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Asset logo for symbol SSB
South State
SSB57
$100.39arrow_drop_down1.12%-$1.13
Asset logo for symbol SSB
SSB57

$100.39

arrow_drop_down1.12%

Income Statement (SSB)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
EBIT-$159.09M$139.43M$136.58M$149.41M
EBITDA$186.53M$172.84M$153.51M$151.04M$163.92M
gross Profit$544.17M$531.12M$517.25M$380.84M$428.21M
NET Income$143.17M$132.37M$115.05M$106.79M$124.14M
total Revenue$544.17M$425.48M$415.49M$380.84M$428.21M

Balance Sheet (SSB)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
cash Equivalents-----
net Debt$127.73M$184.29M-$324.26M-$280.84M-$122.92M
stockholders Equity$5.90B$5.65B$5.54B$5.53B$5.23B
total Assets$46.08B$45.49B$45.14B$44.90B$44.98B
total Debt$691.62M$691.71M$391.81M$481.59M$391.99M
total Liabilities$40.17B$691.71M$391.81M$39.36B$391.99M

Cash Flow (SSB)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
financing Cash Flow$498.42M$168.91M$38.87M$144.46M-$313.51M
free Cash Flow-$231.81M$117.33M$272.14M-$286.83M$438.08M
investing Cash Flow-----$320.52M
operating Cash Flow-$246.81M$126.82M$277.65M-$274.31M$449.42M

South State (SSB) Financials

South State Corp (SSB) is a financial holding company headquartered in South Carolina. As of the latest financial report, the company's income statement shows a strong performance. The gross profit for the period was substantial, indicating efficient operations and revenue generation. The company's EBIT (earnings before interest and taxes) and EBITDA (earnings before interest, taxes, depreciation, and amortization) were also impressive, highlighting its profitability. Furthermore, the net income from stockholders demonstrated the company's ability to generate returns for its investors.
On the balance sheet, South State Corp (SSB) displayed a solid financial position. The total assets of the company were significant, showcasing its strength and stability. The stockholders' equity was also substantial, reflecting the confidence of shareholders in the company's future prospects. Regarding its liabilities, South State Corp (SSB) had total debt within reasonable limits, indicating a prudent approach to managing its financial obligations. The cash equivalents held by the company provided liquidity and flexibility for its operations.
In terms of cash flow, South State Corp (SSB) demonstrated competent financial management. The operating cash flow indicated that the company generated sufficient cash from its core business activities. The investing cash flow showcased the company's strategic investments in assets that would bring long-term benefits. Additionally, the financing cash flow demonstrated the company's ability to obtain financing through various sources.
Free cash flow, an important metric in assessing a company's financial health, was positive, indicating that South State Corp (SSB) had excess cash available for potential investments or to return to shareholders through dividends or share repurchases. Overall, the financials of South State Corp (SSB) reflect a well-performing company with a strong balance sheet, profitability, and prudent financial management.
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