.2%
Financial health
Loans / deposits 90.6% 91.7% 94.1% 92.9% 78.9% 67.4% 82.0% 86.2% 87.9% 87.1%
Provision / loans 0.1% 0.1% 0.1% 0.1% 0.5% −0.6% 0.1% 0.4% 0.1% 0.3%
Capital allocation
Stock comp / revenue 1.4% 1.3% 1.3% 1.4% 2.1% 1.9% 2.2% 2.1% 1.6% 1.4%

Source: SEC EDGAR XBRL filings (CIK 0000764038). Data updated October 18, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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