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Southern States Bancshares (SSBK) Financials

Southern States Bancshares logo
$34.71 -0.18 (-0.52%)
Closing price 05/6/2025 04:00 PM Eastern
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$34.72 +0.02 (+0.04%)
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Annual Income Statements for Southern States Bancshares

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
Period end date 12/31/2022 12/31/2023 12/31/2024
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

Quarterly Income Statements for Southern States Bancshares

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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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

Annual Cash Flow Statements for Southern States Bancshares

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
Period end date 12/31/2022 12/31/2023 12/31/2024
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

Quarterly Cash Flow Statements for Southern States Bancshares

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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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

Annual Balance Sheets for Southern States Bancshares

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
Period end date 12/31/2022 12/31/2023 12/31/2024
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

Quarterly Balance Sheets for Southern States Bancshares

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
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
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

Annual Metrics and Ratios for Southern States Bancshares

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

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
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%

Quarterly Metrics and Ratios for Southern States Bancshares

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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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 fiscal year end?

According to the most recent income statement we have on file, Southern States Bancshares' financial year ends in December. Their financial 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. Find out what analysts predict for Southern States Bancshares in the coming months.

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 5/7/2025 by MarketBeat.com Staff
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