SouthState Corp (N:SSB)

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
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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

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