Southern States Bancshares (SSBK) Financials

$31.58 +0.24 (+0.77%)

Closing price 04/17/2025 04:00 PM Eastern

Extended Trading

$31.90 +0.32 (+1.00%)

As of 04/17/2025 04:05 PM Eastern

Annual Income Statements for Southern States Bancshares

This table shows Southern States Bancshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	27	32	35
Consolidated Net Income / (Loss)	27	32	35
Net Income / (Loss) Continuing Operations	27	32	35
Total Pre-Tax Income	35	41	46
Total Revenue	80	89	99
Net Interest Income / (Expense)	71	80	92
Total Interest Income	83	132	170
Loans and Leases Interest Income	75	115	147
Investment Securities Interest Income	4.88	7.78	9.41
Other Interest Income	3.04	9.82	14
Total Interest Expense	12	52	78
Deposits Interest Expense	8.91	45	71
Long-Term Debt Interest Expense	2.61	6.78	7.44
Total Non-Interest Income	8.68	8.87	7.39
Service Charges on Deposit Accounts	1.86	1.79	2.02
Other Service Charges	7.45	6.53	4.10
Net Realized & Unrealized Capital Gains on Investments	-0.63	0.56	0.11
Other Non-Interest Income	-	0.00	1.16
Provision for Credit Losses	5.61	6.09	4.96
Total Non-Interest Expense	40	42	49
Salaries and Employee Benefits	25	26	26
Net Occupancy & Equipment Expense	5.36	5.30	6.09
Other Operating Expenses	9.66	11	15
Restructuring Charge	-	0.00	1.51
Income Tax Expense	7.73	9.07	11
Basic Earnings per Share	$3.08	$3.63	$3.72
Weighted Average Basic Shares Outstanding	8.75M	8.87M	9.92M
Diluted Earnings per Share	$3.02	$3.53	$3.67
Weighted Average Diluted Shares Outstanding	8.75M	8.87M	9.92M
Weighted Average Basic & Diluted Shares Outstanding	8.75M	8.87M	9.92M

This table shows Southern States Bancshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	6.70	11	7.67	8.76	6.63	8.90	8.12	8.20	7.35	11
Consolidated Net Income / (Loss)	6.70	11	7.67	8.76	6.63	8.90	8.12	8.20	7.35	11
Net Income / (Loss) Continuing Operations	6.70	11	7.67	8.76	6.63	8.90	8.12	8.20	7.35	11
Total Pre-Tax Income	8.87	13	9.99	11	8.50	11	10	10	9.73	15
Total Revenue	21	25	21	26	18	24	22	23	26	28
Net Interest Income / (Expense)	19	21	20	19	21	20	21	22	24	25
Total Interest Income	23	27	29	32	35	36	39	41	45	45
Loans and Leases Interest Income	20	24	25	28	30	32	34	35	39	39
Investment Securities Interest Income	1.33	1.53	1.67	1.87	2.02	2.22	2.21	2.27	2.45	2.49
Other Interest Income	1.14	1.33	1.69	2.69	3.10	2.34	2.90	3.32	3.93	3.51
Total Interest Expense	3.09	5.82	9.15	13	14	16	18	19	21	20
Deposits Interest Expense	2.49	4.66	7.77	11	13	14	16	18	19	18
Long-Term Debt Interest Expense	0.60	1.17	1.39	1.76	1.74	1.90	1.99	1.92	1.83	1.70
Total Non-Interest Income	1.34	4.60	1.79	6.86	-2.89	3.12	1.27	1.37	1.76	3.00
Service Charges on Deposit Accounts	0.51	0.43	0.45	0.46	0.44	0.44	0.46	0.46	0.53	0.57
Other Service Charges	0.97	4.26	0.82	1.35	1.78	2.58	0.82	0.89	1.15	1.25
Net Realized & Unrealized Capital Gains on Investments	-0.14	-0.09	0.51	-0.05	-0.01	0.10	-0.01	0.02	0.08	0.03
Provision for Credit Losses	1.66	1.94	1.18	1.56	0.77	2.58	1.24	1.07	2.58	0.07
Total Non-Interest Expense	10	10	10	13	8.57	9.72	10	11	14	13
Salaries and Employee Benefits	6.15	6.74	6.31	7.86	5.75	5.74	6.23	6.11	6.88	7.00
Net Occupancy & Equipment Expense	1.36	1.44	1.28	1.34	1.37	1.32	1.33	1.35	1.60	1.81
Other Operating Expenses	2.72	2.26	2.57	4.23	1.45	2.66	2.81	3.95	3.71	4.26
Income Tax Expense	2.17	2.52	2.32	2.55	1.87	2.33	2.38	2.27	2.38	3.70
Basic Earnings per Share	$0.77	$1.20	$0.87	$1.00	$0.75	$1.01	$0.91	$0.91	$0.76	$1.14
Weighted Average Basic Shares Outstanding	8.71M	8.75M	8.73M	8.83M	8.84M	8.87M	8.91M	8.92M	9.88M	9.92M
Diluted Earnings per Share	$0.75	$1.18	$0.85	$0.98	$0.73	$0.97	$0.90	$0.90	$0.76	$1.11
Weighted Average Diluted Shares Outstanding	8.71M	8.75M	8.73M	8.83M	8.84M	8.87M	8.91M	8.92M	9.88M	9.92M
Weighted Average Basic & Diluted Shares Outstanding	8.71M	8.75M	8.73M	8.83M	8.84M	8.87M	8.91M	8.92M	9.88M	9.92M

This table details how cash moves in and out of Southern States Bancshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-115	82	9.58
Net Cash From Operating Activities	39	39	40
Net Cash From Continuing Operating Activities	39	39	40
Net Income / (Loss) Continuing Operations	27	32	35
Consolidated Net Income / (Loss)	27	32	35
Provision For Loan Losses	5.61	6.09	4.96
Depreciation Expense	1.25	1.17	1.25
Amortization Expense	1.18	0.92	1.22
Non-Cash Adjustments to Reconcile Net Income	4.75	-0.56	-2.76
Changes in Operating Assets and Liabilities, net	-0.99	-0.22	-0.03
Net Cash From Investing Activities	-387	-319	-55
Net Cash From Continuing Investing Activities	-387	-319	-55
Purchase of Property, Leasehold Improvements and Equipment	-2.60	-0.25	-1.36
Purchase of Investment Securities	-399	-346	-275
Divestitures	-	0.00	74
Sale and/or Maturity of Investments	15	28	147
Net Cash From Financing Activities	233	362	25
Net Cash From Continuing Financing Activities	233	362	25
Net Change in Deposits	164	297	84
Issuance of Debt	91	66	0.46
Issuance of Common Equity	0.22	1.56	0.45
Repayment of Debt	-13	0.00	-57
Repurchase of Common Equity	-7.36	-0.98	0.00
Payment of Dividends	-3.17	-3.19	-3.32
Other Financing Activities, Net	0.00	0.36	0.00
Cash Interest Paid	11	51	78
Cash Income Taxes Paid	9.52	13	12

This table details how cash moves in and out of Southern States Bancshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	56	-78	24	73	-50	34	-14	1.25	39	-18
Net Cash From Operating Activities	12	9.48	8.94	11	11	7.87	11	7.26	9.93	11
Net Cash From Continuing Operating Activities	12	9.48	8.94	11	11	7.87	11	7.26	9.93	11
Net Income / (Loss) Continuing Operations	6.70	11	7.67	8.76	6.63	8.90	8.12	8.20	7.35	11
Consolidated Net Income / (Loss)	6.70	11	7.67	8.76	6.63	8.90	8.12	8.20	7.35	11
Provision For Loan Losses	1.66	1.94	1.18	1.56	0.77	2.58	1.24	1.07	2.58	0.07
Depreciation Expense	0.34	0.30	0.29	0.29	0.29	0.29	0.30	0.30	0.32	0.34
Amortization Expense	0.28	0.28	0.28	0.21	0.22	0.22	0.22	0.19	0.37	0.43
Non-Cash Adjustments to Reconcile Net Income	2.35	-3.19	0.70	-0.20	4.26	-5.31	2.06	-1.33	-2.40	-1.09
Changes in Operating Assets and Liabilities, net	0.48	-0.44	-1.18	0.71	-0.94	1.20	-0.54	-1.17	1.71	-0.03
Net Cash From Investing Activities	-99	-64	-66	-72	-69	-111	-79	-61	114	-29
Net Cash From Continuing Investing Activities	-99	-64	-66	-72	-69	-111	-79	-61	114	-29
Purchase of Property, Leasehold Improvements and Equipment	-0.45	-0.11	-0.05	-0.15	-0.03	-0.02	-0.13	-0.23	-0.93	-0.07
Purchase of Investment Securities	-102	-68	-79	-76	-75	-116	-88	-71	-77	-40
Sale and/or Maturity of Investments	3.43	3.92	13	3.83	6.59	4.86	8.55	9.71	118	11
Net Cash From Financing Activities	143	-23	82	134	7.77	138	54	55	-85	0.10
Net Cash From Continuing Financing Activities	143	-23	82	134	7.77	138	54	55	-85	0.10
Net Change in Deposits	122	-46	69	134	-7.51	102	92	66	-64	-9.25
Issuance of Debt	7.56	37	14	0.10	15	37	0.10	0.10	0.04	0.22
Issuance of Common Equity	0.21	0.02	0.20	0.39	0.98	-0.00	0.39	-0.01	0.04	0.03
Repayment of Debt	-	-	0.00	-	-	-	-37	-10.00	-20	10
Payment of Dividends	-0.78	-0.78	-0.79	-0.80	-0.80	-0.80	-0.80	-0.80	-0.80	-0.91
Cash Interest Paid	2.81	5.60	8.89	13	14	16	18	19	21	20
Cash Income Taxes Paid	2.69	3.62	0.00	5.07	3.96	3.93	0.01	5.63	3.30	3.48

This table presents Southern States Bancshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	2,045	2,447	2,848
Cash and Due from Banks	15	20	27
Federal Funds Sold	63	96	79
Interest Bearing Deposits at Other Banks	90	135	154
Trading Account Securities	181	183	201
Loans and Leases, Net of Allowance	1,567	1,860	2,198
Loans and Leases	1,587	1,885	2,227
Allowance for Loan and Lease Losses	20	24	28
Premises and Equipment, Net	27	26	32
Goodwill	17	17	33
Intangible Assets	1.23	0.90	8.94
Other Assets	84	89	95
Total Liabilities & Shareholders' Equity	2,045	2,447	2,848
Total Liabilities	1,863	2,232	2,568
Non-Interest Bearing Deposits	461	438	575
Interest Bearing Deposits	1,260	1,580	1,836
Accrued Interest Payable	0.58	1.52	2.17
Long-Term Debt	117	184	131
Other Long-Term Liabilities	25	28	24
Total Equity & Noncontrolling Interests	182	215	280
Total Preferred & Common Equity	182	215	280
Preferred Stock	0.00	0.00	0.00
Total Common Equity	182	215	280
Common Stock	120	123	156
Retained Earnings	74	103	134
Accumulated Other Comprehensive Income / (Loss)	-11	-8.38	-7.94
Other Equity Adjustments	-1.50	-2.02	-2.71

This table presents Southern States Bancshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	2,053	2,136	2,278	2,297	2,511	2,572	2,841
Cash and Due from Banks	17	17	21	31	20	22	24
Federal Funds Sold	63	76	85	81	87	76	71
Interest Bearing Deposits at Other Banks	166	100	160	104	130	140	183
Trading Account Securities	178	189	188	195	181	210	222
Loans and Leases, Net of Allowance	1,507	1,625	1,695	1,752	1,940	1,990	2,171
Loans and Leases	1,525	1,645	1,717	1,774	1,965	2,015	2,199
Allowance for Loan and Lease Losses	18	20	21	22	25	26	28
Premises and Equipment, Net	29	27	27	27	26	26	32
Goodwill	17	17	17	17	17	17	31
Intangible Assets	1.30	1.14	1.06	0.98	0.82	0.74	9.34
Other Assets	76	1,708	84	89	89	91	98
Total Liabilities & Shareholders' Equity	2,053	2,136	2,278	2,297	2,511	2,572	2,841
Total Liabilities	1,882	1,946	2,081	2,095	2,288	2,341	2,570
Non-Interest Bearing Deposits	500	434	449	418	417	416	546
Interest Bearing Deposits	1,267	1,356	1,474	1,498	1,693	1,760	1,874
Accrued Interest Payable	0.36	0.84	1.06	1.28	1.81	2.02	2.21
Long-Term Debt	93	131	131	147	147	137	121
Other Long-Term Liabilities	22	24	24	30	30	27	26
Total Equity & Noncontrolling Interests	170	190	197	202	223	231	271
Total Preferred & Common Equity	170	190	197	202	223	231	271
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	170	190	197	202	223	231	271
Common Stock	119	121	121	122	124	124	156
Retained Earnings	64	81	89	94	110	117	124
Accumulated Other Comprehensive Income / (Loss)	-12	-9.85	-11	-13	-8.40	-8.33	-5.87
Other Equity Adjustments	-0.59	-1.98	-1.49	-1.36	-2.58	-2.38	-2.28

This table displays calculated financial ratios and metrics derived from Southern States Bancshares' official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	25.58%	11.21%	11.36%
EBITDA Growth	35.83%	15.80%	11.49%
EBIT Growth	43.20%	17.89%	11.15%
NOPAT Growth	45.80%	18.03%	9.13%
Net Income Growth	45.80%	18.03%	9.13%
EPS Growth	35.43%	16.89%	3.97%
Operating Cash Flow Growth	30.85%	1.26%	0.39%
Free Cash Flow Firm Growth	-331.23%	-20.20%	133.09%
Invested Capital Growth	38.66%	33.32%	3.13%
Revenue Q/Q Growth	13.69%	-2.16%	4.78%
EBITDA Q/Q Growth	24.79%	-4.34%	8.90%
EBIT Q/Q Growth	27.98%	-4.39%	8.75%
NOPAT Q/Q Growth	31.80%	-5.04%	7.07%
Net Income Q/Q Growth	31.80%	-5.04%	7.07%
EPS Q/Q Growth	33.63%	-5.62%	3.97%
Operating Cash Flow Q/Q Growth	6.78%	-3.94%	8.39%
Free Cash Flow Firm Q/Q Growth	0.00%	-31.39%	296.59%
Invested Capital Q/Q Growth	13.54%	14.39%	4.75%
Profitability Metrics	-	-	-
EBITDA Margin	46.53%	48.44%	48.50%
EBIT Margin	43.49%	46.10%	46.01%
Profit (Net Income) Margin	33.83%	35.91%	35.19%
Tax Burden Percent	77.80%	77.89%	76.48%
Interest Burden Percent	100.00%	100.00%	100.00%
Effective Tax Rate	22.20%	22.11%	23.52%
Return on Invested Capital (ROIC)	10.52%	9.16%	8.61%
ROIC Less NNEP Spread (ROIC-NNEP)	10.52%	9.16%	8.61%
Return on Net Nonoperating Assets (RNNOA)	4.56%	6.95%	5.48%
Return on Equity (ROE)	15.08%	16.11%	14.09%
Cash Return on Invested Capital (CROIC)	-21.88%	-19.40%	5.53%
Operating Return on Assets (OROA)	1.82%	1.83%	1.72%
Return on Assets (ROA)	1.41%	1.42%	1.32%
Return on Common Equity (ROCE)	15.08%	16.11%	14.09%
Return on Equity Simple (ROE_SIMPLE)	14.90%	14.86%	12.46%
Net Operating Profit after Tax (NOPAT)	27	32	35
NOPAT Margin	33.83%	35.91%	35.19%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	37.44%	34.80%	32.61%
Operating Expenses to Revenue	49.51%	47.06%	48.99%
Earnings before Interest and Taxes (EBIT)	35	41	46
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	37	43	48
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.35	1.19	1.17
Price to Tangible Book Value (P/TBV)	1.50	1.29	1.38
Price to Revenue (P/Rev)	3.07	2.86	3.31
Price to Earnings (P/E)	9.08	7.97	9.42
Dividend Yield	1.27%	1.25%	1.08%
Earnings Yield	11.01%	12.54%	10.62%
Enterprise Value to Invested Capital (EV/IC)	0.65	0.47	0.48
Enterprise Value to Revenue (EV/Rev)	2.43	2.11	2.01
Enterprise Value to EBITDA (EV/EBITDA)	5.23	4.36	4.15
Enterprise Value to EBIT (EV/EBIT)	5.60	4.58	4.37
Enterprise Value to NOPAT (EV/NOPAT)	7.19	5.88	5.72
Enterprise Value to Operating Cash Flow (EV/OCF)	5.01	4.77	5.05
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	8.90
Leverage & Solvency	-	-	-
Debt to Equity	0.65	0.85	0.47
Long-Term Debt to Equity	0.65	0.85	0.47
Financial Leverage	0.43	0.76	0.64
Leverage Ratio	10.66	11.32	10.70
Compound Leverage Factor	10.66	11.32	10.70
Debt to Total Capital	39.23%	46.08%	31.92%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	39.23%	46.08%	31.92%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	60.77%	53.92%	68.08%
Debt to EBITDA	3.15	4.26	2.73
Net Debt to EBITDA	-1.38	-1.55	-2.68
Long-Term Debt to EBITDA	3.15	4.26	2.73
Debt to NOPAT	4.33	5.75	3.76
Net Debt to NOPAT	-1.89	-2.10	-3.70
Long-Term Debt to NOPAT	4.33	5.75	3.76
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-56	-68	22
Operating Cash Flow to CapEx	1,494.85%	15,804.82%	2,902.87%
Free Cash Flow to Firm to Interest Expense	-4.89	-1.30	0.29
Operating Cash Flow to Interest Expense	3.38	0.75	0.51
Operating Cash Flow Less CapEx to Interest Expense	3.15	0.75	0.49
Efficiency Ratios	-	-	-
Asset Turnover	0.04	0.04	0.04
Fixed Asset Turnover	2.94	3.31	3.39
Capital & Investment Metrics	-	-	-
Invested Capital	299	399	411
Invested Capital Turnover	0.31	0.26	0.24
Increase / (Decrease) in Invested Capital	83	100	12
Enterprise Value (EV)	195	188	199
Market Capitalization	246	255	328
Book Value per Share	$20.87	$24.33	$28.31
Tangible Book Value per Share	$18.79	$22.32	$24.05
Total Capital	299	399	411
Total Debt	117	184	131
Total Long-Term Debt	117	184	131
Net Debt	-51	-67	-129
Capital Expenditures (CapEx)	2.60	0.25	1.36
Net Nonoperating Expense (NNE)	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	117	184	131
Total Depreciation and Amortization (D&A)	2.43	2.09	2.47
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$3.08	$3.63	$3.72
Adjusted Weighted Average Basic Shares Outstanding	8.75M	8.87M	9.92M
Adjusted Diluted Earnings per Share	$3.02	$3.53	$3.67
Adjusted Weighted Average Diluted Shares Outstanding	8.75M	8.87M	9.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	8.75M	8.87M	9.92M
Normalized Net Operating Profit after Tax (NOPAT)	27	32	36
Normalized NOPAT Margin	33.83%	35.91%	36.35%
Pre Tax Income Margin	43.49%	46.10%	46.01%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	3.02	0.79	0.58
NOPAT to Interest Expense	2.35	0.61	0.45
EBIT Less CapEx to Interest Expense	2.80	0.78	0.57
NOPAT Less CapEx to Interest Expense	2.13	0.61	0.43
Payout Ratios	-	-	-
Dividend Payout Ratio	11.69%	9.99%	9.51%
Augmented Payout Ratio	38.87%	13.06%	9.51%

This table displays calculated financial ratios and metrics derived from Southern States Bancshares' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	28.64%	60.80%	33.43%	47.98%	-14.14%	-7.70%	3.63%	-12.73%	45.78%	19.20%
EBITDA Growth	36.11%	117.42%	60.57%	58.09%	-5.10%	-14.29%	4.29%	-7.13%	15.70%	33.47%
EBIT Growth	42.81%	138.18%	66.63%	65.93%	-4.27%	-14.38%	5.03%	-7.40%	14.57%	32.66%
NOPAT Growth	36.15%	160.93%	68.33%	67.64%	-1.06%	-16.00%	5.84%	-6.37%	10.92%	25.88%
Net Income Growth	36.15%	160.93%	68.33%	67.64%	-1.06%	-16.00%	5.84%	-6.37%	10.92%	25.88%
EPS Growth	29.31%	180.95%	70.00%	66.10%	-2.67%	-17.80%	5.88%	-8.16%	4.11%	14.43%
Operating Cash Flow Growth	66.49%	35.21%	-9.15%	46.20%	-4.86%	-17.02%	27.49%	-35.88%	-11.57%	38.85%
Free Cash Flow Firm Growth	79.38%	0.00%	70.11%	-93.05%	-82.50%	-24.66%	43.01%	61.84%	53.39%	98.59%
Invested Capital Growth	23.28%	38.66%	32.50%	36.99%	32.33%	33.32%	15.14%	11.78%	12.61%	3.13%
Revenue Q/Q Growth	16.91%	22.68%	-16.30%	23.26%	-32.16%	31.88%	-6.02%	3.80%	13.32%	7.83%
EBITDA Q/Q Growth	27.16%	44.27%	-22.85%	11.70%	-23.67%	30.30%	-6.13%	-0.53%	-4.91%	50.31%
EBIT Q/Q Growth	30.25%	47.76%	-23.79%	13.13%	-24.86%	32.16%	-6.51%	-0.26%	-7.03%	53.03%
NOPAT Q/Q Growth	28.28%	58.07%	-27.57%	14.14%	-24.29%	34.20%	-8.73%	0.97%	-10.31%	52.29%
Net Income Q/Q Growth	28.28%	58.07%	-27.57%	14.14%	-24.29%	34.20%	-8.73%	0.97%	-10.31%	52.29%
EPS Q/Q Growth	27.12%	57.33%	-27.97%	15.29%	-25.51%	32.88%	-7.22%	0.00%	-15.56%	46.05%
Operating Cash Flow Q/Q Growth	52.49%	-19.67%	-5.73%	26.60%	-0.77%	-29.94%	44.84%	-36.33%	36.87%	10.01%
Free Cash Flow Firm Q/Q Growth	-3.82%	-69.15%	2.34%	-12.57%	1.85%	-15.54%	55.36%	24.61%	-19.88%	96.51%
Invested Capital Q/Q Growth	9.75%	13.54%	7.36%	2.39%	6.02%	14.39%	-7.27%	-0.60%	6.80%	4.75%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	45.69%	53.73%	49.52%	44.88%	50.50%	49.89%	49.83%	47.76%	40.08%	55.86%
EBIT Margin	42.72%	51.45%	46.85%	42.99%	47.63%	47.73%	47.48%	45.62%	37.43%	53.12%
Profit (Net Income) Margin	32.25%	41.56%	35.96%	33.30%	37.16%	37.82%	36.73%	35.73%	28.28%	39.94%
Tax Burden Percent	75.50%	80.77%	76.76%	77.45%	78.03%	79.24%	77.35%	78.31%	75.55%	75.18%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	24.50%	19.23%	23.24%	22.55%	21.97%	20.76%	22.65%	21.69%	24.45%	24.82%
Return on Invested Capital (ROIC)	9.52%	12.92%	10.90%	11.00%	11.05%	9.65%	9.55%	8.87%	7.22%	9.77%
ROIC Less NNEP Spread (ROIC-NNEP)	9.52%	12.92%	10.90%	11.00%	11.05%	9.65%	9.55%	8.87%	7.22%	9.77%
Return on Net Nonoperating Assets (RNNOA)	3.66%	5.61%	6.21%	6.13%	7.11%	7.32%	6.44%	5.56%	4.08%	6.22%
Return on Equity (ROE)	13.18%	18.53%	17.11%	17.12%	18.16%	16.97%	15.98%	14.43%	11.30%	15.99%
Cash Return on Invested Capital (CROIC)	0.00%	-21.88%	-17.24%	-19.36%	-16.84%	-19.40%	-4.70%	-1.98%	-3.07%	5.53%
Operating Return on Assets (OROA)	1.66%	2.15%	2.03%	1.93%	1.99%	1.89%	1.83%	1.63%	1.38%	1.99%
Return on Assets (ROA)	1.26%	1.74%	1.56%	1.50%	1.55%	1.50%	1.42%	1.27%	1.04%	1.49%
Return on Common Equity (ROCE)	13.18%	18.53%	17.11%	17.12%	18.16%	16.97%	15.98%	14.43%	11.30%	15.99%
Return on Equity Simple (ROE_SIMPLE)	12.06%	0.00%	15.92%	17.09%	16.66%	0.00%	14.54%	13.81%	12.00%	0.00%
Net Operating Profit after Tax (NOPAT)	6.70	11	7.67	8.76	6.63	8.90	8.12	8.20	7.35	11
NOPAT Margin	32.25%	41.56%	35.96%	33.30%	37.16%	37.82%	36.73%	35.73%	28.28%	39.94%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	36.18%	32.09%	35.57%	35.00%	39.92%	30.01%	34.21%	32.53%	32.58%	31.43%
Operating Expenses to Revenue	49.28%	40.95%	47.62%	51.08%	48.04%	41.31%	46.93%	49.73%	52.64%	46.63%
Earnings before Interest and Taxes (EBIT)	8.87	13	9.99	11	8.50	11	10	10	9.73	15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	9.49	14	11	12	9.01	12	11	11	10	16
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.35	1.35	1.02	0.92	0.97	1.19	1.03	1.05	1.01	1.17
Price to Tangible Book Value (P/TBV)	1.51	1.50	1.12	1.01	1.07	1.29	1.11	1.13	1.18	1.38
Price to Revenue (P/Rev)	3.27	3.07	2.26	1.93	2.16	2.86	2.55	2.79	2.89	3.31
Price to Earnings (P/E)	11.22	9.08	6.40	5.37	5.83	7.97	7.05	7.57	8.39	9.42
Dividend Yield	1.36%	1.27%	1.63%	1.74%	1.62%	1.25%	1.40%	1.33%	1.17%	1.08%
Earnings Yield	8.92%	11.01%	15.64%	18.62%	17.15%	12.54%	14.18%	13.21%	11.92%	10.62%
Enterprise Value to Invested Capital (EV/IC)	0.29	0.65	0.41	0.14	0.36	0.47	0.37	0.38	0.30	0.48
Enterprise Value to Revenue (EV/Rev)	1.10	2.43	1.54	0.50	1.39	2.11	1.54	1.62	1.23	2.01
Enterprise Value to EBITDA (EV/EBITDA)	2.59	5.23	3.19	1.02	2.81	4.36	3.17	3.27	2.64	4.15
Enterprise Value to EBIT (EV/EBIT)	2.84	5.60	3.39	1.08	2.95	4.58	3.33	3.43	2.78	4.37
Enterprise Value to NOPAT (EV/NOPAT)	3.77	7.19	4.36	1.38	3.76	5.88	4.26	4.38	3.58	5.72
Enterprise Value to Operating Cash Flow (EV/OCF)	2.12	5.01	3.47	1.12	3.09	4.77	3.30	3.70	3.19	5.05
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	8.90
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.55	0.65	0.69	0.67	0.73	0.85	0.66	0.59	0.45	0.47
Long-Term Debt to Equity	0.55	0.65	0.69	0.67	0.73	0.85	0.66	0.59	0.45	0.47
Financial Leverage	0.38	0.43	0.57	0.56	0.64	0.76	0.67	0.63	0.57	0.64
Leverage Ratio	10.48	10.66	10.96	11.45	11.68	11.32	11.26	11.34	10.86	10.70
Compound Leverage Factor	10.48	10.66	10.96	11.45	11.68	11.32	11.26	11.34	10.86	10.70
Debt to Total Capital	35.32%	39.23%	40.92%	39.99%	42.06%	46.08%	39.71%	37.25%	30.85%	31.92%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	35.32%	39.23%	40.92%	39.99%	42.06%	46.08%	39.71%	37.25%	30.85%	31.92%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.68%	60.77%	59.08%	60.01%	57.94%	53.92%	60.29%	62.75%	69.15%	68.08%
Debt to EBITDA	3.12	3.15	3.19	2.89	3.25	4.26	3.37	3.20	2.74	2.73
Net Debt to EBITDA	-5.13	-1.38	-1.49	-2.95	-1.54	-1.55	-2.07	-2.38	-3.55	-2.68
Long-Term Debt to EBITDA	3.12	3.15	3.19	2.89	3.25	4.26	3.37	3.20	2.74	2.73
Debt to NOPAT	4.53	4.33	4.35	3.90	4.36	5.75	4.53	4.30	3.72	3.76
Net Debt to NOPAT	-7.45	-1.89	-2.03	-3.99	-2.07	-2.10	-2.79	-3.19	-4.81	-3.70
Long-Term Debt to NOPAT	4.53	4.33	4.35	3.90	4.36	5.75	4.53	4.30	3.72	3.76
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-43	-73	-71	-80	-79	-91	-41	-31	-37	-1.28
Operating Cash Flow to CapEx	2,600.00%	8,945.28%	19,019.15%	7,595.30%	37,433.33%	34,208.70%	8,504.48%	3,210.62%	1,063.28%	16,305.97%
Free Cash Flow to Firm to Interest Expense	-13.95	-12.50	-7.76	-6.27	-5.43	-5.75	-2.26	-1.57	-1.76	-0.06
Operating Cash Flow to Interest Expense	3.83	1.63	0.98	0.89	0.78	0.50	0.64	0.37	0.48	0.55
Operating Cash Flow Less CapEx to Interest Expense	3.68	1.61	0.97	0.88	0.77	0.50	0.63	0.36	0.43	0.54
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	2.58	2.94	3.09	3.39	3.29	3.31	3.36	3.25	3.21	3.39
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	263	299	321	329	348	399	370	367	392	411
Invested Capital Turnover	0.30	0.31	0.30	0.33	0.30	0.26	0.26	0.25	0.26	0.24
Increase / (Decrease) in Invested Capital	50	83	79	89	85	100	49	39	44	12
Enterprise Value (EV)	77	195	132	47	127	188	138	140	116	199
Market Capitalization	230	246	193	181	196	255	228	241	273	328
Book Value per Share	$19.59	$20.87	$21.68	$22.59	$22.86	$24.33	$25.12	$25.88	$30.43	$28.31
Tangible Book Value per Share	$17.50	$18.79	$19.62	$20.54	$20.84	$22.32	$23.13	$23.91	$25.91	$24.05
Total Capital	263	299	321	329	348	399	370	367	392	411
Total Debt	93	117	131	131	147	184	147	137	121	131
Total Long-Term Debt	93	117	131	131	147	184	147	137	121	131
Net Debt	-153	-51	-61	-134	-70	-67	-90	-101	-157	-129
Capital Expenditures (CapEx)	0.45	0.11	0.05	0.15	0.03	0.02	0.13	0.23	0.93	0.07
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	93	117	131	131	147	184	147	137	121	131
Total Depreciation and Amortization (D&A)	0.62	0.58	0.57	0.50	0.51	0.51	0.52	0.49	0.69	0.77
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.77	$1.20	$0.87	$1.00	$0.75	$1.01	$0.91	$0.91	$0.76	$1.14
Adjusted Weighted Average Basic Shares Outstanding	8.71M	8.75M	8.73M	8.83M	8.84M	8.87M	8.91M	8.92M	9.88M	9.92M
Adjusted Diluted Earnings per Share	$0.75	$1.18	$0.85	$0.98	$0.73	$0.97	$0.90	$0.90	$0.76	$1.11
Adjusted Weighted Average Diluted Shares Outstanding	8.71M	8.75M	8.73M	8.83M	8.84M	8.87M	8.91M	8.92M	9.88M	9.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	8.71M	8.75M	8.73M	8.83M	8.84M	8.87M	8.91M	8.92M	9.88M	9.92M
Normalized Net Operating Profit after Tax (NOPAT)	6.70	11	7.67	8.76	6.63	8.90	8.12	8.20	8.49	11
Normalized NOPAT Margin	32.25%	41.56%	35.96%	33.30%	37.16%	37.82%	36.73%	35.73%	32.67%	39.94%
Pre Tax Income Margin	42.72%	51.45%	46.85%	42.99%	47.63%	47.73%	47.48%	45.62%	37.43%	53.12%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.88	2.25	1.09	0.89	0.59	0.71	0.59	0.54	0.47	0.75
NOPAT to Interest Expense	2.17	1.82	0.84	0.69	0.46	0.56	0.45	0.42	0.35	0.56
EBIT Less CapEx to Interest Expense	2.73	2.23	1.09	0.87	0.58	0.71	0.58	0.53	0.42	0.74
NOPAT Less CapEx to Interest Expense	2.02	1.80	0.83	0.67	0.46	0.56	0.45	0.41	0.31	0.56
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	15.55%	11.69%	10.43%	9.35%	9.44%	9.99%	9.89%	10.09%	9.86%	9.51%
Augmented Payout Ratio	51.36%	38.87%	16.39%	12.26%	12.35%	13.06%	11.14%	10.09%	9.86%	9.51%

Frequently Asked Questions About Southern States Bancshares' Financials

When does Southern States Bancshares's financial year end?

According to the most recent income statement we have on file, Southern States Bancshares' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Southern States Bancshares' net income changed over the last 2 years?

Southern States Bancshares' net income appears to be on an upward trend, with a most recent value of $34.87 million in 2024, rising from $27.07 million in 2022. The previous period was $31.95 million in 2023.

How has Southern States Bancshares revenue changed over the last 2 years?

Over the last 2 years, Southern States Bancshares' total revenue changed from $80.02 million in 2022 to $99.10 million in 2024, a change of 23.8%.

How much debt does Southern States Bancshares have?

Southern States Bancshares' total liabilities were at $2.57 billion at the end of 2024, a 15.1% increase from 2023, and a 37.8% increase since 2022.

How much cash does Southern States Bancshares have?

In the past 2 years, Southern States Bancshares' cash and equivalents has ranged from $15.26 million in 2022 to $27.32 million in 2024, and is currently $27.32 million as of their latest financial filing in 2024.

How has Southern States Bancshares' book value per share changed over the last 2 years?

Over the last 2 years, Southern States Bancshares' book value per share changed from 20.87 in 2022 to 28.31 in 2024, a change of 35.7%.

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This page (NASDAQ:SSBK) was last updated on 4/18/2025 by MarketBeat.com Staff

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Southern States Bancshares (SSBK) Financials

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Southern States Bancshares (SSBK) Financials

Annual Income Statements for Southern States Bancshares

Quarterly Income Statements for Southern States Bancshares

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Quarterly Balance Sheets for Southern States Bancshares

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