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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)590.83m
- Net income in USD186.48m
- Incorporated1985
- Employees2.55k
- LocationSouth State Corp520 Gervais StCOLUMBIA 29201-3046United StatesUSA
- Phone+1 (803) 231-3452
- Websitehttp://www.snl.com/IRW/CorporateProfile/1019950
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Mergers & acquisitions
| Acquired company | SSB:NSQ since announced | Transaction value |
|---|---|---|
| CenterState Bank Corp | -12.13% | 3.22bn |
Data delayed at least 15 minutes, as of Feb 25 2020 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Independent Bank Corp (Massachusetts) | 447.01m | 165.18m | 2.49bn | 1.19k | 14.43 | 1.46 | 18.95 | 4.91 | 5.03 | 5.03 | 15.48 | 49.69 | -- | -- | -- | -- | 1.63 | 1.27 | -- | -- | -- | -- | 32.49 | 28.16 | -- | -- | -- | 36.91 | 38.09 | 15.61 | 35.81 | 22.51 | -- | 12.58 |
| First Interstate Bancsystem Inc | 542.20m | 181.00m | 2.52bn | 2.33k | 13.64 | 1.25 | 15.98 | 3.89 | 2.83 | 2.83 | 10.13 | 30.87 | -- | -- | -- | -- | 1.30 | 1.14 | -- | -- | -- | -- | 27.98 | 25.02 | -- | -- | -- | 26.25 | 4.56 | 13.14 | 12.98 | 16.48 | -- | 14.14 |
| International Bancshares Corp | 496.02m | 210.34m | 2.53bn | 2.82k | 12.18 | 1.22 | 10.63 | 4.28 | 3.19 | 3.21 | 8.98 | 31.73 | -- | -- | -- | -- | 1.77 | 1.32 | -- | -- | -- | -- | 35.55 | 29.96 | -- | -- | -- | 26.00 | 12.21 | 5.10 | 38.96 | 11.15 | -15.62 | 11.77 |
| South State Corp | 590.83m | 186.48m | 2.59bn | 2.55k | 14.34 | 1.09 | 11.78 | 3.99 | 5.37 | 5.37 | 18.62 | 70.32 | -- | -- | -- | -- | 1.22 | 1.16 | -- | -- | -- | -- | 28.79 | 24.74 | -- | -- | -- | 29.42 | 4.16 | 11.55 | 4.84 | 20.19 | -0.3879 | 15.29 |
| Fulton Financial Corp | 825.31m | 226.34m | 2.63bn | 3.50k | 11.85 | 1.12 | 10.26 | 3.04 | 1.35 | 1.35 | 5.15 | 14.26 | -- | -- | -- | -- | 1.06 | 0.9613 | -- | -- | -- | -- | 26.18 | 24.13 | -- | -- | -- | 43.31 | 8.81 | 6.72 | 8.61 | 7.47 | 6.54 | 9.77 |
| Washington Federal Inc. | 673.67m | 223.02m | 2.63bn | 2.00k | 12.05 | 1.29 | 10.02 | 4.60 | 2.80 | 2.80 | 7.17 | 26.26 | -- | -- | -- | -- | 1.37 | 1.19 | -- | -- | -- | -- | 39.04 | 36.78 | -- | -- | -- | 30.94 | 10.61 | 4.70 | 5.95 | 5.97 | -7.26 | 14.02 |
| Atlantic Union Bankshares Corp | 699.33m | 193.70m | 2.69bn | 1.61k | 13.95 | 1.07 | 15.99 | 4.00 | 2.41 | 2.40 | 8.36 | 31.41 | -- | -- | -- | -- | 1.24 | 1.09 | -- | -- | -- | -- | 28.88 | 25.85 | -- | -- | -- | 41.51 | 32.25 | 20.53 | 29.64 | 30.00 | -- | 10.60 |
| Columbia Banking System Inc | -100.00bn | -100.00bn | 2.70bn | 2.14k | -- | 1.29 | -- | -- | -- | -- | -- | 29.95 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Simmons First National Corporation | 786.65m | 237.84m | 2.75bn | 2.65k | 10.00 | 0.9202 | 13.06 | 3.41 | 2.42 | 2.42 | 8.18 | 26.30 | -- | -- | -- | -- | 1.26 | 1.17 | -- | -- | -- | -- | 29.52 | 25.33 | -- | -- | -- | 32.23 | 15.57 | 33.57 | 10.26 | 46.13 | -- | 7.69 |
| Ameris Bancorp | 636.39m | 161.44m | 2.75bn | 2.91k | 13.86 | 1.11 | 22.68 | 3.91 | 2.85 | 2.85 | 12.02 | 35.53 | -- | -- | -- | -- | 1.09 | 1.12 | -- | -- | -- | -- | 22.96 | 22.81 | -- | -- | -- | 17.37 | 53.97 | 31.06 | 33.39 | 33.25 | -- | 20.11 |
| Texas Capital Bancshares Inc | 1.37bn | 313.12m | 2.76bn | 1.74k | 8.82 | 1.03 | 7.87 | 2.57 | 6.21 | 6.21 | 21.27 | 56.27 | -- | -- | -- | -- | 1.06 | 0.9634 | -- | -- | -- | -- | 30.11 | 27.07 | -- | -- | -- | -- | 17.28 | 21.55 | 7.57 | 19.85 | 1.14 | -- |
| Cathay General Bancorp | 769.27m | 279.14m | 2.80bn | 1.28k | 10.42 | 1.26 | 12.93 | 4.52 | 3.48 | 3.48 | 7.73 | 28.78 | -- | -- | -- | -- | 1.60 | 1.45 | -- | -- | -- | -- | 45.01 | 41.53 | -- | -- | -- | 32.86 | 11.82 | 12.94 | 2.67 | 15.16 | -- | 33.72 |
| Investors Bancorp Inc | 1.04bn | 195.48m | 2.83bn | 1.90k | 15.34 | 1.08 | 17.43 | 3.99 | 0.7446 | 0.7446 | 2.70 | 10.60 | -- | -- | -- | -- | 0.7387 | 0.80 | -- | -- | -- | -- | 27.59 | 27.59 | -- | -- | -- | 49.12 | 7.41 | 9.50 | -2.40 | 8.22 | -- | 29.67 |
| Bancorpsouth Bank | 775.01m | 234.26m | 2.83bn | 4.45k | 12.15 | 1.16 | 22.86 | 3.04 | 2.30 | 2.30 | 9.14 | 25.69 | -- | -- | -- | -- | 1.20 | 1.09 | -- | -- | -- | -- | 25.17 | 21.57 | -- | -- | -- | 28.97 | 18.60 | 11.47 | 11.84 | 14.94 | -- | 25.30 |
Data as of Feb 25 2020. Currency figures normalised to South State Corp's reporting currency: US Dollar USD
48.21%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| The Vanguard Group, Inc.as of 31 Dec 2019 | 3.02m | 8.94% |
| Wellington Management Co. LLPas of 31 Dec 2019 | 2.39m | 7.08% |
| BlackRock Fund Advisorsas of 31 Dec 2019 | 2.26m | 6.69% |
| Dimensional Fund Advisors LPas of 31 Dec 2019 | 1.97m | 5.82% |
| T. Rowe Price Associates, Inc. (Investment Management)as of 31 Dec 2019 | 1.42m | 4.22% |
| Victory Capital Management, Inc. (Investment Management)as of 31 Dec 2019 | 1.28m | 3.78% |
| EARNEST Partners LLCas of 31 Dec 2019 | 1.08m | 3.21% |
| Silvercrest Asset Management Group LLCas of 31 Dec 2019 | 1.01m | 3.00% |
| SSgA Funds Management, Inc.as of 31 Dec 2019 | 950.00k | 2.81% |
| Fenimore Asset Management, Inc.as of 31 Dec 2019 | 899.28k | 2.66% |
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Data from 31 Dec 2019 - 31 Dec 2019Source: FactSet Research Systems Inc.
