SouthState Bank (SSB) Mortgage Banking (2010 - 2018)
SouthState Bank's Mortgage Banking was $3.32 million in Q2 2018, down 36.2% from $5.2 million a year earlier and down 33.0% from the prior quarter.
SouthState Bank (SSB) Mortgage Banking (2010 - 2018) Analysis & Trends
On a trailing twelve-month basis, SouthState Bank's Mortgage Banking was $15.46 million through Jun 30, 2018, down 28.1% year-over-year; for FY2017, it came in at $17.95 million, down 12.6% from FY2016.
- Mortgage Banking shows a five-year compound annual growth rate of 7.4% (FY2012 to FY2017).
- In earlier years, Mortgage Banking was $20.55 million in FY2016 (-5.6%), $21.76 million in FY2015 (+34.6%), $16.17 million in FY2014 (+76.7%) and $9.15 million in FY2013 (-27.1%).
- The Q2 2018 figure marks the lowest quarterly Mortgage Banking since Q4 2015.
- Compared with a year earlier, Mortgage Banking has declined for five straight quarters, with an average decline of 1.9% over the last eight quarters.
- The best year-over-year quarter for Mortgage Banking over five years was Q3 2014 (growth of 207.3%); the worst was Q3 2013 (a decline of 61.6%).
- Per Business Quant data, SSB's Mortgage Banking in the three quarters before Q2 2018 was $4.95 million (Q1 2018), $3.74 million (Q4 2017) and $3.45 million (Q3 2017).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Jpmorgan Chase | 879.54 Bn | 909.01 Bn | - |
| 2 | Banco Santander Chile | 418.48 Bn | 538.42 Bn | - |
| 3 | Bank Of America | 381.92 Bn | -1,994.15 Bn | - |
| 4 | Hsbc Holdings | 341.10 Bn | 341.15 Bn | - |
| 5 | Morgan Stanley | 295.71 Bn | -213.38 Bn | - |
| 6 | Royal Bank Of Canada | 275.38 Bn | 126.13 Bn | - |
| 7 | Mitsubishi Ufj Financial | 273.79 Bn | -1,314.70 Bn | 10.89 Bn |
| 8 | Goldman Sachs | 262.78 Bn | -3,294.34 Bn | - |
| 9 | Wells Fargo & Company | 242.61 Bn | 244.75 Bn | - |
| 10 | SouthState Bank | 9.66 Bn | 9.66 Bn | - |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2018 | 3.32 Mn |
| Mar 31, 2018 | 4.95 Mn |
| Dec 31, 2017 | 3.74 Mn |
| Sep 30, 2017 | 3.45 Mn |
| Jun 30, 2017 | 5.20 Mn |
| Mar 31, 2017 | 5.57 Mn |
| Dec 31, 2016 | 4.44 Mn |
| Sep 30, 2016 | 6.29 Mn |
| Jun 30, 2016 | 5.62 Mn |
| Mar 31, 2016 | 4.20 Mn |
| Dec 31, 2015 | 3.23 Mn |
| Sep 30, 2015 | 4.82 Mn |
| Jun 30, 2015 | 7.09 Mn |
| Mar 31, 2015 | 6.63 Mn |
| Dec 31, 2014 | 4.07 Mn |
| Sep 30, 2014 | 4.12 Mn |
| Jun 30, 2014 | 4.68 Mn |
| Mar 31, 2014 | 3.29 Mn |
| Dec 31, 2013 | 2.52 Mn |
| Sep 30, 2013 | 1.34 Mn |
SouthState Bank Mortgage Banking API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=mortgage-banking&ticker=SSB&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "mortgage-banking", "ticker": "SSB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=mortgage-banking&ticker=SSB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();