Southstate Bank Stock Growth and Prospects

Southstate Bank has experienced significant stock growth over the years, with a compound annual growth rate (CAGR) of 10.5% from 2010 to 2020.

The bank's strong financial performance has been driven by its focus on community banking and its commitment to delivering exceptional customer service.

Southstate Bank's stock has consistently outperformed the S&P 500 index, with a total return of 342% over the past decade compared to the index's 240% return.

This impressive growth has made Southstate Bank a compelling investment opportunity for those looking to diversify their portfolios.

SouthState's revenue has been steadily increasing over the years, reaching $1.70 billion in 2024, a 4.69% jump from the previous year.

The bank's earnings have also seen a significant boost, with a 8.19% increase in 2024 compared to the previous year.

SouthState's ability to generate revenue and earnings is a testament to its strong financial performance and growing business.

In 2021, the bank reported a consolidated net income of $106.8 million for Q4, down from $122.8 million in Q3, but still a respectable figure.

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The bank's loan production has been on the rise, reaching a record $3.1 billion in Q4 2021, contributing to a net interest income of $258.1 million.

SouthState's total assets have also been growing, reaching $40.9 billion in Q3 2021, a significant increase from previous years.

The bank's ability to manage its assets effectively has been a key factor in its success, allowing it to maintain a strong financial position.

SouthState Corporation reported a consolidated net income of $106.8 million for Q4 2021, down from $122.8 million in Q3 2021.

This decrease in net income is a notable trend, but it's essential to consider the context. The company's total loan production reached a record $3.1 billion, which contributed to a net interest income of $258.1 million.

Core net interest income rose by $6.4 million from the prior quarter, indicating a slight improvement in the company's financial performance.

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SouthState Corporation has seen significant growth in its revenue over the years. In 2024, the company's revenue was $1.70 billion, a 4.69% increase compared to the previous year's $1.63 billion.

The company's earnings have also been on the rise, with a notable increase of 8.19% in 2024 to $534.78 million.

SouthState's loan production has been a key driver of its growth, with a record $3.1 billion in Q4 2021 and a record $2.6 billion in Q3 2021.

Here's a breakdown of the company's earnings per share (EPS) over the past few quarters:

The company's dividend payments have also been consistent, with a quarterly cash dividend of $0.49 per share declared in Q3 2021, Q4 2021, and subsequent quarters.

SouthState's share price has seen significant growth, with a 1-year change of 29.34% and a 5-year change of 31.67%.

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SouthState Bank has made significant strides in Corporate Social Responsibility. They've released an inaugural 2021 CSR report highlighting their commitments to communities, colleagues, governance, and environmental sustainability.

The bank has invested $16 million in affordable housing, a crucial step in addressing the needs of low-income families. This investment demonstrates SouthState's dedication to creating positive change in the communities they serve.

SouthState has also extended $576 million in community development loans, providing vital financial support to local businesses and organizations. This investment has a direct impact on the local economy and helps to stimulate growth.

The bank has recognized the importance of volunteer work and has logged 5,000 volunteer hours. This commitment to giving back to the community showcases the bank's values and dedication to making a positive difference.

SouthState's commitment to environmental sustainability is evident in their promotion of digital banking solutions to reduce paper use. By embracing eco-friendly practices, the bank is taking a proactive approach to minimizing its environmental footprint.

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SouthState Bank has earned the prestigious "America's Best Mid-Size Companies" award from TIME Magazine.

This recognition is a testament to the bank's commitment to excellence and customer satisfaction. SouthState was one of the select few regional banks to receive this honor.

The award is a result of the bank's hard work and dedication to providing top-notch financial services to its customers.

SouthState has a reputation for being a trusted financial advisor to over one million customers.

The bank's consistent presence in the market has earned it a loyal customer base.

SouthState aims to maintain its position as a leader in the financial industry.

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