Southern States Bancshares, Inc. Annual Income Tax Expense (Benefit) in USD from 2020 to 2023

Taxonomy & unit
us-gaap: USD
Description
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
Summary
Southern States Bancshares, Inc. quarterly/annual Income Tax Expense (Benefit) history and growth rate from 2020 to 2023.
  • Southern States Bancshares, Inc. Income Tax Expense (Benefit) for the quarter ending June 30, 2024 was $2.27M, a 10.9% decline year-over-year.
  • Southern States Bancshares, Inc. Income Tax Expense (Benefit) for the twelve months ending June 30, 2024 was $8.85M, a 7.54% decline year-over-year.
  • Southern States Bancshares, Inc. annual Income Tax Expense (Benefit) for 2023 was $9.07M, a 17.4% increase from 2022.
  • Southern States Bancshares, Inc. annual Income Tax Expense (Benefit) for 2022 was $7.73M, a 34.8% increase from 2021.
  • Southern States Bancshares, Inc. annual Income Tax Expense (Benefit) for 2021 was $5.73M, a 127% increase from 2020.
Income Tax Expense (Benefit), Trailing 12 Months (USD)
Income Tax Expense (Benefit), Annual (USD)
Income Tax Expense (Benefit), YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $9.07M +$1.34M +17.4% Jan 1, 2023 Dec 31, 2023 10-K 2024-03-14
2022 $7.73M +$1.99M +34.8% Jan 1, 2022 Dec 31, 2022 10-K 2024-03-14
2021 $5.73M +$3.21M +127% Jan 1, 2021 Dec 31, 2021 10-K 2023-03-14
2020 $2.53M Jan 1, 2020 Dec 31, 2020 10-K 2022-03-18
* An asterisk sign (*) next to the value indicates that the value is likely invalid.