NYSE$SSB
SouthState Bank Corp · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
SouthState's first quarter results demonstrated resilience with growth in loans, deposits, liquidity, and capital ratios, and earnings per share increased from the same period last year.
SouthState Corporation reported a strong first quarter in 2023, demonstrating the resilience of its franchise amidst a turbulent macroenvironment. The company saw growth in key areas such as loans, deposits, liquidity, and capital ratios. Earnings per share increased 32% from the same period last year, and the company is positioned to be opportunistic as the economic cycle unfolds.
- Diluted Earnings per Share (EPS) of $1.83; Adjusted Diluted EPS (Non-GAAP) of $1.93
- Net Income of $139.9 million; Adjusted Net Income (Non-GAAP) of $147.2 million
- Net Interest Income of $381 million
- Loans increased $519 million, or 7% annualized, led by consumer real estate; ending loan to deposit ratio of 84%
Headline financials
Revenue & EPS history
SouthState · Revenue · Quarterly
$453M
Revenue by segment
SouthState · $59.9M total across 5 segments · Q3 2023
- Deposit Account Fees$32.8M+5.3%54.8%
- Trust & Investment$9.56M-0.5%15.9%
- Other Income$8.03M+7.6%13.4%
- BOLI Income$7.04M+15.7%11.7%
- Mortgage Banking$2.48M+9.5%4.1%
Forward guidance
SouthState's first quarter results demonstrate the resilience of our franchise
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-0.1%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+1.0%
Avg return
30 days after
53%
35 / 66 earnings
Positive
+6.1%
Q3 2020
Best reaction
-9.4%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.2% | -1.6% | -3.6% | |
| Q4 2025 | -0.4% | +0.4% | +4.9% | |
| Q3 2025 | -4.0% | -4.4% | -6.2% | |
| Q2 2025 | -2.2% | -1.0% | +3.8% | |
| Q1 2025 | -2.7% | -3.3% | -2.4% | |
| Q4 2024 | +5.2% | +8.1% | +0.7% | |
| Q3 2024 | +0.9% | +1.3% | +12.1% | |
| Q2 2024 | +4.3% | +5.9% | +3.6% | |
| Q1 2024 | -2.7% | -5.5% | -3.7% | |
| Q4 2023 | +2.4% | +4.9% | +0.1% | |
| Q3 2023 | +1.9% | +2.5% | +14.2% | |
| Q2 2023 | -0.7% | -1.1% | -10.6% | |
| Q1 2023 | +4.9% | -2.0% | -1.1% | |
| Q4 2022 | +0.8% | +4.1% | +6.5% | |
| Q3 2022 | +3.8% | +5.5% | +2.6% | |
| Q2 2022 | +1.8% | -2.1% | -3.2% | |
| Q1 2022 | +1.8% | +2.7% | +6.5% | |
| Q4 2021 | +2.2% | -0.6% | +6.2% | |
| Q3 2021 | -0.5% | +6.7% | +0.6% | |
| Q2 2021 | -3.0% | -3.2% | -6.4% | |
| Q1 2021 | +0.7% | +1.0% | +5.8% | |
| Q4 2020 | -5.7% | -9.0% | +1.6% | |
| Q3 2020 | +6.1% | +11.6% | +21.8% | |
| Q2 2020 | -2.6% | +1.3% | +16.8% | |
| Q1 2020 | +3.8% | +11.1% | -8.7% | |
| Q4 2019 | -9.4% | -11.6% | -13.5% | |
| Q3 2019 | +2.8% | +3.3% | +6.7% | |
| Q2 2019 | +1.3% | -2.3% | -5.8% | |
| Q1 2019 | +1.5% | +2.3% | -6.5% | |
| Q4 2018 | +1.5% | +2.2% | +8.8% | |
| Q3 2018 | -7.7% | -15.0% | -8.4% | |
| Q2 2018 | -4.2% | -5.0% | -5.4% | |
| Q1 2018 | -2.0% | -0.2% | +1.9% | |
| Q4 2017 | -1.5% | -1.6% | -3.0% | |
| Q3 2017 | +1.0% | +1.9% | -2.8% | |
| Q2 2017 | -0.4% | -0.6% | -4.5% | |
| Q1 2017 | +1.1% | +2.2% | -7.4% | |
| Q4 2016 | -1.5% | -4.5% | -1.5% | |
| Q3 2016 | -1.4% | -1.0% | +15.8% | |
| Q2 2016 | +5.6% | +6.5% | +4.7% | |
| Q1 2016 | +0.3% | — | — | |
| Q4 2015 | +0.8% | — | — | |
| Q3 2015 | +4.2% | — | — | |
| Q2 2015 | -1.5% | — | — | |
| Q1 2015 | -3.4% | — | — | |
| Q4 2014 | -5.8% | — | — | |
| Q3 2014 | +1.9% | — | — | |
| Q2 2014 | +2.0% | — | — | |
| Q1 2014 | +4.9% | — | — | |
| Q4 2013 | -2.9% | — | — | |
| Q3 2013 | +0.8% | — | — | |
| Q2 2013 | -2.8% | — | — | |
| Q1 2013 | -3.0% | — | — | |
| Q4 2012 | +2.3% | — | — | |
| Q3 2012 | -1.5% | — | — | |
| Q2 2012 | +3.7% | — | — | |
| Q1 2011 | -1.4% | — | — | |
| Q1 2012 | +2.4% | — | — | |
| Q4 2009 | +1.6% | — | — | |
| Q4 2010 | +1.6% | — | — | |
| Q4 2011 | +1.6% | — | — | |
| Q3 2011 | -3.5% | — | — | |
| Q3 2010 | -3.5% | — | — | |
| Q2 2010 | -3.4% | — | — | |
| Q2 2011 | -3.4% | — | — | |
| Q1 2010 | +4.8% | — | — |
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