SouthState Bank (NYSE:SSB) Posts Quarterly Earnings Results, Misses Expectations By $0.10 EPS

SouthState Bank (NYSE:SSB) issued its earnings results on Wednesday. The company reported $2.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.10), FiscalAI reports. The firm had revenue of $685.43 million during the quarter, compared to the consensus estimate of $691.13 million. SouthState Bank had a return on equity of 10.67% and a net margin of 25.09%. During the same period last year, the firm posted $2.58 earnings per share.

SouthState Bank Price Performance

SSB stock opened at $102.56 on Thursday. SouthState Bank has a 12 month low of $84.47 and a 12 month high of $112.20. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average price of $104.16 and a 200 day moving average price of $100.77. The stock has a market cap of $9.95 billion, a PE ratio of 10.78 and a beta of 0.78.

SouthState Bank Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, November 6th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 2.6%. SouthState Bank’s payout ratio is currently 27.76%.

SouthState Bank News Summary

Here are the key news stories impacting SouthState Bank this week:

• Positive Sentiment: Quarterly dividend maintained: SouthState declared a $0.66-per-share dividend payable November 13 to shareholders of record November 6. The payment represents $2.64 annually and a yield of approximately 2.6%, providing ongoing shareholder income. SouthState Bank Corporation Declares Quarterly Cash Dividend
• Neutral Sentiment: Credit-quality data released: SouthState reported net charge-offs for the quarter ended September 30. The available report does not provide the charge-off amount or its comparison with prior periods, so investors will need additional details to assess whether loan losses are improving or worsening. SouthState Bank Reports Third-Quarter Net Charge-Offs
• Negative Sentiment: Q3 earnings missed expectations: SouthState reported adjusted earnings of $2.30 per share, $0.10 below the $2.40 analyst consensus. Revenue was $685.43 million versus the $691.13 million estimate, while EPS declined from $2.58 in the year-earlier quarter. The dual miss and lower year-over-year profitability are likely the primary sources of near-term pressure on SSB shares. SouthState Bank Reports Third Quarter 2026 Results

Analyst Ratings Changes

Several research firms have weighed in on SSB. Stephens restated an “overweight” rating and set a $116.00 price target on shares of SouthState Bank in a report on Monday, July 27th. Truist Financial reduced their price objective on SouthState Bank from $118.00 to $113.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Wall Street Zen raised SouthState Bank from a “sell” rating to a “hold” rating in a report on Saturday, October 3rd. JPMorgan Chase & Co. lowered their target price on SouthState Bank from $125.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, October 1st. Finally, Barclays increased their target price on SouthState Bank from $118.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $118.54.

Insider Transactions at SouthState Bank

In other SouthState Bank news, Director David Brooks sold 24,650 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $110.00, for a total value of $2,711,500.00. Following the completion of the sale, the director owned 7,900 shares of the company’s stock, valued at $869,000. This trade represents a 75.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO William E. V. Matthews sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $108.93, for a total transaction of $435,720.00. Following the completion of the sale, the chief financial officer directly owned 40,568 shares of the company’s stock, valued at approximately $4,419,072.24. The trade was a 8.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,831 shares of company stock worth $3,814,274 over the last three months. 1.70% of the stock is currently owned by corporate insiders.

About SouthState Bank

SouthState Bank is a regional banking institution and the principal banking subsidiary of SouthState Corporation (NYSE: SSB). The bank provides financial services to individuals, families, businesses and institutions, including checking and savings accounts, certificates of deposit, consumer and commercial loans, residential mortgages, credit cards and online and mobile banking.

SouthState also offers business banking and treasury-management services, commercial real estate lending, equipment financing, wealth management and investment services.