Core Insights - Analysts forecast SouthState (SSB) will report quarterly earnings of $1.73 per share, reflecting a year-over-year increase of 3.6% and revenues of $435.63 million, up 3.8% from the previous year [1] - There has been a 32.9% upward revision in the consensus EPS estimate over the past 30 days, indicating a collective reassessment by analysts [2] - Earnings estimate revisions are critical for predicting investor behavior and have a strong correlation with short-term stock price performance [3] Financial Metrics - The consensus estimate for 'Net Interest Margin (Non-Tax Equivalent)' is 3.5%, unchanged from the previous year [5] - Analysts expect the 'Efficiency Ratio' to be 56.6%, a significant improvement from 63.4% reported in the same quarter last year [5] - The estimate for 'Total Nonperforming Loans' is $187.14 million, up from $121.77 million in the same quarter last year [5] - 'Average Balance - Total Interest-Earning Assets' is projected to reach $41.60 billion, compared to $40.47 billion reported last year [6] - 'Total Nonperforming Assets' is expected to be $194.01 million, up from $184.12 million in the same quarter last year [6] - 'Net Interest Income' is forecasted at $360.77 million, compared to $354.23 million from the previous year [7] - 'Total Noninterest Income' is anticipated to reach $74.74 million, up from $65.49 million in the same quarter last year [7] - 'Net Interest Income, Tax Equivalent (Non-GAAP)' is projected at $362.31 million, compared to $354.89 million from the previous year [8] Market Performance - SouthState shares have changed by -0.3% in the past month, while the Zacks S&P 500 composite has seen a -2.1% change [8] - With a Zacks Rank 2 (Buy), SSB is expected to outperform the overall market in the near term [8]

Wall Street expects a year-over-year increase in earnings on higher revenues when SouthState (SSB) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 23, 2025, might help the stock move higher if these key numbers are better than ex ...

NEW YORK, Dec. 30, 2024 /PRNewswire/ -- Acadia Pharmaceuticals Inc. (NASD: ACAD) will replace Independent Bank Group Inc. (NASD: IBTX) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, January 3, 2025. S&P MidCap 400 constituent SouthState Corp. (NYSE: SSB) is acquiring Independent Bank Group in a deal expected to close soon pending final conditions. Following is a summary of the change that will take place prior to the open of trading on the effective date: Effective Date Ind ...

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SouthState (SSB) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The power of ...

SouthState (SSB) came out with quarterly earnings of $1.90 per share, beating the Zacks Consensus Estimate of $1.67 per share. This compares to earnings of $1.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.77%. A quarter ago, it was expected that this bank holding company would post earnings of $1.53 per share when it actually produced earnings of $1.79, delivering a surprise of 16.99%.Over the last four quarters, the c ...

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WINTER HAVEN, Fla., Oct. 23, 2024 /PRNewswire/ -- SouthState Corporation (NYSE: SSB) today released its unaudited results of operations and other financial information for the three-month and nine-month periods ended September 30, 2024.View PDFSouthState Corporation Reports Third Quarter 2024 Results"Despite the challenges of hurricane season, SouthState produced steady growth in loans, deposits, revenue, and earnings per share.  Furthermore, with the compounding effect of interest rate changes, our tangibl ...

Wall Street analysts expect SouthState (SSB) to post quarterly earnings of $1.67 per share in its upcoming report, which indicates a year-over-year increase of 3.1%. Revenues are expected to be $430.98 million, up 0.6% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead of a company's earning ...

SouthState (SSB) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 23, 2024, might help the stock move higher if these key numbers are better tha ...