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SouthState (SSB) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-25 06:25
SouthState (SSB) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.53 per share. This compares to earnings of $1.63 per share a year ago. These figures are adjusted for nonrecurring items. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the e ...
South State (SSB) - 2024 Q2 - Quarterly Results
2024-07-25 04:07
财务指标 - 公司第二季度收益每股1.73美元,调整后每股1.79美元[2] - 净利润1.324亿美元,调整后净利润1.373亿美元[2] - 平均普通股权回报率9.6%,平均有形普通股权回报率15.5%,调整后平均有形普通股权回报率16.1%[2] - 平均资产回报率1.17%,调整后平均资产回报率1.22%[2] - 每股预提拨备前收益2.39美元[2] - 每股账面价值74.16美元,每股有形账面价值47.90美元[2] - 公司第二季度调整后每股收益为1.79美元,同比增长9.8%[27] - 公司第二季度调整后资产收益率为1.22%,同比增加10个基点[27] - 公司第二季度调整后股本收益率为9.94%,同比增加49个基点[27] - 公司第二季度调整后有形股本收益率为16.05%,同比增加7个基点[27] - 公司第二季度有形每股净值为47.90美元,较上年同期增长11.4%[27] - 公司第二季度有形资产负债率为8.39%,较上年同期增加78个基点[27,28] - 公司第二季度核心净息差为3.44%,较上年同期下降18个基点[26] 收入与利润 - 公司第二季度净收入为1.32亿美元,同比增长7.2%[25] - 公司第二季度调整后净收入为1.37亿美元,同比增长9.9%[27] - 公司第二季度调整后效率比率为55.52%,同比下降195个基点[27] 贷款与存款 - 贷款增长7%,存款减少1%[4] - 总贷款收益率5.82%,总存款成本1.80%[4] - 公司第二季度存款总额为370.98亿美元,较上一季度略有下降[15] - 公司第二季度贷款总额为332.35亿美元,较上一季度增加1.7%[16] 资产质量 - 公司第二季度不良资产总额为19.93亿美元,较上一季度增加14.2%[17] - 公司第二季度贷款损失准备占贷款比例为1.42%,较上一季度略有下降[19] - 公司第二季度贷款损失准备及未使用承诺准备占贷款比例为1.57%,较上一季度略有下降[19] - 公司第二季度贷款损失准备占不良贷款比例为241.19%,较上一季度下降[19] - 公司第二季度净拨备计提为-298.1万美元[21] - 公司第二季度表外未使用承诺为79.18亿美元,准备金占比为0.63%[21] 其他 - 公司宣布将季度现金股息从每股0.52美元增加至0.54美元[5] - 公司总资产为454.94亿美元,较上季度增加3.49亿美元[9] - 贷款净额为327.62亿美元,较上季度增加5.65亿美元[9] - 存款总额为370.98亿美元,较上季度减少0.8亿美元[9] - 公司股东权益为56.50亿美元,较上季度增加1.04亿美元[9] - 普通股发行在外股数为7,619.57万股,较上季度增加18,560股[9] - 公司第二季度非利息收入为7,522.5万美元,较上一季度增加5.1%[13] - 收购贷款的剩余折价余额为4.27亿美元[12] - 公司在2024年6月30日、2024年3月31日、2023年12月31日、2023年9月30日和2023年6月30日的季度分别实现4.4百万美元、4.3百万美元、3.9百万美元、4.1百万美元和5.5百万美元的贷款折溢价利息收入[1] - 公司在2024年6月30日和2023年6月30日的6个月期间分别实现8.7百万美元和12.9百万美元的贷款折溢价利息收入[1] - 公司在2024年6月30日、2024年3月31日、2023年12月31日、2023年9月30日和2023年6月30日的季度分别发生580万美元、450万美元、180万美元、16.4万美元和180万美元的并购、分支机构整合、裁员相关和其他费用,2024年6月30日和2023年6月30日6个月期间分别为1030万美元和1120万美元[2] - 公司在2023年12月31日的季度和2023年6月30日6个月期间分别发生2000美元和45000美元的证券损失[2] - 公司在2024年6月30日、2024年3月31日和2023年12月31日的季度分别发生61.9万美元、390万美元和2570万美元的FDIC特别评估,2024年6月30日6个月期间为450万美元[2] - 公司在2024年6月30日、2024年3月31日、2023年12月31日、2023年9月30日和2023年6月30日的季度分别发生570万美元、600万美元、660万美元、660万美元和700万美元的无形资产摊销,2024年6月30日和2023年6月30日6个月期间分别为1170万美元和1430万美元[4]
SouthState Corporation Reports Second Quarter 2024 Results, Declares an Increase in the Quarterly Cash Dividend
Prnewswire· 2024-07-25 04:05
Noninterest Income and Expense | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | Includes loan accretion (interest) income related to the discount on acquired loans of $4.4 million, $4.3 million, $3.9 million, $4.1 million, and $5.5 million during the | | | (1) quarters ended June 30, 2024, March 31, 202 ...
SouthState earns "America's Best Mid-Size Companies" award from TIME Magazine
Prnewswire· 2024-07-23 21:27
"We are both humbled and honored to be recognized by TIME as one of America's Best Mid-Size Companies. It is a testament to the commitment of our dedicated team members who care for our customers and communities daily, while continually striving for strong financial performance," said Richard Murray, SouthState president. In order to develop the list of America's Best Mid-Size Companies, TIME and research partner Statista used the following methodology: The scores of all three dimensions were added with an ...
Earnings Preview: SouthState (SSB) Q2 Earnings Expected to Decline
ZACKS· 2024-07-17 23:08
This bank holding company is expected to post quarterly earnings of $1.53 per share in its upcoming report, which represents a year-over-year change of -6.1%. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 24. On the other hand, if they miss, the stock may move lower. Revenues are expected to be $419.25 million, down 4.5% from the year-ago quarter. Investors should keep in mind that an aggregate change may not alway ...
SouthState Corporation to Announce Quarterly Earnings Results on Wednesday, July 24, 2024
Prnewswire· 2024-07-08 22:45
WINTER HAVEN, Fla., July 8, 2024 /PRNewswire/ -- SouthState Corporation (NYSE: SSB) ("SouthState") announced today that it will release second quarter 2024 earnings results on Wednesday, July 24, 2024, after the market closes. Upon release, investors may access a copy of SouthState's earnings results at the Company's website at www.SouthStateBank.com under Investor Relations, News, News & Market Data section. Alternatively, individuals may listen to the live webcast of the presentation by visiting the link ...
Cantor Fitzgerald and Silverstein Properties Announce Joint Venture with Turnbull Development, LLC for Opportunity Zone Development in Summerville, SC
Prnewswire· 2024-07-02 00:00
NEW YORK, July 1, 2024 /PRNewswire/ -- Affiliates of Cantor Fitzgerald, L.P., ("Cantor Fitzgerald"), a leading global financial services firm and real assets investment company, and Silverstein Properties ("Silverstein"), a leading global full-service real estate development, investment, and management firm, announced that they have entered into a joint venture with Turnbull Development, LLC, a Charleston-based development firm. The venture intends to develop a mixed-use project encompassing 365 garden-styl ...
SouthState Welcomes Slate of Seven Georgia Bankers
Prnewswire· 2024-06-10 21:30
WINTER HAVEN, Fla., June 10, 2024 /PRNewswire/ -- SouthState Bank has announced the addition of seven new commercial and private bankers in its growing Georgia market. "With our forward-thinking technology and client-focused approach, SouthState continues to offer our business customers big-bank products with high-touch service. These new additions bring further skill and initiative to their respective markets, and we look forward to their contributions," said Richard Murray, SouthState president. SouthStat ...
SouthState (SSB) to Acquire Independent Bank for $2 Billion
zacks.com· 2024-05-21 22:05
SouthState Corporation (SSB) entered into a merger agreement to acquire Independent Bank Group, Inc. (IBTX) in an all-stock transaction valued at approximately $2 billion. Independent Bank is headquartered in McKinney, TX, and had $18.9 billion in total assets, $15.7 billion in total deposits and $14.6 billion in total loans as of Mar 31, 2024. Upon completion of the acquisition, the combined company will have pro forma total assets of $65 billion, deposits of $55 billion, gross loans of $48 billion and a m ...
SouthState Corporation to Acquire Texas-based Independent Bank Group, Inc.
Prnewswire· 2024-05-20 19:00
WINTER HAVEN, Fla. and MCKINNEY, Texas, May 20, 2024 /PRNewswire/ -- SouthState Corporation (NYSE: SSB) ("SouthState") and Independent Bank Group, Inc. (NASDAQ: IBTX) ("Independent Bank Group") jointly announced today that they have entered into a definitive agreement under which SouthState will acquire Independent Bank Group, in an all-stock transaction valued at approximately $2 billion. SouthState Corporation and Independent Bank Group, Inc. have entered into a definitive agreement that will create a $65 ...