Southern States Bancshares, Inc. Announces First Quarter 2024 Financial Results
Southern States Bancshares, Inc. (SSBK)
Company Research
Source: GlobeNewswire
First Quarter 2024 Performance and Operational Highlights Net income of $8.1 million, or $0.90 per diluted shareCore net income(1) of $8.1 million, or $0.90 per diluted share(1)Net interest income of $20.8 million, an increase of $435,000 from the prior quarterNet interest margin (“NIM”) of 3.59%, down 10 basis points from the prior quarterNIM of 3.60% on a fully-taxable equivalent basis (“NIM - FTE”)(1)Return on average assets (“ROAA”) of 1.33%; return on average stockholders’ equity (“ROAE”) of 14.87%; and return on average tangible common equity (“ROATCE”)(1) of 16.17%Core ROAA(1) of 1.34%; and core ROATCE(1) of 16.19%Efficiency ratio of 46.90%Linked-quarter loan growth of 17.2% annualizedLinked-quarter total deposits grew 18.3% annualizedLinked-quarter total deposits, excluding brokered deposits, grew 7.1% annualized (1) See "Reconciliation of Non-GAAP Financial Measures" below for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial meas
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News
- Here's What We Like About Southern States Bancshares' (NASDAQ:SSBK) Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
- Southern States Bancshares, Inc. Announces First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Southern States Bancshares (NASDAQ:SSBK) Is Paying Out A Dividend Of $0.09 [Yahoo! Finance]Yahoo! Finance
- Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 Per ShareGlobeNewswire
- Southern States Bancshares Announces Retirement of COO Jack Swift [Yahoo! Finance]Yahoo! Finance
SSBK
Earnings
- 7/24/23 - Beat
SSBK
Analyst Actions
- 3/15/24 - Keefe, Bruyette & Woods
SSBK
Sec Filings
- 5/2/24 - Form S-4
- 5/2/24 - Form 8-K
- 4/26/24 - Form SC
- SSBK's page on the SEC website