Executive Parts Ways With 4,000 Shares of Regional Bank Stock, Following 11% Rally
Matthews reduced his direct stake by 9%, retaining 40,568 shares worth $4.35 million. The sale occurred as the stock maintained an 11% one-year return.
Overview
William E. V. Matthews, Chief Financial Officer of SouthState Bank Corporation (NYSE:SSB), reported a sale of 4,000 shares of common stock on Aug. 19, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($108.93); post-transaction value based on Aug. 19, 2026, market close ($107.14).
Details
SouthState Bank Corporation is a regional bank holding company with a market capitalization of $10.7 billion and TTM revenue of $3.2 billion, demonstrating substantial scale in the regional banking sector. The company's net income of $950.2 million reflects a net profit margin of approximately 29.7%, indicating strong operational efficiency and profitability. As a diversified financial services provider, SouthState Bank competes through its comprehensive product suite, correspondent banking relationships, and regional market presence, serving approximately 6,431 employees across its operations.
Source
Originally published at www.fool.com.