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SouthState (SouthState) Pretax Margin % : 35.86% (As of Dec. 2023)


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What is SouthState Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. SouthState's Pre-Tax Income for the three months ended in Dec. 2023 was $137 Mil. SouthState's Revenue for the three months ended in Dec. 2023 was $381 Mil. Therefore, SouthState's pretax margin for the quarter that ended in Dec. 2023 was 35.86%.

The historical rank and industry rank for SouthState's Pretax Margin % or its related term are showing as below:

SSB' s Pretax Margin % Range Over the Past 10 Years
Min: 9.23   Med: 34.35   Max: 44.26
Current: 37.1


SSB's Pretax Margin % is ranked better than
59.12% of 1458 companies
in the Banks industry
Industry Median: 32.76 vs SSB: 37.10

SouthState Pretax Margin % Historical Data

The historical data trend for SouthState's Pretax Margin % 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 Pretax Margin % Chart

SouthState Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.92 9.23 44.26 39.26 37.10

SouthState Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 42.72 39.55 35.98 36.73 35.86

Competitive Comparison of SouthState's Pretax Margin %

For the Banks - Regional subindustry, SouthState's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SouthState's Pretax Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, SouthState's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where SouthState's Pretax Margin % falls into.



SouthState Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

SouthState's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=630.852/1700.638
=37.10 %

SouthState's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=136.584/380.844
=35.86 %

* 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.


SouthState  (NYSE:SSB) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


SouthState Pretax Margin % Related Terms

Thank you for viewing the detailed overview of SouthState's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


SouthState (SouthState) Business Description

Traded in Other Exchanges
Address
1101 First Street South, Suite 202, Winter Haven, FL, USA, 33880
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