Southstate Bank Corporation
(SSB)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2024 | 12-2023 | 12-2022 | 12-2021 | 12-2020 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 534,783 | 494,308 | 496,049 | 475,543 | 120,632 |
| Depreciation Amortization | 76,040 | 78,962 | 91,894 | 101,162 | 12,428 |
| Income taxes - deferred | -10,852 | 1,950 | 123,540 | 67,850 | -44,282 |
| Other Working Capital | -395,621 | -154,981 | 888,489 | -25,399 | 199,498 |
| Loans | -620,213 | -21,088 | 156,702 | 91,825 | 217,768 |
| Other Operating Activity | 927,823 | 147,606 | -25,781 | -295,292 | 30,899 |
| Operating Cash Flow | $511,960 | $546,757 | $1,730,893 | $415,689 | $536,943 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -35,434 | -38,029 | -11,527 | 22,708 | 9,357 |
| Net Acquisitions | N/A | N/A | 250,115 | -39,929 | 2,566,376 |
| Purchase Of Investment | -236,943 | -307,055 | -2,502,030 | -3,918,813 | -2,353,352 |
| Sale Of Investment | 886,887 | 1,125,572 | 1,301,134 | 1,063,147 | 1,132,326 |
| Net Loans | -1,523,921 | -2,218,492 | -3,836,095 | 758,885 | -144,584 |
| Other Investing Activity | 23,232 | 11,565 | -61,993 | -205,259 | 19,655 |
| Investing Cash Flow | $-886,179 | $-1,426,439 | $-4,860,396 | $-2,319,261 | $1,229,778 |
| Cash Flows From Financing Activities | |||||
| Change In Short Term Borrowing | N/A | N/A | N/A | 1,573 | 79,379 |
| Debt Issued | 4,000,000 | 6,050,200 | N/A | 25,000 | 500,000 |
| Debt Repayment | -4,074,273 | -6,017,432 | -237,822 | -100,878 | -1,200,103 |
| Common Stock Issued | 8,817 | 5,698 | 4,443 | 5,289 | 3,218 |
| Common Stock Repurchased | -16,758 | -16,064 | -119,330 | -147,421 | -32,431 |
| Dividend Paid | -162,894 | -156,184 | -146,664 | -135,337 | -98,256 |
| Financing Cash Flow | $767,409 | $565,996 | $-2,279,505 | $4,015,888 | $2,153,830 |
| Beginning Cash Position | 998,877 | 1,312,563 | 6,721,571 | 4,609,255 | 688,704 |
| End Cash Position | 1,392,067 | 998,877 | 1,312,563 | 6,721,571 | 4,609,255 |
| Net Cash Flow | $393,190 | $-313,686 | $-5,409,008 | $2,112,316 | $3,920,551 |
| Free Cash Flow | |||||
| Operating Cash Flow | 511,960 | 546,757 | 1,730,893 | 415,689 | 536,943 |
| Capital Expenditure | -35,807 | -38,885 | -17,670 | -28,418 | -16,930 |
| Free Cash Flow | 476,153 | 507,872 | 1,713,223 | 387,271 | 520,013 |