SouthState to sell 170 branches in $475M lease-back deal [Yahoo! Finance]
SouthState Bank Corporation (SSB)
NASDAQ:AMEX Investor Relations:
southstatebank.com/rci_pt_bumper/5756
Company Research
Source: Yahoo! Finance
Winter Haven, Florida-based SouthState Bank has agreed to sell nearly 170 of its branches to Blue Owl Real Estate Capital for a cash purchase of roughly $475 million, the company said in a Securities and Exchange Commission filing Monday Following the closing of the sale of the branches, SouthState will enter into triple net lease agreements with Blue Owl for each branch, with initial lease terms of 15 years, according to the filing. SouthState can renew the leases three consecutive times, with five years for each agreement. There will be a 2% annual rent hike during the initial and renewal terms, according to the filing. The affected branches are in Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia. The lender said it will not shut down any branches or exit any market as part of the sale-leaseback transaction. SouthState anticipates earning additional interest income by investing the proceeds from the sale-leaseback transaction; it will be initially alloca
Show less
Read more
Impact Snapshot
Event Time:
SSB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SSB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SSB alerts
High impacting SouthState Bank Corporation news events
Weekly update
A roundup of the hottest topics
SSB
News
- SouthState Named Among America's Best Banks and Employers by Top Industry Rankings [Yahoo! Finance]Yahoo! Finance
- SouthState Named Among America's Best Banks and Employers by Top Industry RankingsPR Newswire
- SouthState Bank (NYSE:SSB) is now covered by analysts at JPMorgan Chase & Co.. They set an "overweight" rating and a $115.00 price target on the stock.MarketBeat
- SouthState Bank (NYSE:SSB) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- SouthState Bank (NYSE:SSB) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
SSB
Earnings
- 10/22/25 - Beat
SSB
Sec Filings
- 12/16/25 - Form 4
- 12/11/25 - Form 4
- 12/10/25 - Form 4
- SSB's page on the SEC website