SouthState Corp reports results for the quarter ended March 31 - Earnings Summary

• SouthState Corp SSB.N reported quarterly adjusted earnings of $2.15​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.58. The mean expectation of ten analysts for the quarter was for earnings of $1.55 per share. Wall Street expected results to range from 93 cents to $1.85 per share.

• Revenue rose 51.8% to $630.64 million from a year ago; analysts expected $612.18 million.

• SouthState Corp's reported EPS for the quarter was 87 cents​.

• The company reported quarterly net income of $89.09 million.

• SouthState Corp shares had fallen by 4.5% this quarter and lost 10.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 9.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for SouthState Corp is $120.00

This summary was machine generated from LSEG data April 24 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)