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Stock impact report

SouthState Corporation Reports Fourth Quarter 2023 Results, Declares Quarterly Cash Dividend [Yahoo! Finance]

SouthState Corporation (SSB) 
NASDAQ:AMEX Investor Relations: southstatebank.com/rci_pt_bumper/5756
Company Research Source: Yahoo! Finance
financial information for the three-month and twelve-month periods ended December 31, 2023 "We ended a year that demonstrated the resilience of the SouthState deposit franchise in the face of unprecedented change. In addition, loans grew 7% and we materially built our reserve", commented John C. Corbett , SouthState's Chief Executive Officer. "While we remain cautious of the lag effects of the recent rate increases, we see tremendous opportunity coming out of the cycle. Since the pandemic, Florida has grown by over one million people and SouthState benefits from operating in 4 of the 5 fastest growing states in the country. We are in a great position to deliver outsized results for our shareholders, and I want to thank our team for their hard work and service to our clients during 2023." Highlights of the fourth quarter of 2023 include: Returns Reported Diluted Earnings per Share ("EPS") of ; Adjusted Diluted EPS (Non-GAAP) of Net Income of $106.8 million ; Adjusted Net Inco Show less Read more
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