Southern States Bancshares, Inc. (SSBK)
| Market Cap | 308.33M |
| Revenue (ttm) | 87.12M |
| Net Income (ttm) | 32.57M |
| Shares Out | 9.88M |
| EPS (ttm) | 3.51 |
| PE Ratio | 8.89 |
| Forward PE | 7.85 |
| Dividend | $0.36 (1.15%) |
| Ex-Dividend Date | Nov 1, 2024 |
| Volume | 9,757 |
| Open | 31.42 |
| Previous Close | 31.27 |
| Day's Range | 31.00 - 31.77 |
| 52-Week Range | 22.13 - 34.72 |
| Beta | 0.22 |
| Analysts | Buy |
| Price Target | 36.00 (+15.39%) |
| Earnings Date | Oct 21, 2024 |
About SSBK
Southern States Bancshares, Inc. operates as the bank holding company for Southern States Bank that provides community banking services to businesses and individuals. The company provides various deposit products, such as savings, money market, and noninterest-bearing demand accounts; certificates of deposit; and time deposits. It offers real estate loan products, including loans for real estate construction and development, residential mortgages, and commercial real estate mortgage loans; commercial and industrial loans; and direct consumer in... [Read more]
Financial Performance
In 2023, SSBK's revenue was $82.90 million, an increase of 11.40% compared to the previous year's $74.41 million. Earnings were $31.95 million, an increase of 18.03%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for SSBK stock is "Buy" and the 12-month stock price forecast is $36.0.
News
Southern States Bancshares, Inc. Announces Third Quarter 2024 Financial Results
Third Quarter 2024 Performance and Operational Highlights Net income of $7.4 million, or $0.76 per diluted share Core net income(1) of $8.7 million, or $0.89 per diluted share(1) Core pretax pre-provi...
Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 per Share
ANNISTON, Ala., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”), the holding company for Southern States Bank, an Alabama state-chartered commerci...
Southern States Bancshares Completes Acquisition of CBB Bancorp
ANNISTON, Ala., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”), the holding company for Southern States Bank, announced today the completion of i...
Southern States Bancshares, Inc. Announces Second Quarter 2024 Financial Results
Second Quarter 2024 Performance and Operational Highlights Net income of $8.2 million, or $0.90 per diluted share Core net income (1) of $9.1 million, or $1.00 per diluted share (1) Net interest incom...
Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 Per Share
ANNISTON, Ala., July 17, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”), the holding company for Southern States Bank, an Alabama state-chartered commerci...
Southern States Bancshares, Inc. Announces First Quarter 2024 Financial Results
First Quarter 2024 Performance and Operational Highlights Net income of $8.1 million, or $0.90 per diluted share Core net income (1) of $8.1 million, or $0.90 per diluted share (1) Net interest income...
Southern States Bancshares Announces Retirement of COO Jack Swift
ANNISTON, Ala., March 21, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States” or the “Company”), the holding company for Southern States Bank, an Alabama state-...
Southern States Bancshares to Enhance Georgia Franchise With Acquisition of CBB Bancorp
ANNISTON, Ala. and CARTERSVILLE, Ga., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”), the holding company for Southern States Bank, and CBB Banco...
Southern States Bancshares, Inc. Announces Fourth Quarter 2023 Financial Results
Fourth Quarter 2023 Performance and Operational Highlights Core net income (1) of $7.3 million, or $0.81 per diluted share (1) Net income of $8.9 million, or $0.99 per diluted share Net interest incom...
Southern States Bancshares, Inc. Announces Renewal of $10.0 Million Stock Repurchase Program
ANNISTON, Ala., Dec. 20, 2023 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States” or the “Company”), the holding company for Southern States Bank, an Alabama state-c...
Southern States Bancshares, Inc. Announces Third Quarter 2023 Financial Results
Third Quarter 2023 Performance and Operational Highlights Core net income ( 1) of $9.6 million, or $1.06 per diluted share (1) Net income of $6.6 million, or $0.73 per diluted share Net interest incom...
Southern States Bancshares, Inc. Announces Second Quarter 2023 Financial Results
Second Quarter 2023 Performance and Operational Highlights Net income of $8.8 million, or $0.98 per diluted share Core net income (1) of $7.1 million, or $0.79 per diluted share (1) Net i...
These banks have high exposure to loans secured by office properties — here's how their stocks have performed
Investors are right to be worried about declining values for office buildings. We appear to be at the start of a long transition for many cities, after the COVID-19 pandemic made clear that for many t...
Southern States Bancshares, Inc. Announces First Quarter 2023 Financial Results
First Quarter 2023 Performance and Operational Highlights Net income of $7.7 million, or $0.85 per diluted share Core net income(1) of $7.3 million, or $0.80 per diluted share(1) Net interest income o...
Southern States Bancshares, Inc. Announces Renewal of $10.0 million Stock Repurchase Program
ANNISTON, Ala., March 07, 2023 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States” or the “Company”), the holding company for Southern States Bank, an Alabama state-...
Southern States Bancshares, Inc. Announces Appointment of Three Directors, Deepening Board Experience in High-Growth Atlanta Region
ANNISTON, Ala., Feb. 22, 2023 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States” or the “Company”), the holding company for Southern States Bank, an Alabama state-c...
Southern States Bancshares, Inc. Announces Fourth Quarter 2022 Financial Results
Fourth Quarter 2022 Performance and Operational Highlights
Southern States Bancshares, Inc. Announces Completion of $40 Million Subordinated Notes Offering
ANNISTON, Ala., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States" or the “Company"), the holding company for Southern States Bank, an Alabama state-c...
Southern States Bancshares, Inc. Announces Third Quarter 2022 Financial Results
Third Quarter 2022 Highlights
Southern States Bancshares, Inc. Announces Second Quarter 2022 Financial Results
Second Quarter 2022 Highlights
Southern States Bancshares, Inc. Announces Extension of Exchange Offer for 3.50% Fixed-to-Floating Rate Subordinated Notes due 2032
ANNISTON, Ala., June 22, 2022 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States” or the “Company”) announced today that it has extended its registered exchange offe...
First Bank of Alabama to Acquire Branches from Southern States Bank
TALLADEGA, Ala. and ANNISTON, Ala., May 23, 2022 (GLOBE NEWSWIRE) -- Talladega-based First Bank of Alabama (“FBA”), subsidiary of FirstBanc of Alabama, Inc. and Anniston-based Southern States Bank (“S...
Southern States Bancshares, Inc. Announces First Quarter 2022 Financial Results
First Quarter 2022 Highlights
Southern States Bancshares, Inc. Announces Appointment of Mark Chambers as Director and CEO of Southern States Bank
ANNISTON, Ala., March 16, 2022 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States” or the “Company”), the holding company for Southern States Bank, an Alabama state-...
Southern States Bancshares, Inc. Announces $10.0 million Stock Repurchase Program
ANNISTON, Ala., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States” or the “Company”), the holding company for Southern States Bank, an Alabama state-c...