NYSE$SSB
SouthState Bank Corp · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
SouthState's deposit franchise and loan portfolio growth drove strong performance.
SouthState Corporation reported strong Q4 2022 results, driven by deposit franchise resilience, loan portfolio growth, and pristine asset quality. Net interest margin expanded, and PPNR per share increased significantly. The company declared a quarterly cash dividend of $0.50 per share.
- Diluted Earnings per Share (EPS) reached $1.88, with Adjusted Diluted EPS (Non-GAAP) at $1.90.
- Net Income was $143.5 million, while Adjusted Net Income (Non-GAAP) amounted to $144.7 million.
- Net Interest Income totaled $396 million, with Core Net Interest Income (excluding loan accretion and deferred fees on PPP) (Non-GAAP) increasing from the prior quarter.
- Loans increased by $1.3 billion, or 19% annualized, driven by consumer real estate, commercial and industrial, and construction and land development loans.
Headline financials
Revenue & EPS history
SouthState · Revenue · Quarterly
$459M
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
No specific forward guidance was provided in the document. The CEO expressed optimism for 2023 due to the continued population migration to the southeast markets.
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 Q4 2022
-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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