SouthState Bank Corp Income Statement

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Income Statement Dec2009 Dec2010 Dec2011 Dec2012 Dec2013 Dec2014 Dec2015 Dec2016 Dec2017 Dec2018 Dec2019 Dec2020 Dec2021 Dec2022 Dec2023 Dec2024
Revenue & Cost
Provisions 26.71M54.28M30.24M13.62M1.89M6.59M5.86M6.82M11.89M9.28M12.78M235.99M-165.27M81.86M125.00M26.95M
Revenue 130.84M8.63M9.46M33.73M18.36M90.50M443.33M73.77M80.76M113.60M104.30M182.80M255.40M266.80M237.30M234.00M
Interest income
Interest income - Loans 131.77M143.49M162.21M174.81M268.60M319.88M315.57M308.46M389.54M521.48M534.79M851.20M990.52M1,178.03M1,716.40M1,925.84M
Interest income - Investments 46.20M22.00M16.30M34.70M
Interest Income - Debt Securities 14.95M9.98M13.82M9.80M16.79M18.89M21.45M21.33M28.16M35.56M39.95M52.84M76.85M149.79M162.91M155.47M
Interest Income - Fed Funds 0.59M1.02M1.02M1.16M1.91M1.79M2.12M2.79M2.71M4.01M9.90M4.20M6.72M46.85M41.64M37.13M
Interest Income - Total 141.80M155.35M171.72M187.49M286.35M342.02M338.10M333.16M426.00M567.21M590.83M910.03M1,084.80M1,397.03M1,944.41M2,141.36M
Interest expenses
Interest Expense - Deposits 30.73M28.53M17.56M8.42M8.49M9.30M7.34M5.80M12.35M45.45M65.92M55.44M33.18M36.98M440.26M671.83M
Interest Expense - Debt 5.29M5.64M12.97M17.21M19.29M23.62M23.87M
Interest Expense - Fed Funds 0.50M0.63M0.53M0.45M0.43M0.36M0.40M0.57M1.08M2.36M2.63M1.95M1.19M4.50M15.59M20.27M
Interest Expense - Others 5.97M3.58M2.18M2.22M4.07M6.00M2.59M1.94M3.58M0.89M12.36M13.20M0.04M0.57M12.34M9.94M
Interest Expenses 37.21M32.74M20.27M11.09M12.99M15.66M10.33M8.32M17.01M53.99M86.55M83.56M51.63M61.35M491.80M725.91M
Interest Income - Net 104.59M122.62M151.45M176.39M273.36M326.36M327.77M324.85M408.99M513.22M504.27M826.47M1,033.17M1,335.67M1,452.61M1,415.45M
Non-interest income
Interest Income - Total 77.88M68.33M121.22M162.78M271.48M319.77M321.91M318.03M397.10M499.43M491.50M590.48M1,198.45M1,253.82M1,338.53M1,399.48M
Service Charges 15.50M21.34M22.65M23.82M54.80M69.29M74.48M82.90M89.88M
Investment Gain (Loss) 0.08M0.29M0.32M0.12M1.42M-0.66M0.03M0.04M-0.05M
Investment Banking Income -0.51M-0.13M-1.60M-4.00M-4.16M8.74M12.41M120.08M72.12M-2.66M3.54M24.89M
Income - Trust 2.52M4.25M5.46M6.36M12.66M18.34M20.12M19.76M25.40M
Mortgage Banking 6.55M6.56M6.27M12.54M9.15M16.17M21.76M20.55M17.95M
Card Income 5.04M8.99M11.72M14.17M21.84M29.63M
Trading Income 0.12M1.42M-0.66M2.71M0.05M0.10M0.03M0.04M-0.05M
Other Non-Interest Income 2.50M46.82M2.73M21.93M15.29M9.05M8.97M6.89M6.78M6.92M8.87M20.67M27.90M33.21M42.02M51.85M
Non-Interest Income 26.25M137.74M55.12M41.28M53.72M94.70M115.56M121.20M140.03M145.75M143.56M311.14M354.25M309.25M286.91M302.26M
Operating Items
Amortization - Intangibles 0.94M1.65M1.99M3.95M6.08M8.32M8.32M7.58M10.40M14.21M13.10M27.00M35.20M33.20M27.60M22.93M
Depreciation & Amortization - Total 6.05M7.53M8.48M9.12M12.11M13.27M11.23M12.40M15.57M18.35M
Research & Development 9.14M10.51M11.09M14.47M15.84M17.81M20.55M25.46M34.32M35.48M59.84M74.42M79.70M84.47M92.19M
Wages, Salaries and Other 40.79M60.80M68.94M76.31M4.21M158.43M161.30M164.66M194.45M233.13M234.75M416.60M552.03M554.70M583.40M606.87M
Rent Expense 6.39M8.54M9.67M11.61M17.59M22.46M21.11M21.71M40.92M49.16M47.46M75.59M92.22M89.50M88.69M90.10M
Restructuring Costs 8.08M44.50M29.87M4.55M85.91M67.24M30.89M13.16M20.13M
Other Operating Expenses 71.20M100.02M114.32M127.08M80.62M90.57M104.39M164.48M146.82M289.22M1,058.83M1,061.23M1,152.74M1,347.26M808.25M799.06M
Operating Expenses 83.65M125.24M142.98M158.90M250.62M303.04M287.09M285.19M368.32M420.93M404.64M797.64M948.42M929.70M994.58M1,001.49M
Operating Income 28.29M11.68M15.81M26.10M39.00M52.63M53.91M59.08M47.09M48.39M21.83M126.90M133.01M132.48M147.05M
EBIT 57.69M28.29M11.68M15.81M26.10M39.00M52.63M53.91M59.08M47.09M48.39M21.83M126.90M133.01M132.48M147.05M
Non-operating items
Non Operating Investment Income -0.00M0.12M1.42M
Other Non Operating Income 38.80M-11.71M
Net income details
EBT 20.48M80.83M33.36M45.16M74.57M111.43M150.38M154.04M168.81M224.25M230.43M103.97M604.28M633.36M630.85M700.25M
Tax Provisions 6.88M28.95M20.96M15.13M25.36M35.99M50.90M52.76M81.25M45.38M45.34M29.54M128.74M137.31M136.54M175.49M
Profit After Tax 13.60M51.88M22.59M30.03M49.22M75.44M99.47M101.28M87.55M178.87M186.48M120.63M475.54M496.05M494.31M534.78M
Income from Continuing Operations 13.60M51.88M12.39M30.03M49.22M75.44M99.47M101.28M87.55M178.87M185.09M74.43M475.54M496.05M494.31M524.76M
Consolidated Net Income 13.60M51.88M12.39M30.03M49.22M75.44M99.47M101.28M87.55M178.87M185.09M74.43M475.54M496.05M494.31M524.76M
Income towards Parent Company 13.60M51.88M12.39M30.03M49.22M75.44M99.47M101.28M87.55M178.87M185.09M74.43M475.54M496.05M494.31M524.76M
Preferred Dividend Payments 3.56M1.35M1.07M
Net Income towards Common Stockholders 8.92M51.88M22.59M30.03M47.87M74.36M99.47M101.28M87.55M178.87M185.09M120.63M475.54M496.05M494.31M524.76M
Additional items
EPS (Basic) 0.744.111.652.042.413.114.154.222.954.905.402.206.766.656.507.01
EPS (Weighted Average and Diluted) 0.744.081.632.032.383.084.114.182.934.865.362.196.716.606.466.97
Shares Outstanding (Weighted Average) 12.79M14.01M15.12M24.08M24.14M24.22M24.22M29.29M36.53M33.74M70.95M69.82M75.70M76.07M76.29M
Shares Outstanding (Diluted Average) 12.72M13.75M
Tax Rate 33.61%35.81%62.84%33.50%34.00%32.30%33.85%34.25%48.13%20.24%19.68%28.41%21.30%21.68%21.64%25.06%