SouthState (SSB) Revenue & Revenue Breakdown
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 | $683.64M |
| SSB | SouthState | $1.70B | $544.18M |
| UCBI | United Community Banks | $1.31B | $383.52M |
| WSFS | WSFS Financial | $1.27B | $356.83M |
| IBOC | International Bancshares | $974.09M | - |
| HTH | Hilltop | $838.38M | $211.04M |
| SFBS | ServisFirst Bancshares | $813.25M | $227.54M |
| FBK | FB Financial | $748.95M | $169.61M |
| NBHC | National Bank | $559.33M | $146.48M |
| FBNC | First Bancorp | $546.25M | $143.42M |
| FMBH | First Mid Bancshares | $386.95M | $111.11M |
| MBWM | Mercantile Bank | $303.50M | $93.08M |
| LBC | Luther Burbank | $178.91M | $20.59M |
| SMBK | SmartFinancial | $152.41M | $61.28M |
| RRBI | Red River Bancshares | $139.68M | $38.78M |
| FNWD | Finward Bancorp | $96.53M | $24.70M |
| FRAF | Franklin Financial Services | $91.60M | $29.08M |
| SFST | Southern First Bancshares | $86.25M | $54.35M |
| CWBC | Community West Bancshares | $61.39M | $27.26M |
| GSBC | Great Southern Bancorp | $46.29M | $84.15M |
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.