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SouthState Corporation (SSB) fair value: what the stock is really worth

We calculate from audited financials what SouthState Corporation is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Financial Services · US · ISIN US84472E1029

SC SouthState Corporation logo Some data Sep 18, 2026

SouthState Corporation

SSB · US

Weak valuationQuality is weak on top of the rich price.

!Fair value $73.12 · Overvalued (−29%)
!Quality 27/100
!Expensive Growth (revenue 5y +25.4 %/yr)
✓Highly profitable · 35.0% net margin (TTM)
!Low debt · negative free cash flow
·2.26% dividend yield
✓Ranks above peers (10/14)
✓Wide moat 67/100
!Insider activity 40/100
!Evidence only medium, so the estimate is less certain
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$111.59 $56.00 Fair Value $73.12 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.

How to read this chart

60‑month range $56.00 – $111.59 · fair‑value band $59.38 – $98.02 · the $103.44 price screens above the $73.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.

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Company profile

SouthState 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.

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SouthState 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. In addition, the company offers commercial real estate, residential real estate, and commercial and industrial loans, as well as consumer loans, including auto, boat, and personal installment, as well as business, agriculture, real estate-secured (mortgage), home improvement, and manufactured housing loans. Further, it provides debit and credit card, mobile services, funds transfer products and services, and treasury management services comprising merchant, automated clearing house, lock-box, remote deposit capture, and other treasury services, as well as asset and wealth management, and other fiduciary and private banking services. Additionally, the company offers safe deposit boxes, bank money orders, wire transfer and ACH services, brokerage services, and alternative investment products, such as annuities and mutual funds, trust and asset management services; letters of credit and home equity lines of credit; and online, mobile, and telephone banking platforms. The company was formerly known as SouthState Corporation and changed its name to SouthState Bank Corporation in September 2025. SouthState Bank Corporation was founded in 1933 and is headquartered in Winter Haven, Florida.

Stock analysis

SouthState Corporation (SSB) currently trades at $103.44, while our model-based Fair Value estimate is $73.12, implying the stock looks roughly 41.5% overvalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of $106.31 per share, and 2 of the 6 models we run sit above the $103.44 price.

Bear case: the Dividend Discount group reads lowest at $35.82, and 4 of the 6 models stay below the price. Evidence for this calculation is medium.

Scenario range: $59.38 (bear) to $98.02 (bull), the price of $103.44 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 27/100 (below-average quality), in the Financial Services sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

SouthState Corporation reported revenue of $3.8B in FY2025 versus $1.4B in FY2021, a compound +27.6%/yr. Reported net income was $799M in FY2025, compounding +13.8%/yr from FY2021.

Key figures

Market cap $10.4B · P/E ratio 11.0 · P/S ratio 2.33 · EPS (TTM) $9.44 · Dividend yield 2.3% · Net margin 21.3% · Return on equity 10.6% · Return on assets (EBIT) 1.5%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).

What moves the price

The share trades about 4% below its 52-week high and 25% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at −29%, SSB screens cheaper than that median.

Fair Value models

Bear $59.38 Fair Value $73.12 Bull $98.02
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($5.15 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Residual Income $77.75 $84.11 $103.75 76
Gordon GGM $20.80 $41.44 $62.76 67
DDM Multi-Stage $20.80 $35.82 $43.75 67
All 6 models by family
Dividend Discount
Gordon GGM $20.80 $41.44 $62.76 67
DDM Multi-Stage $20.80 $35.82 $43.75 67
Multiples
P/E Multiple $79.73 $106.31 $132.88 63
P/B Multiple $97.39 $129.86 $162.32 55
Asset-Based
NCAV (Graham) $46.38 $62.15 $92.75 54
Economic Profit
Residual Income $77.75 $84.11 $103.75 76

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Quality Score breakdown

Overall quality 27/100

Of which business quality 20 · Market factors (momentum, volatility) 64

Profitability 32
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 3
Balance sheet, leverage, solvency risk
Investment 41
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 60
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+57.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+30.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+25.4%
Revenue growth 30 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.6%
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+10.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+8.2%
Dividend (yield on the price)2.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.8% vs 7%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9% → 28%

SSB screens 41% overvalued. Compare with DBS Group →

Earlier news

News mood ⓘNews mood, the average tone of recent news (99 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation. Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 1073 stocks

Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 23 · Bottom 25%
Fair Value upside −27% · Below median
Profitability
Return on equity (TTM) 11% · Above median
Return on assets 1% · Top 25%
Net margin (TTM) 35% · Above median
Operating margin (TTM) 50% · Top 25%
Growth and dividend
Revenue growth 23% · Top 25%
Dividend yield (TTM) 2.3% · Below median
Balance sheet
Debt / equity 0.08× · Lowest 25%

Valuation Multiplesvs Banks - Regional median · lower = cheaper

P/E (TTM) 11.0× · Cheaper than median
P/B 1.07× · Cheaper than median
P/S (TTM) 3.62× · Pricier than median
EV/EBITDA 8.4× · Cheaper than median
PEG 1.45× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 11
FUTURE (revenue growth)100 · sector 44
PAST (return on equity)42 · sector 41
HEALTH (low debt)96 · sector 85
DIVIDEND (yield)45 · sector 53

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
DBS Group DBS19 20.20 THB 6.69 THB −67%
China Merchants Bank Co 3968 HK$51.35 HK$78.59 +53%
Intesa Sanpaolo S.p.A ISP €6.74 €4.04 −40%
HDFC Bank Limited HDB $23.34 $15.75 −33%
BNP Paribas SA BNP €102.32 €105.99 +4%
UniCredit S.p.A UCG €82.92 €77.62 −6%
Mizuho Financial Group MFG $11.15 $9.67 −13%
ICICI Bank Limited ICICIBANK ₹1,359 ₹636.31 −53%
The PNC Financial Services Group PNC $231.49 $159.52 −31%
Oversea-Chinese Banking Corporation O39 31.28 SGD 19.80 SGD −37%

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SouthState Corporation · Fair Value
$73.12 −41%Fair Value
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Cite: Fair Value Calculator (2026). "SouthState Corporation Fair Value". https://www.fairvalue-calculator.com/stock/SSB

Frequently asked questions

Is SouthState Corporation (SSB) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of $73.12 versus a price of $103.44, about −29% upside (overvalued).
What is the fair value of SSB?
Our model-based fair value for SouthState Corporation is $73.12 (as of Sep 18, 2026), built from audited fundamentals. The current price: $103.44.
What is the quality score of SSB?
SouthState Corporation has a Quality Score of 27/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for SouthState Corporation (SSB)?
Our model-based price target is the fair value of $73.12 (as of Sep 18, 2026) from 6 valuation models. Cautious scenario $59.38, optimistic scenario $98.02. It is a calculation from audited fundamentals, not an analyst target.
What is the SouthState Corporation stock forecast for 2026?
Our models put fair value at $73.12, about −29% upside versus a price of $103.44 (overvalued). Cautious scenario $59.38, optimistic scenario $98.02. The calculation is refreshed regularly with new filings.
What is the revenue of SouthState Corporation (SSB)?
SouthState Corporation reported trailing-twelve-month revenue of about $2.7B (latest available figure, as of Sep 18, 2026).
Does SouthState Corporation pay a dividend?
SouthState Corporation currently shows a dividend yield of about 2.26% relative to its recent price (as of Sep 18, 2026).
What is the intrinsic value of SouthState Corporation (SSB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SouthState Corporation it is $73.12 per share (as of Sep 18, 2026), against a price of $103.44. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is SouthState Corporation stock overvalued or undervalued in 2026?
As of Sep 18, 2026, SSB trades above its calculated fair value: price $103.44, fair value $73.12, a gap of about −29% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SSB?
No. The price is what the market pays today ($103.44); the fair value is what the company's own numbers justify ($73.12). For SouthState Corporation the two are $30.32 per share apart. That gap is exactly why we show both numbers side by side.
How much is SouthState Corporation worth?
The market values SouthState Corporation at about $10.4B (market capitalisation, as of Sep 18, 2026). Per share that is $103.44; our models calculate a fair value of $73.12 per share.
What do the bullish and bearish scenarios say about SSB?
Our models span a range for SouthState Corporation: cautious scenario $59.38, base $73.12, optimistic $98.02 per share (as of Sep 18, 2026, price $103.44). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SSB?
SouthState Corporation trades at a price-to-earnings ratio of 11.0 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $73.12 is built from several models across several years. Other multiples: PEG 1.5, P/B 1.1, P/S 3.6, EV/EBITDA 8.4.
What is the PEG ratio of SSB?
The PEG ratio of SouthState Corporation is 1.45 (P/E divided by earnings growth, as of Sep 18, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of SouthState Corporation (SSB)?
Balance-sheet figures for SouthState Corporation (as of Sep 18, 2026): return on equity 10.6%, debt of 0.08 per unit of equity. They feed the Quality Score of 27/100, which measures business quality independently of the share price.
How far is SSB from its 52-week high?
SouthState Corporation trades at $103.44, about 4% below its 52-week high of $107.79 and 25% above the low of $82.45 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of $73.12 is for.
Which stocks are comparable to SouthState Corporation?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, Intesa Sanpaolo S.p.A, HDFC Bank Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is SouthState Corporation stock attractive at the current price?
The data as of Sep 18, 2026: price $103.44, calculated fair value $73.12 (−29%), Quality Score 27/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SSB calculated?
We run SouthState Corporation through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $73.12, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. SouthState Corporation itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of SouthState Corporation (SSB)?
The closing price on Sep 18, 2026 was $103.44. Our model-based fair value is $73.12, about −29% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SouthState Corporation right now?
The price sits above even our optimistic bull case ($98.02). The favourable scenario is already priced in. Weak quality (27/100) and above fair value at the same time, the margin of safety is missing on both counts. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of SouthState Corporation (SSB) come from?
Earnings per share at SouthState Corporation grew +7.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.5 %, EBIT margin −0.8 %, tax rate +1.7 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of SouthState Corporation

How large is the market capitalisation of SouthState Corporation (SSB)?
The market capitalisation of SouthState Corporation is $10.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of SouthState Corporation (SSB)?
The price-to-sales ratio of SouthState Corporation is 2.33 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of SouthState Corporation (SSB)?
Earnings per share at SouthState Corporation are $9.44 (price ÷ EPS = P/E 11.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SouthState Corporation (SSB)?
The dividend yield of SouthState Corporation is 2.3% (payout 24.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of SouthState Corporation (SSB)?
The net margin of SouthState Corporation is 21.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of SouthState Corporation (SSB)?
The return on equity (ROE) of SouthState Corporation is 10.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of SouthState Corporation (SSB)?
On an EBIT basis the return on assets of SouthState Corporation is 1.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of SouthState Corporation (SSB)?
The operating margin of SouthState Corporation is 50.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SouthState Corporation (SSB)?
Revenue at SouthState Corporation is growing +22.8% versus a year earlier (3y avg +30.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at SouthState Corporation (SSB)?
Earnings per share at SouthState Corporation are growing +162% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does SouthState Corporation (SSB) generate?
The free cash flow of SouthState Corporation is −$542M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does SouthState Corporation (SSB) carry?
The net debt of SouthState Corporation is $731M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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