Last $65.87 USD
Change Today +0.14 / 0.21%
Volume 26.2K
As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

south state corp (SSB) Snapshot

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52 Week High
12/27/13 - $68.63
52 Week Low
10/10/14 - $53.87
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Current Stock Chart for SOUTH STATE CORP (SSB)

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south state corp (SSB) Details

South State Corporation operates as a bank holding company for South State Bank that provides retail and commercial banking services, mortgage lending services, trust and investment services, and consumer finance loans. The company accepts demand, savings, interest-bearing transaction accounts, certificates of deposits, and other time deposits. It also provides lending and credit card services, ATM processing, wealth management and trust services, and investment advisory services; and operates as a broker dealer. It operates through financial centers in South Carolina, North Carolina, northeast Georgia, and coastal Georgia. The company was formerly known as First Financial Holdings, Inc. and changed its name to South State Corporation in July 2013. South State Corporation was founded in 1933 and is headquartered in Columbia, South Carolina.

2,057 Employees
Last Reported Date: 11/10/14
Founded in 1933

south state corp (SSB) Top Compensated Officers

Chief Executive Officer, Executive Director, ...
Total Annual Compensation: $645.0K
President and Director
Total Annual Compensation: $703.4K
Chief Financial Officer, Chief Operating Offi...
Total Annual Compensation: $442.0K
President of South Carolina Bank & Trust and ...
Total Annual Compensation: $315.0K
Chief Credit Officer and Senior Executive Vic...
Total Annual Compensation: $295.0K
Compensation as of Fiscal Year 2013.

south state corp (SSB) Key Developments

South State Wealth Appoints L. Banks Wannamaker as Senior Vice President

South State Wealth has appointed L. Banks Wannamaker as senior vice president. Wannamaker joined South State Wealth in 2009, bringing over twenty-one years of experience to his role as a financial consultant in the Orangeburg and Charleston, S.C., markets.

South State Corporation Enters into Amendment to Credit Agreement

On October 27, 2014, South State Corporation entered into an amendment to the credit agreement with U.S. Bank National Association (the lender) dated October 28, 2013. The agreement provides for a $20 million unsecured line of credit by the lender to the company. The maturity date of the agreement is October 26, 2015, provided that the agreement may be extended subject to the approval of the lender. Borrowings by the company under the agreement will bear interest at a rate per annum equal to 1.75% plus the one-month LIBOR rate quoted by the lender from Reuters Screen LIBOR01 Page or any successor thereto, as described in further detail in the agreement. For a period of not less than 30 consecutive days during each 12-month period of the agreement, the company must be prepay so much of the aggregate outstanding principal amount of loans as is necessary to reduce the aggregate outstanding amount of loans to an amount equal to $0 at all times during such 30-day period. The company currently has no outstanding loans under the agreement. Under the terms of the agreement, each quarter the company is required pay an unused commitment fee based upon the average principal balance outstanding during any calendar quarter. As the average balance outstanding increases, the unused commitment fee decreases. Assuming the entire line of credit remains unused for the period of this agreement (364 days), the company would pay the lender $55,000 in an unused fee. This would be the maximum fee paid annually.

South State Corporation Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014

South State Corporation Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014 . Venue: Naples, Florida, United States.


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Industry Average

Valuation SSB Industry Range
Price/Earnings 23.8x
Price/Sales 3.8x
Price/Book 1.6x
Price/Cash Flow 23.1x
TEV/Sales 1.8x

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