Analysts predict SouthState will see slight growth in earnings and revenue for Q4, reflecting positive trends in key metrics.

Columbia: Wall Street is buzzing about SouthState (SSB) as they gear up to report their Q4 earnings. Analysts are expecting earnings of $1.73 per share, which is a 3.6% increase from last year. Revenue is projected to hit around $435.63 million, marking a 3.8% rise compared to the same quarter last year.
Interestingly, the consensus earnings estimate has been revised up by 32.9% over the last month. This shows that analysts are feeling more optimistic about the company’s performance lately.
Before earnings come out, it’s crucial to pay attention to these revisions. They can really give us a clue about how investors might react to the stock. Studies have shown that changes in earnings estimates often correlate with short-term stock price movements.
While many investors look at consensus estimates to gauge performance, digging into the specifics can provide even more valuable insights. So, let’s break down what analysts are forecasting for SouthState’s key metrics.
For starters, analysts believe the ‘Net Interest Margin (Non-Tax Equivalent)’ will stay steady at 3.5%, the same as last year. They also expect the ‘Efficiency Ratio’ to improve to 56.6%, down from 63.4% in the same quarter last year.
When it comes to ‘Total Nonperforming Loans,’ the estimate is set at $187.14 million, a significant jump from $121.77 million reported last year. Analysts are also predicting that ‘Average Balance – Total Interest-Earning Assets’ will reach $41.60 billion, up from $40.47 billion last year.
For ‘Total Nonperforming Assets,’ the forecast is $194.01 million, compared to $184.12 million last year. The average prediction for ‘Net Interest Income’ is $360.77 million, which is a slight increase from $354.23 million last year.
Lastly, analysts expect ‘Total Noninterest Income’ to come in at $74.74 million, up from $65.49 million last year. They also predict ‘Net Interest Income, Tax Equivalent (Non-GAAP)’ will be around $362.31 million, compared to $354.89 million last year.
In the past month, SouthState shares have dipped by 0.3%, while the Zacks S&P 500 composite has seen a 2.1% decline. With a Zacks Rank of #2 (Buy), SSB is expected to outperform the market soon.