SOUTHSTATE BANK CORP
In the published model solve dated 2026-Q2, anchored at $109.17, SOUTHSTATE BANK CORP (SSB) is priced for 11.8% return on equity. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 11, 2026 from SEC EDGAR filings.
• SouthState is a Southeast-anchored regional bank that just expanded into Texas, Colorado and Tennessee through the Independent Financial acquisition, growing tangible book value per share about 14% year over year to $56.90. • The biggest risk is the price: near 1.75 times tangible book for a bank earning roughly 10% on equity against a roughly 9% cost of equity, a thin excess-return spread with little room for credit or integration to disappoint. • Watch second-quarter loan and deposit trends
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492 institutional managers reported holding SSB in 13F filings for the quarter ended 2026-03-31. Together they hold about 72% of the company; the top 10 hold 33%. 74 opened new positions that quarter. Held by BlackRock, Dimensional Fund Advisors, State Street, among others. On the short side, 2.6M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (3.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
SSB's share count grew 39.1% over the past five years even with $634.70M spent on repurchases. It pays a dividend, and has paid one every year in our records (16 and counting), raised 4 years straight; the current rate is $2.28 a share annually. Cash returned over the past three years: $533.57M in dividends and $422.06M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at SSB over the trailing three years: 2023: 1 buy totaling $181k; 2025: 4 buys totaling $1.10M. 25 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
SSB's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | -0.7% | -13.1% |
| 2023-11-04 | +1.9% | +13.5% |
| 2024-03-05 | +3.1% | -5.1% |
| 2024-05-04 | -2.7% | -4.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
SSB's latest 8-K filings: 2026-07-23 (items 2.02, 7.01, 8.01, 9.01); 2026-07-13 (items 5.02, 9.01); 2026-07-06 (items 7.01, 9.01); 2026-04-23 (items 2.02, 7.01, 8.01, 9.01); 2026-04-15 (items 5.07).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.