• SouthState average operating margin for 2023 was 33.89%, a 16.55% decline from 2022.
• SouthState average operating margin for 2022 was 40.61%, a 8.55% decline from 2021.
• SouthState average operating margin for 2021 was 37.41%, a 111.95% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.