On October 6, 2025, Purple Spruce Capital, LLC offered out its complete place in SouthState Financial institution (SSB -0.66%), an estimated $3.24 million commerce primarily based on common pricing for the quarter ending September 30, 2025, based on an SEC submitting.
What occurred
Based on a submitting with the U.S. Securities and Trade Fee dated October 6, 2025, Purple Spruce Capital, LLC totally liquidated its holding in SouthState Financial institution in the course of the quarter. The exit lined 35,244 shares, with a transaction worth of $3.24 million. The fund now studies no remaining shares in SSB.
What else to know
Purple Spruce Capital, LLC, offered out of SouthState Financial institution(SSB -0.66%); the place now represents 0% of 13F AUM as of September 30, 2025
High holdings after the submitting:
NASDAQ:GOOGL: $15.1 million (6.2% of AUM) as of September 30, 2025
NASDAQ:BSCQ: $12.24 million (5.1% of AUM) as of September 30, 2025
NYSE:ABBV: $10.28 million (4.3% of AUM) as of September 30, 2025
NASDAQ:BSCR: $9.91 million (4.1% of AUM) as of September 30, 2025
NASDAQ:AVGO: $8.97 million (3.7% of AUM) as of September 30, 2025
As of October 3, 2025, shares of SouthState Financial institution had been priced at $99.37, up 5.0% from October 3, 2024 to October 3, 2025, underperforming the S&P 500 by 9.58 proportion factors throughout the identical interval
Firm overview
MetricValueRevenue (TTM)$2.84 billionNet revenue (TTM)$591.66 millionDividend yield2.19percentValue (as of market shut October 3, 2025)$99.37
Firm snapshot
Gives a complete suite of banking services, together with checking and financial savings accounts, industrial and residential actual property loans, client lending, debit and bank cards, treasury administration, and funding options.
Maintains a diversified department community and digital channels, providing lending and fee-based companies.
Serves people, small companies, and industrial shoppers throughout the Southeastern United States, with a give attention to regional markets in Florida, South Carolina, Alabama, Georgia, North Carolina, and Virginia.
SouthState Company is a regional financial institution holding firm working within the Southeastern U.S. By a community of 281 branches as of December 31, 2021, and digital platforms, it supplies a broad vary of monetary companies to retail and industrial clients. The corporate employs a diversified enterprise mannequin throughout the regional banking sector.
Silly take
In January, SouthState Financial institution closed on an acquisition of Unbiased Financial institution Group in an all-stock transaction valued at roughly $2 billion. Merging with the Texas-headquartered financial institution elevated SouthState’s asset dimension to about $65 billion.
Regardless of taking over new shares to finish its acquisition of Unbiased Financial institution Group, SouthState was in a position to increase its dividend by a wholesome 11% and additional raises may very well be on the desk. Over the previous 12 months, the financial institution earned $6.73 per share. That is heaps greater than it wants to fulfill a dividend obligation at present set at $2.40 yearly.
SouthState Financial institution has raised its dividend payout for 14 consecutive years. It is risen by an impressive 131% over the previous decade.
The two.4% yield the inventory provides as we speak may not be significantly thrilling. With a quickly rising dividend payout, although, it might produce heaps of passive revenue when you’re able to retire.
Glossary
13F belongings below administration (AUM): The whole worth of securities reported by an institutional funding supervisor in quarterly SEC Type 13F filings.
Liquidated: Offered off a complete funding place, decreasing the holding to zero.
Fund’s AUM: The whole market worth of belongings {that a} fund manages on behalf of shoppers.
Stake: The possession curiosity or place held in a specific firm or asset.
Quarter: A 3-month interval used for monetary reporting and evaluation, typically denoted as Q1, Q2, Q3, or This autumn.
Dividend yield: Annual dividend revenue expressed as a proportion of the present share worth.
Department community: The system of bodily financial institution places operated by a monetary establishment.
Fee-based companies: Monetary companies for which a financial institution expenses a fee, slightly than incomes curiosity.
Regional financial institution holding firm: An organization that owns and controls a number of banks working primarily in a selected geographic space.
TTM: The 12-month interval ending with the latest quarterly report.
