Does SouthState (SSB) have what it takes to be a top stock pick for momentum investors? Let's find out.
SouthState Corporation has been a somewhat underwhelming performer since my opening piece last September, trailing regional bank ETFs by around 10 points in that time. The bank has completed its acquisition of Texas-based Independent Bank Group. While this led to somewhat messy first quarter financials, the underlying situation is fine. SSB does have above-average commercial real estate exposure, though credit quality isn't a major worry of mine.
SSB's first-quarter 2025 results reflect a rise in NII and non-interest income. Yet, increased expenses act as spoilsport.
While the top- and bottom-line numbers for SouthState (SSB) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
SouthState (SSB) came out with quarterly earnings of $2.15 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.58 per share a year ago.
Get a deeper insight into the potential performance of SouthState (SSB) for the quarter ended March 2025 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
SouthState (SSB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SouthState's acquisition of Independent Bank, strong service reputation, and solid execution in 2024 bode well for 2025, despite potential sector-wide loan growth and rate challenges. SouthState's solid performance in a challenging 2024 included stable net interest margins, peer-consistent expense leverage, above-average loan growth, and competitive deposit growth. Large banks are talking about growing their share in Southeast markets, but they lag SouthState in terms of customer satisfaction metrics, and a high-touch service model can drive further gains.
SouthState (SSB) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
SouthState Corporation (NYSE:SSB ) Q4 2024 Earnings Conference Call January 24, 2025 9:00 AM ET Company Participants William Matthews - Chief Financial Officer John Corbett - Chief Executive Officer Stephen Young - Chief Strategy Officer Conference Call Participants Catherine Mealor - KBW Stephen Scouten - Piper Sandler Russell Gunther - Stephens Michael Rose - Raymond James Samuel Varga - UBS Gary Tenner - D.A. Davidson Ben Gerlinger - Citi David Bishop - Hovde Group Operator Good morning, and welcome to SouthState's Fourth Quarter 2024 Earnings Conference Call.
While the top- and bottom-line numbers for SouthState (SSB) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
SouthState (SSB) came out with quarterly earnings of $1.93 per share, beating the Zacks Consensus Estimate of $1.73 per share. This compares to earnings of $1.67 per share a year ago.