SouthState Bank (SSB) Stock Analysis

November 11, 2026

This is a peer-relative look at SouthState Bank (SSB): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Banks peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for SouthState Bank (SSB)
Profile Item	SSB
Name	SouthState Bank Corporation Common Stock
Country/Region	United States
GICS Sector	Financials
GICS Industry Group	Banks
GICS Industry	Banks
GICS Sub-Industry	Regional Banks
Market Capitalization	10.07 billion USD
Currency	USD
Exchange	NYSE
Listing Date	January 28, 1997
Security Type	Common Stock

Price Performance

Cumulative Growth

SSB

GSPC

SouthState Bank (SSB) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for SouthState Bank (SSB) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for SouthState Bank (SSB) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

SouthState Bank (SSB) metric values compared with Banks industry-group medians
Metric	Current stock: SSB	Industry group median
Total Return (1Y)	24.44%	30.28%
Total Return (3Y, Annualized)	18.79%	26.57%
Total Return (5Y, Annualized)	7.93%	9.43%

Risk Profile

Drawdown History

SSB

GSPC

SouthState Bank (SSB) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for SouthState Bank (SSB) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

SouthState Bank (SSB) metric values compared with Banks industry-group medians
Metric	Current stock: SSB	Industry group median
Volatility (1Y, Annualized)	22.12%	24.34%
Beta (5Y)	0.77	0.72
Max Drawdown (5Y)	-32.70%	-43.36%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. SSB is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

SouthState Bank (SSB) metric values compared with Banks industry-group medians
Metric	Current stock: SSB	Industry group median
Sharpe Ratio (1Y)	0.91	1.08
Sortino Ratio (1Y)	1.37	1.61

Profitability

ROE (TTM)

SouthState Bank (SSB) posts ROE of 10.27%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

SSB

Banks industry group

10.27%

Group distribution

Max: 19.84%
Q3: 13.67%
Median: 11.49%
SSB: 10.27%
Q1: 9.50%
Min: 3.64%

Largest peers

JPM: 18.01%
RY: 16.21%
HSBC: 14.22%
WFC: 12.91%
BAC: 10.73%
SSB: 10.27%
MUFG: 9.46%

Where SouthState Bank (SSB) stands on ROE within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

SouthState Bank (SSB) keeps 35.03% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

SSB

Banks industry group

35.03%

Group distribution

Max: 47.19%
Q3: 35.25%
SSB: 35.03%
Median: 31.21%
Q1: 27.11%
Min: 14.93%

Largest peers

HSBC: 41.16%
SSB: 35.03%
JPM: 34.59%
RY: 33.87%
BAC: 28.06%
WFC: 27.64%
MUFG: 27.45%

Where SouthState Bank (SSB) stands on net margin within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

operating margin is set aside for SouthState Bank (SSB) in Banks: the operating-income line is not a clean boundary for this business model, so net margin, ROE, FFO, or industry-specific measures may be more useful.

Profitability Metrics

SouthState Bank (SSB) metric values compared with Banks industry-group medians
Metric	Current stock: SSB	Industry group median
ROE (TTM)	10.27%	11.49%
ROA (TTM)	1.36%	1.24%
Net Margin (TTM)	35.03%	31.21%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

SouthState Bank (SSB) grew revenue 57.00%, above the industry benchmark range. Demand is expanding faster than at any typical peer, though growth that far ahead of the group is worth checking for acquisitions or other one-off contributions.

SouthState Bank (SSB): Revenue Growth across different time periods, set against Banks industry-group medians.

EPS Growth

SouthState Bank (SSB) grew earnings per share 12.91%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

SouthState Bank (SSB): EPS Growth across different time periods, set against Banks industry-group medians.

Growth Metrics

SouthState Bank (SSB) metric values compared with Banks industry-group medians
Metric	Current stock: SSB	Industry group median
Revenue Growth (YoY)	57.00%	11.23%
Revenue Growth (3Y CAGR)	17.50%	6.33%
EPS Growth (YoY)	12.91%	16.14%
EPS Growth (3Y CAGR)	6.04%	3.15%

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for SouthState Bank (SSB) in Banks: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for SouthState Bank (SSB) in Banks: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength Metrics

SouthState Bank (SSB) metric values compared with Banks industry-group medians
Metric	Current stock: SSB	Industry group median
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

SouthState Bank (SSB) has dividend yield of 2.36%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

SSB

Banks industry group

2.36%

Group distribution

Max: 5.79%
Q3: 3.18%
Median: 2.39%
SSB: 2.36%
Q1: 1.20%
Min: 0.00%

Largest peers

MUFG: 406.81%
RY: 3.23%
SSB: 2.36%
BAC: 2.33%
WFC: 2.19%
JPM: 1.82%
HSBC: 0.86%

Where SouthState Bank (SSB) stands on dividend yield within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

SouthState Bank (SSB) has payout ratio of 26.20%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

SSB

Banks industry group

26.20%

Group distribution

Max: 70.75%
Q3: 41.28%
Median: 29.26%
SSB: 26.20%
Q1: 18.98%
Min: 0.00%

Largest peers

HSBC: 53.57%
RY: 41.49%
MUFG: 34.74%
BAC: 27.62%
SSB: 26.20%
WFC: 26.09%
JPM: 25.80%

Where SouthState Bank (SSB) stands on payout ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

SouthState Bank (SSB) metric values compared with Banks industry-group medians
Metric	Current stock: SSB	Industry group median
Dividend Yield (TTM)	2.36%	2.39%
Dividend Payout Ratio (TTM)	26.20%	29.26%

Valuation

P/E Ratio (TTM)

SouthState Bank (SSB) trades at P/E ratio of 11.09, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

SSB

Banks industry group

11.09

Group distribution

Max: 18.16
Q3: 13.75
Median: 11.81
SSB: 11.09
Q1: 10.64
Min: 6.49

Largest peers

RY: 17.58
JPM: 14.03
MUFG: 13.71
WFC: 11.84
BAC: 11.79
HSBC: 11.38
SSB: 11.09

Where SouthState Bank (SSB) stands on P/E ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

P/S ratio is not assessed for SouthState Bank (SSB) in Banks: the revenue line is driven by spread economics rather than conventional product or service sales, so book value or earnings usually carry more weight.

P/B Ratio (MRQ)

SouthState Bank (SSB) trades at 1.11 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

SSB

Banks industry group

1.11

Group distribution

Max: 2.28
Q3: 1.58
Median: 1.32
SSB: 1.11
Q1: 1.10
Min: 0.59

Largest peers

HSBC: 6.87
RY: 2.92
JPM: 2.53
MUFG: 1.64
WFC: 1.59
BAC: 1.26
SSB: 1.11

Where SouthState Bank (SSB) stands on P/B ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

SouthState Bank (SSB) metric values compared with Banks industry-group medians
Metric	Current stock: SSB	Industry group median
P/E Ratio (TTM)	11.09	11.81
P/S Ratio (TTM)	--	--
P/B Ratio (MRQ)	1.11	1.32
Free Cash Flow Yield (TTM)	--	--