South State Corporation

Financial Services advisory banks financial management holding company investment lending mortgages payments

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.

Revenue(FY, 2016)

$333.2 M

Market capitalization(2018-06-14)

$3.3 B

Total Loans(Q2, 2017)

$8.2 B

Type

Public

Columbia, US

Founded

1934

Size (employees)

2,255 (est)+11%

Website

southstatebank.com

South State Corporation was founded in 1934 and is headquartered in Columbia, US

Report incorrect company information

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

Show all (16)

Report incorrect company information

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.

Summary

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.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	286.3 m	342 m	338.1 m	333.2 m
Revenue growth, %		19%	(1%)	(1%)
Cost of goods sold			10.3 m	8.3 b
Gross profit			327.8 m	(8 b)

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Revenue	99 m	108 m	109.2 m	108.8 m	110.5 m	114.8 m	115.3 m	113.9 m	115.5 m	118.6 m	137.4 m	140.4 m	181.6 m
Cost of goods sold	4 m	4 m	3.9 m	4 m	2.9 m	2.5 m	2.5 m	2.2 m	2 m	2 m	3.6 m	3.7 m	9.1 m
Gross profit	94.9 m	104 m	105.4 m	104.8 m	107.6 m	112.4 m	112.8 m	111.6 m	113.5 m	116.6 m	133.8 m	136.6 m	172.5 m
Gross profit Margin, %	96%	96%	96%	96%	97%	98%	98%	98%	98%	98%	97%	97%	95%

show all

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	479.5 m	417.9 m	695.8 m	374.4 m
Accounts Receivable				36.2 m
PP&E	188.1 m	171.8 m	174.5 m	183.5 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q1, 2018
Cash	645.2 m	612.6 m	589.5 m	503 m	630.7 m	593.4 m	889.4 m	697.3 m	481.9 m	507.5 m	663.1 m	431.9 m	644.5 m
Accounts Receivable	31 m	4.7 m	6.4 m	7.4 m	7.7 m	7.1 m	7.3 m	250.2 m	8.1 m	66.3 m	348.6 m	185.5 m	362.8 m
PP&E	185 m	187.1 m	184.1 m	173.4 m	171.6 m	171.6 m	174.7 m	176.4 m	178 m	179.5 m	203.5 m	201.5 m	253.6 m
Goodwill	319.2 m	319.1 m	317.4 m	317.7 m	317.7 m	317.7 m	338.3 m	338.3 m	338.3 m	338.3 m	595.7 m	595.8 m	999.6 m

show all

Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	49.2 m	75.4 m	99.5 m	101.3 b
Depreciation and Amortization	17.5 m	21.2 m	8.3 m	7.6 b
Accounts Payable	(1.7 m)	(2.4 m)

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q1, 2018
Net Income	12.1 m	16.9 m	17.9 m	19.3 m	23.9 m	24.9 m	25.1 m	24.5 m	24.5 m	28.1 m	18.3 m	42.3 m
Depreciation and Amortization			2.1 m	2.1 m	2 m	2 m	2.1 m	1.9 m	1.9 m	1.9 m	2.5 m	8.9 m
Accounts Payable												775 k
Cash From Operating Activities												105.7 m

show all

Ratios

USD	Y, 2018
Financial Leverage	6.3 x

Show all financial metrics

South State Corporation Operating Metrics

South State Corporation's Total Loans was reported to be $8.2b in Q2, 2017.

	FY, 2014	Q1, 2015	Q2, 2015	Q3, 2015	FY, 2015	Q1, 2016	Q2, 2016	Q3, 2016	FY, 2016	Q1, 2017	Q2, 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