For the quarter ended December 2024, SouthState (SSB) reported income of $450.32 million, up 7.3% over the identical interval final yr. EPS got here in at $1.93, in comparison with $1.67 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $435.63 million, representing a shock of +3.37%. The corporate delivered an EPS shock of +11.56%, with the consensus EPS estimate being $1.73.
Whereas traders scrutinize income and earnings modifications year-over-year and the way they examine with Wall Road expectations to find out their subsequent transfer, some key metrics at all times supply a extra correct image of an organization’s monetary well being.
Since these metrics play an important function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher undertaking a inventory’s value efficiency.
Right here is how SouthState carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Web Curiosity Margin (Non-Tax Equal): 3.5% versus 3.5% estimated by three analysts on common.
- Effectivity Ratio: 55.7% in comparison with the 56.6% common estimate primarily based on three analysts.
- Complete Nonperforming Belongings: $213.35 million in comparison with the $194.01 million common estimate primarily based on two analysts.
- Common Stability – Complete interest-earning property: $42.30 billion in comparison with the $41.60 billion common estimate primarily based on two analysts.
- Web charge-offs (recoveries) as a proportion of common loans (annualized): 0.1% versus 0.2% estimated by two analysts on common.
- Web Curiosity Revenue: $369.78 million versus $360.77 million estimated by three analysts on common.
- Complete Noninterest Revenue: $80.55 million versus $74.74 million estimated by three analysts on common.
- Web curiosity earnings, tax equal (Non-GAAP): $370.33 million in comparison with the $362.31 million common estimate primarily based on two analysts.
View all Key Company Metrics for SouthState here>>>
Shares of SouthState have returned -1.7% over the previous month versus the Zacks S&P 500 composite’s +2.7% change. The inventory at the moment has a Zacks Rank #2 (Purchase), indicating that it might outperform the broader market within the close to time period.
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SouthState Corporation (SSB) : Free Stock Analysis Report
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