SouthState Corp reports results for the quarter ended in September 30 - Earnings Summary

SouthState Bank

24/10/2024 04:21

* SouthState Corp  SSB.N  reported quarterly adjusted
earnings of
$1.90​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of $1.62.  The mean expectation of nine analysts for the quarter
was for earnings of $1.64 per share. Wall Street expected
results to range from $1.57  to $1.72 per share.
    * Revenue fell 0.4% to $426.41 million from a year ago;
analysts
expected $429.33 million. 
    * SouthState Corp's reported EPS for the quarter was $1.86​.
    * The company reported quarterly net income of $143.18
million.
    * SouthState Corp shares had risen by 0.0% this quarter and
gained 15.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for SouthState Corp
is $110.00 
This summary was machine generated from LSEG data October 24 at
03:21 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      1.64           1.90           Beat
 Jun. 30 2024      1.54           1.79           Beat
 Mar. 31 2024      1.55           1.58           Beat
 Dec. 31 2023      1.54           1.67           Beat