Southern States Bancshares, Inc. financial data

Symbol
SSBK on Nasdaq
Industry
State Commercial Banks
Location
615 Quintard Avenue, Anniston, Alabama
State of incorporation
Alabama
Fiscal year end
December 31
Latest financial report
Q1 2024 - May 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 1.04 K % -0.73%
Return On Equity 15.5 % -8.99%
Return On Assets 1.36 % -8.09%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 8.87 M shares +1.41%
Common Stock, Shares, Outstanding 8.89 M shares +1.96%
Entity Public Float 172 M USD -0.06%
Common Stock, Value, Issued 44.7 M USD +2.16%
Weighted Average Number of Shares Outstanding, Basic 8.91 M shares +1.72%
Weighted Average Number of Shares Outstanding, Diluted 9.04 M shares -0.02%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 1.8 M USD -3.48%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 41.5 M USD +7.04%
Income Tax Expense (Benefit) 9.12 M USD +6%
Net Income (Loss) Attributable to Parent 32.4 M USD +7.34%
Earnings Per Share, Basic 3.67 USD/shares +6.69%
Earnings Per Share, Diluted 3.58 USD/shares +6.23%

Balance Sheet

Label TTM Value / Value Unit Change %
Property, Plant and Equipment, Net 26.3 M USD -3.09%
Operating Lease, Right-of-Use Asset 538 K USD -4.1%
Goodwill 16.9 M USD 0%
Assets 2.51 B USD +17.6%
Liabilities 2.29 B USD +17.6%
Accumulated Other Comprehensive Income (Loss), Net of Tax -8.4 M USD +14.7%
Retained Earnings (Accumulated Deficit) 110 M USD +36.2%
Stockholders' Equity Attributable to Parent 223 M USD +17.5%
Liabilities and Equity 2.51 B USD +17.6%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 11.4 M USD +27.5%
Net Cash Provided by (Used in) Financing Activities 54.3 M USD -33.5%
Net Cash Provided by (Used in) Investing Activities -79.2 M USD -19.5%
Common Stock, Shares Authorized 30 M shares 0%
Common Stock, Shares, Issued 8.89 M shares +1.96%
Common Stock, Par or Stated Value Per Share 5 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -13.5 M USD -156%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 237 M USD +23%
Interest Paid, Excluding Capitalized Interest, Operating Activities 17.6 M USD +98%
Deferred Tax Assets, Gross 14.1 M USD +15.6%
Operating Lease, Liability 545 K USD -3.2%
Payments to Acquire Property, Plant, and Equipment 134 K USD +185%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 33.8 M USD +40.5%
Lessee, Operating Lease, Liability, to be Paid 596 K USD -3.09%
Property, Plant and Equipment, Gross 37.1 M USD +0.43%
Lessee, Operating Lease, Liability, to be Paid, Year Two 124 K USD -9.49%
Lessee, Operating Lease, Liability, to be Paid, Year One 179 K USD -18.6%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure 0%
Deferred Income Tax Expense (Benefit) 7 K USD -70.8%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 51 K USD -1.92%
Lessee, Operating Lease, Liability, to be Paid, Year Three 127 K USD +56.8%
Preferred Stock, Shares Issued 0 shares
Current Income Tax Expense (Benefit) 12 M USD +15.2%
Preferred Stock, Shares Authorized 2 M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 130 K USD +54.8%
Additional Paid in Capital 79.3 M USD +2.89%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 82 K USD 0%
Interest Expense 60.9 M USD +213%
Preferred Stock, Par or Stated Value Per Share 0.01 USD/shares 0%