• SouthState average operating margin for 2024 was 27.79%, a 18% decline from 2023.
• 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.

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.