South State Corporation operates as the bank holding company for South State Bank that provides a range of retail and commercial banking services, mortgage lending services, trust and investment services, and consumer finance loans. It accepts demand deposits, savings deposits, interest-bearing demand deposits, certificates of deposit and other time deposits, as well as offers lending and credit card, ATM processing, and wealth management and trust services. The Company also provides investment advisory and broker dealer services.

Type
Public
HQ
Columbia, US
Founded
1934
Size (employees)
2,255 (est)+11%
South State Corporation was founded in 1934 and is headquartered in Columbia, US
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South State Corporation Office Locations

South State Corporation has offices in Raleigh, Fort Mill, Canton, Wilmington and in 12 other locations
Columbia, US (HQ)
520 Gervais St
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South State Corporation Financials and Metrics

South State Corporation Financials

South State Corporation's revenue was reported to be $333.16 m in FY, 2016 which is a 1.5% decrease from the previous period.
USD

Revenue (Q1, 2018)

181.6 m

Gross profit (Q1, 2018)

172.5 m

Gross profit margin (Q1, 2018), %

95%

Net income (Q1, 2018)

42.3 m

EBIT (Q1, 2018)

126.5 m

Market capitalization (14-Jun-2018)

3.3 b

Closing share price (14-Jun-2018)

89.3

Cash (31-Mar-2018)

644.5 m
South State Corporation's current market capitalization is $3.3 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

286.3 m342 m338.1 m333.2 m

Revenue growth, %

19%(1%)(1%)

Cost of goods sold

10.3 m8.3 b

Gross profit

327.8 m(8 b)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

99 m108 m109.2 m108.8 m110.5 m114.8 m115.3 m113.9 m115.5 m118.6 m137.4 m140.4 m181.6 m

Cost of goods sold

4 m4 m3.9 m4 m2.9 m2.5 m2.5 m2.2 m2 m2 m3.6 m3.7 m9.1 m

Gross profit

94.9 m104 m105.4 m104.8 m107.6 m112.4 m112.8 m111.6 m113.5 m116.6 m133.8 m136.6 m172.5 m

Gross profit Margin, %

96%96%96%96%97%98%98%98%98%98%97%97%95%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

479.5 m417.9 m695.8 m374.4 m

Accounts Receivable

36.2 m

PP&E

188.1 m171.8 m174.5 m183.5 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

645.2 m612.6 m589.5 m503 m630.7 m593.4 m889.4 m697.3 m481.9 m507.5 m663.1 m431.9 m644.5 m

Accounts Receivable

31 m4.7 m6.4 m7.4 m7.7 m7.1 m7.3 m250.2 m8.1 m66.3 m348.6 m185.5 m362.8 m

PP&E

185 m187.1 m184.1 m173.4 m171.6 m171.6 m174.7 m176.4 m178 m179.5 m203.5 m201.5 m253.6 m

Goodwill

319.2 m319.1 m317.4 m317.7 m317.7 m317.7 m338.3 m338.3 m338.3 m338.3 m595.7 m595.8 m999.6 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

49.2 m75.4 m99.5 m101.3 b

Depreciation and Amortization

17.5 m21.2 m8.3 m7.6 b

Accounts Payable

(1.7 m)(2.4 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

12.1 m16.9 m17.9 m19.3 m23.9 m24.9 m25.1 m24.5 m24.5 m28.1 m18.3 m42.3 m

Depreciation and Amortization

2.1 m2.1 m2 m2 m2.1 m1.9 m1.9 m1.9 m2.5 m8.9 m

Accounts Payable

775 k

Cash From Operating Activities

105.7 m
USDY, 2018

Financial Leverage

6.3 x
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South State Corporation Operating Metrics

South State Corporation's Total Loans was reported to be $8.2b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Non-performing Loans

$28.52 m$27.57 m$24.66 m$23.87 m$18.75 m$19.24 m$18.37 m$15.01 m$14.75 m$13.04 m$13.50 m

Total Loans

$5.70 b$5.70 b$5.79 b$5.88 b$6 b$6.17 b$6.42 b$6.53 b$6.60 b$7.91 b$8.18 b
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South State Corporation Online and Social Media Presence

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South State Corporation News and Updates

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