• SouthState Bank (NYSE:SSB) has introduced a new multi year share repurchase program.
• The bank has completed the integration of Independent Bank ahead of schedule.
• The combined platform expands SouthState's presence into Texas and Colorado.

SouthState Bank, trading at $102.78, is coming off a mixed share price record, with a 9.1% return year to date and a 35.5% return over three years, alongside a 0.6% decline over the past year. Recent shorter term momentum has been positive, with the stock up 2.2% over the past week and 8.1% over the past month.

For investors, the new buyback program and the completed Independent Bank integration highlight a period of meaningful corporate activity for NYSE:SSB. The move into Texas and Colorado may give the bank more scope to build deposits and loan relationships over time, which could be important if management continues to prioritize shareholder focused actions such as repurchases.

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Quick Assessment

• ✅ Price vs Analyst Target: At $102.78 versus a $118.46 analyst target, the price sits about 13% below consensus.
• ✅ Simply Wall St Valuation: Simply Wall St estimates the shares trade about 47% below its fair value.
• ✅ Recent Momentum: The stock is up about 8.1% over the last 30 days.

Check out Simply Wall St's in depth valuation analysis for SouthState Bank.

Key Considerations

• 📊 The multi year buyback and completed Independent Bank integration signal active capital management and a larger regional footprint to assess.
• 📊 Watch how loan growth, deposit trends and P/E of 12.76 versus the 11.73 industry average evolve as the Texas and Colorado expansion is integrated.
• ⚠️ Simply Wall St flags a prior year of shareholder dilution, so you may want to see how the new repurchase program affects share count over time.

Dig Deeper

For the full picture including more risks and rewards, check out the complete SouthState Bank analysis.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.