SouthState Prepares to Report Earnings as Analysts Expect Slight Revenue Decline

Regional lender SouthState Bank Corporation (NYSE:SSB) is scheduled to release its quarterly financial results on Wednesday after the market closes. Wall Street projects revenue to decrease 1.4% year-over-year. That expected contraction follows a previous quarter where the bank posted $672.7 million in revenue—a 1.2% annual gain that matched analyst projections—along with a slight earnings-per-share beat.

The upcoming report comes after two years of inconsistent top-line performance, during which the firm missed revenue forecasts several times. Even so, analysts have held their estimates steady over the past month. Regional banking shares have faced selling pressure recently, sliding 5.7% on average over the past month, while SouthState stock fell 1.9% over the same timeframe.

Investors will be looking to see if SouthState can match recent positive surprises from industry peers. Other regional institutions have already posted solid reports, including Washington Trust Bancorp, which delivered 15% revenue growth, and Independent Bank, which posted a 7.4% top-line gain. Heading into the earnings report, Wall Street maintains an average price target of $118.64 for SouthState, compared to its recent trading price around $101.20.