SouthState Corporation (NYSE: SSB) has announced that it will release its first-quarter 2025 earnings results on Thursday, April 24, 2025, after the market closes. The company will host a conference call on Friday, April 25, 2025, at 9:00 a.m. (ET) to discuss its first-quarter 2025 results.
Investors will be keen to see how the company has performed compared to the previous period. During the last quarter of 2024, SouthState reported total assets of $45.5 billion, an increase of 2.6% from the previous quarter. The company's net income for the same period was $196.7 million, reflecting a 4.8% increase from the previous quarter. Additionally, SouthState's total deposits stood at $35.7 billion, a 3.2% increase from the previous quarter.
Furthermore, the company's total loans were reported at $30.6 billion during the last quarter of 2024, marking a 2.9% increase from the previous quarter. SouthState also reported a return on average assets of 1.73% for the same period, representing a 0.03% increase from the previous quarter. Moreover, the return on average equity was 14.46%, showing a 0.21% increase from the previous quarter.
SouthState's efficiency ratio was reported at 56.3% during the last quarter of 2024, reflecting a 1.2% improvement from the previous quarter. Lastly, the company's tangible book value per share was $32.15, a 2.7% increase from the previous quarter.
Investors will be looking for the company's performance in the first quarter of 2025 to see if it has been able to sustain or improve upon these metrics. The upcoming earnings release and conference call will provide valuable insights into SouthState Corporation's financial health and its trajectory going forward. As a result of these announcements, the company's shares have moved -3.7% on the market, and are now trading at a price of $81.47. If you want to know more, read the company's complete 8-K report here.
