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Southern States Bancshares (SSBK) Financials

Southern States Bancshares logo
$34.49 -0.20 (-0.58%)
Closing price 05/30/2025 04:00 PM Eastern
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$34.49 +0.00 (+0.01%)
As of 05/30/2025 04:04 PM Eastern
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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 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders		 35 32 27
Consolidated Net Income / (Loss)		 35 32 27
Net Income / (Loss) Continuing Operations		 35 32 27
Total Pre-Tax Income 		46 41 35
Total Revenue		 99 89 80
Net Interest Income / (Expense)		 92 80 71
Total Interest Income		 170 132 83
Loans and Leases Interest Income		 147 115 75
Investment Securities Interest Income		 9.41 7.78 4.88
Other Interest Income		 14 9.82 3.04
Total Interest Expense		 78 52 12
Deposits Interest Expense		 71 45 8.91
Long-Term Debt Interest Expense		 7.44 6.78 2.61
Total Non-Interest Income		 7.39 8.87 8.68
Service Charges on Deposit Accounts		 2.02 1.79 1.86
Other Service Charges		 4.10 6.53 7.45
Net Realized & Unrealized Capital Gains on Investments		 0.11 0.56 -0.63
Other Non-Interest Income		 1.16 0.00 -
Provision for Credit Losses		 4.96 6.09 5.61
Total Non-Interest Expense		 49 42 40
Salaries and Employee Benefits		 26 26 25
Net Occupancy & Equipment Expense		 6.09 5.30 5.36
Other Operating Expenses		 15 11 9.66
Restructuring Charge		 1.51 0.00 -
Income Tax Expense		 11 9.07 7.73
Basic Earnings per Share		 $3.72 $3.63 $3.08
Weighted Average Basic Shares Outstanding		 9.92M 8.87M 8.75M
Diluted Earnings per Share		 $3.67 $3.53 $3.02
Weighted Average Diluted Shares Outstanding		 9.92M 8.87M 8.75M
Weighted Average Basic & Diluted Shares Outstanding		 9.92M 8.87M 8.75M

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 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 11 7.35 8.20 8.12 8.90 6.63 8.76 7.67 11 6.70
Consolidated Net Income / (Loss)		 11 7.35 8.20 8.12 8.90 6.63 8.76 7.67 11 6.70
Net Income / (Loss) Continuing Operations		 11 7.35 8.20 8.12 8.90 6.63 8.76 7.67 11 6.70
Total Pre-Tax Income 		15 9.73 10 10 11 8.50 11 9.99 13 8.87
Total Revenue		 28 26 23 22 24 18 26 21 25 21
Net Interest Income / (Expense)		 25 24 22 21 20 21 19 20 21 19
Total Interest Income		 45 45 41 39 36 35 32 29 27 23
Loans and Leases Interest Income		 39 39 35 34 32 30 28 25 24 20
Investment Securities Interest Income		 2.49 2.45 2.27 2.21 2.22 2.02 1.87 1.67 1.53 1.33
Other Interest Income		 3.51 3.93 3.32 2.90 2.34 3.10 2.69 1.69 1.33 1.14
Total Interest Expense		 20 21 19 18 16 14 13 9.15 5.82 3.09
Deposits Interest Expense		 18 19 18 16 14 13 11 7.77 4.66 2.49
Long-Term Debt Interest Expense		 1.70 1.83 1.92 1.99 1.90 1.74 1.76 1.39 1.17 0.60
Total Non-Interest Income		 3.00 1.76 1.37 1.27 3.12 -2.89 6.86 1.79 4.60 1.34
Service Charges on Deposit Accounts		 0.57 0.53 0.46 0.46 0.44 0.44 0.46 0.45 0.43 0.51
Other Service Charges		 1.25 1.15 0.89 0.82 2.58 1.78 1.35 0.82 4.26 0.97
Net Realized & Unrealized Capital Gains on Investments		 0.03 0.08 0.02 -0.01 0.10 -0.01 -0.05 0.51 -0.09 -0.14
Provision for Credit Losses		 0.07 2.58 1.07 1.24 2.58 0.77 1.56 1.18 1.94 1.66
Total Non-Interest Expense		 13 14 11 10 9.72 8.57 13 10 10 10
Salaries and Employee Benefits		 7.00 6.88 6.11 6.23 5.74 5.75 7.86 6.31 6.74 6.15
Net Occupancy & Equipment Expense		 1.81 1.60 1.35 1.33 1.32 1.37 1.34 1.28 1.44 1.36
Other Operating Expenses		 4.26 3.71 3.95 2.81 2.66 1.45 4.23 2.57 2.26 2.72
Income Tax Expense		 3.70 2.38 2.27 2.38 2.33 1.87 2.55 2.32 2.52 2.17
Basic Earnings per Share		 $1.14 $0.76 $0.91 $0.91 $1.01 $0.75 $1.00 $0.87 $1.20 $0.77
Weighted Average Basic Shares Outstanding		 9.92M 9.88M 8.92M 8.91M 8.87M 8.84M 8.83M 8.73M 8.75M 8.71M
Diluted Earnings per Share		 $1.11 $0.76 $0.90 $0.90 $0.97 $0.73 $0.98 $0.85 $1.18 $0.75
Weighted Average Diluted Shares Outstanding		 9.92M 9.88M 8.92M 8.91M 8.87M 8.84M 8.83M 8.73M 8.75M 8.71M
Weighted Average Basic & Diluted Shares Outstanding		 9.92M 9.88M 8.92M 8.91M 8.87M 8.84M 8.83M 8.73M 8.75M 8.71M

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 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents		 9.58 82 -115
Net Cash From Operating Activities		 40 39 39
Net Cash From Continuing Operating Activities		 40 39 39
Net Income / (Loss) Continuing Operations		 35 32 27
Consolidated Net Income / (Loss)		 35 32 27
Provision For Loan Losses		 4.96 6.09 5.61
Depreciation Expense		 1.25 1.17 1.25
Amortization Expense		 1.22 0.92 1.18
Non-Cash Adjustments to Reconcile Net Income		 -2.76 -0.56 4.75
Changes in Operating Assets and Liabilities, net		 -0.03 -0.22 -0.99
Net Cash From Investing Activities		 -55 -319 -387
Net Cash From Continuing Investing Activities		 -55 -319 -387
Purchase of Property, Leasehold Improvements and Equipment		 -1.36 -0.25 -2.60
Purchase of Investment Securities		 -275 -346 -399
Divestitures		 74 0.00 -
Sale and/or Maturity of Investments		 147 28 15
Net Cash From Financing Activities		 25 362 233
Net Cash From Continuing Financing Activities		 25 362 233
Net Change in Deposits		 84 297 164
Issuance of Debt		 0.46 66 91
Issuance of Common Equity		 0.45 1.56 0.22
Repayment of Debt		 -57 0.00 -13
Repurchase of Common Equity		 0.00 -0.98 -7.36
Payment of Dividends		 -3.32 -3.19 -3.17
Other Financing Activities, Net		 0.00 0.36 0.00
Cash Interest Paid		 78 51 11
Cash Income Taxes Paid		 12 13 9.52

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 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 -18 39 1.25 -14 34 -50 73 24 -78 56
Net Cash From Operating Activities		 11 9.93 7.26 11 7.87 11 11 8.94 9.48 12
Net Cash From Continuing Operating Activities		 11 9.93 7.26 11 7.87 11 11 8.94 9.48 12
Net Income / (Loss) Continuing Operations		 11 7.35 8.20 8.12 8.90 6.63 8.76 7.67 11 6.70
Consolidated Net Income / (Loss)		 11 7.35 8.20 8.12 8.90 6.63 8.76 7.67 11 6.70
Provision For Loan Losses		 0.07 2.58 1.07 1.24 2.58 0.77 1.56 1.18 1.94 1.66
Depreciation Expense		 0.34 0.32 0.30 0.30 0.29 0.29 0.29 0.29 0.30 0.34
Amortization Expense		 0.43 0.37 0.19 0.22 0.22 0.22 0.21 0.28 0.28 0.28
Non-Cash Adjustments to Reconcile Net Income		 -1.09 -2.40 -1.33 2.06 -5.31 4.26 -0.20 0.70 -3.19 2.35
Changes in Operating Assets and Liabilities, net		 -0.03 1.71 -1.17 -0.54 1.20 -0.94 0.71 -1.18 -0.44 0.48
Net Cash From Investing Activities		 -29 114 -61 -79 -111 -69 -72 -66 -64 -99
Net Cash From Continuing Investing Activities		 -29 114 -61 -79 -111 -69 -72 -66 -64 -99
Purchase of Property, Leasehold Improvements and Equipment		 -0.07 -0.93 -0.23 -0.13 -0.02 -0.03 -0.15 -0.05 -0.11 -0.45
Purchase of Investment Securities		 -40 -77 -71 -88 -116 -75 -76 -79 -68 -102
Sale and/or Maturity of Investments		 11 118 9.71 8.55 4.86 6.59 3.83 13 3.92 3.43
Net Cash From Financing Activities		 0.10 -85 55 54 138 7.77 134 82 -23 143
Net Cash From Continuing Financing Activities		 0.10 -85 55 54 138 7.77 134 82 -23 143
Net Change in Deposits		 -9.25 -64 66 92 102 -7.51 134 69 -46 122
Issuance of Debt		 0.22 0.04 0.10 0.10 37 15 0.10 14 37 7.56
Issuance of Common Equity		 0.03 0.04 -0.01 0.39 -0.00 0.98 0.39 0.20 0.02 0.21
Repayment of Debt		 10 -20 -10.00 -37 - - - 0.00 - -
Payment of Dividends		 -0.91 -0.80 -0.80 -0.80 -0.80 -0.80 -0.80 -0.79 -0.78 -0.78
Cash Interest Paid		 20 21 19 18 16 14 13 8.89 5.60 2.81
Cash Income Taxes Paid		 3.48 3.30 5.63 0.01 3.93 3.96 5.07 0.00 3.62 2.69

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 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets		 2,848 2,447 2,045
Cash and Due from Banks		 27 20 15
Federal Funds Sold		 79 96 63
Interest Bearing Deposits at Other Banks		 154 135 90
Trading Account Securities		 201 183 181
Loans and Leases, Net of Allowance		 2,198 1,860 1,567
Loans and Leases		 2,227 1,885 1,587
Allowance for Loan and Lease Losses		 28 24 20
Premises and Equipment, Net		 32 26 27
Goodwill		 33 17 17
Intangible Assets		 8.94 0.90 1.23
Other Assets		 95 89 84
Total Liabilities & Shareholders' Equity		 2,848 2,447 2,045
Total Liabilities		 2,568 2,232 1,863
Non-Interest Bearing Deposits		 575 438 461
Interest Bearing Deposits		 1,836 1,580 1,260
Accrued Interest Payable		 2.17 1.52 0.58
Long-Term Debt		 131 184 117
Other Long-Term Liabilities		 24 28 25
Total Equity & Noncontrolling Interests		 280 215 182
Total Preferred & Common Equity		 280 215 182
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 280 215 182
Common Stock		 156 123 120
Retained Earnings		 134 103 74
Accumulated Other Comprehensive Income / (Loss)		 -7.94 -8.38 -11
Other Equity Adjustments		 -2.71 -2.02 -1.50

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 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 2,841 2,572 2,511 2,297 2,278 2,136 2,053
Cash and Due from Banks		 24 22 20 31 21 17 17
Federal Funds Sold		 71 76 87 81 85 76 63
Interest Bearing Deposits at Other Banks		 183 140 130 104 160 100 166
Trading Account Securities		 222 210 181 195 188 189 178
Loans and Leases, Net of Allowance		 2,171 1,990 1,940 1,752 1,695 1,625 1,507
Loans and Leases		 2,199 2,015 1,965 1,774 1,717 1,645 1,525
Allowance for Loan and Lease Losses		 28 26 25 22 21 20 18
Premises and Equipment, Net		 32 26 26 27 27 27 29
Goodwill		 31 17 17 17 17 17 17
Intangible Assets		 9.34 0.74 0.82 0.98 1.06 1.14 1.30
Other Assets		 98 91 89 89 84 1,708 76
Total Liabilities & Shareholders' Equity		 2,841 2,572 2,511 2,297 2,278 2,136 2,053
Total Liabilities		 2,570 2,341 2,288 2,095 2,081 1,946 1,882
Non-Interest Bearing Deposits		 546 416 417 418 449 434 500
Interest Bearing Deposits		 1,874 1,760 1,693 1,498 1,474 1,356 1,267
Accrued Interest Payable		 2.21 2.02 1.81 1.28 1.06 0.84 0.36
Long-Term Debt		 121 137 147 147 131 131 93
Other Long-Term Liabilities		 26 27 30 30 24 24 22
Total Equity & Noncontrolling Interests		 271 231 223 202 197 190 170
Total Preferred & Common Equity		 271 231 223 202 197 190 170
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 271 231 223 202 197 190 170
Common Stock		 156 124 124 122 121 121 119
Retained Earnings		 124 117 110 94 89 81 64
Accumulated Other Comprehensive Income / (Loss)		 -5.87 -8.33 -8.40 -13 -11 -9.85 -12
Other Equity Adjustments		 -2.28 -2.38 -2.58 -1.36 -1.49 -1.98 -0.59

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 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics		 - - -
Revenue Growth		 11.36% 11.21% 25.58%
EBITDA Growth		 11.49% 15.80% 35.83%
EBIT Growth		 11.15% 17.89% 43.20%
NOPAT Growth		 9.13% 18.03% 45.80%
Net Income Growth		 9.13% 18.03% 45.80%
EPS Growth		 3.97% 16.89% 35.43%
Operating Cash Flow Growth		 0.39% 1.26% 30.85%
Free Cash Flow Firm Growth		 133.09% -20.20% -331.23%
Invested Capital Growth		 3.13% 33.32% 38.66%
Revenue Q/Q Growth		 4.78% -2.16% 13.69%
EBITDA Q/Q Growth		 8.90% -4.34% 24.79%
EBIT Q/Q Growth		 8.75% -4.39% 27.98%
NOPAT Q/Q Growth		 7.07% -5.04% 31.80%
Net Income Q/Q Growth		 7.07% -5.04% 31.80%
EPS Q/Q Growth		 3.97% -5.62% 33.63%
Operating Cash Flow Q/Q Growth		 8.39% -3.94% 6.78%
Free Cash Flow Firm Q/Q Growth		 296.59% -31.39% 0.00%
Invested Capital Q/Q Growth		 4.75% 14.39% 13.54%
Profitability Metrics		 - - -
EBITDA Margin		 48.50% 48.44% 46.53%
EBIT Margin		 46.01% 46.10% 43.49%
Profit (Net Income) Margin		 35.19% 35.91% 33.83%
Tax Burden Percent		 76.48% 77.89% 77.80%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 23.52% 22.11% 22.20%
Return on Invested Capital (ROIC)		 8.61% 9.16% 10.52%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.61% 9.16% 10.52%
Return on Net Nonoperating Assets (RNNOA)		 5.48% 6.95% 4.56%
Return on Equity (ROE)		 14.09% 16.11% 15.08%
Cash Return on Invested Capital (CROIC)		 5.53% -19.40% -21.88%
Operating Return on Assets (OROA)		 1.72% 1.83% 1.82%
Return on Assets (ROA)		 1.32% 1.42% 1.41%
Return on Common Equity (ROCE)		 14.09% 16.11% 15.08%
Return on Equity Simple (ROE_SIMPLE)		 12.46% 14.86% 14.90%
Net Operating Profit after Tax (NOPAT)		 35 32 27
NOPAT Margin		 35.19% 35.91% 33.83%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 32.61% 34.80% 37.44%
Operating Expenses to Revenue		 48.99% 47.06% 49.51%
Earnings before Interest and Taxes (EBIT)		 46 41 35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 48 43 37
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.17 1.19 1.35
Price to Tangible Book Value (P/TBV)		 1.38 1.29 1.50
Price to Revenue (P/Rev)		 3.31 2.86 3.07
Price to Earnings (P/E)		 9.42 7.97 9.08
Dividend Yield		 1.08% 1.25% 1.27%
Earnings Yield		 10.62% 12.54% 11.01%
Enterprise Value to Invested Capital (EV/IC)		 0.48 0.47 0.65
Enterprise Value to Revenue (EV/Rev)		 2.01 2.11 2.43
Enterprise Value to EBITDA (EV/EBITDA)		 4.15 4.36 5.23
Enterprise Value to EBIT (EV/EBIT)		 4.37 4.58 5.60
Enterprise Value to NOPAT (EV/NOPAT)		 5.72 5.88 7.19
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.05 4.77 5.01
Enterprise Value to Free Cash Flow (EV/FCFF)		 8.90 0.00 0.00
Leverage & Solvency		 - - -
Debt to Equity		 0.47 0.85 0.65
Long-Term Debt to Equity		 0.47 0.85 0.65
Financial Leverage		 0.64 0.76 0.43
Leverage Ratio		 10.70 11.32 10.66
Compound Leverage Factor		 10.70 11.32 10.66
Debt to Total Capital		 31.92% 46.08% 39.23%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 31.92% 46.08% 39.23%
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		 68.08% 53.92% 60.77%
Debt to EBITDA		 2.73 4.26 3.15
Net Debt to EBITDA		 -2.68 -1.55 -1.38
Long-Term Debt to EBITDA		 2.73 4.26 3.15
Debt to NOPAT		 3.76 5.75 4.33
Net Debt to NOPAT		 -3.70 -2.10 -1.89
Long-Term Debt to NOPAT		 3.76 5.75 4.33
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 22 -68 -56
Operating Cash Flow to CapEx		 2,902.87% 15,804.82% 1,494.85%
Free Cash Flow to Firm to Interest Expense		 0.29 -1.30 -4.89
Operating Cash Flow to Interest Expense		 0.51 0.75 3.38
Operating Cash Flow Less CapEx to Interest Expense		 0.49 0.75 3.15
Efficiency Ratios		 - - -
Asset Turnover		 0.04 0.04 0.04
Fixed Asset Turnover		 3.39 3.31 2.94
Capital & Investment Metrics		 - - -
Invested Capital		 411 399 299
Invested Capital Turnover		 0.24 0.26 0.31
Increase / (Decrease) in Invested Capital		 12 100 83
Enterprise Value (EV)		 199 188 195
Market Capitalization		 328 255 246
Book Value per Share		 $28.31 $24.33 $20.87
Tangible Book Value per Share		 $24.05 $22.32 $18.79
Total Capital		 411 399 299
Total Debt		 131 184 117
Total Long-Term Debt		 131 184 117
Net Debt		 -129 -67 -51
Capital Expenditures (CapEx)		 1.36 0.25 2.60
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 131 184 117
Total Depreciation and Amortization (D&A)		 2.47 2.09 2.43
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $3.72 $3.63 $3.08
Adjusted Weighted Average Basic Shares Outstanding		 9.92M 8.87M 8.75M
Adjusted Diluted Earnings per Share		 $3.67 $3.53 $3.02
Adjusted Weighted Average Diluted Shares Outstanding		 9.92M 8.87M 8.75M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 9.92M 8.87M 8.75M
Normalized Net Operating Profit after Tax (NOPAT)		 36 32 27
Normalized NOPAT Margin		 36.35% 35.91% 33.83%
Pre Tax Income Margin		 46.01% 46.10% 43.49%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 0.58 0.79 3.02
NOPAT to Interest Expense		 0.45 0.61 2.35
EBIT Less CapEx to Interest Expense		 0.57 0.78 2.80
NOPAT Less CapEx to Interest Expense		 0.43 0.61 2.13
Payout Ratios		 - - -
Dividend Payout Ratio		 9.51% 9.99% 11.69%
Augmented Payout Ratio		 9.51% 13.06% 38.87%

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 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 19.20% 45.78% -12.73% 3.63% -7.70% -14.14% 47.98% 33.43% 60.80% 28.64%
EBITDA Growth		 33.47% 15.70% -7.13% 4.29% -14.29% -5.10% 58.09% 60.57% 117.42% 36.11%
EBIT Growth		 32.66% 14.57% -7.40% 5.03% -14.38% -4.27% 65.93% 66.63% 138.18% 42.81%
NOPAT Growth		 25.88% 10.92% -6.37% 5.84% -16.00% -1.06% 67.64% 68.33% 160.93% 36.15%
Net Income Growth		 25.88% 10.92% -6.37% 5.84% -16.00% -1.06% 67.64% 68.33% 160.93% 36.15%
EPS Growth		 14.43% 4.11% -8.16% 5.88% -17.80% -2.67% 66.10% 70.00% 180.95% 29.31%
Operating Cash Flow Growth		 38.85% -11.57% -35.88% 27.49% -17.02% -4.86% 46.20% -9.15% 35.21% 66.49%
Free Cash Flow Firm Growth		 98.59% 53.39% 61.84% 43.01% -24.66% -82.50% -93.05% 70.11% 0.00% 79.38%
Invested Capital Growth		 3.13% 12.61% 11.78% 15.14% 33.32% 32.33% 36.99% 32.50% 38.66% 23.28%
Revenue Q/Q Growth		 7.83% 13.32% 3.80% -6.02% 31.88% -32.16% 23.26% -16.30% 22.68% 16.91%
EBITDA Q/Q Growth		 50.31% -4.91% -0.53% -6.13% 30.30% -23.67% 11.70% -22.85% 44.27% 27.16%
EBIT Q/Q Growth		 53.03% -7.03% -0.26% -6.51% 32.16% -24.86% 13.13% -23.79% 47.76% 30.25%
NOPAT Q/Q Growth		 52.29% -10.31% 0.97% -8.73% 34.20% -24.29% 14.14% -27.57% 58.07% 28.28%
Net Income Q/Q Growth		 52.29% -10.31% 0.97% -8.73% 34.20% -24.29% 14.14% -27.57% 58.07% 28.28%
EPS Q/Q Growth		 46.05% -15.56% 0.00% -7.22% 32.88% -25.51% 15.29% -27.97% 57.33% 27.12%
Operating Cash Flow Q/Q Growth		 10.01% 36.87% -36.33% 44.84% -29.94% -0.77% 26.60% -5.73% -19.67% 52.49%
Free Cash Flow Firm Q/Q Growth		 96.51% -19.88% 24.61% 55.36% -15.54% 1.85% -12.57% 2.34% -69.15% -3.82%
Invested Capital Q/Q Growth		 4.75% 6.80% -0.60% -7.27% 14.39% 6.02% 2.39% 7.36% 13.54% 9.75%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 55.86% 40.08% 47.76% 49.83% 49.89% 50.50% 44.88% 49.52% 53.73% 45.69%
EBIT Margin		 53.12% 37.43% 45.62% 47.48% 47.73% 47.63% 42.99% 46.85% 51.45% 42.72%
Profit (Net Income) Margin		 39.94% 28.28% 35.73% 36.73% 37.82% 37.16% 33.30% 35.96% 41.56% 32.25%
Tax Burden Percent		 75.18% 75.55% 78.31% 77.35% 79.24% 78.03% 77.45% 76.76% 80.77% 75.50%
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		 24.82% 24.45% 21.69% 22.65% 20.76% 21.97% 22.55% 23.24% 19.23% 24.50%
Return on Invested Capital (ROIC)		 9.77% 7.22% 8.87% 9.55% 9.65% 11.05% 11.00% 10.90% 12.92% 9.52%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.77% 7.22% 8.87% 9.55% 9.65% 11.05% 11.00% 10.90% 12.92% 9.52%
Return on Net Nonoperating Assets (RNNOA)		 6.22% 4.08% 5.56% 6.44% 7.32% 7.11% 6.13% 6.21% 5.61% 3.66%
Return on Equity (ROE)		 15.99% 11.30% 14.43% 15.98% 16.97% 18.16% 17.12% 17.11% 18.53% 13.18%
Cash Return on Invested Capital (CROIC)		 5.53% -3.07% -1.98% -4.70% -19.40% -16.84% -19.36% -17.24% -21.88% 0.00%
Operating Return on Assets (OROA)		 1.99% 1.38% 1.63% 1.83% 1.89% 1.99% 1.93% 2.03% 2.15% 1.66%
Return on Assets (ROA)		 1.49% 1.04% 1.27% 1.42% 1.50% 1.55% 1.50% 1.56% 1.74% 1.26%
Return on Common Equity (ROCE)		 15.99% 11.30% 14.43% 15.98% 16.97% 18.16% 17.12% 17.11% 18.53% 13.18%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 12.00% 13.81% 14.54% 0.00% 16.66% 17.09% 15.92% 0.00% 12.06%
Net Operating Profit after Tax (NOPAT)		 11 7.35 8.20 8.12 8.90 6.63 8.76 7.67 11 6.70
NOPAT Margin		 39.94% 28.28% 35.73% 36.73% 37.82% 37.16% 33.30% 35.96% 41.56% 32.25%
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		 31.43% 32.58% 32.53% 34.21% 30.01% 39.92% 35.00% 35.57% 32.09% 36.18%
Operating Expenses to Revenue		 46.63% 52.64% 49.73% 46.93% 41.31% 48.04% 51.08% 47.62% 40.95% 49.28%
Earnings before Interest and Taxes (EBIT)		 15 9.73 10 10 11 8.50 11 9.99 13 8.87
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 16 10 11 11 12 9.01 12 11 14 9.49
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.17 1.01 1.05 1.03 1.19 0.97 0.92 1.02 1.35 1.35
Price to Tangible Book Value (P/TBV)		 1.38 1.18 1.13 1.11 1.29 1.07 1.01 1.12 1.50 1.51
Price to Revenue (P/Rev)		 3.31 2.89 2.79 2.55 2.86 2.16 1.93 2.26 3.07 3.27
Price to Earnings (P/E)		 9.42 8.39 7.57 7.05 7.97 5.83 5.37 6.40 9.08 11.22
Dividend Yield		 1.08% 1.17% 1.33% 1.40% 1.25% 1.62% 1.74% 1.63% 1.27% 1.36%
Earnings Yield		 10.62% 11.92% 13.21% 14.18% 12.54% 17.15% 18.62% 15.64% 11.01% 8.92%
Enterprise Value to Invested Capital (EV/IC)		 0.48 0.30 0.38 0.37 0.47 0.36 0.14 0.41 0.65 0.29
Enterprise Value to Revenue (EV/Rev)		 2.01 1.23 1.62 1.54 2.11 1.39 0.50 1.54 2.43 1.10
Enterprise Value to EBITDA (EV/EBITDA)		 4.15 2.64 3.27 3.17 4.36 2.81 1.02 3.19 5.23 2.59
Enterprise Value to EBIT (EV/EBIT)		 4.37 2.78 3.43 3.33 4.58 2.95 1.08 3.39 5.60 2.84
Enterprise Value to NOPAT (EV/NOPAT)		 5.72 3.58 4.38 4.26 5.88 3.76 1.38 4.36 7.19 3.77
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.05 3.19 3.70 3.30 4.77 3.09 1.12 3.47 5.01 2.12
Enterprise Value to Free Cash Flow (EV/FCFF)		 8.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.47 0.45 0.59 0.66 0.85 0.73 0.67 0.69 0.65 0.55
Long-Term Debt to Equity		 0.47 0.45 0.59 0.66 0.85 0.73 0.67 0.69 0.65 0.55
Financial Leverage		 0.64 0.57 0.63 0.67 0.76 0.64 0.56 0.57 0.43 0.38
Leverage Ratio		 10.70 10.86 11.34 11.26 11.32 11.68 11.45 10.96 10.66 10.48
Compound Leverage Factor		 10.70 10.86 11.34 11.26 11.32 11.68 11.45 10.96 10.66 10.48
Debt to Total Capital		 31.92% 30.85% 37.25% 39.71% 46.08% 42.06% 39.99% 40.92% 39.23% 35.32%
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		 31.92% 30.85% 37.25% 39.71% 46.08% 42.06% 39.99% 40.92% 39.23% 35.32%
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		 68.08% 69.15% 62.75% 60.29% 53.92% 57.94% 60.01% 59.08% 60.77% 64.68%
Debt to EBITDA		 2.73 2.74 3.20 3.37 4.26 3.25 2.89 3.19 3.15 3.12
Net Debt to EBITDA		 -2.68 -3.55 -2.38 -2.07 -1.55 -1.54 -2.95 -1.49 -1.38 -5.13
Long-Term Debt to EBITDA		 2.73 2.74 3.20 3.37 4.26 3.25 2.89 3.19 3.15 3.12
Debt to NOPAT		 3.76 3.72 4.30 4.53 5.75 4.36 3.90 4.35 4.33 4.53
Net Debt to NOPAT		 -3.70 -4.81 -3.19 -2.79 -2.10 -2.07 -3.99 -2.03 -1.89 -7.45
Long-Term Debt to NOPAT		 3.76 3.72 4.30 4.53 5.75 4.36 3.90 4.35 4.33 4.53
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)		 -1.28 -37 -31 -41 -91 -79 -80 -71 -73 -43
Operating Cash Flow to CapEx		 16,305.97% 1,063.28% 3,210.62% 8,504.48% 34,208.70% 37,433.33% 7,595.30% 19,019.15% 8,945.28% 2,600.00%
Free Cash Flow to Firm to Interest Expense		 -0.06 -1.76 -1.57 -2.26 -5.75 -5.43 -6.27 -7.76 -12.50 -13.95
Operating Cash Flow to Interest Expense		 0.55 0.48 0.37 0.64 0.50 0.78 0.89 0.98 1.63 3.83
Operating Cash Flow Less CapEx to Interest Expense		 0.54 0.43 0.36 0.63 0.50 0.77 0.88 0.97 1.61 3.68
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		 3.39 3.21 3.25 3.36 3.31 3.29 3.39 3.09 2.94 2.58
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 411 392 367 370 399 348 329 321 299 263
Invested Capital Turnover		 0.24 0.26 0.25 0.26 0.26 0.30 0.33 0.30 0.31 0.30
Increase / (Decrease) in Invested Capital		 12 44 39 49 100 85 89 79 83 50
Enterprise Value (EV)		 199 116 140 138 188 127 47 132 195 77
Market Capitalization		 328 273 241 228 255 196 181 193 246 230
Book Value per Share		 $28.31 $30.43 $25.88 $25.12 $24.33 $22.86 $22.59 $21.68 $20.87 $19.59
Tangible Book Value per Share		 $24.05 $25.91 $23.91 $23.13 $22.32 $20.84 $20.54 $19.62 $18.79 $17.50
Total Capital		 411 392 367 370 399 348 329 321 299 263
Total Debt		 131 121 137 147 184 147 131 131 117 93
Total Long-Term Debt		 131 121 137 147 184 147 131 131 117 93
Net Debt		 -129 -157 -101 -90 -67 -70 -134 -61 -51 -153
Capital Expenditures (CapEx)		 0.07 0.93 0.23 0.13 0.02 0.03 0.15 0.05 0.11 0.45
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)		 131 121 137 147 184 147 131 131 117 93
Total Depreciation and Amortization (D&A)		 0.77 0.69 0.49 0.52 0.51 0.51 0.50 0.57 0.58 0.62
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.14 $0.76 $0.91 $0.91 $1.01 $0.75 $1.00 $0.87 $1.20 $0.77
Adjusted Weighted Average Basic Shares Outstanding		 9.92M 9.88M 8.92M 8.91M 8.87M 8.84M 8.83M 8.73M 8.75M 8.71M
Adjusted Diluted Earnings per Share		 $1.11 $0.76 $0.90 $0.90 $0.97 $0.73 $0.98 $0.85 $1.18 $0.75
Adjusted Weighted Average Diluted Shares Outstanding		 9.92M 9.88M 8.92M 8.91M 8.87M 8.84M 8.83M 8.73M 8.75M 8.71M
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		 9.92M 9.88M 8.92M 8.91M 8.87M 8.84M 8.83M 8.73M 8.75M 8.71M
Normalized Net Operating Profit after Tax (NOPAT)		 11 8.49 8.20 8.12 8.90 6.63 8.76 7.67 11 6.70
Normalized NOPAT Margin		 39.94% 32.67% 35.73% 36.73% 37.82% 37.16% 33.30% 35.96% 41.56% 32.25%
Pre Tax Income Margin		 53.12% 37.43% 45.62% 47.48% 47.73% 47.63% 42.99% 46.85% 51.45% 42.72%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.75 0.47 0.54 0.59 0.71 0.59 0.89 1.09 2.25 2.88
NOPAT to Interest Expense		 0.56 0.35 0.42 0.45 0.56 0.46 0.69 0.84 1.82 2.17
EBIT Less CapEx to Interest Expense		 0.74 0.42 0.53 0.58 0.71 0.58 0.87 1.09 2.23 2.73
NOPAT Less CapEx to Interest Expense		 0.56 0.31 0.41 0.45 0.56 0.46 0.67 0.83 1.80 2.02
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 9.51% 9.86% 10.09% 9.89% 9.99% 9.44% 9.35% 10.43% 11.69% 15.55%
Augmented Payout Ratio		 9.51% 9.86% 10.09% 11.14% 13.06% 12.35% 12.26% 16.39% 38.87% 51.36%

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. See where experts think Southern States Bancshares is headed by visiting Southern States Bancshares' forecast page.

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 5/31/2025 by MarketBeat.com Staff
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