Southern States Bancshares, Inc. financial data

Symbol
SSBK on Nasdaq
Industry
State Commercial Banks
Location
615 Quintard Avenue, Anniston, AL
State of incorporation
Alabama
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Aug 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 1.03K % -2.17%
Return On Equity 14.6 % -19.8%
Return On Assets 1.3 % -18.3%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 8.92M shares +0.95%
Common Stock, Shares, Outstanding 8.91M shares +1.94%
Entity Public Float 172M USD -0.06%
Common Stock, Value, Issued 44.8M USD +2.24%
Weighted Average Number of Shares Outstanding, Basic 8.96M shares +2.21%
Weighted Average Number of Shares Outstanding, Diluted 9.07M shares +1.34%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 1.81M USD -1.9%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 40.7M USD -6%
Income Tax Expense (Benefit) 8.85M USD -7.54%
Net Income (Loss) Attributable to Parent 31.8M USD -5.56%
Earnings Per Share, Basic 3.58 USD/shares -6.77%
Earnings Per Share, Diluted 3.5 USD/shares -6.92%

Balance Sheet

Label TTM Value / Value Unit Change %
Property, Plant and Equipment, Net 26.2M USD -2.84%
Operating Lease, Right-of-Use Asset 538K USD -4.1%
Goodwill 16.9M USD 0%
Assets 2.57B USD +12.9%
Liabilities 2.34B USD +12.5%
Accumulated Other Comprehensive Income (Loss), Net of Tax -8.33M USD +22.8%
Retained Earnings (Accumulated Deficit) 117M USD +32.3%
Stockholders' Equity Attributable to Parent 231M USD +16.9%
Liabilities and Equity 2.57B USD +12.9%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 11.4M USD +27.5%
Net Cash Provided by (Used in) Financing Activities 54.3M USD -33.5%
Net Cash Provided by (Used in) Investing Activities -79.2M USD -19.5%
Common Stock, Shares Authorized 30M shares 0%
Common Stock, Shares, Issued 8.91M shares +1.94%
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 -13.5M USD -156%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 238M USD -10.4%
Interest Paid, Excluding Capitalized Interest, Operating Activities 17.6M USD +98%
Deferred Tax Assets, Gross 14.1M USD +15.6%
Operating Lease, Liability 545K USD -3.2%
Payments to Acquire Property, Plant, and Equipment 134K USD +185%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 34.3M USD +9.41%
Lessee, Operating Lease, Liability, to be Paid 596K USD -3.09%
Property, Plant and Equipment, Gross 37.1M USD +0.43%
Lessee, Operating Lease, Liability, to be Paid, Year Two 124K USD -9.49%
Lessee, Operating Lease, Liability, to be Paid, Year One 179K USD -18.6%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure 0%
Deferred Income Tax Expense (Benefit) 7K USD -70.8%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 51K USD -1.92%
Lessee, Operating Lease, Liability, to be Paid, Year Three 127K USD +56.8%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 2M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 130K USD +54.8%
Additional Paid in Capital 79.2M USD +2.79%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 82K USD 0%
Interest Expense 67.6M USD +119%
Preferred Stock, Par or Stated Value Per Share 0.01 USD/shares 0%