SouthState Corp reports results for the quarter ended in March - Earnings Summary

SouthState Bank

28/04/2022 22:55

* SouthState Corp  SSB.OQ  reported quarterly adjusted
earnings of
$1.69​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for earnings
of $1.32 per share.
    * Revenue fell 3% to $347.56 million from a year ago; 
analysts
expected $351.64 million. 
    * SouthState Corp's reported EPS for the quarter was $1.39​.
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * SouthState Corp shares had fallen by 6.7% this quarter and
lost 5.0% so far this year.
    * The company reported quarterly net income of $100.33
million.
    * Wall Street's median 12-month price target for SouthState
Corp
is $93.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated April 28 at 09:55 p.m.  ​All
figures in US dollars unless otherwise stated