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Hovde Group Upgrades SouthState Bank (SSB) to Outperform
Yahoo Finance· 2026-03-25 20:16
Core Viewpoint - SouthState Bank Corporation (NYSE:SSB) is recognized as one of the best American bank stocks to buy, with an upgrade from Hovde Group to Outperform and a price target of $110 [1] Financial Performance - In Q4 2025, SouthState Bank reported an annualized growth rate of 8% in loans and deposits [2] - The company achieved diluted earnings per share (EPS) of $2.46, reflecting a 32% year-over-year increase [2] - Adjusted diluted EPS for the quarter was $2.47, marking a 28% increase compared to the same period last year [2] Shareholder Actions - The CEO, John C. Corbett, noted that the company repurchased 2 million shares in Q4 2025 [3] - A new share repurchase plan for 5.56 million shares has been approved by the board [3] Growth Outlook - Heading into 2026, SouthState Bank is reported to have "full" pipelines, indicating a continued growth trajectory [4] - The bank operates as a regional bank holding company in the Southeastern US, providing various banking and financial services [4]