Southstate Corporation Intrinsic Stock Value – SouthState Corporation Reports $1.93 Earnings per Share for Quarter
May 5, 2023
Trending News ☀️
SOUTHSTATE ($NASDAQ:SSB): SouthState Corporation, a leading financial services company, reported its quarterly earnings on Thursday, showing $1.93 in earnings per share. This represents a strong performance for the company, which has seen consistent growth over the past few quarters. The company provides a wide range of banking and financial services including consumer banking, lending, and wealth management. SouthState Corporation has experienced steady growth in its customer base as well as its market share over the past decade.
The reported $1.93 earnings per share for the quarter is slightly higher than the profits reported in the same period last year, indicating that SouthState Corporation is continuing to perform well in the face of competitive pressures. This is good news for shareholders and investors alike, as it indicates that the company is likely to remain a strong performer in the coming quarters.
Earnings
SOUTHSTATE CORPORATION reported an earnings per share of $1.93 for the quarter ending March 31, 2023. According to the report, the company earned a total revenue of $21.53M USD for the quarter, a 1.4% decrease from the same period the previous year. Over the last three years, SOUTHSTATE CORPORATION’s total revenue has declined from $23.33M USD to $21.53M USD. Despite the decrease in revenue, SOUTHSTATE CORPORATION was able to maintain an earnings per share of $1.93 this quarter.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Southstate Corporation. More…
| Total Revenues | Net Income | Net Margin |
| – | 535.65 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Southstate Corporation. More…
| Operations | Investing | Financing |
| 1.73k | -4.86k | -2.28k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Southstate Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 44.92k | 39.67k | – |
Key Ratios Snapshot
Some of the financial key ratios for Southstate Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 35.9% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Stock Price
Despite the positive news, SOUTHSTATE CORPORATION‘s stock price dropped by 2.7% from the previous day’s close of 69.0 when it opened at $68.7, and closed at $67.1. Live Quote…
Analysis – Southstate Corporation Intrinsic Stock Value
At GoodWhale, we conducted an analysis of the financials of SOUTHSTATE CORPORATION. Our proprietary Valuation Line method revealed that the fair value of their share should be around $85.5. Interestingly, the current market price of the SOUTHSTATE CORPORATION stock is $67.1, which is undervalued by 21.5%. This presents an investment opportunity for those looking to gain from the mispricing of SOUTHSTATE CORPORATION stock. More…
Peers
In the current market, SouthState Corp is facing stiff competition from banks such as Andover Bancorp Inc, United Community Banks Inc, and Citba Financial Corp. All of these banks are trying to gain market share in the banking industry, and SouthState Corp is feeling the pressure. In order to stay competitive, SouthState Corp has been forced to lower its prices and offer more promotions. Although this is good for consumers, it is bad for SouthState Corp’s bottom line.
– Andover Bancorp Inc ($OTCPK:ANDC)
United Community Banks Inc is a regional bank holding company with over $40 billion in assets. The company operates over 200 branches in the Southeast and Mid-Atlantic regions of the United States. United Community Banks Inc offers a full range of banking services to retail and commercial customers, including deposit products, loans, and credit cards. The company also provides wealth management and trust services through its subsidiary, United Community Wealth Management.
– United Community Banks Inc ($NASDAQ:UCBI)
Citba Financial Corp is a bank holding company. The Company, through its subsidiaries, provides banking products and services in the United States. It offers a range of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit. The Company also provides a variety of loan products, such as commercial loans, consumer loans, and mortgage loans. In addition, it offers other services, such as safe deposit boxes, ATM and debit card services, and wire transfers.
Summary
SouthState Corporation recently released its quarterly earnings report which showed $1.93 earnings per share. Analysts are now focusing on the company’s financial performance, growth prospects, and competitive positioning in order to determine if it is a good investment opportunity. They are reviewing key financial indicators such as revenue, operating income, and net income and analyzing their performance over the past few quarters. They are also examining the balance sheet to evaluate the company’s debt levels and liquidity, as well as cash flows to identify opportunities for growth and expansion.
Additionally, analysts are evaluating the company’s competitive position in its industry by looking at market share, profitability, and market trends. Finally, they are assessing the company’s management team, strategy, and risk management practices to determine whether SouthState Corporation is a solid investment opportunity.
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