SouthState Corp reports results for the quarter ended March 31 - Earnings Summary

SouthState Bank

24/04/2025 22:02

SouthState Corp SSB.N reported quarterly adjusted earnings of $2.15​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.58.  The mean expectation of ten analysts for the quarter was for earnings of $1.55 per share. Wall Street expected results to range from 93 cents to $1.85 per share.

Revenue rose 51.8% to $630.64 million from a year ago; analysts expected $612.18 million.

SouthState Corp's reported EPS for the quarter was 87 cents​.

The company reported quarterly net income of $89.09 million.

SouthState Corp shares had fallen by 4.5% this quarter and lost 10.9% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 9.9% 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 8 "strong buy" or "buy," 2 "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 $120.00

This summary was machine generated from LSEG data April 24 at 09:02 p.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
Mar. 31 2025
1.55
2.15
Beat
Dec. 31 2024
1.71
1.93
Beat
Sep. 30 2024
1.64
1.90
Beat
Jun. 30 2024
1.54
1.79
Beat