SouthState (SSB) financial statements
SouthState reported revenue of $2.7B in fiscal 2025, up 22.1% a year over 9 years.
Net income was $799M.
Free cash flow was $231M, and the company returned $231M in dividends and $236M in net buybacks.
The diluted share count rose 319% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SouthState's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $446M | $549M | $659M | $648M | $1.1B | $1.4B | $1.6B | $1.7B | $1.7B | $2.7B |
| Interest expense | $8M | $17M | $54M | $87M | $84M | $52M | $61M | $492M | — | — |
| Pre-tax income | $154M | $169M | $224M | $230M | $104M | $604M | $633M | $631M | $700M | $1.0B |
| Income tax | $53M | $81M | $45M | $44M | -$17M | $129M | $137M | $137M | $165M | $242M |
| Net income | $101M | $88M | $179M | $186M | $121M | $476M | $496M | $494M | $535M | $799M |
| EPS (diluted) | $4.18 | $2.93 | $4.86 | $5.36 | $2.19 | $6.71 | $6.60 | $6.46 | $6.97 | $7.87 |
| Diluted shares | 24M | 30M | 37M | 35M | 55M | 71M | 75M | 76M | 77M | 101M |
| Net margin | 22.7% | 15.9% | 27.1% | 28.8% | 10.6% | 34.3% | 30.2% | 28.4% | 31.1% | 29.8% |
Balance sheet
Fiscal years, from SouthState's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $374M | $378M | $409M | $689M | $4.6B | $6.7B | $1.3B | $999M | $1.4B | $3.2B |
| Property, plant and equipment | $184M | $256M | $241M | $317M | $579M | $558M | $521M | $519M | $503M | $994M |
| Goodwill | $338M | $1000M | $1.0B | $1.0B | $1.6B | $1.6B | $1.9B | $1.9B | $1.9B | $3.1B |
| Total assets | $8.9B | $14.5B | $14.7B | $15.9B | $37.8B | $41.8B | $43.9B | $44.9B | $46.4B | $67.2B |
| Long-term debt | $55M | — | — | — | — | — | — | — | — | — |
| Total liabilities | $7.8B | $12.2B | $12.3B | $13.5B | $33.1B | $37.0B | $38.8B | $39.4B | $40.5B | $58.1B |
| Shareholders' equity | $1.1B | $2.3B | $2.4B | $2.4B | $4.6B | $4.8B | $5.1B | $5.5B | $5.9B | $9.1B |
| Net debt | -$319M | -$378M | -$409M | -$689M | -$4.6B | -$6.7B | -$1.3B | -$999M | -$1.4B | -$3.2B |
Cash flow
Fiscal years, from SouthState's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $138M | $198M | $284M | $181M | $537M | $416M | $1.7B | $547M | $512M | $301M |
| Capital spending | $26M | $15M | $15M | $16M | $17M | $28M | $18M | $39M | $36M | $70M |
| Free cash flow | $112M | $183M | $269M | $165M | $520M | $387M | $1.7B | $508M | $476M | $231M |
| Stock-based compensation | $6M | $7M | $9M | $9M | $23M | $26M | $36M | $36M | $28M | $37M |
| Dividends paid | $29M | $39M | $51M | $58M | $98M | $135M | $147M | $156M | $163M | $231M |
| Share buybacks (net) | -$6M | -$6M | -$71M | -$159M | -$32M | -$147M | -$119M | -$16M | -$17M | -$236M |
| Free cash flow margin | 25.2% | 33.3% | 40.8% | 25.5% | 45.7% | 27.9% | 104.2% | 29.2% | 27.7% | 8.6% |
| Dividends per share | $1.21 | $1.29 | $1.37 | $1.66 | $1.78 | $1.91 | $1.95 | $2.04 | $2.12 | $2.28 |
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Open SSB in InvestinglyQuestions
What was SouthState's revenue in 2025?
$2.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does SouthState generate?
$231M in fiscal 2025 (operating cash flow minus capital spending).
From SouthState's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.