South State Corporation (SSB) financial statements (2021 and earlier)

Company profile

Business Address 520 GERVAIS STREET
COLUMBIA, SC 29201
State of Incorp. SC
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 376378374696418
Cash and cash equivalents 376378374696418
Disposal group, including discontinued operation     60
Total current assets: 376378374696478
Noncurrent Assets
Property, plant and equipment 241256184175172
Intangible assets, net (including goodwill) 1,0661,073378386367
Goodwill 1,0031,000338338318
Intangible assets, net (excluding goodwill) 6374404749
Amortization method qualified affordable housing project investments 443727 
Total noncurrent assets: 1,3511,366588560539
Other undisclosed assets 12,94912,7237,9387,3016,809
TOTAL ASSETS: 14,67614,4678,9018,5577,826
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 150100   
Total current liabilities: 150100   
Noncurrent Liabilities
Long-term debt and lease obligation   5555101
Long-term debt, excluding current maturities   5555101
Total noncurrent liabilities:   5555101
Other undisclosed liabilities 12,16012,0587,7117,4436,740
Total liabilities: 12,31012,1587,7667,4986,841
Stockholders' equity
Stockholders' equity attributable to parent 2,3662,3091,1351,059985
Common stock 9092616060
Additional paid in capital 1,7501,808711704702
Accumulated other comprehensive loss (25)(10)(8)(4)(0)
Retained earnings 551420371299223
Total stockholders' equity: 2,3662,3091,1351,059985
TOTAL LIABILITIES AND EQUITY: 14,67614,4678,9018,5577,826

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 567559456454442
Net investment income 567426333338342
Financial services revenue133123116100
Cost of revenue (14)(12)(7)(6)(7)
Provision for loan, lease, and other losses (14)
Financial services costs(12)(7)(6)(7)
Gross profit: 553547450449436
Operating expenses (130)(267)(225)(58)(223)
Operating income: 423281224391213
Nonoperating income  10 8
Investment income, nonoperating  10 0
Gains on sales of other real estate     8
Interest and debt expense (54)(17)(8)(10)(16)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (230)(94)
Income from continuing operations before equity method investments, income taxes: 369265216150111
Other undisclosed loss from continuing operations before income taxes (145)(96)(62)  
Income from continuing operations before income taxes: 224169154150111
Income tax expense (45)(81)(53)(51)(36)
Net income attributable to parent: 179881019975
Preferred stock dividends and other adjustments     (1)
Net income available to common stockholders, diluted: 179881019974

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income: 179881019975
Other comprehensive loss (12)(2)(4)(3)(2)
Comprehensive income: 16785979673
Other undisclosed comprehensive income, net of tax, attributable to parent     12
Comprehensive income, net of tax, attributable to parent: 16785979685

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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