Compared to Estimates, SouthState (SSB) Q1 Earnings: A Look at Key Metrics

For the quarter ended March 2025, SouthState (SSB) reported revenue of $630.64 million, up 51.8% over the same period last year. EPS came in at $2.15, compared to $1.58 in the year-ago quarter.

The reported revenue represents a surprise of +2.35% over the Zacks Consensus Estimate of $616.15 million. With the consensus EPS estimate being $1.43, the EPS surprise was +50.35%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how SouthState performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Net Interest Margin (Non-Tax Equivalent): 3.8% versus 3.6% estimated by three analysts on average.
• Efficiency Ratio: 61% compared to the 57% average estimate based on three analysts.
• Total nonperforming assets: $280.44 million versus $251.43 million estimated by two analysts on average.
• Net charge-offs as a percentage of average loans (annualized): 0.4% versus 0.1% estimated by two analysts on average.
• Average Balance - Total interest-earning assets: $57.50 billion compared to the $58.46 billion average estimate based on two analysts.
• Net Interest Income: $544.55 million compared to the $516.19 million average estimate based on three analysts.
• Total Noninterest Income: $86.09 million versus $88.27 million estimated by three analysts on average.
• Net interest income, tax equivalent (Non-GAAP): $545.33 million compared to the $528.97 million average estimate based on two analysts.

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This article originally published on Zacks Investment Research (zacks.com).

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