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Ken GriffinReduced
Citadel Advisors · Q2 2026
$1.11M
11.12K shares · 0.0% of portfolio
SouthState Bank Corp
SouthState Bank Corp (SSB) is listed on NYSE and classified in Banks - Regional, part of the Financial Services sector. It is headquartered in Winter Haven, United States and has 6,431 employees. The company is worth $10.2B and trades at 10.8x its earnings of the last twelve months; the median for its sector is 13.2x. Revenue was $2.68B in fiscal 2025, up 56.1% from the year before. Net income was $798.67M. The share price is 6.2% below its 52-week high of $112.20. It pays a dividend yielding 2.51%, and has raised its annual dividend for 14 years in a row in our records. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $183M. In that quarter, 4 of them opened or added to the position and 1 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +30.6% over 5Y.
today you would have $1,480.40▲ +48.0%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $94.11 | $99.48 | $84.45 | $76.36 | $80.11 | $72.30 | $86.75 | $59.95 | $87.15 | $87.40 | $71.95 | $67.08 | $66.51 | $40.18 | $29.01 | $32.75 | $27.69 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 2.5% dividend yield. Growth capped at 25%.
Median P/E of 13.2 among peers in the sector.
Median P/E of 17.5 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividend growing 6.4% a year against a 7.9% required return, from the stock’s beta.
Companies of similar size in Financial Services, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| AMGAffiliated Managers Group Inc | $395.53 | 13.8x | 3.4x | 0.01% | 24.26% | $10.23B |
| SFStifel Financial Corp | $67.85 | 11.5x | 2.0x | 2.00% | — | $10.25B |
| WTFCWintrust Financial Corp | $149.75 | 11.3x | 1.5x | 1.47% | 12.88% | $10.1B |
| UMBFUmb Financial Corp | $136.16 |
| 17.5x |
| 12.0x |
| 14.3x |
| 13.1x |
| 11.6x |
| 11.9x |
| 33.0x |
| 16.2x |
| 12.3x |
| 29.7x |
| 20.9x |
| 17.5x |
| 21.8x |
| 27.9x |
| 19.8x |
| 17.8x |
| 8.0x |
| 37.4x |
| P/S | 3.8x | 3.4x | 5.9x | 3.7x | 3.5x | 4.0x | 4.5x | 4.5x | 3.2x | 5.8x | 5.7x | 3.9x | 3.8x | 4.9x | 3.1x | 2.0x | 1.6x | 2.6x |
| P/B | 1.2x | 1.0x | 1.7x | 1.2x | 1.1x | 1.1x | 1.1x | 1.2x | 0.9x | 1.4x | 2.3x | 1.6x | 1.6x | 1.6x | 1.3x | 1.1x | 1.3x | 1.2x |
| EPS | $7.87 | $6.97 | $6.46 | $6.60 | $6.71 | $2.19 | $5.36 | $4.86 | $2.93 | $4.18 | $4.11 | $3.08 | $2.38 | $2.03 | $1.63 | $4.08 | $0.74 |
| Dividend yield | 2.13% | 2.42% | 2.13% | 2.42% | 2.59% | 2.40% | 2.60% | 1.93% | 2.30% | 1.51% | 1.38% | 1.36% | 1.22% | 1.11% | 1.72% | 2.34% | 2.08% | 2.46% |
| Payout | 30.42% | 28.97% | 30.42% | 31.58% | 30.00% | 28.61% | 85.84% | 31.16% | 28.40% | 45.05% | 28.95% | 23.84% | 26.62% | 31.09% | 33.99% | 41.72% | 16.67% | 91.89% |
| Profit margin | 22.44% | 29.79% | 31.13% | 28.42% | 30.16% | 34.28% | 10.60% | 28.79% | 27.14% | 15.95% | 22.71% | 22.44% | 17.92% | 15.05% | 13.80% | 10.94% | 19.93% | 10.39% |
| ROE | 7.86% | 8.82% | 9.08% | 8.93% | 9.77% | 9.90% | 2.60% | 7.86% | 7.56% | 3.79% | 8.93% | 9.39% | 7.66% | 5.01% | 5.92% | 5.92% | 15.72% | 4.81% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+43.1% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 11.1x |
| 1.3x |
| 1.47% |
| 12.31% |
| $10.34B |
| BPOPPopular Inc | $157.64 | 10.7x | 1.6x | 2.28% | 15.65% | $10.05B |
| IRENIREN Ltd | $25.51 | — | 2.3x | 0.00% | -23.41% | $10.05B |