SSB Earnings Prediction
The chart below shows how SSB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SSB sees a -2.48% change in stock price 10 days leading up to the earnings, and a +2.11% change 10 days following the report. On the earnings day itself, the stock moves by -0.18%. This data can give you a slight idea of what to expect for the next quarter's release.
SSB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
438.17M
9.42%
6.88%
Gross Margin
--
--
--
Operating Margin
44.43%
7.84%
-4.74%
Net Margin
32.90%
23.36%
-5.78%
EPS
1.87
34.53%
0.54%
No Data Available
SSB Earnings Analysis
SouthState Corp Corporation (SSB.O) Earnings Conference Call
Positive
Customer Deposit Growth: Deposits grew by 9% on an annualized basis when excluding brokered CDs, indicating strong customer deposit growth despite rate cuts.
PPNR Growth and Efficiency: PPNR increased by 9% for the quarter, driven by a 6% rise in total revenue, showcasing effective management and operational efficiency.
Net Interest Income Increase: Net interest income rose by $18 million over Q3, reflecting a solid performance in interest-earning assets and improved net interest margin (NIM) by 8 basis points to 3.48%.
Wealth Management Revenue Surge: Wealth management revenue reached a record $45.5 million, up 15% year-over-year, highlighting strong performance in the wealth segment.
Sale Leaseback Benefits: The sale leaseback transaction generated approximately $225 million in off-balance sheet capital, providing flexibility for future revenue growth opportunities.
Negative
Credit Quality Concerns: Net charge-offs for Q4 were $5,000,000, resulting in a full year total of $18,000,000, indicating a consistent 6 basis points annualized charge-off rate, which raises concerns about credit quality.
Asset Quality Deterioration: Non-performing assets (NPAs) increased to 63 basis points, up 6 basis points from year-end 2023, suggesting a deterioration in asset quality.
Rising Operational Costs: Total non-interest expenses rose to $250,700,000 in Q4, an increase of $7,000,000 from the previous quarter, indicating rising operational costs that could pressure margins.
Customer Deposit Trends: Customer deposit growth was only 4.5% annualized, and when excluding brokered CDs, the growth was only 9%, suggesting a reliance on seasonal factors rather than sustainable growth.
Loan Production Trends: The loan production for Q4 was up 17%, but the overall loan growth for the year was only 5%, indicating a slowdown in lending activity and potential challenges in maintaining growth momentum.
SSB FAQs
How does SSB typically perform around its earnings report dates?
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SSB Earning Call Sentiment
Earnings call transcript: South State Corp beats Q4 2024 EPS estimates
SSB.O
0.66%Positive
The earnings call presents mixed signals. While there is positive revenue growth, improved NIM, and a healthy CET1 ratio, there are concerns about credit quality risks, supply chain challenges, and competitive pressures. The sale leaseback transaction and potential securities restructuring add complexity. The Q&A section revealed some uncertainty, particularly regarding securities restructuring. These factors combined suggest a neutral sentiment, with no strong catalysts to drive significant stock price movement in the short term.
