STOCK TITAN

Southstate Corporation - SSB STOCK NEWS

Welcome to our dedicated page for Southstate Corporation news (Ticker: SSB), a resource for investors and traders seeking the latest updates and insights on Southstate Corporation stock.

Company Overview

SouthState Corporation (NYSE: SSB) is a U.S.-based bank holding company that has evolved from its community banking roots, established in 1934, into a multifaceted financial services provider. Leveraging personal relationships and local expertise, SouthState operates through its wholly-owned subsidiary, SouthState Bank, offering a comprehensive suite of consumer, commercial, mortgage, trust, and wealth management solutions. With a presence in key southeastern states and an expanding footprint in new markets, the company combines strong regional knowledge with a resilient, community-focused approach.

Core Business Areas

SouthState Corporation is distinguished by its diversified banking services that include:

  • Retail Banking: Offering demand, time, and savings deposit solutions designed for individual customers.
  • Commercial Banking: Providing tailored financial products to support the needs of small-to-mid-sized businesses and larger enterprises.
  • Mortgage Lending: Delivering residential and commercial mortgage solutions aimed at fueling homeownership and business development.
  • Wealth Management & Trust Services: Catering to clients’ long-term financial goals with investment management and trust services.
  • Consumer Finance: Facilitating credit and lending solutions to support personal financial well-being.

Market Position and Strategic Growth

With a foundation deeply embedded in community banking, SouthState has successfully transitioned from serving small communities to addressing the broader financial needs in its operational region. The company has strategically grown through the merger of multiple community banks, solidifying its status as a robust regional player. Recent strategic acquisitions have expanded its geographic presence, integrating markets in Texas and Colorado while reinforcing its commitment to local management and credit discipline. This emphasis on entrepreneurial and relationship-driven banking sets SouthState apart in a competitive industry marked by large, impersonal entities.

Operational Excellence and Community Commitment

SouthState Corporation's business model is built on a commitment to community, long-term relationships, and sound credit practices. It actively supports economic growth in the communities it serves by investing in local projects and providing tailored banking solutions. The company maintains a focus on precision in risk management and credit quality, ensuring that its service offerings are both innovative and reliable.

Industry Terminology and Expertise

Utilizing industry-specific language, SouthState’s services are frequently described in terms such as consumer finance, commercial credit, and wealth management. Its operational strategy incorporates robust risk management frameworks, diversified revenue streams, and a commitment to personalized financial service. These factors underscore the company’s expertise in navigating complex market conditions while maintaining an unwavering focus on customer service and community engagement.

Competitive Landscape

While competing with both large national banks and regional financial institutions, SouthState differentiates itself by its relentless focus on local markets and personalized banking relationships. The company’s stability, built on decades of experience, combined with a strategic expansion via mergers, supports its competitive positioning within the financial services landscape. Investors and market observers note the company’s methodical and risk-aware approach as central to its operational philosophy.

Rhea-AI Summary
SouthState Corporation (NYSE: SSB) reported strong financial performance for the fourth quarter of 2023, with a 7% increase in loans and a 1% increase in deposits despite a decline in brokered CDs. The company's net income was $106.8 million, with a return on average tangible common equity of 13.5%. Additionally, the company's efficiency ratio was 63%, and it recorded a special assessment expense of $26 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.31%
Tags
dividends earnings
-
Rhea-AI Summary
SouthState Corporation (NYSE: SSB) to release fourth quarter 2023 earnings results on January 25, 2024, followed by a conference call on January 26, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.25%
Tags
-
Rhea-AI Summary
SouthState Corporation (NASDAQ: SSB) is transferring the listing and trading of its common stock from the Nasdaq Global Select Market to the New York Stock Exchange (NYSE). The transfer is expected to commence on December 19, 2023, and the common stock will continue trading under the ticker symbol 'SSB'. SouthState Corporation is a financial services company headquartered in Winter Haven, Florida, providing consumer, commercial, mortgage, and wealth management solutions to over one million customers across several states.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.38%
Tags
none
Rhea-AI Summary
SouthState Bank (NASDAQ: SSB) adds new employees to its Wealth, Commercial, and Corporate Stewardship divisions. The new hires bring unique capabilities and experience to the company. Delpha Bartley-Jones, Rob Andrews, and Michael Samuel join the bank, each with a strong background in banking and finance. SouthState Corporation, headquartered in Winter Haven, Florida, serves over one million customers across several states.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.08%
Tags
none
-
Rhea-AI Summary
SouthState Bank announced the addition of experienced professionals to its Payments Technology and Private Capital Solutions teams to better serve its growing customer base. The new team members bring extensive experience from reputable financial institutions and are expected to contribute to the bank's focus on providing advanced solutions and private fund financing to its clients.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
Tags
none
-
Rhea-AI Summary
SouthState Corporation releases Q3 2023 financial results, showing steady growth in loans and customer deposits. Net income of $124.1 million and diluted EPS of $1.62. Loans increased by $480 million and deposits increased by $193 million. The company declared a quarterly cash dividend of $0.52 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.86%
Tags
dividends earnings
Rhea-AI Summary
SouthState Corporation will release its third quarter 2023 earnings results on October 26, 2023, after the market closes. A conference call to discuss the results will be held on October 27, 2023. Investors may access the earnings results and conference call details on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.81%
Tags
-
Rhea-AI Summary
SouthState Bank expands presence in Virginia's Hampton Roads market
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.37%
Tags
none
-
Rhea-AI Summary
Loci Fund II GP, LLC announced the closing of a $25 million capital call facility with SouthState Bank. The facility will provide surety of financing for off-market investments and additional flexibility to syndicate investments. Loci's inaugural real estate fund fully allocated its $47 million commitments and raised $176 million of joint venture and co-investment capital. The relationship with SouthState allowed for the concurrent closing of the facility and the first close of Fund II.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.64%
Tags
none
Rhea-AI Summary
SouthState Corporation (NASDAQ: SSB) reports positive financial performance in Q2 2023 with 6% annualized growth in customer deposits and 11% annualized loan growth. Key metrics include ROAA of 1.11%, NIM of 3.62%, and Efficiency Ratio of 54%. The company increased its quarterly cash dividend on its common stock. The financial results demonstrate the value of SouthState's granular deposit franchise and its strong position in the Southeast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.65%
Tags
dividends earnings

FAQ

What is the current stock price of Southstate Corporation (SSB)?

The current stock price of Southstate Corporation (SSB) is $92.26 as of April 1, 2025.

What is the market cap of Southstate Corporation (SSB)?

The market cap of Southstate Corporation (SSB) is approximately 9.4B.

What core services does SouthState Corporation provide?

SouthState Corporation offers a diverse range of services including retail banking, commercial lending, mortgage solutions, trust, and wealth management services through its subsidiary SouthState Bank.

What regions does SouthState serve?

The company operates primarily in the southeastern United States, with an expanding presence in markets such as Texas and Colorado, ensuring a broad geographic reach across key economic regions.

How is SouthState positioned in the competitive banking landscape?

SouthState leverages its deep community roots, local management expertise, and a strong emphasis on credit discipline to differentiate itself from larger national banks and other regional institutions.

What is the business model of SouthState Corporation?

SouthState’s business model centers on relationship-driven banking, focusing on personalized financial solutions, diversified revenue streams, and strategic market expansion through mergers and local investments.

How does SouthState maintain its commitment to the communities it serves?

The company invests in local development, supports community projects, and emphasizes personal relationships over transactions, ensuring its services are tailored to regional needs.

What recent strategic moves have supported SouthState's growth?

SouthState has expanded its market reach through strategic mergers and acquisitions, broadening its geographic footprint and integrating diverse operational expertise to enhance its service offerings.

How does SouthState manage risk and maintain credit quality?

The corporation employs rigorous risk management frameworks and a disciplined approach to credit, ensuring stability and reliability within its wide range of banking services.

How does SouthState differentiate itself from competitors?

By emphasizing community engagement, local expertise, and tailored banking relationships, SouthState sets itself apart through a customer-centric approach that values long-term personal connections.
Southstate Corporation

NYSE:SSB

SSB Rankings

SSB Stock Data

9.36B
100.06M
1.2%
70.25%
3.57%
Banks - Regional
State Commercial Banks
Link
United States
WINTER HAVEN