BAP vs. SSB: Credicorp vs. SouthState Bank Stock Comparison
How do Credicorp (BAP) and SouthState Bank (SSB) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Credicorp (BAP) and SouthState Bank (SSB) both belong to the Banks industry, though BAP is classified under Diversified Banks while SSB falls under Regional Banks.
| Profile Item | BAP | SSB |
|---|---|---|
| Name | Credicorp Ltd. | SouthState Bank Corporation Common Stock |
| Country/Region | Peru | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Banks | Banks |
| GICS Industry | Banks | Banks |
| GICS Sub-Industry | Diversified Banks | Regional Banks |
| Market Capitalization | 27.63 billion USD | 10.07 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | October 25, 1995 | January 28, 1997 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | BAP | SSB |
|---|---|---|
| Total Return (1Y) | 44.06% | 24.44% |
| Total Return (3Y, Annualized) | 52.62% | 18.79% |
| Total Return (5Y, Annualized) | 29.84% | 7.93% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | BAP | SSB |
|---|---|---|
| Volatility (1Y, Annualized) | 34.92% | 22.12% |
| Beta (5Y) | 0.87 | 0.77 |
| Max Drawdown (5Y) | -33.33% | -32.70% |
| Avg. Volume (3M) | 316.59K | 730.19K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | BAP | SSB |
|---|---|---|
| Sharpe Ratio (1Y) | 1.14 | 0.91 |
| Sortino Ratio (1Y) | 1.75 | 1.37 |
Profitability
ROE (TTM)
Credicorp (BAP) at 20.41% clears its industry range for ROE, a sharper capital-efficiency signal than SouthState Bank (SSB) at 10.27%, which is closer to a typical peer reading.
BAP
Banks industry group
20.41%
- BAP
- 20.41%
- Max
- 19.84%
- Q3
- 13.67%
- Median
- 11.49%
- Q1
- 9.50%
- Min
- 3.64%
SSB
Banks industry group
10.27%
- Max
- 19.84%
- Q3
- 13.67%
- Median
- 11.49%
- SSB
- 10.27%
- Q1
- 9.50%
- Min
- 3.64%
Net Margin (TTM)
Both Credicorp (BAP) at 33.10% and SouthState Bank (SSB) at 35.03% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
BAP
Banks industry group
33.10%
- Max
- 47.19%
- Q3
- 35.25%
- BAP
- 33.10%
- Median
- 31.21%
- Q1
- 27.11%
- Min
- 14.93%
SSB
Banks industry group
35.03%
- Max
- 47.19%
- Q3
- 35.25%
- SSB
- 35.03%
- Median
- 31.21%
- Q1
- 27.11%
- Min
- 14.93%
Operating Margin (TTM)
Neither side reports a meaningful operating margin: for Credicorp (BAP) in Banks and SouthState Bank (SSB) in Banks, funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.
Profitability Metrics
| Metric | BAP | SSB |
|---|---|---|
| ROE (TTM) | 20.41% | 10.27% |
| ROA (TTM) | 2.84% | 1.36% |
| Net Margin (TTM) | 33.10% | 35.03% |
| Operating Margin (TTM) | -- | -- |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
SouthState Bank (SSB) at 57.00% clears its industry range for revenue growth, far stronger top-line momentum than Credicorp (BAP) at 11.57%, which is closer to a typical peer reading.
EPS Growth
Both Credicorp (BAP) at 26.04% and SouthState Bank (SSB) at 12.91% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | BAP | SSB |
|---|---|---|
| Revenue Growth (YoY) | 11.57% | 57.00% |
| Revenue Growth (3Y CAGR) | 12.30% | 17.50% |
| EPS Growth (YoY) | 26.04% | 12.91% |
| EPS Growth (3Y CAGR) | 14.42% | 6.04% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Credicorp (BAP) in Banks and SouthState Bank (SSB) in Banks both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt / Equity (MRQ)
debt-to-equity ratio is set aside for both: Credicorp (BAP) in Banks and SouthState Bank (SSB) in Banks run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength Metrics
| Metric | BAP | SSB |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
SouthState Bank (SSB) at 2.36% pays an industry-typical yield; Credicorp (BAP) at 14.37% is above its entire peer range — the higher number, but one that calls for a look at payout sustainability before treating it as an advantage.
BAP
Banks industry group
14.37%
- BAP
- 14.37%
- Max
- 5.79%
- Q3
- 3.18%
- Median
- 2.39%
- Q1
- 1.20%
- Min
- 0.00%
SSB
Banks industry group
2.36%
- Max
- 5.79%
- Q3
- 3.18%
- Median
- 2.39%
- SSB
- 2.36%
- Q1
- 1.20%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
SouthState Bank (SSB) at 26.20% pays out a band-typical share of earnings, while Credicorp (BAP) at 53.95% distributes more than its industry norm — less retained, thinner cover.
BAP
Banks industry group
53.95%
- Max
- 70.75%
- BAP
- 53.95%
- Q3
- 41.28%
- Median
- 29.26%
- Q1
- 18.98%
- Min
- 0.00%
SSB
Banks industry group
26.20%
- Max
- 70.75%
- Q3
- 41.28%
- Median
- 29.26%
- SSB
- 26.20%
- Q1
- 18.98%
- Min
- 0.00%
Dividend Metrics
| Metric | BAP | SSB |
|---|---|---|
| Dividend Yield (TTM) | 14.37% | 2.36% |
| Dividend Payout Ratio (TTM) | 53.95% | 26.20% |
Valuation
P/E Ratio (TTM)
Both Credicorp (BAP) at 13.10 and SouthState Bank (SSB) at 11.09 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
BAP
Banks industry group
13.10
- Max
- 18.16
- Q3
- 13.75
- BAP
- 13.10
- Median
- 11.81
- Q1
- 10.64
- Min
- 6.49
SSB
Banks industry group
11.09
- Max
- 18.16
- Q3
- 13.75
- Median
- 11.81
- SSB
- 11.09
- Q1
- 10.64
- Min
- 6.49
P/S Ratio (TTM)
P/S ratio is set aside for both Credicorp (BAP) in Banks and SouthState Bank (SSB) in Banks: without a conventional revenue line, pricing per dollar of sales isn’t meaningful, and book- or earnings-based multiples make the better comparison.
P/B Ratio (MRQ)
SouthState Bank (SSB) at 1.11 sits near its industry’s typical P/B ratio, while Credicorp (BAP) at 2.57 prices above its benchmark range — BAP looks rich relative to book.
BAP
Banks industry group
2.57
- BAP
- 2.57
- Max
- 2.28
- Q3
- 1.58
- Median
- 1.32
- Q1
- 1.10
- Min
- 0.59
SSB
Banks industry group
1.11
- Max
- 2.28
- Q3
- 1.58
- Median
- 1.32
- SSB
- 1.11
- Q1
- 1.10
- Min
- 0.59
Valuation Metrics
| Metric | BAP | SSB |
|---|---|---|
| P/E Ratio (TTM) | 13.10 | 11.09 |
| P/S Ratio (TTM) | -- | -- |
| P/B Ratio (MRQ) | 2.57 | 1.11 |
| Free Cash Flow Yield (TTM) | -- | -- |