SouthState (SouthState) Retained Earnings

: $1,685 Mil (As of Dec. 2023)

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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. SouthState's retained earnings for the quarter that ended in Dec. 2023 was $1,685 Mil.

SouthState's quarterly retained earnings increased from Jun. 2023 ($1,534 Mil) to Sep. 2023 ($1,618 Mil) and increased from Sep. 2023 ($1,618 Mil) to Dec. 2023 ($1,685 Mil).

SouthState's annual retained earnings increased from Dec. 2021 ($998 Mil) to Dec. 2022 ($1,347 Mil) and increased from Dec. 2022 ($1,347 Mil) to Dec. 2023 ($1,685 Mil).

SouthState Retained Earnings Historical Data

The historical data trend for SouthState's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SouthState Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

679.90

657.45

997.66

1,347.04

1,685.17

SouthState Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings																1,347.04	1,448.64	1,533.51	1,618.08	1,685.17

SouthState Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

SouthState (NYSE:SSB) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

SouthState (SouthState) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SouthState Corp (NYSE:SSB) » Definitions » Retained Earnings

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Traded in Other Exchanges

FJ5:Germany

Address

1101 First Street South, Suite 202, Winter Haven, FL, USA, 33880

Website

https://www.southstatebank.com

SouthState Corp is a United States-based bank holding company. It provides a wide range of banking services and products to its customers through a wholly-owned bank subsidiary, South State Bank. The Bank provides retail and commercial banking services, mortgage lending services, trust and investment services, and consumer finance loans through financial centers in Alabama, Florida, Georgia, North Carolina, South Carolina, and Virginia. These services include demand, time and savings deposits, lending and credit card servicing, ATM processing, and wealth management and trust services.

Executives

Greg A Lapointe	officer: President of SSB	520 GERVAIS STREET, COLUMBIA SC 29201
Page G Ruffner Jr	director
Douglas Lloyd Williams	officer: President, Atlanta Banking Grp	3280 PEACHTREE ROAD NE, SUITE 1600, ATLANTA GA 30305
John C Pollok	officer: Executive Vice President	C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Hill Robert R Jr	officer: President & CEO	C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Robert R Horger	director, officer: Chairman	C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Renee R Brooks	officer: CHIEF ADMINISTRATIVE OFFICER	C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Ronald M. Cofield	director	1101 FIRST STREET SOUTH, WINTER HAVEN FL 33880
Shantella E. Cooper	director	241 RALPH MCGILL BLVD., NW, ATLANTA GA 30308
Douglas J. Hertz	director	3280 PEACHTREE ROAD NE, SUITE 1600, ATLANTA GA 30305
Ernest S Pinner	director
Matthews William E V	officer: Chief Financial Officer
John C Corbett	director, officer: CEO	1101 FIRST STREET SOUTH, SUITE 202, WINTER HAVEN FL 33880
Stephen Dean Young	officer: Chief Strategy Officer	42745 U.S. HIGWAY 27, DAVENPORT FL 33837
David G Salyers	director	1101 FIRST STREET SOUTH, SUITE 202, WINTER HAVEN FL 33880