Analyst Consensus ?
ConsensusBuy20 ratings
Bullish1470.0%
Neutral630.0%
Bearish00.0%
SouthState Bank Corp. · SSB · FY2025 Q1 · Calendar Q2 2025
SouthState: NIM strength supports a confident outlook, with risks
The supplied call analysis is constructive: stronger NIM, a robust loan pipeline, capital flexibility, and lower-than-projected expenses support management’s confident outlook. The counterweight is that accretion income is expected to decline and macro, deposit, pricing, and credit risks remain material.
Reported Before market openNYSEFinancial Services
$10.23B market cap
70quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $1.43
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $612.1M
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+1.2%
Event window
SPY move
+2.1%
Same window
Abnormal move
-0.9%
Stock minus SPY
Volume
1.0×
Versus trailing sessions
Subsequent drift
-2.0%
Up to 20 sessions
SSBSPY benchmark
Ask FN2 about SSB FY2025 Q1
Transcript, numbers and history already loaded
What drove SSB's +1.2% move after FY2025 Q1 earnings?What changed in SSB's guidance and outlook in FY2025 Q1?Give me the bull and bear case for SSB after FY2025 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management raised the NIM outlook after a 3.85% result, while the IBTX balance-sheet reset improved capital ratios. The analysis also identifies a stronger loan pipeline and lower-than-projected expenses, alongside greater emphasis on tariff, deposit, accretion, and credit risks.
Guidance delta
NIM beat prior guidance at 3.85%; management’s outlook is now 3.80–3.90%.
Key takeaways
- NIM came in at 3.85%, above prior guidance, with the outlook reset to 3.80–3.90%.
- The IBTX balance-sheet reset left CET1 at 11% and increased capital flexibility.
- Accretion income was about $55 million per quarter but is expected to decline as loans mature.
- Non-interest expense was below projection because of delayed hiring and early cost savings.
- The loan pipeline grew 44% year over year, led by Atlanta and Florida.
Management priorities
- Complete the IBTX conversion by Memorial Day weekend
- Continue recruiting bankers in Texas, Colorado, and other target markets
- Implement new treasury-management software and expand middle-market teams
- Consider dividend increases, share buybacks, or M&A for capital deployment
- Maintain loan-production growth while monitoring tariff effects on the pipeline
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$105.51Current
$90Low
$113.83Average
$127High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 24, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Truist Securities | Buy | Buy | Maintain | Oct 9, 2026 |
| TD Cowen | Buy | Buy | Maintain | Oct 5, 2026 |
| Barclays | Overweight | Overweight | Maintain | Oct 5, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Oct 1, 2026 |
| Citigroup | Buy | Buy | Maintain | Jul 28, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Jul 27, 2026 |
| DA Davidson | Buy | Buy | Maintain | Jun 10, 2026 |
| Jefferies | Buy | Buy | Maintain | Feb 2, 2026 |
| Stephens & Co. | Overweight | Overweight | Maintain | Jan 26, 2026 |
| Raymond James | Strong Buy | Strong Buy | Maintain | Jan 7, 2026 |
| UBS | Buy | Buy | Maintain | Nov 5, 2025 |
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | May 6, 2025 |
| Hovde Group | Market Perform | Outperform | Downgrade | Nov 13, 2024 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | May 5, 2020 |
| Keefe Bruyette & Woods | Market Perform | Outperform | Downgrade | Apr 25, 2018 |
| FIG Partners | Outperform | Outperform | Maintain | Jan 25, 2016 |
| PiperJaffray | Neutral | Neutral | Maintain | Sep 21, 2015 |
| Wunderlich Securities | Hold | Buy | Downgrade | Jun 22, 2015 |
| Wunderlich | Hold | Buy | Downgrade | Jun 22, 2015 |
| Sandler O'Neill | Hold | Buy | Downgrade | Jan 27, 2015 |
Named analyst price targets
Upside is calculated against the persisted current price $105.51. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Truist Financial | Analyst unavailable | $113 | $100.57 | +7.1% | Oct 9, 2026 |
| Barclays | Analyst unavailable | $120 | $101.91 | +13.7% | Oct 5, 2026 |
| Truist Financial | Analyst unavailable | $118 | $105.68 | +11.8% | Jul 28, 2026 |
| Stephens | Analyst unavailable | $116 | $105.9 | +9.9% | Jul 27, 2026 |
| Piper Sandler | Stephen Scouten | $125 | $106 | +18.5% | Jul 27, 2026 |
| Piper Sandler | Stephen Scouten | $120 | $104.4 | +13.7% | Jul 24, 2026 |
| Barclays | Analyst unavailable | $118 | $100.28 | +11.8% | Jul 7, 2026 |
| UBS | Analyst unavailable | $108 | $100.84 | +2.4% | Jul 7, 2026 |
| Fundamental Research | Analyst unavailable | $120 | $99.9 | +13.7% | Jul 1, 2026 |
| Truist Financial | John McDonald | $108 | $94.86 | +2.4% | Apr 27, 2026 |
| Barclays | Analyst unavailable | $123 | $94.86 | +16.6% | Apr 27, 2026 |
| Truist Financial | Analyst unavailable | $110 | $91.96 | +4.3% | Mar 26, 2026 |
| UBS | Analyst unavailable | $121 | $105.56 | +14.7% | Feb 4, 2026 |
| Stephens | Russell Gunther | $120 | $99.86 | +13.7% | Jan 26, 2026 |
| D.A. Davidson | Analyst unavailable | $119 | $99.8 | +12.8% | Jan 26, 2026 |
| Barclays | Analyst unavailable | $126 | $100.19 | +19.4% | Jan 26, 2026 |
| Barclays | Analyst unavailable | $122 | $97.33 | +15.6% | Dec 19, 2025 |
| Barclays | Analyst unavailable | $125 | $88.86 | +18.5% | Nov 11, 2025 |
| UBS | Nicholas Holowko | $120 | $87.91 | +13.7% | Nov 5, 2025 |
| Stephens | Analyst unavailable | $110 | $90.47 | +4.3% | Oct 27, 2025 |
| Piper Sandler | Analyst unavailable | $118 | $90.47 | +11.8% | Oct 27, 2025 |
| D.A. Davidson | Gary Tenner | $117 | $90.38 | +10.9% | Oct 23, 2025 |
| Barclays | Analyst unavailable | $128 | $100.01 | +21.3% | Oct 8, 2025 |
| Raymond James | Analyst unavailable | $120 | $100.76 | +13.7% | Oct 7, 2025 |
| National Bank | Analyst unavailable | $127 | $100.24 | +20.4% | Sep 24, 2025 |
| Raymond James | Analyst unavailable | $110 | $87.49 | +4.3% | Apr 28, 2025 |
| Raymond James | Strong Buy | $115 | $94.67 | +9.0% | Apr 2, 2025 |
| Stephens | Russell Gunther | $105 | $98.47 | -0.5% | Oct 29, 2024 |
| Truist Financial | Brandon King | $103 | $98.06 | -2.4% | Oct 28, 2024 |
| Truist Financial | Brandon King | $109 | $100.18 | +3.3% | Jul 29, 2024 |
| Stephens | Russell Gunther | $101 | $100.18 | -4.3% | Jul 29, 2024 |
| D.A. Davidson | Gary Tenner | $112 | $98.88 | +6.2% | Jul 26, 2024 |
| Piper Sandler | Stephen Scouten | $98 | $75.57 | -7.1% | May 29, 2024 |
| Raymond James | Michael Rose | $90 | $79.87 | -14.7% | May 21, 2024 |
| Piper Sandler | Stephen Scouten | $95 | $77.7 | -10.0% | Apr 29, 2024 |
| Piper Sandler | Stephen Scouten | $96 | $77.63 | -9.0% | Sep 28, 2022 |
| Truist Financial | Jennifer Demba | $90 | $75.6 | -14.7% | Jun 15, 2022 |
Track every rating change on SSB the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationSouthState Bank Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States. The company offers checking accounts, savings accounts, money market accounts, and time deposit accounts; interest-bearing deposits, certificates of deposits, and other time deposits; and interest-bearing transaction accounts. It provides bond accounting services for correspondents, asset/liability consulting related activities, international wires, and other clearing and corporate checking account services.…
Historical context
All SSB earningsFinancial Services peers this season
Latest reports in the same sector
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the SSB recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-04-10T00:01:43.729046+00:00
- Polygon adjusted daily market bars · 2026-10-24T12:10:46.734361+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-24T12:10:46.731585+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-24. For educational purposes only; not investment advice.