SouthState (SSB) Revenue & Revenue Breakdown

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SouthState Revenue Highlights

Latest Revenue (Y)

$1.70B

Latest Revenue (Q)

$544.18M

Main Segment (Y)

Deposit account services

SouthState Revenue by Period

SouthState Revenue by Year

Date	Revenue	Change
2023-12-31	$1.70B	8.80%
2022-12-31	$1.56B	0.67%
2021-12-31	$1.55B	72.21%
2020-12-31	$901.62M	41.97%
2019-12-31	$635.06M	-1.57%
2018-12-31	$645.18M	20.12%
2017-12-31	$537.13M	21.65%
2016-12-31	$441.53M	0.93%
2015-12-31	$437.46M	5.55%
2014-12-31	$414.47M	27.45%
2013-12-31	$325.19M	59.36%
2012-12-31	$204.06M	7.31%
2011-12-31	$190.16M	12.49%
2010-12-31	$169.04M	24.44%
2009-12-31	$135.84M	18.30%
2008-12-31	$114.83M	3.98%
2007-12-31	$110.44M	6.11%
2006-12-31	$104.08M	16.37%
2005-12-31	$89.44M	17.81%
2004-12-31	$75.92M	3.79%
2003-12-31	$73.15M	10.13%
2002-12-31	$66.42M	14.16%
2001-12-31	$58.18M	12.78%
2000-12-31	$51.59M	11.17%
1999-12-31	$46.40M	34.49%
1998-12-31	$34.50M	14.62%
1997-12-31	$30.10M	17.58%
1996-12-31	$25.60M	423.20%
1995-12-31	$4.89M	-

SouthState generated $1.70B in revenue during NA 2023, up 8.80% compared to the previous quarter, and up 263.59% compared to the same period a year ago.

SouthState Revenue by Quarter

Date	Revenue	Change
2024-09-30	$544.18M	27.90%
2024-06-30	$425.48M	2.40%
2024-03-31	$415.49M	9.10%
2023-12-31	$380.84M	-11.06%
2023-09-30	$428.22M	6.90%
2023-06-30	$400.57M	-4.30%
2023-03-31	$418.57M	1.53%
2022-12-31	$412.25M	0.18%
2022-09-30	$411.51M	7.36%
2022-06-30	$383.29M	7.66%
2022-03-31	$356.01M	-0.87%
2021-12-31	$359.15M	-6.93%
2021-09-30	$385.90M	-1.29%
2021-06-30	$390.94M	-6.18%
2021-03-31	$416.70M	20.70%
2020-12-31	$345.23M	-2.84%
2020-09-30	$355.34M	443.09%
2020-06-30	$65.43M	-51.75%
2020-03-31	$135.61M	-14.82%
2019-12-31	$159.21M	-1.07%
2019-09-30	$160.93M	-0.10%
2019-06-30	$161.09M	4.72%
2019-03-31	$153.84M	-2.82%
2018-12-31	$158.30M	0.70%
2018-09-30	$157.20M	-3.33%
2018-06-30	$162.61M	-2.67%
2018-03-31	$167.07M	15.04%
2017-12-31	$145.23M	10.03%
2017-09-30	$131.99M	-0.03%
2017-06-30	$132.03M	3.25%
2017-03-31	$127.87M	13.35%
2016-12-31	$112.81M	-2.48%
2016-09-30	$115.67M	0.67%
2016-06-30	$114.90M	4.23%
2016-03-31	$110.24M	3.47%
2015-12-31	$106.55M	-5.05%
2015-09-30	$112.21M	0.08%
2015-06-30	$112.11M	3.06%
2015-03-31	$108.78M	1.73%
2014-12-31	$106.93M	-0.54%
2014-09-30	$107.51M	-1.37%
2014-06-30	$109.00M	0.18%
2014-03-31	$108.80M	0.80%
2013-12-31	$107.94M	7.07%
2013-09-30	$100.81M	44.34%
2013-06-30	$69.84M	0.74%
2013-03-31	$69.33M	-6.10%
2012-12-31	$73.83M	31.67%
2012-09-30	$56.08M	3.31%
2012-06-30	$54.28M	11.89%
2012-03-31	$48.51M	-2.20%
2011-12-31	$49.60M	-1.91%
2011-09-30	$50.57M	8.07%
2011-06-30	$46.79M	8.34%
2011-03-31	$43.19M	-179.43%
2010-12-31	$-54.38M	-223.62%
2010-09-30	$43.99M	1.69%
2010-06-30	$43.26M	-66.88%
2010-03-31	$130.59M	244.02%
2009-12-31	$37.96M	18.73%
2009-09-30	$31.97M	-5.35%
2009-06-30	$33.78M	5.14%
2009-03-31	$32.13M	4.47%
2008-12-31	$30.75M	40.02%
2008-09-30	$21.96M	-30.69%
2008-06-30	$31.69M	4.18%
2008-03-31	$30.42M	16.68%
2007-12-31	$26.07M	-

SouthState generated $544.18M in revenue during Q3 2024, up 27.90% compared to the previous quarter, and up 135.85% compared to the same period a year ago.

SouthState Revenue Breakdown

SouthState Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Interchange and debit card transaction fees	$41.30M	$40.70M	-	-	-
Trust and investment services income	$39.45M	$39.02M	$36.98M	-	-
Deposit account services	$134.60M	$129.70M	-	-	-
Fees on deposit accounts	-	$128.23M	$105.64M	-	-
Mortgage banking income	-	$17.79M	$64.60M	-	-
Correspondent banking and capital market income	-	$78.75M	$110.00M	-	-
Mortgage Banking	-	-	-	$106.20M	-
Correspondent Banking And Capital Market Income	-	-	-	$64.74M	-
Deposit Account	-	-	-	$84.32M	-
Fiduciary And Trust	-	-	-	$29.44M	$29.24M
Banking	-	-	-	-	$76.40M
Interchange And Debit Card Transaction Fees	-	-	-	-	$12.60M

SouthState's latest annual revenue breakdown by segment (product or service), as of Dec 23: Deposit account services (62.50%), Interchange and debit card transaction fees (19.18%), and Trust and investment services income (18.32%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Mortgage banking income	$3.19M	$5.91M	$6.17M	$4.35M	$4.33M	$-546.00K	$2.26M	$5.48M	$10.59M	$12.04M	$15.56M	-	-	-	-	-	-	-	-	-
Fees on deposit accounts	$33.99M	$33.84M	$33.15M	$33.10M	$29.86M	$34.48M	$31.19M	$33.66M	$28.90M	$30.29M	$26.13M	-	-	-	-	-	-	-	-	-
Trust and investment services income	$11.58M	$11.09M	$10.39M	$19.69M	$9.82M	$9.94M	$9.87M	$9.60M	$9.83M	$9.72M	$9.52M	$9.15M	-	-	-	-	-	-	-	-
Correspondent banking and capital market income	-	-	-	-	$19.19M	$13.59M	$2.60M	$20.55M	$27.60M	$27.99M	$30.22M	$25.16M	-	-	-	-	-	-	-	-
Correspondent Banking And Capital Market Income	-	-	-	-	-	-	-	-	-	-	-	-	$25.88M	$28.75M	$27.75M	$26.43M	$10.07M	-	-	-
Mortgage Banking	-	-	-	-	-	-	-	-	-	-	-	-	$10.12M	$26.88M	$25.16M	$48.02M	$18.37M	$14.65M	$3.76M	$6.12M
Fiduciary And Trust	-	-	-	-	-	-	-	-	-	-	-	-	$9.73M	$8.58M	$7.51M	$7.40M	$7.14M	$7.39M	$6.93M	$7.32M
Deposit Account	-	-	-	-	-	-	-	-	-	-	-	-	$23.94M	$25.28M	$25.15M	$24.35M	$16.68M	$18.14M	$19.16M	$19.73M

SouthState's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Fees on deposit accounts (69.71%), Trust and investment services income (23.75%), and Mortgage banking income (6.54%).

SouthState Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
PNFP	Pinnacle Financial Partners	$2.61B	$694.87M
SSB	SouthState	$1.70B	$544.18M
UCBI	United Community Banks	$1.31B	$383.52M
WSFS	WSFS Financial	$1.27B	$363.54M
IBOC	International Bancshares	$974.09M	$259.19M
HTH	Hilltop	$838.38M	$211.04M
SFBS	ServisFirst Bancshares	$813.25M	$256.43M
FBK	FB Financial	$748.95M	$169.61M
NBHC	National Bank	$559.33M	$106.33M
FBNC	First Bancorp	$546.25M	$145.66M
FMBH	First Mid Bancshares	$386.95M	$44.35M
MBWM	Mercantile Bank	$303.50M	$93.08M
LBC	Luther Burbank	$178.91M	$20.59M
SMBK	SmartFinancial	$152.41M	$63.96M
RRBI	Red River Bancshares	$139.68M	$40.32M
FNWD	Finward Bancorp	$96.53M	$22.47M
FRAF	Franklin Financial Services	$91.60M	$30.91M
SFST	Southern First Bancshares	$86.25M	$54.35M
CWBC	Community West Bancshares	$61.39M	$27.26M
GSBC	Great Southern Bancorp	$46.29M	$91.36M

SSB Revenue FAQ

What is SouthState’s yearly revenue?

SouthState's yearly revenue for 2023 was $1.7B, representing an increase of 8.80% compared to 2022. The company's yearly revenue for 2022 was $1.56B, representing an increase of 0.67% compared to 2021. SSB's yearly revenue for 2021 was $1.55B, representing an increase of 72.21% compared to 2020.

What is SouthState’s quarterly revenue?

SouthState's quarterly revenue for Q3 2024 was $544.18M, a 27.90% increase from the previous quarter (Q2 2024), and a 27.08% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $425.48M, a 2.40% increase from the previous quarter (Q1 2024), and a 6.22% increase year-over-year (Q2 2023). SSB's quarterly revenue for Q1 2024 was $415.49M, a 9.10% increase from the previous quarter (Q4 2023), and a -0.73% decrease year-over-year (Q1 2023).

What is SouthState’s revenue growth rate?

SouthState's revenue growth rate for the last 3 years (2021-2023) was 9.53%, and for the last 5 years (2019-2023) was 167.79%.

What are SouthState’s revenue streams?

SouthState's revenue streams in c 23 are Interchange and debit card transaction fees, Trust and investment services income, and Deposit account services. Interchange and debit card transaction fees generated $41.3M in revenue, accounting 19.18% of the company's total revenue, up 1.47% year-over-year. Trust and investment services income generated $39.45M in revenue, accounting 18.32% of the company's total revenue, up 1.10% year-over-year. Deposit account services generated $134.6M in revenue, accounting 62.50% of the company's total revenue, up 3.78% year-over-year.

What is SouthState’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of SouthState was Deposit account services. This segment made a revenue of $134.6M, representing 62.50% of the company's total revenue.