- Earning assets will likely continue to grow because of the federal stimulus and economic recovery.
- The loan growth will likely remain muted. Therefore, the earning asset growth will likely remain concentrated in low-yielding assets.
- The provision expense will likely remain subdued in the year ahead because of low credit risk.
- Cost savings following the acquisition of CenterState Bank will likely boost earnings.
- The year-end target price suggests a modest upside from the current market price. Further, SSB is offering a low dividend yield.
For further details see:
South State Corporation: Asset Growth, Release Of Provisions To Drive Earnings