South State Corporation

South State Bank is the result of five community banks, with rich histories and shared values, all coming together to create one strong regional bank rooted in the South. The Bank is run by Southeastern Bank Financial Corporation and offers a range of lending services, including real estate, commercial and consumer loans.

Type
Public
HQ
Columbia, US
Size (employees)
2,032 (est)
South State Corporation is headquartered in Columbia, US

South State Corporation Office Locations

South State Corporation has offices in Columbia, Charleston, Cleveland, Greenville and in 11 other locations
Columbia, US (HQ)
520 Gervais St
Show all (15)

South State Corporation Data and Metrics

South State Corporation Financial Metrics

South State Corporation's revenue was reported to be $137.4 m in Q1, 2017
USD

Revenue (Q1, 2017)

137.4 m

Gross profit (Q1, 2017)

133.8 m

Gross profit margin (Q1, 2017), %

97%

Net income (Q1, 2017)

18.3 m

EBIT (Q1, 2017)

93.7 m

Market capitalization (18-Aug-2017)

2.4 b

Cash (31-Mar-2017)

663.1 m
South State Corporation's current market capitalization is $2.4 b.
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)

Gross profit Margin, %

97%(2396%)

Sales and marketing expense

164.7 b

Operating expense total

287.1 m294.3 b

EBIT

321.9 m318 b

EBIT margin, %

95%95457%

Pre tax profit

150.4 m154 b

Income tax expense

50.9 m52.8 b

Net Income

49.2 m75.4 m99.5 m101.3 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

109.2 m108.8 m110.5 m114.8 m115.3 m113.9 m115.5 m118.6 m137.4 m

Cost of goods sold

3.9 m4 m2.9 m2.5 m2.5 m2.2 m2 m2 m3.6 m

Gross profit

105.4 m104.8 m107.6 m112.4 m112.8 m111.6 m113.5 m116.6 m133.8 m

Gross profit Margin, %

96%96%97%98%98%98%98%98%97%

Sales and marketing expense

40.3 m40 m41 m39.8 m40 m41.4 m40.5 m42 m48.9 m

Operating expense total

40.3 m40 m41 m39.8 m40 m41.4 m40.5 m42 m48.9 m

EBIT

78.8 m78.3 m80.2 m79.1 m81.9 m79 m78.7 m80.3 m93.7 m

EBIT margin, %

72%72%73%69%71%69%68%68%68%

Pre tax profit

27.3 m27.7 m36.3 m37.7 m38.5 m37.1 m36.9 m42.5 m

Income tax expense

9.4 m8.3 m12.3 m12.8 m13.4 m12.6 m12.4 m14.4 m7.1 m

Net Income

17.9 m19.3 m23.9 m24.9 m25.1 m24.5 m24.5 m28.1 m18.3 m
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

Goodwill

319.4 m317.7 m338.3 m338.3 m

Total Assets

7.9 b7.8 b8.6 b8.9 b

Accounts Payable

7.3 b

Total Liabilities

7.8 b

Retained Earnings

168.6 m223.2 m298.9 m370.9 m

Total Equity

981.5 m984.9 m1.1 b1.1 b

Financial Leverage

8.1 x7.9 x8.1 x7.8 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

589.5 m503 m630.7 m593.4 m889.4 m697.3 m481.9 m507.5 m663.1 m

Accounts Receivable

6.4 m7.4 m7.7 m7.1 m7.3 m250.2 m8.1 m66.3 m348.6 m

PP&E

184.1 m173.4 m171.6 m171.6 m174.7 m176.4 m178 m179.5 m203.5 m

Goodwill

317.4 m317.7 m317.7 m317.7 m338.3 m338.3 m338.3 m338.3 m595.7 m

Total Assets

8 b7.9 b8 b8.1 b8.5 b8.7 b8.7 b8.8 b11.2 b

Accounts Payable

6.6 b6.5 b6.6 b6.7 b7.1 b7.2 b7.2 b7.2 b9 b

Retained Earnings

193 m207.2 m241.5 m260.6 m279.7 m316.6 m333.9 m354.5 m379.5 m

Total Equity

953 m967 m1 b1 b1 b1.1 b1.1 b1.1 b1.6 b

Financial Leverage

8.4 x8.1 x8 x7.9 x8.1 x8 x7.9 x7.8 x7.1 x
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 Receivable

953 k(3.4 m)

Accounts Payable

(1.7 m)(2.4 m)

Cash From Operating Activities

149.5 m118.6 m

Cash From Investing Activities

511.3 m(9.5 m)

Long-term Borrowings

(255.4 m)(1.2 m)

Dividends Paid

(1.4 m)(1.1 m)

Cash From Financing Activities

(562.2 m)(170.7 m)

Interest Paid

14.1 m16.7 m

Income Taxes Paid

16.4 m36 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

17.9 m19.3 m23.9 m24.9 m25.1 m24.5 m24.5 m28.1 m18.3 m

Depreciation and Amortization

2.1 m2.1 m2 m2 m2.1 m1.9 m1.9 m1.9 m2.5 m
Y, 2017

Financial Leverage

7.1 x

South State Corporation Market Value History

Traffic Overview of South State Corporation

South State Corporation Online and Social Media Presence

South State Corporation News and Updates

BRIEF-South State Corp announces merger with Southeastern Bank Financial Corp

* Shareholders of Southeastern Bank Financial Corporation will receive 0.7307 shares of SSB common stock for each share of SBFC common stock

South State Corporation Company Life and Culture

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