NWG vs. SSB: NatWest vs. SouthState Bank Stock Comparison
How do NatWest (NWG) 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
NatWest (NWG) and SouthState Bank (SSB) both belong to the Banks industry, though NWG is classified under Diversified Banks while SSB falls under Regional Banks.
SouthState Bank (SSB) trades as ordinary local shares, while NatWest (NWG) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.
| Profile Item | NWG | SSB |
|---|---|---|
| Name | NatWest Group plc Sponsored ADR | SouthState Bank Corporation Common Stock |
| Country/Region | United Kingdom | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Banks | Banks |
| GICS Industry | Banks | Banks |
| GICS Sub-Industry | Diversified Banks | Regional Banks |
| Market Capitalization | 61.54 billion USD | 10.07 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | October 18, 2007 | January 28, 1997 |
| Security Type | ADR | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | NWG | SSB |
|---|---|---|
| Total Return (1Y) | 7.03% | 24.44% |
| Total Return (3Y, Annualized) | 59.12% | 18.79% |
| Total Return (5Y, Annualized) | 30.15% | 7.93% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | NWG | SSB |
|---|---|---|
| Volatility (1Y, Annualized) | 33.39% | 22.12% |
| Beta (5Y) | 0.96 | 0.77 |
| Max Drawdown (5Y) | -40.66% | -32.70% |
| Avg. Volume (3M) | 3.73M | 730.19K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | NWG | SSB |
|---|---|---|
| Sharpe Ratio (1Y) | 0.08 | 0.91 |
| Sortino Ratio (1Y) | 0.12 | 1.37 |
Profitability
ROE (TTM)
NatWest (NWG) at 14.58% sits in the top ROE quartile, while SouthState Bank (SSB) at 10.27% is closer to the peer norm — stronger capital efficiency for NWG.
NWG
Banks industry group
14.58%
- Max
- 19.84%
- NWG
- 14.58%
- 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)
NatWest (NWG) at 36.93% retains a top-quartile share of revenue as profit, ahead of SouthState Bank (SSB) at 35.03%, which keeps about the industry-typical share.
NWG
Banks industry group
36.93%
- Max
- 47.19%
- NWG
- 36.93%
- Q3
- 35.25%
- 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 NatWest (NWG) 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 | NWG | SSB |
|---|---|---|
| ROE (TTM) | 14.58% | 10.27% |
| ROA (TTM) | 0.85% | 1.36% |
| Net Margin (TTM) | 36.93% | 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 NatWest (NWG) at 13.35%, which is closer to a typical peer reading.
EPS Growth
Both NatWest (NWG) at 26.93% 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 | NWG | SSB |
|---|---|---|
| Revenue Growth (YoY) | 13.35% | 57.00% |
| Revenue Growth (3Y CAGR) | 7.55% | 17.50% |
| EPS Growth (YoY) | 26.93% | 12.91% |
| EPS Growth (3Y CAGR) | 26.12% | 6.04% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: NatWest (NWG) 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: NatWest (NWG) 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 | NWG | SSB |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both NatWest (NWG) at 2.19% and SouthState Bank (SSB) at 2.36% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
NWG
Banks industry group
2.19%
- Max
- 5.79%
- Q3
- 3.18%
- Median
- 2.39%
- NWG
- 2.19%
- 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 NatWest (NWG) at 47.43% distributes more than its industry norm — less retained, thinner cover.
NWG
Banks industry group
47.43%
- Max
- 70.75%
- NWG
- 47.43%
- 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 | NWG | SSB |
|---|---|---|
| Dividend Yield (TTM) | 2.19% | 2.36% |
| Dividend Payout Ratio (TTM) | 47.43% | 26.20% |
Valuation
P/E Ratio (TTM)
NatWest (NWG) at 7.84 sits in the cheaper P/E ratio quartile, while SouthState Bank (SSB) at 11.09 is closer to its industry’s usual earnings multiple — a discount for NWG, though growth and earnings durability still matter.
NWG
Banks industry group
7.84
- Max
- 18.16
- Q3
- 13.75
- Median
- 11.81
- Q1
- 10.64
- NWG
- 7.84
- 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 NatWest (NWG) 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)
On P/B ratio, both NatWest (NWG) at 1.20 and SouthState Bank (SSB) at 1.11 are valued close to their industries’ norm against book — neither stands out from peers.
NWG
Banks industry group
1.20
- Max
- 2.28
- Q3
- 1.58
- Median
- 1.32
- NWG
- 1.20
- 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 | NWG | SSB |
|---|---|---|
| P/E Ratio (TTM) | 7.84 | 11.09 |
| P/S Ratio (TTM) | -- | -- |
| P/B Ratio (MRQ) | 1.20 | 1.11 |
| Free Cash Flow Yield (TTM) | -- | -- |