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South State Corp

$84.85

Earnings Summary

Revenue
$402.57Mn
Net Profits
$119.18Mn
Net Profit Margins
29.6%
PE Ratio
13.83

Highlights

Revenue:

South State Corp’s revenue jumped 21.2% since last year same period to $402.57Mn in the Q2 2022. On a quarterly growth basis, South State Corp has generated 15.83% jump in its revenue since last 3-months.

Net Profits:

South State Corp’s net profit jumped 20.43% since last year same period to $119.18Mn in the Q2 2022. On a quarterly growth basis, South State Corp has generated 18.78% jump in its net profits since last 3-months.

Net Profit Margins:

South State Corp’s net profit margin fell -0.64% since last year same period to 29.6% in the Q2 2022. On a quarterly growth basis, South State Corp has generated 2.55% jump in its net profit margins since last 3-months.

PE Ratio:

South State Corp’s price-to-earnings ratio after this Q2 2022 earnings stands at 13.83.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the South State Corp post its latest quarter earnings

EPS Estimate Current Quarter
1.76
EPS Estimate Current Year
1.76

Highlights

EPS Estimate Current Quarter:

South State Corp’s earning per share (EPS) estimates for the current quarter stand at 1.76 - a 13.55% jump from last quarter’s estimates.

EPS Estimate Current Year:

South State Corp’s earning per share (EPS) estimates for the current year stand at 1.76.

Key Ratios

Key ratios of the South State Corp post its Q2 2022 earnings

Earning Per Share (EPS)
1.62
Return on Assets (ROA)
0.01
Return on Equity (ROE)
0.09
Dividend Per Share (DPS)
1.97

Highlights

Earning Per Share (EPS):

South State Corp’s earning per share (EPS) fell -13.37% since last year same period to 1.62 in the Q2 2022. This indicates that the South State Corp has generated -13.37% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. South State Corp’s return on assets (ROA) stands at 0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. South State Corp’s return on equity (ROE) stands at 0.09.

Dividend Per Share (DPS):

South State Corp declared 1.97 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-06
1.32
1.69
28.03%
2022-06-30
1.55
1.62
4.52%

Company Information

SouthState Corporation is a financial services company headquartered in Winter Haven, Florida. South State Bank, N.A., the company's nationally chartered bank subsidiary, provides consumer, commercial, mortgage and wealth management solutions to more than one million customers throughout Florida, Alabama, Georgia, the Carolinas and Virginia. The bank also serves clients coast to coast through its correspondent banking division.

Organisation
South State Corp
Headquarters
Winter Haven, Florida, US
Employees
5.25K
Industry
Finance
CEO
Robert Hill