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

SouthState Bank

27/04/2023 22:01

* SouthState Corp  SSB.OQ  reported quarterly adjusted
earnings of
$1.93​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for earnings
of $1.96 per share.
    * Revenue rose 30.2% to $452.62 million from a year ago;
analysts
expected $443.34 million. 
    * SouthState Corp's reported EPS for the quarter was $1.83​.
    * The mean earnings estimate of analysts had fallen by
about 4.9%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * SouthState Corp shares had fallen by 7.8% this quarter and
lost 13.9% so far this year.
    * The company reported quarterly net income of $139.93
million.
    * Wall Street's median 12-month price target for SouthState
Corp
is $86.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 27 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.96           1.93           Missed
 Dec. 31 2022      1.98           1.88           Missed
 Sep. 30 2022      1.84           1.89           Beat
 Jun. 30 2022      1.54           1.62           Beat