Equities

South State Corp

South State Corp

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  • Price (USD)80.09
  • Today's Change-0.93 / -1.15%
  • Shares traded185.54k
  • 1 Year change-8.03%
  • Beta1.0673
Data delayed at least 15 minutes, as of Jan 15 2021 21:00 GMT.
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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
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
SSB:NSQ since
announced
Transaction
value
Duncan Williams IncAnnounced15 Oct 202015 Oct 2020Announced51.89%--
CenterState Bank CorpDeal completed27 Jan 202027 Jan 2020Deal completed-6.35%3.22bn
Data delayed at least 15 minutes, as of Jan 15 2021 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)
Glacier Bancorp, Inc.601.04m241.95m4.74bn2.95k19.382.1017.426.532.572.577.7223.63--------1.531.49--------33.2831.19------62.8716.4612.7415.7613.302.6510.96
Popular Inc2.13bn494.80m5.12bn8.56k10.840.86919.132.165.615.6126.9670.20--------0.83981.29--------20.9625.94------15.3811.826.723.94--11.01--
New York Community Bancorp, Inc.1.73bn385.05m5.13bn2.79k13.320.823312.374.670.83060.83062.3714.52--------0.78650.6723--------38.4830.38------112.816.831.41-6.98-5.78---7.42
Pinnacle Financial Partners Inc1.03bn293.73m5.37bn2.49k18.291.1716.284.933.873.8714.3563.16--------0.96961.41--------27.3334.71------14.6612.8038.9511.5341.5848.2914.87
TFS Financial Corporation455.30m81.74m5.37bn896.0065.043.2146.2618.180.29470.29471.075.97--------0.5710.6179--------28.1928.76------46.46-5.563.493.782.58-10.3029.06
BOK Financial Corporation1.32bn388.81m5.46bn5.11k13.991.0511.122.865.555.5527.2374.23--------0.87711.07--------20.5123.51------34.2824.7115.9113.0311.464.594.41
Synovus Financial Corp.1.88bn339.11m5.56bn5.23k16.431.2213.382.762.292.3113.6134.38--------0.73941.11--------18.4725.33------28.5952.5417.1735.0223.939.6138.94
First Financial Bankshares Inc353.79m184.95m5.68bn1.35k30.523.4928.7912.191.311.313.3111.47--------1.981.78--------39.6737.16------40.299.439.969.8912.97-13.0210.76
South State Corp771.11m83.49m5.71bn2.55k52.401.2546.416.101.541.5420.5764.34--------0.31171.16--------8.9124.74------29.424.1611.554.8420.19-0.387915.29
Healthequity Inc746.60m3.28m5.85bn2.93k1,747.414.3250.767.840.04350.043510.1817.610.2862--11.40254,725.700.12567.450.13317.9057.3460.640.438915.07--2.280.42480.0085.2143.36-46.3326.8937.90--
First Citizens BancShares Inc (Delaware1.46bn446.09m6.11bn6.82k14.461.6610.563.3743.7543.75176.17415.06--------1.050.9609--------25.1521.32------4.8412.7013.0518.9326.987.925.92
Cullen/Frost Bankers, Inc.1.05bn333.85m6.12bn4.66k18.381.5015.444.215.305.3023.0965.07--------0.94691.20--------23.8330.47------41.907.8610.08-2.629.949.396.64
People's United Financial, Inc.1.89bn488.20m6.14bn6.11k12.550.808810.693.051.151.154.7518.44--------0.88950.8446--------24.9424.69------63.9020.8712.7913.8315.104.821.48
Prosperity Bancshares, Inc.1.14bn477.95m6.64bn3.90k13.781.1013.065.855.215.2112.4365.20--------1.731.28--------42.0939.17------33.1314.543.113.342.269.0116.95
Data as of Jan 15 2021. Currency figures normalised to South State Corp's reporting currency: US Dollar USD

Institutional shareholders

40.63%Per cent of shares held by top holders
HolderShares% Held
The Vanguard Group, Inc.as of 30 Sep 20206.21m8.75%
Wellington Management Co. LLPas of 30 Sep 20204.34m6.12%
BlackRock Fund Advisorsas of 30 Sep 20204.33m6.11%
T. Rowe Price Associates, Inc. (Investment Management)as of 30 Sep 20203.79m5.34%
Dimensional Fund Advisors LPas of 30 Sep 20202.82m3.98%
SSgA Funds Management, Inc.as of 30 Sep 20201.85m2.61%
Victory Capital Management, Inc. (Investment Management)as of 30 Sep 20201.57m2.21%
Capital Research & Management Co. (Global Investors)as of 30 Sep 20201.33m1.88%
Franklin Mutual Advisers LLCas of 30 Sep 20201.30m1.84%
Goldman Sachs Asset Management LPas of 30 Sep 20201.29m1.81%
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Data from 30 Sep 2020 - 30 Sep 2020Source: FactSet Research Systems Inc.
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