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

SouthState Bank

24/10/2022 22:03

* SouthState Corp  SSB.OQ  reported quarterly adjusted
earnings of
$1.89​​ per share for the quarter ended in September. The mean
expectation of seven analysts for the quarter was for earnings
of $1.84 per share.
    * Revenue rose 30.5% to $435.39 million from a year ago;
analysts
expected $424.85 million. 
    * SouthState Corp's reported EPS for the quarter was $1.75​.
    * The mean earnings estimate of analysts had risen by
about 4.2%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * SouthState Corp shares had risen by 7.8% this quarter and
gained 6.5% so far this year.
    * The company reported quarterly net income of $133.04
million.
    * Wall Street's median 12-month price target for SouthState
Corp
is $96.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
24 at 09:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      1.84           1.89           Beat
 Jun. 30 2022      1.54           1.62           Beat
 Mar. 31 2022      1.32           1.69           Beat
 Dec. 31 2021      1.52           1.59           Beat