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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)771.11m
- Net income in USD83.49m
- Incorporated1985
- Employees2.55k
- LocationSouth State Corp1101 FIRST STREET SOUTH, SUITE 202WINTER HAVEN 33880United StatesUSA
- Phone+1 (863) 293-4710
- Websitehttps://www.snl.com/IRW/CorporateProfile/1019950
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Mergers & acquisitions
| Acquired company | SSB:NSQ since announced | Transaction value |
|---|---|---|
| Duncan Williams Inc | 51.89% | -- |
| CenterState Bank Corp | -6.35% | 3.22bn |
Data delayed at least 15 minutes, as of Jan 15 2021 21:00 GMT.
Peer analysis
Key Information
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Glacier Bancorp, Inc. | 601.04m | 241.95m | 4.74bn | 2.95k | 19.38 | 2.10 | 17.42 | 6.53 | 2.57 | 2.57 | 7.72 | 23.63 | -- | -- | -- | -- | 1.53 | 1.49 | -- | -- | -- | -- | 33.28 | 31.19 | -- | -- | -- | 62.87 | 16.46 | 12.74 | 15.76 | 13.30 | 2.65 | 10.96 |
| Popular Inc | 2.13bn | 494.80m | 5.12bn | 8.56k | 10.84 | 0.8691 | 9.13 | 2.16 | 5.61 | 5.61 | 26.96 | 70.20 | -- | -- | -- | -- | 0.8398 | 1.29 | -- | -- | -- | -- | 20.96 | 25.94 | -- | -- | -- | 15.38 | 11.82 | 6.72 | 3.94 | -- | 11.01 | -- |
| New York Community Bancorp, Inc. | 1.73bn | 385.05m | 5.13bn | 2.79k | 13.32 | 0.8233 | 12.37 | 4.67 | 0.8306 | 0.8306 | 2.37 | 14.52 | -- | -- | -- | -- | 0.7865 | 0.6723 | -- | -- | -- | -- | 38.48 | 30.38 | -- | -- | -- | 112.81 | 6.83 | 1.41 | -6.98 | -5.78 | -- | -7.42 |
| Pinnacle Financial Partners Inc | 1.03bn | 293.73m | 5.37bn | 2.49k | 18.29 | 1.17 | 16.28 | 4.93 | 3.87 | 3.87 | 14.35 | 63.16 | -- | -- | -- | -- | 0.9696 | 1.41 | -- | -- | -- | -- | 27.33 | 34.71 | -- | -- | -- | 14.66 | 12.80 | 38.95 | 11.53 | 41.58 | 48.29 | 14.87 |
| TFS Financial Corporation | 455.30m | 81.74m | 5.37bn | 896.00 | 65.04 | 3.21 | 46.26 | 18.18 | 0.2947 | 0.2947 | 1.07 | 5.97 | -- | -- | -- | -- | 0.571 | 0.6179 | -- | -- | -- | -- | 28.19 | 28.76 | -- | -- | -- | 46.46 | -5.56 | 3.49 | 3.78 | 2.58 | -10.30 | 29.06 |
| BOK Financial Corporation | 1.32bn | 388.81m | 5.46bn | 5.11k | 13.99 | 1.05 | 11.12 | 2.86 | 5.55 | 5.55 | 27.23 | 74.23 | -- | -- | -- | -- | 0.8771 | 1.07 | -- | -- | -- | -- | 20.51 | 23.51 | -- | -- | -- | 34.28 | 24.71 | 15.91 | 13.03 | 11.46 | 4.59 | 4.41 |
| Synovus Financial Corp. | 1.88bn | 339.11m | 5.56bn | 5.23k | 16.43 | 1.22 | 13.38 | 2.76 | 2.29 | 2.31 | 13.61 | 34.38 | -- | -- | -- | -- | 0.7394 | 1.11 | -- | -- | -- | -- | 18.47 | 25.33 | -- | -- | -- | 28.59 | 52.54 | 17.17 | 35.02 | 23.93 | 9.61 | 38.94 |
| First Financial Bankshares Inc | 353.79m | 184.95m | 5.68bn | 1.35k | 30.52 | 3.49 | 28.79 | 12.19 | 1.31 | 1.31 | 3.31 | 11.47 | -- | -- | -- | -- | 1.98 | 1.78 | -- | -- | -- | -- | 39.67 | 37.16 | -- | -- | -- | 40.29 | 9.43 | 9.96 | 9.89 | 12.97 | -13.02 | 10.76 |
| South State Corp | 771.11m | 83.49m | 5.71bn | 2.55k | 52.40 | 1.25 | 46.41 | 6.10 | 1.54 | 1.54 | 20.57 | 64.34 | -- | -- | -- | -- | 0.3117 | 1.16 | -- | -- | -- | -- | 8.91 | 24.74 | -- | -- | -- | 29.42 | 4.16 | 11.55 | 4.84 | 20.19 | -0.3879 | 15.29 |
| Healthequity Inc | 746.60m | 3.28m | 5.85bn | 2.93k | 1,747.41 | 4.32 | 50.76 | 7.84 | 0.0435 | 0.0435 | 10.18 | 17.61 | 0.2862 | -- | 11.40 | 254,725.70 | 0.1256 | 7.45 | 0.1331 | 7.90 | 57.34 | 60.64 | 0.4389 | 15.07 | -- | 2.28 | 0.4248 | 0.00 | 85.21 | 43.36 | -46.33 | 26.89 | 37.90 | -- |
| First Citizens BancShares Inc (Delaware | 1.46bn | 446.09m | 6.11bn | 6.82k | 14.46 | 1.66 | 10.56 | 3.37 | 43.75 | 43.75 | 176.17 | 415.06 | -- | -- | -- | -- | 1.05 | 0.9609 | -- | -- | -- | -- | 25.15 | 21.32 | -- | -- | -- | 4.84 | 12.70 | 13.05 | 18.93 | 26.98 | 7.92 | 5.92 |
| Cullen/Frost Bankers, Inc. | 1.05bn | 333.85m | 6.12bn | 4.66k | 18.38 | 1.50 | 15.44 | 4.21 | 5.30 | 5.30 | 23.09 | 65.07 | -- | -- | -- | -- | 0.9469 | 1.20 | -- | -- | -- | -- | 23.83 | 30.47 | -- | -- | -- | 41.90 | 7.86 | 10.08 | -2.62 | 9.94 | 9.39 | 6.64 |
| People's United Financial, Inc. | 1.89bn | 488.20m | 6.14bn | 6.11k | 12.55 | 0.8088 | 10.69 | 3.05 | 1.15 | 1.15 | 4.75 | 18.44 | -- | -- | -- | -- | 0.8895 | 0.8446 | -- | -- | -- | -- | 24.94 | 24.69 | -- | -- | -- | 63.90 | 20.87 | 12.79 | 13.83 | 15.10 | 4.82 | 1.48 |
| Prosperity Bancshares, Inc. | 1.14bn | 477.95m | 6.64bn | 3.90k | 13.78 | 1.10 | 13.06 | 5.85 | 5.21 | 5.21 | 12.43 | 65.20 | -- | -- | -- | -- | 1.73 | 1.28 | -- | -- | -- | -- | 42.09 | 39.17 | -- | -- | -- | 33.13 | 14.54 | 3.11 | 3.34 | 2.26 | 9.01 | 16.95 |
Data as of Jan 15 2021. Currency figures normalised to South State Corp's reporting currency: US Dollar USD
40.63%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| The Vanguard Group, Inc.as of 30 Sep 2020 | 6.21m | 8.75% |
| Wellington Management Co. LLPas of 30 Sep 2020 | 4.34m | 6.12% |
| BlackRock Fund Advisorsas of 30 Sep 2020 | 4.33m | 6.11% |
| T. Rowe Price Associates, Inc. (Investment Management)as of 30 Sep 2020 | 3.79m | 5.34% |
| Dimensional Fund Advisors LPas of 30 Sep 2020 | 2.82m | 3.98% |
| SSgA Funds Management, Inc.as of 30 Sep 2020 | 1.85m | 2.61% |
| Victory Capital Management, Inc. (Investment Management)as of 30 Sep 2020 | 1.57m | 2.21% |
| Capital Research & Management Co. (Global Investors)as of 30 Sep 2020 | 1.33m | 1.88% |
| Franklin Mutual Advisers LLCas of 30 Sep 2020 | 1.30m | 1.84% |
| Goldman Sachs Asset Management LPas of 30 Sep 2020 | 1.29m | 1.81% |
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Data from 30 Sep 2020 - 30 Sep 2020Source: FactSet Research Systems Inc.
