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home / news releases / SSB - SouthState: Earnings Likely To Dip On The Back Of Higher Provisioning

SSB - SouthState: Earnings Likely To Dip On The Back Of Higher Provisioning

SouthState Corporation
  • The trend of net provision reversals will likely reverse soon because high interest rates will hurt asset quality.
  • Subdued organic loan growth will add to the benefit of recently acquired loans.
  • Thanks to the loan mix and a large cash balance, the top line is quite sensitive to rate changes.
  • The December 2022 target price suggests a small upside from the current market price. Further, SSB is offering a modest dividend yield.

For further details see:

SouthState: Earnings Likely To Dip On The Back Of Higher Provisioning
Stock Information
Company Name: SouthState Corporation
Stock Symbol: SSB
Market: NASDAQ
Website: southstatebank.com
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