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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)625.82m
- Net income in USD39.83m
- 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 |
|---|---|---|
| CenterState Bank Corp | -35.35% | 3.22bn |
Data delayed at least 15 minutes, as of Aug 07 2020 21:00 BST.
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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Synovus Financial Corp. | 1.97bn | 383.26m | 3.16bn | 5.31k | 8.39 | 0.6988 | 7.34 | 1.57 | 2.55 | 2.57 | 13.47 | 34.30 | -- | -- | -- | -- | 0.821 | 1.11 | -- | -- | -- | -- | 20.66 | 25.33 | -- | -- | -- | 28.59 | 52.54 | 17.17 | 35.02 | 23.93 | 9.61 | 38.94 |
| Community Bank System, Inc. | -100.00bn | -100.00bn | 3.18bn | 2.75k | -- | 1.53 | -- | -- | -- | -- | -- | 38.89 | -- | -- | -- | -- | -- | 1.34 | -- | -- | -- | -- | -- | 26.05 | -- | -- | -- | 50.95 | 6.34 | 8.53 | 0.4562 | 13.16 | -15.73 | 6.34 |
| Valley National Bancorp | 1.39bn | 290.18m | 3.21bn | 3.17k | 10.33 | 0.7537 | 12.51 | 2.74 | 0.7702 | 0.7702 | 3.12 | 11.08 | -- | -- | -- | -- | 0.8104 | 0.792 | -- | -- | -- | -- | 25.83 | 24.05 | -- | -- | -- | 65.39 | 13.95 | 15.72 | 20.55 | 20.66 | 1.35 | 0.00 |
| Pinnacle Financial Partners Inc | 1.06bn | 297.40m | 3.24bn | 2.49k | 10.96 | 0.7228 | 12.89 | 3.03 | 3.90 | 3.90 | 14.05 | 61.95 | -- | -- | -- | -- | 0.9933 | 1.41 | -- | -- | -- | -- | 27.80 | 34.71 | -- | -- | -- | 14.66 | 12.80 | 38.95 | 11.53 | 41.58 | 48.29 | 14.87 |
| Bank Ozk | 1.11bn | 266.83m | 3.25bn | 2.77k | 12.28 | 0.7986 | 13.39 | 3.37 | 2.07 | 2.07 | 7.48 | 31.78 | -- | -- | -- | -- | 1.08 | 2.02 | -- | -- | -- | -- | 27.61 | 42.86 | -- | -- | -- | 23.85 | 5.61 | 31.88 | 2.11 | 29.13 | 40.44 | 14.87 |
| Glacier Bancorp, Inc. | 585.95m | 215.80m | 3.51bn | 2.95k | 15.86 | 1.59 | 14.32 | 5.04 | 2.32 | 2.32 | 7.50 | 23.10 | -- | -- | -- | -- | 1.46 | 1.49 | -- | -- | -- | -- | 30.99 | 31.19 | -- | -- | -- | 62.87 | 16.46 | 12.74 | 15.76 | 13.30 | 2.65 | 10.96 |
| United Bankshares, Inc. | 753.42m | 222.12m | 3.71bn | 2.20k | 13.55 | 0.8825 | -- | 4.63 | 2.11 | 2.11 | 7.54 | 32.35 | -- | -- | -- | -- | 0.9633 | 1.22 | -- | -- | -- | -- | 27.77 | 32.14 | -- | -- | -- | 60.75 | 6.25 | 12.75 | 1.51 | 14.90 | 4.54 | 1.22 |
| Western Alliance Bancorporation | 1.26bn | 432.68m | 3.77bn | 1.84k | 8.78 | 1.21 | 8.33 | 3.23 | 4.26 | 4.26 | 11.50 | 30.76 | -- | -- | -- | -- | 1.51 | 1.82 | -- | -- | -- | -- | 37.05 | 41.39 | -- | -- | -- | 3.01 | 18.54 | 24.09 | 14.54 | 27.57 | 20.34 | -- |
| South State Corp | 625.82m | 39.83m | 3.91bn | 2.55k | 32.51 | 0.8728 | 26.26 | 5.46 | 1.70 | 1.70 | 19.72 | 63.35 | -- | -- | -- | -- | 0.1492 | 1.16 | -- | -- | -- | -- | 5.56 | 24.74 | -- | -- | -- | 29.42 | 4.16 | 11.55 | 4.84 | 20.19 | -0.3879 | 15.29 |
| Healthequity Inc | 634.95m | -332.00k | 3.93bn | 2.93k | 2,552.74 | 3.52 | 50.42 | 6.20 | 0.0201 | 0.0201 | 9.09 | 14.58 | 0.402 | -- | 13.12 | 216,633.20 | -0.021 | 7.45 | -0.0221 | 7.90 | 59.25 | 60.64 | -0.0523 | 15.07 | -- | 3.97 | 0.5385 | 0.00 | 85.21 | 43.36 | -46.33 | 26.89 | 37.90 | -- |
| First Citizens BancShares Inc (Delaware | 1.45bn | 432.82m | 4.06bn | 6.82k | 10.38 | 1.16 | 7.20 | 2.29 | 41.00 | 41.00 | 167.59 | 401.79 | -- | -- | -- | -- | 1.02 | 0.9609 | -- | -- | -- | -- | 24.67 | 21.32 | -- | -- | -- | 4.84 | 12.70 | 13.05 | 18.93 | 26.98 | 7.92 | 5.92 |
| TFS Financial Corporation | -100.00bn | -100.00bn | 4.16bn | 896.00 | -- | 2.51 | -- | -- | -- | -- | -- | 5.91 | -- | -- | -- | -- | -- | 0.6251 | -- | -- | -- | -- | -- | 28.05 | -- | -- | -- | 38.78 | 8.81 | 5.17 | -13.27 | 3.75 | 6.05 | 70.88 |
| BOK Financial Corporation | 1.42bn | 377.07m | 4.17bn | 5.11k | 11.07 | 0.8187 | 8.78 | 2.24 | 5.36 | 5.36 | 26.58 | 72.50 | -- | -- | -- | -- | 0.864 | 1.07 | -- | -- | -- | -- | 20.30 | 23.51 | -- | -- | -- | 34.28 | 24.71 | 15.91 | 13.03 | 11.46 | 4.59 | 4.41 |
| TCF Financial Corp | 1.90bn | 200.23m | 4.27bn | 8.21k | 21.00 | 0.7812 | 9.12 | 2.05 | 1.34 | 1.34 | 14.23 | 37.02 | -- | -- | -- | -- | 0.605 | 1.04 | -- | -- | -- | -- | 10.54 | 23.91 | -- | -- | -- | 42.83 | 104.55 | 47.51 | 1.63 | 35.66 | 63.05 | 7.98 |
| First Financial Bankshares Inc | 343.01m | 175.17m | 4.52bn | 1.35k | 25.37 | 2.84 | 24.21 | 10.29 | 1.26 | 1.26 | 3.15 | 11.21 | -- | -- | -- | -- | 1.91 | 1.78 | -- | -- | -- | -- | 39.83 | 37.16 | -- | -- | -- | 40.29 | 9.43 | 9.96 | 9.89 | 12.97 | -13.02 | 10.76 |
Data as of Aug 07 2020. Currency figures normalised to South State Corp's reporting currency: US Dollar USD
85.15%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| The Vanguard Group, Inc.as of 31 Mar 2020 | 6.48m | 19.36% |
| BlackRock Fund Advisorsas of 31 Mar 2020 | 4.65m | 13.89% |
| T. Rowe Price Associates, Inc. (Investment Management)as of 31 Mar 2020 | 4.14m | 12.37% |
| Dimensional Fund Advisors LPas of 31 Mar 2020 | 2.99m | 8.92% |
| Wellington Management Co. LLPas of 31 Mar 2020 | 2.97m | 8.87% |
| SSgA Funds Management, Inc.as of 31 Mar 2020 | 1.93m | 5.76% |
| Regions Investment Management, Inc.as of 30 Jun 2020 | 1.60m | 4.77% |
| Goldman Sachs Asset Management LPas of 31 Mar 2020 | 1.37m | 4.11% |
| Northern Trust Investments, Inc.(Investment Management)as of 31 Mar 2020 | 1.24m | 3.70% |
| Select Equity Group LPas of 31 Mar 2020 | 1.14m | 3.42% |
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Data from 31 Mar 2020 - 30 Jun 2020Source: FactSet Research Systems Inc.
