SOUTHSTATE CORPORATION Q3 results: EPS of $1.89 beats by $0.02

Trending News 🌥️

SOUTHSTATE CORPORATION ($NASDAQ:SSB) is a company that specializes in banking and financial services. They recently announced their Q3 results, and EPS of $1.89 beats by $0.02. This is great news for the company, and investors are sure to be pleased. They also announced that they are expanding their key product offerings and increasing their focus on customer experience.

These are both great developments that should help the company continue to grow and succeed. investors are sure to be happy with the company’s Q3 results and its plans for the future. South State is a company to watch in the coming years.

Earnings

SOUTHSTATE CORPORATION reported their latest earning results for FY2022 Q2 on June 30. The company reported a total revenue of 90.6M USD. This is a beat by $0.02 EPS.

Market Price

On Monday, SOUTHSTATE CORPORATION stock opened at $85.7 and closed at $85.8, up by 0.6% from prior closing price of 85.3. Right now, news sentiment around the company is mostly positive.

VI Analysis

SOUTHSTATE CORPORATION is a company with strong fundamentals that reflect its long term potential. The company has a high health score of 9/10, indicating that it is capable of safely riding out any crisis without the risk of bankruptcy. SOUTHSTATE CORPORATION is strong in growth, asset, dividend, and medium in profitability.

The company is classified as a ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors interested in such a company may be attracted to its growth potential, but should be aware of the risks associated with its less stable profitability.

VI 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

Investing in SOUTHSTATE CORPORATION can be a wise decision for many reasons. The company has a strong history of financial stability and profitability, and its stock has outperformed the market in recent years. SOUTHSTATE CORPORATION is also a leader in its industry, with a strong brand and a loyal customer base. There are several reasons to believe that SOUTHSTATE CORPORATION will continue to be a strong performer in the years to come.

First, the company’s financial position remains very strong, with plenty of cash on hand and no debt. Second, SOUTHSTATE CORPORATION has been investing heavily in its business, which should pay off in the form of continued growth. Finally, the company’s stock is still relatively undervalued, meaning that there is potential for significant upside in the years to come. Overall, investing in SOUTHSTATE CORPORATION can be a wise decision for many reasons. The company has a strong history of financial stability and profitability, and its stock has outperformed the market in recent years. SOUTHSTATE CORPORATION is also a leader in its industry, with a strong brand and a loyal customer base.