Equities

South State Corp

South State Corp

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  • Price (USD)75.15
  • Today's Change-1.85 / -2.40%
  • Shares traded426.32k
  • 1 Year change5.62%
  • Beta1.2869
Data delayed at least 15 minutes, as of Feb 25 2020 21:00 GMT.
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Profile data is unavailable for this security.

About the company

South State Corporation (South State) is a bank holding company. The Company provides a range of banking services and products to its customers through its bank subsidiary, South State Bank (the Bank), a South Carolina-chartered commercial bank. The Bank provides a range of retail and commercial banking services, mortgage lending services, trust and investment services, and consumer finance loans. The Company conducts its business from 170 financial centers across South Carolina, North Carolina, Georgia, and Virginia. It provides its customers with checking accounts, Negotiable Order of Withdrawal (NOW) accounts and alternative investment products. The Bank's securities available for sale consist mainly of debentures of government-sponsored entities, state and municipal bonds, and mortgage-backed securities.

  • Revenue in USD (TTM)590.83m
  • Net income in USD186.48m
  • Incorporated1985
  • Employees2.55k
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
SSB:NSQ since
announced
Transaction
value
CenterState Bank CorpAnnounced27 Jan 202027 Jan 2020Announced-12.13%3.22bn
Data delayed at least 15 minutes, as of Feb 25 2020 21:00 GMT.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Independent Bank Corp (Massachusetts)447.01m165.18m2.49bn1.19k14.431.4618.954.915.035.0315.4849.69--------1.631.27--------32.4928.16------36.9138.0915.6135.8122.51--12.58
First Interstate Bancsystem Inc542.20m181.00m2.52bn2.33k13.641.2515.983.892.832.8310.1330.87--------1.301.14--------27.9825.02------26.254.5613.1412.9816.48--14.14
International Bancshares Corp496.02m210.34m2.53bn2.82k12.181.2210.634.283.193.218.9831.73--------1.771.32--------35.5529.96------26.0012.215.1038.9611.15-15.6211.77
South State Corp590.83m186.48m2.59bn2.55k14.341.0911.783.995.375.3718.6270.32--------1.221.16--------28.7924.74------29.424.1611.554.8420.19-0.387915.29
Fulton Financial Corp825.31m226.34m2.63bn3.50k11.851.1210.263.041.351.355.1514.26--------1.060.9613--------26.1824.13------43.318.816.728.617.476.549.77
Washington Federal Inc.673.67m223.02m2.63bn2.00k12.051.2910.024.602.802.807.1726.26--------1.371.19--------39.0436.78------30.9410.614.705.955.97-7.2614.02
Atlantic Union Bankshares Corp699.33m193.70m2.69bn1.61k13.951.0715.994.002.412.408.3631.41--------1.241.09--------28.8825.85------41.5132.2520.5329.6430.00--10.60
Columbia Banking System Inc-100.00bn-100.00bn2.70bn2.14k--1.29----------29.95--------------------------------------------
Simmons First National Corporation786.65m237.84m2.75bn2.65k10.000.920213.063.412.422.428.1826.30--------1.261.17--------29.5225.33------32.2315.5733.5710.2646.13--7.69
Ameris Bancorp636.39m161.44m2.75bn2.91k13.861.1122.683.912.852.8512.0235.53--------1.091.12--------22.9622.81------17.3753.9731.0633.3933.25--20.11
Texas Capital Bancshares Inc1.37bn313.12m2.76bn1.74k8.821.037.872.576.216.2121.2756.27--------1.060.9634--------30.1127.07--------17.2821.557.5719.851.14--
Cathay General Bancorp769.27m279.14m2.80bn1.28k10.421.2612.934.523.483.487.7328.78--------1.601.45--------45.0141.53------32.8611.8212.942.6715.16--33.72
Investors Bancorp Inc1.04bn195.48m2.83bn1.90k15.341.0817.433.990.74460.74462.7010.60--------0.73870.80--------27.5927.59------49.127.419.50-2.408.22--29.67
Bancorpsouth Bank775.01m234.26m2.83bn4.45k12.151.1622.863.042.302.309.1425.69--------1.201.09--------25.1721.57------28.9718.6011.4711.8414.94--25.30
Data as of Feb 25 2020. Currency figures normalised to South State Corp's reporting currency: US Dollar USD

Institutional shareholders

48.21%Per cent of shares held by top holders
HolderShares% Held
The Vanguard Group, Inc.as of 31 Dec 20193.02m8.94%
Wellington Management Co. LLPas of 31 Dec 20192.39m7.08%
BlackRock Fund Advisorsas of 31 Dec 20192.26m6.69%
Dimensional Fund Advisors LPas of 31 Dec 20191.97m5.82%
T. Rowe Price Associates, Inc. (Investment Management)as of 31 Dec 20191.42m4.22%
Victory Capital Management, Inc. (Investment Management)as of 31 Dec 20191.28m3.78%
EARNEST Partners LLCas of 31 Dec 20191.08m3.21%
Silvercrest Asset Management Group LLCas of 31 Dec 20191.01m3.00%
SSgA Funds Management, Inc.as of 31 Dec 2019950.00k2.81%
Fenimore Asset Management, Inc.as of 31 Dec 2019899.28k2.66%
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Data from 31 Dec 2019 - 31 Dec 2019Source: FactSet Research Systems Inc.
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