SSB NYSE Regional Banks Financials FY2016–FY2025
South State Bank had $2.7B of revenue in fiscal 2025, up 56.1% on the year before. Over five years, revenue changed +18.7% a year on average.
Hi! I read South State Bank’s latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+56.1%
Yes. Sales grew 56.1% last year.
Does it make a profit?
29.8%
Yes. It keeps 29.8% of every sale as profit.
How lean are its costs?
56.7%
Average. Running costs take 56.7% of revenue.
How much does it earn on its capital?
10.7%
Fair. It earns 10.7% a year on shareholders’ money.
How is the share priced?
11.1x
One share costs 11.1 times its yearly profit per share. Typical for its sector: 13.7x.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA summarises the numbers
South State Bank had $2.7B of revenue in fiscal 2025, up 56.1% on the year before.
Over five years, revenue changed +18.7% a year on average.
Revenue
Revenue
Net interest income share and efficiency ratio
Net interest income share and efficiency ratio
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Loss periods are shown in red.
KIRA summarises the numbers
South State Bank made $799M of net profit in fiscal 2025.
From fiscal 2016 to 2025, diluted EPS grew 7.3% a year.
Net income
Net income
Diluted EPS
Diluted EPS
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
How much cash comes in, and where does it go?
KIRA summarises the numbers
South State Bank returned $467M to shareholders in fiscal 2025.
The diluted share count rose 32.2%.
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
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.
KIRA summarises the numbers
In the last 12 months, insiders sold $6.3M of shares on the open market and bought none.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$6.3M
3 insiders
Of sales under plans
43%
$2.7M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 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 |
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Can it carry its debts, and how well does it use its money?
Loans, deposits and capital at each fiscal year end.
Loans and deposits
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| 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% |
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.
KIRA summarises the numbers
It earned 10.7% on shareholders’ money.
Running costs took 56.7% of revenue (the efficiency ratio; lower is better).
Return on equity, return on tangible equity and efficiency ratio
In plain words: Return on equity is the profit made on shareholders’ money each year. The efficiency ratio is how much of each dollar of revenue goes on running costs, so lower is better.
What does the share cost, and how does it compare?
What could happen to the share if things go badly, normally or very well? Pick a story or make your own. These are examples, not forecasts or price targets.
KIRA summarises the numbers
At $105.40 a share, the company is worth $10.7B: 11.1 times its earnings of the last four quarters.
Tap one to see how it is built. Swipe for more.
Share in 5 years
$239.32
+18% a year
If you put in $1,000 today: $2,271
At 11x, earnings only need to grow 0.2% a year for the share to be worth today’s price in 5 years. Faster, you gain; slower, you lose.
These are examples, not forecasts: nobody knows which will happen. Price in 5 years = earnings per share then × the P/E then. Dividends are not included.
Value per share
—
Reference multiples: today 11.1x · peers 12.4x · sector 13.7x.
In plain words: In the long run a share tends to follow two things: how much the company earns per share, and how many times those earnings the market is willing to pay (the P/E). Move those two levers and you see what the share could be worth. Different guesses give very different answers.
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
KIRA summarises the numbers
South State Bank grew sales faster than 3 of its 4 similar companies.
Its P/E is higher than 0 of 4.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| South State Bank SSB | $10.7B | 56.1% | — | — | — | 11.1x | — | |
| UMB Financial UMBF | $9.9B | 62.8% | — | — | — | 11.2x | — | Compare → |
| Wintrust Financial WTFC | $10.3B | 11.2% | — | — | — | 12.1x | — | Compare → |
| Old National Bank ONB | $9.1B | 33.9% | — | — | — | 12.8x | — | Compare → |
| East West Bancorp EWBC | $18.3B | 12.2% | — | — | — | 12.7x | — | Compare → |
In plain words: The same numbers for similar companies, so you can tell whether a figure is high or low for this kind of business.
Every number, year by year.
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
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.
