SouthState Bank Corporation (NYSE:SSB) Declares $0.60 Quarterly Dividend

SouthState Bank Corporation (NYSE:SSB) announced a quarterly dividend on Thursday, April 23rd. Stockholders of record on Friday, May 8th will be paid a dividend of 0.60 per share on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, May 8th.

SouthState Bank has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 13 consecutive years.

SouthState Bank Stock Performance

Shares of NYSE SSB opened at $98.11 on Friday. The company has a market cap of $9.62 billion, a PE ratio of 12.48 and a beta of 0.75. SouthState Bank has a 12 month low of $84.47 and a 12 month high of $108.46. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.93 and a quick ratio of 0.92. The company has a 50-day simple moving average of $96.32 and a 200-day simple moving average of $95.46.

SouthState Bank (NYSE:SSB) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.07. The business had revenue of $661.70 million during the quarter, compared to the consensus estimate of $669.29 million. SouthState Bank had a net margin of 21.26% and a return on equity of 10.86%. During the same period in the previous year, the firm posted $0.87 earnings per share. On average, equities analysts anticipate that SouthState Bank will post 9.54 earnings per share for the current year.

SouthState Bank Company Profile

SouthState Bank (NYSE: SSB) is a bank holding company headquartered in Winter Haven, Florida, that provides a range of commercial and retail banking services. Through its subsidiary, SouthState Bank, the company serves businesses, institutions and individuals with deposit, lending and treasury management solutions. Its core business lines include commercial and industrial loans, commercial real estate lending, consumer mortgages and home equity loans.

In addition to traditional lending and deposit products, SouthState Bank offers specialized services such as treasury and cash management, merchant services, payment solutions and online banking.