Hovde Group Upgrades SouthState Bank (SSB) to Outperform

SouthState Bank Corporation (NYSE:SSB) is one of the 11 Best American Bank Stocks to Buy According to Wall Street Analysts. On March 19, Hovde Group upgraded its rating on SouthState Bank Corporation (NYSE:SSB) from Market Perform to Outperform with a price target of $110 on the stock.

In the fourth quarter of 2025, SouthState Bank Corporation (NYSE:SSB) reported strong growth in loans and deposits, which reached an annualized rate of 8%. The company reported diluted earnings per share (EPS) of $2.46, marking a 32% increase year-over-year. Adjusted diluted EPS was $2.47 for the quarter, an increase of 28% compared to the same period last year.

Hovde Group Upgrades SouthState Bank (SSB) to Outperform

SouthState Bank Corporation (NYSE:SSB) Chief Executive Officer, John C. Corbett, highlighted the company’s strong returns and noted that it repurchased 2 million shares during the fourth quarter of 2025. Corbett also pointed out that the board has approved a new share repurchase plan for 5.56 million shares.

Corbett added that heading into 2026, SouthState Bank Corporation (NYSE:SSB) has “full” pipelines and the company is expected to continue on its growth trajectory.

SouthState Bank Corporation (NYSE:SSB) is a prominent regional bank holding company in the Southeastern US. It offers consumer/commercial banking, mortgage lending, and wealth management across Alabama, Florida, Georgia, North Carolina, South Carolina, and Virginia.

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