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.
Get a deeper insight into the potential performance of SouthState (SSB) for the quarter ended December 2024 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.
Solid Power is advancing SSB technology with partners like BMW and SK On, but faces challenges with declining EV demand and partner setbacks. The future hinges on new electrolyte production facilities and potential positive customer interest, with significant cash reserves to support operations until 2026/27. The SSB sector is heating up as non-partner OEMs advance demo production lines to prove out key manufacturing capabilities.
Does SouthState (SSB) have what it takes to be a top stock pick for momentum investors? Let's find out.
SouthState (SSB) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
SouthState Corporation (NYSE:SSB ) Q3 2024 Earnings Conference Call October 24, 2024 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 Michael Rose - Raymond James Justin Marca - Hovde Group Ben Gerlinger - Citi Gary Tenner - D.A. Davidson Operator Thank you for standing by.
While the top- and bottom-line numbers for SouthState (SSB) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.