SouthState Bank CorpSSB

Market cap

$8.9B

P/E ratio

	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Loans, including fees	162	175	269	320	316	308	390	521	535	851	991	1,178	1,716	1,926
Taxable	8	8	11	16	16	18	28	36	40	47	77	150	163	155
Tax-exempt	1	4	5	5	4	4	6	6	6	7	11	22	23	23
Interest Income, Federal Funds Sold and Securities Purchased under Agreements to Resell	1	1	2	2	2	3	3	4	10	4	7	47	42	37
Total interest income	172	187	286	342	338	333	426	567	591	910	1,085	1,397	1,944	2,141
Deposits	18	8	8	9	7	6	12	45	66	55	33	37	440	672
Federal funds purchased and securities sold under agreements to repurchase	1	0	0	0	0	1	1	2	3	2	1	5	16	20
Corporate and subordinated debentures	-	-	-	-	-	-	-	-	-	13	17	19	24	24
Other borrowings	-	-	-	-	-	-	-	-	-	-	-	-	12	10
Total interest expense	-	-	-	-	-	-	-	-	-	-	-	-	-	726
Net interest income	151	176	273	326	328	325	409	513	504	826	1,033	1,336	1,453	1,415
Provision for credit losses	30	14	2	7	6	7	12	14	13	236	-165	82	114	16
Net interest income after provision for credit losses	121	163	271	320	322	318	397	499	491	590	1,198	1,254	1,339	1,399
Fees on deposit accounts	-	-	-	-	-	-	-	82	75	84	106	128	129	136
Mortgage banking income	-	-	-	-	-	-	-	14	18	106	65	18	13	20
Trust and investment services income	-	-	-	-	-	-	-	30	29	29	37	39	39	46
Correspondent banking and capital markets income	-	-	-	-	-	-	-	-	-	65	110	79	49	33
SBA income	-	-	-	-	-	-	-	-	-	-	-	16	14	16
Securities (losses) gains, net	-	-	-	-	-	-	-	-1	3	0	0	0	0	-0
Other income	2	5	9	16	8	6	7	12	12	26	37	30	42	52
Total noninterest income	55	41	54	95	116	130	149	146	144	311	354	309	287	302
Labor and Related Expense	69	76	122	158	-	165	194	233	235	417	552	555	583	607
Occupancy, Net	10	10	18	22	21	22	25	31	47	76	92	90	89	90
Information services expense	-	11	14	16	18	21	25	34	35	60	74	80	84	92
OREO and loan related expense	-	-	-	12	10	6	7	4	3	4	2	0	2	5
Amortization of intangibles	2	2	6	8	8	8	10	14	13	27	35	33	28	22
Supplies and Postage Expense	-	-	-	-	-	-	-	6	6	9	10	10	11	11
Professional fees	1	3	4	5	6	7	6	9	10	14	11	15	19	16
FDIC assessment and other regulatory charges	-	-	-	-	-	-	-	8	5	11	18	23	33	31
FDIC special assessment	-	-	-	-	-	-	-	-	-	-	-	-	26	4
Advertising and marketing	3	3	4	4	4	3	4	4	4	4	8	9	9	9
Business Combination, Integration Related Costs	-	-	-	-	-	-	-	30	5	86	67	31	13	20
Other expense	28	15	22	19	21	21	24	28	31	53	67	84	98	94
Total noninterest expense	143	159	251	303	287	294	377	421	405	798	948	930	995	1,001
Income before provision for income taxes	-	-	-	-	-	154	169	224	230	104	604	633	631	700
Provision for income taxes	11	15	25	36	51	53	81	45	44	-17	129	137	137	165
Net income	23	-	49	75	99	101	88	179	186	121	476	496	494	535
Basic (in dollars per share)	1.65	2.04	2.41	3.11	4.15	4.22	2.95	4.9	5.4	2.2	6.76	6.65	6.5	7.01
Earnings Per Share, Diluted	1.63	2.03	2.38	3.08	4.11	4.18	2.93	4.86	5.36	2.19	6.71	6.6	6.46	6.97