Is SouthState Bank Corp (SSB) Halal?

NYSE Financial Services United States $9.0B
✗ NOT HALAL
Confidence: 95/100
SouthState Bank Corp (SSB) is Not Halal under AAOIFI Standard 21 due to its classification in the Banks - Regional industry, which is excluded under Shariah screening. Companies operating in prohibited sectors such as conventional banking, insurance, alcohol, tobacco, and gambling are automatically excluded regardless of their financial ratios.

Shariah Screening — 5 Standards

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI Excluded — Banks - Regional ✗ NOT HALAL
DJIM Excluded — Banks - Regional ✗ NOT HALAL
MSCI Excluded — Banks - Regional ✗ NOT HALAL
S&P Excluded — Banks - Regional ✗ NOT HALAL
FTSE Excluded — Banks - Regional ✗ NOT HALAL

Financial Highlights

P/E Ratio
11.4
Forward: 8.5
EPS
$7.87
Dividend Yield
267.0%
Payout: 29.0%
P/B Ratio
1.0
Revenue
$2.6B
Growth: 52.0%
Beta
0.7
Low volatility

Profitability

Gross Margin 0.0%
Operating Margin 51.1%
Net Margin 31.2%
Return on Equity (ROE) 10.7%
Return on Assets (ROA) 1.4%

Cash Flow & Balance Sheet

Operating Cash Flow$301M
Free Cash Flow$231M
Total Debt$686M
Total Assets$67.2B

Price & Trading

Last Close$91.96
50-Day MA$98.58
200-Day MA$95.80
Avg Volume849K
Beta0.7
52-Week Range
$77.74
$108.46

About SouthState Bank Corp (SSB)

CEO
Mr. John C. Corbett
Employees
6,190
Sector
Financial Services
Industry
Banks - Regional
Country
United States
Exchange
NYSE
Market Cap
$9.0B
Currency
USD

SouthState Bank Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States. The company offers checking accounts, savings accounts, money market accounts, and time deposit accounts; interest-bearing deposits, certificates of deposits, and other time deposits; and interest-bearing transaction accounts. It provides bond accounting services for correspondents, asset/liability consulting related activities, international wires, and other clearing and corporate checking account services. In addition, the company offers commercial real estate, residential real estate, and commercial and industrial loans, as well as consumer loans, including auto, boat, and personal installment, as well as business, agriculture, real estate-secured (mortgage), home improvement, and manufactured housing loans. Further, it provides debit and credit card, mobile services, funds transfer products and services, and treasury management services comprising merchant, automated clearing house, lock-box, remote deposit capture, and other treasury services, as well as asset and wealth management, and other fiduciary and private banking services. Additionally, the company offers safe deposit boxes, bank money orders, wire transfer and ACH services, brokerage services, and alternative investment products, such as annuities and mutual funds, trust and asset management services; letters of credit and home equity lines of credit; and online, mobile, and telephone banking platforms. The company was formerly known as SouthState Corporation and changed its name to SouthState Bank Corporation in September 2025. SouthState Bank Corporation was founded in 1933 and is headquartered in Winter Haven, Florida.

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Frequently Asked Questions

Is SouthState Bank Corp (SSB) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), SouthState Bank Corp is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.

What is SouthState Bank Corp's debt ratio?

SouthState Bank Corp's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.

What are SouthState Bank Corp's key financial metrics?

SouthState Bank Corp has a market capitalization of $9.0B, trailing P/E ratio of 11.4, and revenue of $2.6B. Return on equity stands at 10.7%.

How often is the screening data updated?

Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.