
South State (SSB) Stock Forecast & Price Target
South State (SSB) Analyst Ratings
Bulls say
SouthState Bank Corp has demonstrated strong loan production with an increase to $3.4 billion, highlighting a significant year-to-date growth of 67% in Texas and Colorado loan production. The bank's financial metrics indicate an improved outlook for earnings, with core PPNR exceeding expectations due to a combination of lower expenses and stronger fee-based income, which is projected to support future profitability. Additionally, guidance suggests an acceleration in net loan growth moving forward, driven by growth in commercial and residential loans, along with favorable outcomes from the IBTX transaction, reinforcing a positive financial trajectory.
Bears say
SouthState Bank Corp's stock outlook has been negatively impacted by a slowdown in year-over-year earnings per share (EPS) growth, attributed to the early recognition of deal-related income and a decline in the core net interest margin (NIM), which fell to 3.48%, missing forecasts. The total purchase accounting adjustment (PAA) of $82.9 million, while exceeding expectations, highlights potential volatility in earnings and credit metrics that could arise from a faster repricing of assets should interest rates decline beyond current forecasts. Additionally, poor integration and execution risks, along with the regulatory environment's influence on the banking industry, contribute to an uncertain financial outlook for SouthState Bank.
This aggregate rating is based on analysts' research of South State and is not a guaranteed prediction by Public.com or investment advice.
South State (SSB) Analyst Forecast & Price Prediction
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