| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 72 | 11.2x | 17.3x | Top tier | |
Growth | 57 | 9.7% | 7.1% | Around median | |
Quality | 61 | — | — | Around median | |
Safety | 20 | — | — | Bottom tier | |
Capital Return | 63 | 2.16% | 0.06% | Around median | |
Momentum | 76 | 5.2% | -1.6% | Top tier | |
Sentiment | 45 | 10 | 3 | Around median |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
SouthState Bank Corp., listed under the ticker SSB on NYSE, is a regional bank whose business centers on funding loans with deposits and generating income from interest and banking services. Its activities include commercial, industrial, and real estate lending, treasury management, correspondent banking, and mortgage banking. Florida, Texas, and South Carolina stand out among its largest markets contributing to loan growth by value, while management's strategy focuses on increasing business density within existing markets and recruiting commercial relationship managers.
SouthState's net income in quarter 2 of fiscal year 2026, ended 2026-06-30, was approximately $230.0 million, with diluted earnings per share of $2.35, compared with net income of $215.2 million and diluted earnings per share of $2.11 in quarter 2 of fiscal year 2025, ended 2025-06-30. Diluted shares declined to 97.7 million from 101.8 million, a decrease of 4.1% compared with the same quarter of the previous fiscal year, supporting earnings per share alongside higher net income.
Net interest margin in quarter 2 of fiscal year 2026, ended 2026-06-30, was 378 basis points, with a deposit cost of 176 basis points and a Common Equity Tier 1 capital ratio of 11.1%. Loans grew 8% and deposits 5% compared with the same period of the previous fiscal year, while variable-rate loans accounted for 76% of loan production during the quarter. These results combine lending expansion with stable funding costs, but continued growth requires deposits to keep pace with loan portfolio expansion.
Q2 FY2026
When: 2026-10-21
Net interest margin within the 375–380 basis point range
Loan-to-deposit ratio at the 92% level
Net loan charge-off rate at the 10 basis point threshold
The median analyst target in the 2026-10-19 snapshot was $118, with a range of $108–125; this is a low-confidence indicative estimate based on one analyst and reflects growth and earnings expectations, with analyst targets inherently tending toward optimism. The industry-multiple valuation is $109, with a range of $92–134, based on book value and a median multiple of 1.2 across 335 companies, meaning it values the equity base according to peer valuations. The ranges of the two methods overlap, but the median analyst target of $118 exceeds the industry-multiple valuation of $109, reflecting the difference between pricing expected growth and valuing book value according to the industry. The average analyst consensus target is $117 with a consensus Buy recommendation, an average that differs from the median in the valuation snapshot and does not make either value a standalone judgment of SouthState's value.
Figures in the text are as of 2026-10-20; the live price is shown at the top of the page.
Net income was $230.0 million and diluted earnings per share were $2.35 in quarter 2 of fiscal year 2026, ended 2026-06-30. The figures were $215.2 million and $2.11, respectively, in quarter 2 of fiscal year 2025, ended 2025-06-30. Over the same comparison, diluted shares declined from 101.8 million to 97.7 million, a decrease of 4.1%, so earnings per share benefited from both improved net income and a smaller share base.
Loans grew 8% and deposits 5% compared with the same period of the previous fiscal year in quarter 2 of fiscal year 2026, ended 2026-06-30. The loan-to-deposit ratio was slightly above 90%, while management indicated its willingness to allow it to reach approximately 92% without exceeding that level by much. Management expects to fund loan portfolio growth with deposits, but higher funding costs and competition in Texas and Colorado require monitoring whether deposits can keep pace with lending.
Automated analysis for informational purposes only — not investment advice.
Net interest margin was 378 basis points in quarter 2 of fiscal year 2026, ended 2026-06-30, while accounting discount accretion income was $33 million, down $6 million compared with the previous quarter. On the 2026-07-24 call, management identified approximately $6 billion in loans eligible for repricing within roughly a year of that date, with an estimated increase of approximately 50 basis points. The bank aims to replace declining accounting income with yields on repriced loans, while maintaining margin guidance at 375–380 basis points through fiscal year 2027, assuming unchanged interest rates.
SouthState repurchased one million shares during quarter 2 of fiscal year 2026, ended 2026-06-30, and the capital return ratio, including dividends, reached 68% in that quarter. Total shares repurchased during the first half of fiscal year 2026, ended on the same date, reached 2.5 million, with a capital return ratio, including dividends, of 80%. Management affirmed a longer-term range of 40%–60%, because maintaining a Common Equity Tier 1 capital ratio between 11% and 12% alongside loan growth limits the sustainability of the higher pace.
Management stated on the quarter 2 fiscal year 2026 call on 2026-07-24 that it is testing commodity hedging services as an extension of its energy business, alongside foreign exchange initiatives for commercial clients. It identified fiscal year 2027 as the target period for launching both initiatives, while risk control testing continues. Management did not raise fiscal year 2026 guidance because of these initiatives and indicated that quarter 4 of fiscal year 2026 may provide greater clarity on their timing.