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Last $75.45 USD
Change Today -0.05 / -0.07%
Volume 154.5K
SSB On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 4:00 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

south state corp (SSB) Snapshot

Open
$75.85
Previous Close
$75.50
Day High
$75.85
Day Low
$74.81
52 Week High
07/15/15 - $80.85
52 Week Low
10/10/14 - $53.87
Market Cap
1.8B
Average Volume 10 Days
126.3K
EPS TTM
$4.09
Shares Outstanding
24.2M
EX-Date
08/12/15
P/E TM
18.4x
Dividend
$1.00
Dividend Yield
1.19%
Current Stock Chart for SOUTH STATE CORP (SSB)

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south state corp (SSB) Details

South State Corporation operates as the bank holding company for South State Bank that provides a range of retail and commercial banking services, mortgage lending services, trust and investment services, and consumer finance loans. It accepts demand deposits, interest-bearing transaction accounts, certificates of deposits, and savings deposits, as well as other time deposits; and offers lending and credit card, ATM processing, and wealth management and trust services. The company also provides investment advisory and broker dealer services. It operates 127 financial centers in 19 South Carolina counties and 4 North Carolina counties, as well as 10 northeast Georgia counties and 2 coastal Georgia counties. The company was formerly known as First Financial Holdings, Inc. and changed its name to South State Corporation in July 2013. South State Corporation was founded in 1933 and is headquartered in Columbia, South Carolina.

2,028 Employees
Last Reported Date: 07/24/15
Founded in 1933

south state corp (SSB) Top Compensated Officers

Chief Executive Officer, Executive Director, ...
Total Annual Compensation: $700.0K
Chief Financial Officer, Chief Operating Offi...
Total Annual Compensation: $500.0K
Chief Banking Officer and President of South ...
Total Annual Compensation: $335.0K
Chief Credit Officer, Chief Risk Officer and ...
Total Annual Compensation: $310.0K
Senior Banking Advisor
Total Annual Compensation: $475.0K
Compensation as of Fiscal Year 2014.

south state corp (SSB) Key Developments

South State Corporation Declares Second Quarter Dividend, Payable on August 21, 2015; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

South State Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported interest income of $79,407,000 against $79,322,000 a year ago. Total interest income was $84,765,000 against $84,831,000 a year ago. Net interest income was $82,277,000 against $80,973,000 a year ago. Income before provision for income taxes was $37,685,000 against $27,314,000 a year ago. Net income was $24,872,000 against $17,946,000 a year ago. Net income available to common stockholders was $24,872,000 against $17,946,000 a year ago. Net operating earnings Non-GAAP was $26,348,000 against $22,165,000 a year ago. Net operating earnings available to common shareholders (non-GAAP) were $26,348,000 against $22,165,000 a year ago. Diluted earnings per common share were $1.03 against $0.74 per share a year ago. Operating earnings per common share Diluted (non-GAAP) was $1.09 against $0.92 per share a year ago. Return on average assets was 1.24% against 0.91% a year ago. Operating return on average assets (Non-GAAP) was 1.32% against 1.12% a year ago. Operating return on average equity (Non-GAAP) was 10.36% against 9.43% a year ago. Return on average tangible common equity (Non-GAAP) was 16.00% against 13.62% a year ago. Operating return on average tangible common equity (Non-GAAP) was 16.90% against 16.59% a year ago. Tangible book value per common share (Non-GAAP) was $27.31 against $24.12 per share. Book value per common share was $42.31 against $39.50 per share a year ago. For the six months, the company reported interest income of $158,254,000 against $161,163,000 a year ago. Total interest income was $168,763,000 against $172,169,000 a year ago. Net interest income was $163,325,000 against $164,315,000 a year ago. Income before provision for income taxes was $73,936,000 against $53,063,000 a year ago. Net income was $48,798,000 against $34,863,000 a year ago. Net income available to common stockholders was $48,798,000 against $33,790,000 a year ago. Net operating earnings Non-GAAP was $50,274,000 against $43,014,000 a year ago. Net operating earnings available to common shareholders (non-GAAP) were $50,274,000 against $41,941,000 a year ago. Diluted earnings per common share were $2.02 against $1.40 per share a year ago. Operating earnings per common share Diluted (non-GAAP) was $2.08 against $1.74 per share a year ago. Return on average assets was 1.24% against 0.88% a year ago. Operating return on average assets (Non-GAAP) was 1.27% against 1.09% a year ago. Operating return on average equity (Non-GAAP) was 10.05% against 8.96% a year ago. Return on average tangible common equity (Non-GAAP) was 16.10% against 13.12% a year ago. Operating return on average tangible common equity (Non-GAAP) was 16.56% against 16.04% a year ago. The Board of Directors of South State Corporation has declared a quarterly cash dividend of $0.25 per share payable on its common stock. This per share amount is $0.01 per share, or 4.2% higher than the dividend paid in the immediately preceding quarter and is $0.04 per share, or 19.0%, higher than a year ago. The dividend will be payable on August 21, 2015 to shareholders of record as of August 14, 2015.

South State Mulls Acquisitions

South State Corporation (NasdaqGS:SSB) is seeking acquisitions. Robert Hill Jr., Chief Executive Officer of South State Corporation said, “We look forward to executing well on the branch acquisitions in the third quarter.”

South State Corporation to Report Q2, 2015 Results on Jul 24, 2015

South State Corporation announced that they will report Q2, 2015 results at 11:00 AM, US Eastern Standard Time on Jul 24, 2015

 

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Industry Analysis

SSB

Industry Average

Valuation SSB Industry Range
Price/Earnings 20.7x
Price/Sales 4.3x
Price/Book 1.8x
Price/Cash Flow 20.7x
TEV/Sales 2.2x
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