Analysts Have Made A Financial Statement On SouthState Bank Corporation's (NYSE:SSB) Second-Quarter Report

It's been a good week for SouthState Bank Corporation (NYSE:SSB) shareholders, because the company has just released its latest second-quarter results, and the shares gained 2.7% to US$106. It was a credible result overall, with revenues of US$673m and statutory earnings per share of US$2.35 both in line with analyst estimates, showing that SouthState Bank is executing in line with expectations. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on SouthState Bank after the latest results.

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Following last week's earnings report, SouthState Bank's twelve analysts are forecasting 2026 revenues to be US$2.73b, approximately in line with the last 12 months. Statutory earnings per share are forecast to shrink 4.0% to US$9.41 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$2.74b and earnings per share (EPS) of US$9.44 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

Check out our latest analysis for SouthState Bank

It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$116. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic SouthState Bank analyst has a price target of US$125 per share, while the most pessimistic values it at US$105. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the SouthState Bank's past performance and to peers in the same industry. It's pretty clear that there is an expectation that SouthState Bank's revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 4.0% growth on an annualised basis. This is compared to a historical growth rate of 12% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 7.8% per year. Factoring in the forecast slowdown in growth, it seems obvious that SouthState Bank is also expected to grow slower than other industry participants.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that SouthState Bank's revenue is expected to perform worse than the wider industry. The consensus price target held steady at US$116, with the latest estimates not enough to have an impact on their price targets.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for SouthState Bank going out to 2028, and you can see them free on our platform here.

Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months on our platform, here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.