Dj Southstate Bank Corp Com, Inst Holders, 3Q 2025 (Ssb)

What Happened?

A number of stocks jumped in the afternoon session after comments from a key Federal Reserve official boosted hopes for an interest rate cut. New York Federal Reserve President John Williams stated he sees “room for a further adjustment” in the near term, sparking a significant market rally. Following his remarks, the probability of the central bank cutting rates at its December meeting jumped from 39% to over 73%, according to the CME FedWatch tool. This positive sentiment provided relief to markets amid concerns over high valuations, particularly in AI-related stocks.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• Regional Banks company Commerce Bancshares jumped 2.8%. Is now the time to buy Commerce Bancshares? Access our full analysis report here, it’s free for active Edge members.
• Regional Banks company Bank of Hawaii jumped 2.8%. Is now the time to buy Bank of Hawaii? Access our full analysis report here, it’s free for active Edge members.
• Regional Banks company SouthState jumped 2.7%. Is now the time to buy SouthState? Access our full analysis report here, it’s free for active Edge members.
• Thrifts & Mortgage Finance company PennyMac Mortgage Investment Trust jumped 2.7%. Is now the time to buy PennyMac Mortgage Investment Trust? Access our full analysis report here, it’s free for active Edge members.

Zooming In On Commerce Bancshares (CBSH)

Commerce Bancshares’s shares are not very volatile and have only had 3 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

The biggest move we wrote about over the last year was about 1 month ago when the stock dropped 4.7% on the news that the company reported third-quarter financial results that missed analyst expectations for both revenue and earnings per share. 

The bank reported earnings of $1.06 per share, falling short of the consensus estimate of $1.10. Revenue for the quarter came in at $441 million, missing forecasts of $446.4 million. Delving deeper into the results, other key metrics also failed to meet expectations. Net interest income, a crucial measure of a bank's core lending profitability, was $279.5 million, below the consensus estimate of $285.7 million. Additionally, the bank's efficiency ratio of 55.3%, a measure of expenses relative to revenue, was weaker than the 54.7% analysts had projected. Overall, the broad-based misses pointed to a challenging quarter for the bank.

Commerce Bancshares is down 12% since the beginning of the year, and at $54.36 per share, it is trading 23.2% below its 52-week high of $70.82 from November 2024. Investors who bought $1,000 worth of Commerce Bancshares’s shares 5 years ago would now be looking at an investment worth $1,018.

Since May 2025, SouthState has been in a holding pattern, posting a small loss of 2.4% while floating around $85.75. The stock also fell short of the S&P 500’s 13.7% gain during that period.

Is now the time to buy SSB? Find out in our full research report, it’s free for active Edge members.

Why Are We Positive On SSB?

With roots dating back to the Great Depression era of 1933, SouthState is a financial holding company that provides banking services, wealth management, and correspondent banking services across six southeastern states.

1. Net Interest Income Skyrockets, Fueling Growth Opportunities

Net interest income commands greater market attention due to its reliability and consistency, whereas one-time fees are often seen as lower-quality revenue that lacks the same dependable characteristics.

SouthState’s net interest income has grown at a 24.9% annualized rate over the last five years, much better than the broader banking industry and faster than its total revenue. Its growth was driven by both an increase in its outstanding loans and net interest margin, which represents how much a bank earns in relation to its outstanding loan book.

3. Outstanding Long-Term EPS Growth

We track the long-term change in earnings per share (EPS) because it highlights whether a company’s growth is profitable.

SouthState’s EPS grew at an astounding 13.4% compounded annual growth rate over the last five years. This performance was better than most banking businesses.

Final Judgment

These are just a few reasons SouthState is a rock-solid business worth owning. With its shares underperforming the market lately, the stock trades at 1× forward P/B (or $85.75 per share). Is now a good time to buy? See for yourself in our full research report, it’s free for active Edge members.

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how First Commonwealth Financial and the rest of the regional banks stocks fared in Q3.

Regional banks, financial institutions operating within specific geographic areas, serve as intermediaries between local depositors and borrowers. They benefit from rising interest rates that improve net interest margins (the difference between loan yields and deposit costs), digital transformation reducing operational expenses, and local economic growth driving loan demand. However, these banks face headwinds from fintech competition, deposit outflows to higher-yielding alternatives, credit deterioration (increasing loan defaults) during economic slowdowns, and regulatory compliance costs. Recent concerns about regional bank stability following high-profile failures and significant commercial real estate exposure present additional challenges.

The 94 regional banks stocks we track reported a satisfactory Q3. As a group, revenues missed analysts’ consensus estimates by 1.1%.

While some regional banks stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 3.2% since the latest earnings results.

First Commonwealth Financial

Tracing its roots back to the Great Depression era of 1934, First Commonwealth Financial is a financial holding company that provides consumer and commercial banking, wealth management, and insurance services across Pennsylvania and Ohio.

First Commonwealth Financial reported revenues of $136 million, up 11.9% year on year. This print was in line with analysts’ expectations, but overall, it was a slower quarter for the company with a significant miss of analysts’ EPS estimates and a slight miss of analysts’ net interest income estimates.

“Our third quarter results reflect continued momentum across our core banking operations,” stated T. Michael Price, President and Chief Executive Officer.

Unsurprisingly, the stock is down 5.9% since reporting and currently trades at $15.43.

Is now the time to buy First Commonwealth Financial? Access our full analysis of the earnings results here, it’s free for active Edge members.

Best Q3: Customers Bancorp

Originally founded with a "high-tech, high-touch" branch-light banking strategy, Customers Bancorp is a bank holding company that provides commercial and consumer banking services through its Customers Bank subsidiary, with a focus on business lending and digital banking.

Customers Bancorp reported revenues of $232.1 million, up 38.5% year on year, outperforming analysts’ expectations by 7%. The business had a stunning quarter with an impressive beat of analysts’ net interest income estimates and a solid beat of analysts’ revenue estimates.

Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 1.8% since reporting. It currently trades at $64.38.

Is now the time to buy Customers Bancorp? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: The Bancorp

Operating behind the scenes of many popular fintech apps and prepaid cards you might use daily, The Bancorp is a bank holding company that specializes in providing banking services to fintech companies and offering specialty lending products.

The Bancorp reported revenues of $174.6 million, up 38.8% year on year, falling short of analysts’ expectations by 10%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ net interest income estimates.

As expected, the stock is down 22.6% since the results and currently trades at $59.72.

Read our full analysis of The Bancorp’s results here.

SouthState

With roots dating back to the Great Depression era of 1933, SouthState is a financial holding company that provides banking services, wealth management, and correspondent banking services across six southeastern states.

SouthState reported revenues of $698.8 million, up 63.9% year on year. This result surpassed analysts’ expectations by 6.5%. It was a stunning quarter as it also logged an impressive beat of analysts’ net interest income estimates and a solid beat of analysts’ revenue estimates.

The stock is down 9.1% since reporting and currently trades at $85.31.

Read our full, actionable report on SouthState here, it’s free for active Edge members.

ServisFirst Bancshares

Founded in 2005 with a focus on serving underserved mid-sized businesses, ServisFirst Bancshares is a bank holding company that provides commercial banking services to businesses and professionals through its subsidiary ServisFirst Bank.

ServisFirst Bancshares reported revenues of $136.3 million, up 10.2% year on year. This print missed analysts’ expectations by 7.2%. Overall, it was a disappointing quarter as it also recorded a significant miss of analysts’ revenue estimates and a significant miss of analysts’ net interest income estimates.

The stock is down 10.6% since reporting and currently trades at $68.22.

Read our full, actionable report on ServisFirst Bancshares here, it’s free for active Edge members.

As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the regional banks industry, including Westamerica Bancorporation and its peers.

Regional banks, financial institutions operating within specific geographic areas, serve as intermediaries between local depositors and borrowers. They benefit from rising interest rates that improve net interest margins (the difference between loan yields and deposit costs), digital transformation reducing operational expenses, and local economic growth driving loan demand. However, these banks face headwinds from fintech competition, deposit outflows to higher-yielding alternatives, credit deterioration (increasing loan defaults) during economic slowdowns, and regulatory compliance costs. Recent concerns about regional bank stability following high-profile failures and significant commercial real estate exposure present additional challenges.

The 94 regional banks stocks we track reported a satisfactory Q3. As a group, revenues missed analysts’ consensus estimates by 1.1%.

In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.

Westamerica Bancorporation

Founded in 1884 and serving communities from Mendocino County in the north to Kern County in the south, Westamerica Bancorporation provides banking services to individuals and small businesses throughout Northern and Central California.

Westamerica Bancorporation reported revenues of $63.74 million, down 14% year on year. This print exceeded analysts’ expectations by 2%. Overall, it was a strong quarter for the company with a solid beat of analysts’ net interest income estimates and a decent beat of analysts’ revenue estimates.

"Westamerica’s third quarter 2025 results benefited from the Company’s low-cost operating principles. The annualized cost of funding interest-earning loans, bonds and cash was 0.26 percent for the third quarter 2025. The Company recognized no provision for credit losses in the third quarter 2025. At September 30, 2025, nonperforming assets were $2.6 million and the allowance for credit losses on loans was $11.9 million. Westamerica operated efficiently, spending 40 percent of its revenue on operating costs in the third quarter 2025,” said Chairman, President and CEO David Payne.

Interestingly, the stock is up 3.3% since reporting and currently trades at $47.99.

Is now the time to buy Westamerica Bancorporation? Access our full analysis of the earnings results here, it’s free for active Edge members.

Best Q3: Customers Bancorp

Originally founded with a "high-tech, high-touch" branch-light banking strategy, Customers Bancorp is a bank holding company that provides commercial and consumer banking services through its Customers Bank subsidiary, with a focus on business lending and digital banking.

Customers Bancorp reported revenues of $232.1 million, up 38.5% year on year, outperforming analysts’ expectations by 7%. The business had a stunning quarter with an impressive beat of analysts’ net interest income estimates and a solid beat of analysts’ revenue estimates.

The market seems content with the results as the stock is up 2% since reporting. It currently trades at $66.83.

Is now the time to buy Customers Bancorp? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: The Bancorp

Operating behind the scenes of many popular fintech apps and prepaid cards you might use daily, The Bancorp is a bank holding company that specializes in providing banking services to fintech companies and offering specialty lending products.

The Bancorp reported revenues of $174.6 million, up 38.8% year on year, falling short of analysts’ expectations by 10%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue and net interest income estimates.

As expected, the stock is down 20.3% since the results and currently trades at $61.55.

Read our full analysis of The Bancorp’s results here.

TriCo Bancshares

Founded in 1975 and headquartered in Chico, California, TriCo Bancshares operates Tri Counties Bank, providing personal, small business, and commercial banking services through branches across California.

TriCo Bancshares reported revenues of $107.6 million, up 8.6% year on year. This number beat analysts’ expectations by 1.2%. Overall, it was a strong quarter as it also produced a beat of analysts’ EPS and tangible book value per share estimates.

The stock is up 7.5% since reporting and currently trades at $45.74.

Read our full, actionable report on TriCo Bancshares here, it’s free for active Edge members.

SouthState

With roots dating back to the Great Depression era of 1933, SouthState is a financial holding company that provides banking services, wealth management, and correspondent banking services across six southeastern states.

SouthState reported revenues of $698.8 million, up 63.9% year on year. This result topped analysts’ expectations by 6.5%. It was a stunning quarter as it also put up an impressive beat of analysts’ net interest income estimates and a solid beat of analysts’ revenue estimates.

The stock is down 5.3% since reporting and currently trades at $88.88.

Read our full, actionable report on SouthState here, it’s free for active Edge members.