SouthState Bank
SSB · NYSEState Commercial Banks · Fiscal year ends Dec 31
Net income was $799M. Operating cash flow of $301M less capital expenditure of $70M left free cash flow of $231M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Net interest incomeBanks | $1B | $1.3B | $1.5B | $1.4B | $2.3B |
| Interest expense | $52M | $61M | $492M | – | – |
| Pre-tax income | $604M | $633M | $631M | $700M | $1B |
| Income tax | $129M | $137M | $137M | $165M | $242M |
| Net income | $476M | $496M | $494M | $535M | $799M |
| Diluted EPS | 6.71 | 6.60 | 6.46 | 6.97 | 7.87 |
| Diluted shares | 71M | 75M | 76M | 77M | 101M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $6.7B | $1.3B | $999M | $1.4B | $3.2B |
| Goodwill | $1.6B | $1.9B | $1.9B | $1.9B | $3.1B |
| Total assets | $41.8B | $43.9B | $44.9B | $46.4B | $67.2B |
| DepositsBanks | $35.1B | $36.4B | $37B | $38.1B | $55.1B |
| Total liabilities | $37B | $38.8B | $39.4B | $40.5B | $58.1B |
| Shareholders' equity | $4.8B | $5.1B | $5.5B | $5.9B | $9.1B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $416M | $1.7B | $547M | $512M | $301M |
| Capital expenditure | $28M | $18M | $39M | $36M | $70M |
| Free cash flow | $387M | $1.7B | $508M | $476M | $231M |
| Depreciation & amortisation | $29M | $29M | $28M | $29M | $34M |
| Stock-based compensation | $26M | $36M | $36M | $28M | $37M |
| Acquisitions | $40M | −$250M | – | – | – |
| Share buybacks | $147M | $119M | $16M | $17M | $236M |
| Dividends paid | $135M | $147M | $156M | $163M | $231M |
| Dividend per share | 1.92 | 1.98 | 2.04 | 2.12 | 2.28 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| EPS growth (YoY) | – | −1.6% | −2.1% | 7.9% | 12.9% |
| Return on equityBlank when equity is negative | 9.9% | 9.8% | 8.9% | 9.1% | 8.8% |
| Cash conversion (CFO ÷ net income) | 0.87x | 3.49x | 1.11x | 0.96x | 0.38x |
Recent filings
More in State Commercial Banks
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.