
South State (SSB) Stock Forecast & Price Target
South State (SSB) Analyst Ratings
Bulls say
SouthState Corp demonstrated strong financial performance, reporting a core pre-provision net revenue (PPNR) of $200.2 million, which surpassed consensus expectations by 7.5%. The bank experienced an increase in net interest income (NII), with an impressive quarter-over-quarter net interest margin (NIM) expansion to 3.48% alongside loan growth of 4.2% on a last quarter annualized basis. Additionally, SouthState's proactive management regarding potential mergers and acquisitions alongside strategic portfolio restructuring positions the bank favorably in a competitive market.
Bears say
SouthState Corp's earnings power faces potential risks due to the faster repricing of assets relative to liabilities, particularly if interest rates decrease beyond current forecast expectations. Furthermore, disruptions to various financial metrics could lead to decreased earnings and heightened credit volatility, undermining financial stability. Additionally, potential issues with integration, pricing execution, and regulatory changes could further exacerbate earnings fluctuations and contribute to stock price volatility.
This aggregate rating is based on analysts' research of South State and is not a guaranteed prediction by Public.com or investment advice.
South State (SSB) Analyst Forecast & Price Prediction
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