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SouthState SSB Q2 2024 earnings

Reported July 24, 2024 · After market close

Revenue$425.5MMiss by $5.0M
EPS$1.79Beat by $0.25
Revenue estimate$430.5M
EPS estimate$1.54

Next report

Oct 28, 2026 (in 3 months)
Revenue estimate$690.4M
EPS estimate$2.42

Financials

Q2 2024

Income statement

See full
Revenue$425.5M-3.1%
Net income$132.4M+7.2%
EPS (diluted)$1.73+6.8%

Balance sheet

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Cash & equivalents$1.1B-26.2%
Total debt$411.8M+259%
Total equity$5.7B+6.8%
Total assets$45.5B+1.2%

Cash flow

See full
Operating cash flow$126.8M-59.4%
CapEx$9.5M+28.4%
Free cash flow$117.3M-61.5%

Valuation & ratios

Valuation

as of 06/30/24
See full
Market cap$5.83B+16.4%
Enterprise value$5.13B+42.0%
P/E12.2×+2.9×
P/S3.5×+0.6×

Profitability

See full
Net margin28.3%-1.9pp

Returns & leverage

See full
Return on equity8.7%-1.7pp
Debt / equity0.1×+0.1×

Versus estimates

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Questions, answered.

When did SouthState report Q2 2024 earnings?
SouthState (SSB) reported Q2 2024 earnings on July 24, 2024 after market close.
What were SouthState's Q2 2024 revenue and EPS?
SouthState reported revenue of $425.5M and eps of $1.79 for Q2 2024.
Did SouthState beat estimates in Q2 2024?
Revenue missed the consensus estimate of $430.5M by $5.0M. EPS beat the consensus estimate of $1.54 by $0.25.
Where can I find SouthState's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0001558370-24-010655) directly on SEC EDGAR. The filing index links above go to sec.gov.