106.03
+1.84%
Close of 9 Nov 2026, in USD
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About SouthState Bank
From its filings with the US Securities and Exchange Commission
SouthState Bank is based in Winter Haven, Florida and is incorporated in Florida. Its shares trade on NYSE under the ticker SSB. The SEC classifies its business as state commercial banks. In the fiscal year to 31 December 2025, it reported net income of $798.7m. At that date it held total assets of $67.20bn and shareholders' equity of $9.06bn.
SouthState Bank Corporation (“We,” “Our,” “SouthState” or the “Company”) is a financial holding company headquartered in Winter Haven, Florida. During the third quarter of 2025, the Company was redomiciled to the state of Florida by merging SouthState Corporation, a South Carolina corporation, with and into SouthState Bank Corporation, a Florida corporation that was wholly-owned by SouthState Corporation prior to such merger, and adopting its name. We provide a wide range of banking services and products to our customers through our wholly owned bank subsidiary, SouthState Bank, National Association (the “Bank”), a national banking association, from our headquarters branch in Winter Haven, Florida and, as of December 31, 2025, a 342-branch network located throughout Florida, South Carolina, Texas, Georgia, Colorado, North Carolina, Alabama, and Virginia. In addition, the Company owns SSB Insurance Corp., a captive insurance subsidiary pursuant to Section 831(b) of the U.S. Tax Code, which has been in dissolution since 2024. We do not engage in any significant operations other than the ownership of our banking subsidiary.
Quoted from its 10-K, filed 20 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 28 Jan 1997
- Employees
- 6,190
- Head office
- 1101 FIRST STREET SOUTH, SUITE 202, WINTER HAVEN, FL, 33880
- Incorporated in
- FL
- Classification
- State Commercial Banks
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Douglas HertzIndependent Chairman of the Board$278,557
- Mr. Richard MurrayPresident$1.8m
- Mr. John CorbettChief Executive Officer, Director, since 2020$6.2m
- Mr. William MatthewsChief Financial Officer$2.0m
- Ms. Renee BrooksChief Operating Officer$1.8m
- Mr. Stephen YoungChief Strategy Officer$2.7m
- Mr. David BrooksDirector
- Mr. Ronald CofieldIndependent Director$223,557
- Ms. Shantella CooperIndependent Director$198,557
- Ms. Jean DavisIndependent Director$198,557
- Mr. Martin DavisIndependent Director$218,557
- Ms. Janet FroetscherIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 32
- Environment
- 10
- Social
- 66
- Governance
- 19
- Women in the workforce
- 71%
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- South State Bank operates 170 financial centers across four states including South Carolina and Georgia.
- The company employs 2,547 full-time employees providing retail and commercial banking services.
- South State Bank offers mortgage lending and trust services through its South Carolina-chartered subsidiary.
Weaknesses
- The company's headquarters in Winter Haven, Florida, may limit regional expansion opportunities.
- South State Bank's securities portfolio focuses on government-sponsored entity debentures and municipal bonds.
- The firm's business is concentrated in four southeastern states without national presence.
Opportunities
- Expanding mortgage lending services could increase revenue in the growing southeastern housing market.
- Introducing alternative investment products may attract new customers seeking diversified portfolios.
- Increasing consumer finance loans could capture more market share in the regional lending sector.
Threats
- Economic downturns in South Carolina and Georgia could reduce loan demand and increase defaults.
- Regulatory changes in the Financials sector might increase compliance costs for South State Bank.
- Competition from larger banks could threaten market share in the southeastern banking market.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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