SouthState Corporation
SouthState Bank Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States. The company offers checking accounts, savings accounts, money market accounts, and time deposit accounts; interest-bearing deposits, certificates of deposits, and other time deposits; an… Read more
SouthState Corporation (SSB) - Net Assets
Latest net assets as of September 2025: $9.01 Billion USD
Based on the latest financial reports, SouthState Corporation (SSB) has net assets worth $9.01 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($66.05 Billion) and total liabilities ($57.04 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $9.01 Billion |
| % of Total Assets | 13.64% |
| Annual Growth Rate | 18.81% |
| 5-Year Change | 26.73% |
| 10-Year Change | 456.02% |
| Growth Volatility | 27.62 |
SouthState Corporation - Net Assets Trend (1995–2024)
This chart illustrates how SouthState Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SouthState Corporation (1995–2024)
The table below shows the annual net assets of SouthState Corporation from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $5.89 Billion | +6.46% |
| 2023-12-31 | $5.53 Billion | +9.03% |
| 2022-12-31 | $5.07 Billion | +5.66% |
| 2021-12-31 | $4.80 Billion | +3.34% |
| 2020-12-31 | $4.65 Billion | +95.86% |
| 2019-12-31 | $2.37 Billion | +0.28% |
| 2018-12-31 | $2.37 Billion | +2.48% |
| 2017-12-31 | $2.31 Billion | +103.50% |
| 2016-12-31 | $1.13 Billion | +7.10% |
| 2015-12-31 | $1.06 Billion | +7.56% |
| 2014-12-31 | $984.92 Million | +0.35% |
| 2013-12-31 | $981.47 Million | +93.37% |
| 2012-12-31 | $507.55 Million | +32.94% |
| 2011-12-31 | $381.78 Million | +15.71% |
| 2010-12-31 | $329.96 Million | +16.67% |
| 2009-12-31 | $282.82 Million | +15.47% |
| 2008-12-31 | $244.93 Million | +13.89% |
| 2007-12-31 | $215.06 Million | +32.85% |
| 2006-12-31 | $161.89 Million | +9.09% |
| 2005-12-31 | $148.40 Million | +24.92% |
| 2004-12-31 | $118.80 Million | +5.74% |
| 2003-12-31 | $112.35 Million | +8.55% |
| 2002-12-31 | $103.50 Million | +11.21% |
| 2001-12-31 | $93.06 Million | +9.57% |
| 2000-12-31 | $84.94 Million | +12.05% |
| 1999-12-31 | $75.80 Million | +2.02% |
| 1998-12-31 | $74.30 Million | +37.85% |
| 1997-12-31 | $53.90 Million | +11.59% |
| 1996-12-31 | $48.30 Million | +21.43% |
| 1995-12-31 | $39.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SouthState Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 16620.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.05 Billion | 34.75% |
| Common Stock | $190.81 Million | 3.24% |
| Other Comprehensive Income | $-606.92 Million | -10.30% |
| Other Components | $4.26 Billion | 72.32% |
| Total Equity | $5.89 Billion | 100.00% |
SouthState Corporation Competitors by Market Cap
The table below lists competitors of SouthState Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SPX TECHNOLOGIES DL 10
F:SPW0
|
$8.92 Billion |
|
Mosaic Co.
LSE:0K3B
|
$8.93 Billion |
|
Stora Enso Oyj
PINK:SEOFF
|
$8.93 Billion |
|
GEA Group Aktiengesellschaft
PINK:GEAGF
|
$8.94 Billion |
|
VAT Group AG
PINK:VTTGF
|
$8.91 Billion |
|
Carrefour SA
PINK:CRERF
|
$8.90 Billion |
|
Interconnection Electric SA ESP
OTCQX:IESFY
|
$8.90 Billion |
|
Bunzl plc
PINK:BZLFF
|
$8.90 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SouthState Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,533,098,000 to 5,890,415,000, a change of 357,317,000 (6.5%).
- Net income of 534,783,000 contributed positively to equity growth.
- Dividend payments of 162,894,000 reduced retained earnings.
- Share repurchases of 16,758,000 reduced equity.
- New share issuances of 3,237,000 increased equity.
- Other comprehensive income decreased equity by 24,385,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $534.78 Million | +9.08% |
| Dividends Paid | $162.89 Million | -2.77% |
| Share Repurchases | $16.76 Million | -0.28% |
| Share Issuances | $3.24 Million | +0.05% |
| Other Comprehensive Income | $-24.39 Million | -0.41% |
| Other Changes | $23.33 Million | +0.4% |
| Total Change | $- | 6.46% |
Book Value vs Market Value Analysis
This analysis compares SouthState Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.20x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 13.85x to 1.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $6.65 | $92.14 | x |
| 1996-12-31 | $6.27 | $92.14 | x |
| 1997-12-31 | $6.51 | $92.14 | x |
| 1998-12-31 | $8.93 | $92.14 | x |
| 1999-12-31 | $8.94 | $92.14 | x |
| 2000-12-31 | $9.91 | $92.14 | x |
| 2001-12-31 | $10.95 | $92.14 | x |
| 2002-12-31 | $12.15 | $92.14 | x |
| 2003-12-31 | $13.17 | $92.14 | x |
| 2004-12-31 | $13.88 | $92.14 | x |
| 2005-12-31 | $17.21 | $92.14 | x |
| 2006-12-31 | $16.74 | $92.14 | x |
| 2007-12-31 | $23.11 | $92.14 | x |
| 2008-12-31 | $23.56 | $92.14 | x |
| 2009-12-31 | $23.36 | $92.14 | x |
| 2010-12-31 | $25.94 | $92.14 | x |
| 2011-12-31 | $27.76 | $92.14 | x |
| 2012-12-31 | $34.30 | $92.14 | x |
| 2013-12-31 | $48.89 | $92.14 | x |
| 2014-12-31 | $40.78 | $92.14 | x |
| 2015-12-31 | $43.73 | $92.14 | x |
| 2016-12-31 | $46.85 | $92.14 | x |
| 2017-12-31 | $77.16 | $92.14 | x |
| 2018-12-31 | $64.34 | $92.14 | x |
| 2019-12-31 | $68.20 | $92.14 | x |
| 2020-12-31 | $84.41 | $92.14 | x |
| 2021-12-31 | $67.75 | $92.14 | x |
| 2022-12-31 | $67.50 | $92.14 | x |
| 2023-12-31 | $72.35 | $92.14 | x |
| 2024-12-31 | $76.74 | $92.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SouthState Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.08%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.35%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 7.87x
- Recent ROE (9.08%) is below the historical average (9.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 11.67% | 26.64% | 0.04x | 10.97x | $662.30K |
| 1996 | 11.39% | 13.89% | 0.08x | 10.30x | $670.00K |
| 1997 | 13.73% | 13.24% | 0.10x | 10.49x | $2.01 Million |
| 1998 | 11.17% | 13.09% | 0.08x | 10.10x | $870.00K |
| 1999 | 10.42% | 11.24% | 0.08x | 11.50x | $320.00K |
| 2000 | 12.40% | 12.42% | 0.09x | 11.42x | $2.04 Million |
| 2001 | 13.17% | 13.90% | 0.09x | 11.02x | $2.95 Million |
| 2002 | 13.37% | 16.24% | 0.07x | 11.06x | $3.48 Million |
| 2003 | 13.16% | 16.85% | 0.07x | 10.66x | $3.55 Million |
| 2004 | 11.80% | 15.48% | 0.06x | 12.10x | $2.14 Million |
| 2005 | 11.22% | 14.10% | 0.06x | 12.98x | $1.81 Million |
| 2006 | 12.23% | 12.51% | 0.07x | 13.46x | $3.62 Million |
| 2007 | 10.03% | 12.21% | 0.07x | 12.08x | $58.50K |
| 2008 | 6.44% | 8.53% | 0.07x | 11.30x | $-8.71 Million |
| 2009 | 4.81% | 7.86% | 0.06x | 9.55x | $-14.69 Million |
| 2010 | 15.72% | 27.47% | 0.05x | 10.89x | $18.89 Million |
| 2011 | 5.92% | 10.49% | 0.06x | 10.21x | $-15.58 Million |
| 2012 | 5.92% | 12.31% | 0.05x | 10.12x | $-20.72 Million |
| 2013 | 5.01% | 13.64% | 0.05x | 8.08x | $-48.93 Million |
| 2014 | 7.66% | 16.84% | 0.06x | 7.95x | $-23.05 Million |
| 2015 | 9.39% | 22.11% | 0.05x | 8.08x | $-6.47 Million |
| 2016 | 8.93% | 22.25% | 0.05x | 7.84x | $-12.18 Million |
| 2017 | 3.79% | 15.60% | 0.04x | 6.27x | $-143.34 Million |
| 2018 | 7.56% | 25.22% | 0.05x | 6.20x | $-57.76 Million |
| 2019 | 7.86% | 25.62% | 0.05x | 6.71x | $-50.82 Million |
| 2020 | 2.60% | 9.97% | 0.03x | 8.13x | $-344.16 Million |
| 2021 | 9.90% | 33.56% | 0.03x | 8.71x | $-4.75 Million |
| 2022 | 9.77% | 29.62% | 0.04x | 8.65x | $-11.44 Million |
| 2023 | 8.93% | 22.55% | 0.05x | 8.12x | $-59.00 Million |
| 2024 | 9.08% | 22.35% | 0.05x | 7.87x | $-54.26 Million |
Industry Comparison
This section compares SouthState Corporation's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $22,823,266,317
- Average return on equity (ROE) among peers: 14.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SouthState Corporation (SSB) | $9.01 Billion | 11.67% | 6.33x | $8.91 Billion |
| Ameris Bancorp (ABCB) | $514.76 Million | 7.94% | 9.86x | $4.91 Billion |
| ACNB Corporation (ACNB) | $106.80 Million | 8.72% | 8.79x | $452.68 Million |
| Addiko Bank AG (ADBKF) | $6.08 Billion | 0.58% | 0.00x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $80.78 Million | 3.82% | 9.53x | $79.98 Million |
| Absa Group Limited (AGRPF) | $56.49 Billion | 12.11% | 11.71x | $6.72 Billion |
| AIB Group plc (AIBGY) | $2.74 Billion | 18.02% | 16.84x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $153.61 Billion | 39.08% | 6.47x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $8.37 Billion | 34.92% | 7.81x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $235.94 Million | 14.17% | 11.96x | $248.47 Million |