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SouthState SSB Net loans

Discontinued — last reported Q2 '22

Net loans at other companies

First Community Corporation logo
First Community CorporationFCCO
$1.53B+23.6%

Other financials

Income statement

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Revenue$672.7M+1.2%
Net income$230.0M+6.9%
EPS (diluted)$2.35+11.4%

Balance sheet

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Cash & equivalents$2.4B-32.2%
Total debt$520.5M+6.6%
Total equity$9.1B+3.8%
Total assets$68.9B+4.6%

Cash flow

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Operating cash flow$299.0M+337%
CapEx$16.1M+25.3%
Free cash flow$283.0M+303%

Valuation

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Market cap$10.59B+12.4%
P/E11.1×-4.8×
P/S3.9×-0.4×

Profitability

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Net margin34.9%+7.7pp
FCF margin24.1%

Returns & leverage

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Return on equity10.6%+2.4pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by SouthState in its filing.

Tagged under the XBRL concept us-gaap:LoansAndLeasesReceivableNetReportedAmount.

The source filing: SouthState’s 10-Q, filed August 5, 2022.

Filed
Aug 5, 2022, 9:29 AM EDT
Fiscal quarter
Q2 FY2022
Calendar quarter
Q2 2022
Accession
0001558370-22-012352
Line itemJune 30, 2022December 31, 2021
Acquired - purchased credit deteriorated loans1,707,5921,987,322
Non-acquired loans19,319,44016,050,775
Less allowance for credit losses(319,708)(301,807)
Loans, net27,615,55823,626,359
Other real estate owned1,4312,736
Bank property held for sale5,6929,578
Premises and equipment, net562,781558,499
Bank owned life insurance ("BOLI")953,970783,049

Item 1. FINANCIAL STATEMENTS

FAQ

What is SouthState's net loans?
SouthState (SSB) reported net loans of $27.62B in Q2 2022.

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