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.
View all Key Company Metrics for SouthState here>>>
Shares of SouthState have returned -5.6% over the past month versus the Zacks S&P 500 composite's -5.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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SouthState Corporation (SSB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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