SHG vs. SSB: Shinhan Financial vs. SouthState Bank Stock Comparison

Company Profile

Shinhan Financial (SHG) and SouthState Bank (SSB) both belong to the Banks industry, though SHG is classified under Diversified Banks while SSB falls under Regional Banks.

SouthState Bank (SSB) trades as ordinary local shares, while Shinhan Financial (SHG) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

SouthState Bank (SSB) at 10.27% is around its peer norm for ROE, while Shinhan Financial (SHG) at 8.94% drops into the bottom quartile, signaling weaker returns on shareholders’ equity.

SouthState Bank (SSB) at 35.03% keeps about the industry-typical share of revenue as profit, while Shinhan Financial (SHG) at 26.15% retains only a bottom-quartile share.

Neither side reports a meaningful operating margin: for Shinhan Financial (SHG) 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

Growth

SouthState Bank (SSB) at 57.00% delivers above-range revenue growth, while Shinhan Financial (SHG) at 4.66% falls into the bottom quartile — a wide split in revenue momentum.

Both Shinhan Financial (SHG) at 16.24% 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

Financial Strength

current ratio doesn’t apply on either side: Shinhan Financial (SHG) 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-to-equity ratio is set aside for both: Shinhan Financial (SHG) 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

Dividends

SouthState Bank (SSB) at 2.36% pays an industry-typical yield; Shinhan Financial (SHG) at 4,638.28% 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.

Both Shinhan Financial (SHG) at 25.22% and SouthState Bank (SSB) at 26.20% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

Dividend Metrics

Valuation

Shinhan Financial (SHG) at 7.98 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 SHG, though growth and earnings durability still matter.

P/S ratio is set aside for both Shinhan Financial (SHG) 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.

Shinhan Financial (SHG) at 0.66 sits in the lower P/B ratio quartile against book while SouthState Bank (SSB) at 1.11 is valued near its industry’s middle — SHG is cheaper on assets, though weigh it against ROE and asset quality.

Valuation Metrics