TD Cowen has initiated coverage on SouthState Bank Corp (SSB) with a Buy rating, marking the firm's initial assessment of the bank's investment potential. This move underscores the firm's confidence in SouthState's business model and growth prospects within the competitive banking industry.
Headquartered in Winter Haven, Florida, SouthState Bank Corp provides a range of banking services, including consumer, commercial, mortgage, and wealth management solutions across several states, including Florida, Texas, and the Carolinas. The bank employs over 6,300 full-time staff and has established itself as a key player in the U.S. banking sector.
As of September 24, 2025, SouthState shares are priced at $87.93, and the bank boasts a market capitalization of $8.8 billion. The company's financial metrics include a P/E ratio of 12.59 and an EPS of 7.29. Notably, SouthState offers a dividend yield of 275.6%, reflecting its commitment to returning value to shareholders.
Upcoming earnings reports are anticipated, with estimates suggesting an EPS of $2.30 and revenue of $686.6 million for the quarter ending July 22, 2026. The bank has demonstrated strong earnings performance recently, surpassing estimates in several quarters, including a 16.1% surprise in Q3 2025.
Analyst ratings serve as one of many inputs for investors, providing insights based on research and financial models. However, these assessments can evolve as new information becomes available, and differing opinions may arise among analysts regarding the same company.
This update provides insight into SouthState Bank Corp's growing recognition in the market and the potential for further positive developments as it continues to navigate the banking landscape.