Southern States Bancshares, Inc. (SSBK)
NASDAQ: SSBK · Real-Time Price · USD
34.49
-0.20 (-0.58%)
May 30, 2025, 2:18 PM - Market open
SSBK Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2018 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2018 - 2019 |
| Interest Income on Loans | 151.29 | 146.71 | 114.66 | 74.94 | 54.71 | 47.79 | Upgrade
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| Interest Income on Investments | 22.92 | 23.07 | 17.6 | 7.91 | 3.07 | 2.5 | Upgrade
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| Total Interest Income | 174.21 | 169.78 | 132.26 | 82.85 | 57.78 | 50.29 | Upgrade
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| Interest Paid on Deposits | 71.41 | 70.63 | 45.37 | 8.91 | 4.31 | 7.85 | Upgrade
|
| Interest Paid on Borrowings | 7.05 | 7.44 | 6.78 | 2.61 | 0.55 | 0.85 | Upgrade
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| Total Interest Expense | 78.46 | 78.07 | 52.15 | 11.51 | 4.86 | 8.71 | Upgrade
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| Net Interest Income | 95.75 | 91.71 | 80.11 | 71.34 | 52.91 | 41.58 | Upgrade
|
| Net Interest Income Growth (YoY) | 17.62% | 14.47% | 12.30% | 34.82% | 27.27% | 19.31% | Upgrade
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| Gain (Loss) on Sale of Investments | 0.14 | 0.11 | 0.56 | -0.63 | -0.06 | 0.74 | Upgrade
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| Other Non-Interest Income | 5.51 | 5.26 | 6.53 | 7.45 | 9.33 | 6.34 | Upgrade
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| Total Non-Interest Income | 7.78 | 7.39 | 8.87 | 8.68 | 10.8 | 8.54 | Upgrade
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| Non-Interest Income Growth (YoY) | -6.95% | -16.72% | 2.27% | -19.68% | 26.48% | 27.29% | Upgrade
|
| Revenues Before Loan Losses | 103.52 | 99.1 | 88.99 | 80.02 | 63.72 | 50.12 | Upgrade
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| Provision for Loan Losses | 4.5 | 4.96 | 6.09 | 5.61 | 2.98 | 3.3 | Upgrade
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| Revenue | 99.03 | 94.14 | 82.9 | 74.41 | 60.73 | 46.82 | Upgrade
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| Revenue Growth (YoY) | 18.43% | 13.56% | 11.40% | 22.52% | 29.72% | 30.56% | Upgrade
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| Salaries and Employee Benefits | 25.84 | 25.21 | 23.2 | 23.69 | 20.84 | 18.03 | Upgrade
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| Federal Deposit Insurance | 1.66 | 1.59 | 1.2 | 0.93 | 0.95 | 0.78 | Upgrade
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| Selling, General & Administrative | 7.81 | 7.34 | 6.17 | 6.27 | 6.59 | 6.26 | Upgrade
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| Other Non-Interest Expense | 13.66 | 12.9 | 9.71 | 8.73 | 8.05 | 7.13 | Upgrade
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| Total Non-Interest Expense | 48.97 | 47.04 | 40.28 | 39.61 | 36.44 | 32.19 | Upgrade
|
| EBT Excluding Unusual Items | 50.06 | 47.1 | 42.62 | 34.8 | 24.3 | 14.63 | Upgrade
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| Other Unusual Items | - | - | -1.6 | - | - | - | Upgrade
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| Pretax Income | 48.55 | 45.59 | 41.02 | 34.8 | 24.3 | 14.63 | Upgrade
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| Income Tax Expense | 11.45 | 10.72 | 9.07 | 7.73 | 5.73 | 2.53 | Upgrade
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| Net Income | 37.1 | 34.87 | 31.95 | 27.07 | 18.57 | 12.11 | Upgrade
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| Net Income to Common | 37.1 | 34.87 | 31.95 | 27.07 | 18.57 | 12.11 | Upgrade
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| Net Income Growth | 14.51% | 9.13% | 18.03% | 45.80% | 53.36% | 116.12% | Upgrade
|
| Basic Shares Outstanding | 10 | 9 | 9 | 9 | 8 | 8 | Upgrade
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| Diluted Shares Outstanding | 10 | 10 | 9 | 9 | 8 | 8 | Upgrade
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| Shares Change (YoY) | 8.00% | 5.15% | 0.99% | 7.61% | 7.09% | 12.52% | Upgrade
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| EPS (Basic) | 3.86 | 3.73 | 3.63 | 3.09 | 2.26 | 1.58 | Upgrade
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| EPS (Diluted) | 3.80 | 3.67 | 3.53 | 3.02 | 2.23 | 1.56 | Upgrade
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| EPS Growth | 6.02% | 3.77% | 16.90% | 35.61% | 43.12% | 92.70% | Upgrade
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| Dividend Per Share | 0.360 | 0.360 | 0.360 | 0.360 | 0.180 | 0.330 | Upgrade
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| Dividend Growth | - | - | - | 100.00% | -45.45% | 6.45% | Upgrade
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| Effective Tax Rate | 23.58% | 23.52% | 22.11% | 22.20% | 23.59% | 17.26% | Upgrade
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Updated Mar 14, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.