South State Corporation (NASDAQ:SSB) banking and financial services provider, is expected to report third quarter earnings results, after market close, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.23 per share from revenue of $ 367.96 million.
Looking ahead, the full year income are expected at $ 3.51 per share on the revenues of $ 1136.93 million.
Previous Quarter Performance
South State Corporation posted income for the second quarter of $ 0.89 per share, from the revenue of $ 216.90 million. The quarterly earnings decreased 36.43 percent while revenues up 35.37 percent compared with the same quarter last year. The top line results outshined analysts by $ 5.53 million or 2.62 percent.
Stock Performance
Shares of South State Corporation traded low $ -1.41 or -2.38 percent on Wednesday, reaching $ 57.87 with volume of 436.50 thousand shares. South State Corporation has traded high as $ 59.36 and has cracked $ 57.71 on the downward trend
According to the previous trading day, closing price of $ 57.87, representing a 46.66 % increase from the 52 week low of $ 40.42 and a 32.71 % decrease over the 52 week high of $ 88.10.
The company has a market capital of $ 4.10 billion and is part of the Financial Services sector and Banks – Regional – US industry.
South State Corporation operates as the bank holding company for South State Bank that provides a range of retail and commercial banking services, mortgage lending services, trust and wealth management services, and consumer finance loans. The company accepts demand deposits, savings deposits, interest-bearing transaction accounts, certificates of deposit, and other time deposits; and offers lending and credit card, and ATM processing services. It serves customers through 168 financial centers in 29 South Carolina counties, 8 North Carolina counties, 17 Georgia counties, and 4 Virginia counties.