Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1101 First Street South, Suite 202 WINTER HAVEN FL 33880 |
Tel: | N/A |
Website: | https://southstatecorporation.q4ir.com |
IR: | See website |
Key People | ||
Richard Murray President | John C. Corbett Chief Executive Officer, Director | William E. Matthews Chief Financial Officer |
Renee R. Brooks Chief Operating Officer | Stephen Dean Young Chief Strategy Officer |
Business Overview |
SouthState Corporation is a financial holding company. The Company offers a range of banking services and products to its customers through its wholly owned bank subsidiary, South State Bank, National Association (the Bank). The Bank provides consumer, commercial, mortgage and wealth management solutions. The Bank's loan portfolio includes commercial real estate loans, residential real estate loans, commercial and industrial loans, and consumer loans. It also offers its customers a variety of deposit products and services, including checking accounts, savings accounts, other deposit accounts and treasury and merchant services, through multiple channels, including its network of approximately 251 full-service branches and online, mobile and telephone banking platforms. Through Corporate Billing, LLC, the Bank provides factoring, invoicing, collection, and accounts receivable management services to transportation companies and automotive parts and service providers. |
Financial Overview |
For the fiscal year ended 31 December 2023, SouthState Corp interest income increased 39% to $1.94B. Net interest income after loan loss provision increased 7% to $1.34B. Net income decreased less than 1% to $494.3M. Net interest income after loan loss provision reflects Financial services segment increase of 7% to $1.34B, Net Interest Margin, Total -% increase of 8% to 3.63%.. |
Employees: | 5,070 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $6,785M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,944M as of Dec 31, 2023 |
EBITDA (TTM): | $764.48M as of Dec 31, 2023 |
Net annual income (TTM): | $494.31M as of Dec 31, 2023 |
Free cash flow (TTM): | $351.69M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $370.17M as of Dec 31, 2023 |
Shares outstanding: | 76,252,786 as of Feb 29, 2024 |
Index Membership: | S&P 400 Mid Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |