SouthState Bank (SSB) Service Charges (2010 - 2023)
SouthState Bank (SSB) posted quarterly Service Charges of $4.6 million for Q1 2023, down 15.72% year-over-year from $5.5 million in Q1 2022, and down 0.86% on a QoQ basis from $4.7 million in Q4 2022.
SouthState Bank (SSB) Service Charges (2010 - 2023) Analysis & Trends
SouthState Bank has reported Service Charges for 14 years, with the latest figure at $4.6 million in Q1 2023.
- Service Charges for Q1 2023 came in at $4.6 million, down 15.72% year-over-year; the trailing twelve-month figure through Mar 2023 was $22.6 million (up 18.76% YoY), and the FY2022 annual result was $23.4 million, up 38.74% from the prior year.
- Service Charges fell to $4.6 million in Q1 2023, from $4.7 million in the prior quarter.
- Over five years, Service Charges peaked at $7.1 million in Q3 2022 and troughed at $1.6 million in Q1 2019.
- A 5-year average of $4.1 million and a median of $4.0 million in 2021 frame the typical range for Service Charges.
- The largest YoY upside for Service Charges was 150.75% in 2019 against a maximum downside of 93.65% in 2019.
- A 5-year view of Service Charges shows it stood at $2.5 million in 2019, then soared by 71.21% to $4.3 million in 2020, then dropped by 6.73% to $4.0 million in 2021, then climbed by 16.21% to $4.7 million in 2022, then dropped by 0.86% to $4.6 million in 2023.
- Per Business Quant data, the three most recent Service Charges figures were $4.6 million in Q1 2023, $4.7 million in Q4 2022, and $7.1 million in Q3 2022.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - |
| 10 | SouthState Bank | 10.40 Bn | 8.02 Bn | 9.73 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2023 | 4.63 Mn |
| Dec 31, 2022 | 4.67 Mn |
| Sep 30, 2022 | 7.13 Mn |
| Jun 30, 2022 | 6.16 Mn |
| Mar 31, 2022 | 5.49 Mn |
| Dec 31, 2021 | 4.02 Mn |
| Sep 30, 2021 | 3.85 Mn |
| Jun 30, 2021 | 5.66 Mn |
| Mar 31, 2021 | 3.37 Mn |
| Dec 31, 2020 | 4.31 Mn |
| Sep 30, 2020 | 4.64 Mn |
| Jun 30, 2020 | 2.43 Mn |
| Mar 31, 2020 | 3.22 Mn |
| Dec 31, 2019 | -7.22 Mn |
| Sep 30, 2019 | 2.78 Mn |
| Jun 30, 2019 | 2.86 Mn |
| Mar 31, 2019 | 1.62 Mn |
| Dec 31, 2018 | 1.00 Mn |
| Sep 30, 2018 | 1.99 Mn |
| Jun 30, 2018 | 22.61 Mn |