SouthState Bank (SSB) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

SouthState Bank

NYSE•Financial Services•Banks - Regional

$106.04+0.53(0.01%)Market open

Market Cap

$10.41B

P/E

11.2x

P/S

2.8x

P/B

1.2x

SouthState Bank Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States. The company offers checking accounts, savings accounts, money market accounts, and time deposit accounts; interest-bearing deposits, certificates of deposits, and other time deposits; and interest-bearing transaction accounts. It provides bond accounting services for correspondents, asset/liability consulting related activities, international wires, and other clearing and corporate checking account services. In addition, the company offers commercial real estate, residential real estate, and commercial and industrial loans, as well as consumer loans, including auto, boat, and personal installment, as well as business, agriculture, real estate-secured (mortgage), home improvement, and manufactured housing loans. Further, it provides debit and credit card, mobile services, funds transfer products and services, and treasury management services comprising merchant, automated clearing house, lock-box, remote deposit capture, and other treasury services, as well as asset and wealth management, and other fiduciary and private banking services. Additionally, the company offers safe deposit boxes, bank money orders, wire transfer and ACH services, brokerage services, and alternative investment products, such as annuities and mutual funds, trust and asset management services; letters of credit and home equity lines of credit; and online, mobile, and telephone banking platforms. The company was formerly known as SouthState Corporation and changed its name to SouthState Bank Corporation in September 2025. SouthState Bank Corporation was founded in 1933 and is headquartered in Winter Haven, Florida.

How this company scores

GoodMetricSide Score: 70/100

Strongest: Cash & Earnings Quality (24/25); weakest: Balance Sheet & Red Flags (8/25).

Profitability20/25

Growth18/25

Balance Sheet & Red Flags8/25

Cash & Earnings Quality24/25

Strengths

Rising free cash flowStrong marginsRising earningsCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 11.2x5y range 9.4x – 18.5x

Currently near its 20-quarter median.

P/S · 2.8x5y range 2.4x – 4.2x

Currently near its 20-quarter median.

P/B · 1.2x5y range 1.0x – 1.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Share Dilution

Red Flag

Shares outstanding increased 26.9% — significant dilution, likely from stock compensation or capital raises.

Price & Volume

Market Cap $10.41B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.77B
Q. Revenue: $958.77M
TTM EBITDA: $1.28B
TTM Op. Income: $1.20B
Q. Op. Income: $290.32M
TTM Net Income: $927.36M
Q. Net Income: $223.80M
EPS: $2.31
Shares Out.: $96.92M

$3.77B in TTM revenue grew 9.7% YoY, reaching $958.77M last quarter. TTM EBITDA of $1.28B and TTM operating income of $1.20B show growth is flowing through to the bottom line. TTM net income of $927.36M means revenue is converting into profit. Over the past year, TTM revenue is up 10% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 71.5%
EBITDA Margin: 32.4%
Op. Margin: 30.3%
Net Margin: 23.3%

Op. margin of 30.3% is down 2.5% YoY — costs are rising relative to revenue. Net margin at 23.3% and gross margin of 71.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 8% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 11.2x
P/S Ratio: 2.8x
P/B Ratio: 1.2x

At 11.2x P/E, the stock trades below typical market levels. P/S of 2.8x and P/B of 1.2x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $70.44B
Cash: $2.97B
Long-Term Debt: N/A
Book Value: $9.05B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $759.86M
TTM Free Cash Flow: $1.50B
FCF Margin: 39.8%
FCF / Net Income: 1.6

TTM FCF of $1.50B on $759.86M in operating cash flow. The FCF / Net Income ratio of 1.6x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.