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About the company
Southern States Bancshares, Inc. is a bank holding company that operates through its subsidiary, Southern States Bank (the Bank). The Bank is a full-service community banking institution, which offers an array of deposit, loan and other banking-related products and services to businesses and individuals in its communities. Its business activities include commercial and retail banking. Its franchise is focused on personalized, relationship-driven service combined with local market management and expertise to serve small and medium size businesses and individuals. It is engaged in the business of banking, which consists of accepting deposits from the public and making loans and other investments. Its principal sources of funds for loans and investments at its Bank are demand, time, savings, other deposits and the amortization and prepayments of loans and investments. It provides banking services from 15 full-service branches and two loan production offices across Alabama and Georgia.
- Revenue in USD (TTM)151.12m
- Net income in USD31.84m
- Incorporated2008
- Employees181.00
- LocationSouthern States Bancshares Inc615 Quintard AvenueANNISTON 36201United StatesUSA
- Phone+1 (205) 820-8065
- Fax+1 (256) 241-1095
- Websitehttps://ir.southernstatesbank.net/
Mergers & acquisitions
Acquired company | SSBK:NSQ since announced | Transaction value |
---|---|---|
CBB Bancorp,Cartersville,GA | 27.89% | 31.47m |
Peer analysis
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sterling Bancorp Inc | 132.95m | 6.50m | 243.32m | 248.00 | 36.48 | 0.7405 | 31.72 | 3.95 | 0.1275 | 0.1275 | 1.21 | 6.28 | -- | -- | -- | -- | 0.2648 | 0.2152 | -- | -- | -- | -- | 10.54 | 6.75 | -- | -- | -- | 7.73 | 26.88 | -4.76 | 152.23 | -34.91 | -34.26 | -- |
Blue Foundry Bancorp | 82.64m | -9.55m | 254.19m | 179.00 | -- | 0.7448 | -- | 6.36 | -0.4262 | -0.4262 | 1.78 | 14.70 | -- | -- | -- | -- | -0.4627 | -- | -- | -- | -- | -- | -23.87 | -- | -- | -- | -- | -- | 26.74 | -- | -408.72 | -- | -- | -- |
MVB Financial Corp | 194.18m | 20.35m | 255.59m | 445.00 | 12.67 | 0.8617 | 10.26 | 1.78 | 1.56 | 1.56 | 11.02 | 22.94 | -- | -- | -- | -- | 0.6157 | 1.07 | -- | -- | -- | -- | 14.21 | 19.39 | -- | -- | -- | 21.75 | 50.70 | 22.16 | 81.14 | 14.29 | -6.59 | 43.95 |
Citizens Financial Services Inc | 151.04m | 27.39m | 263.56m | 401.00 | 9.60 | 0.9199 | 8.89 | 2.58 | 5.77 | 5.77 | 21.47 | 60.19 | -- | -- | -- | -- | 0.938 | 1.20 | -- | -- | -- | -- | 26.86 | 31.39 | -- | -- | -- | 30.13 | 52.50 | 17.50 | -38.71 | -0.2485 | 39.24 | 3.33 |
PCB Bancorp | 168.30m | 23.70m | 267.26m | 265.00 | 11.35 | 0.94 | 10.32 | 2.74 | 1.65 | 1.65 | 6.80 | 24.80 | -- | -- | -- | -- | 0.8836 | 1.39 | -- | -- | -- | -- | 24.50 | 31.91 | -- | -- | -- | 24.46 | 48.58 | 12.55 | -12.12 | 4.72 | 2.90 | 87.22 |
Colony Bankcorp Inc | 132.43m | 22.21m | 273.17m | 460.00 | 12.28 | 1.03 | 8.92 | 2.41 | 1.26 | 1.26 | 6.47 | 15.09 | -- | -- | -- | -- | 0.7271 | 0.7412 | -- | -- | -- | -- | 19.56 | 17.32 | -- | -- | -- | 31.52 | 36.47 | 20.57 | 11.28 | 12.78 | 5.54 | 17.08 |
Southern States Bancshares Inc | 151.12m | 31.84m | 276.41m | 181.00 | 8.83 | 1.20 | 8.29 | 3.02 | 3.51 | 3.51 | 10.10 | 25.88 | -- | -- | -- | -- | 1.31 | 1.20 | -- | -- | -- | -- | 34.80 | 29.38 | -- | -- | -- | 9.71 | 59.64 | 28.88 | 18.03 | 32.88 | -3.27 | -- |
Civista Bancshares Inc | 198.58m | 32.22m | 279.97m | 538.00 | 8.42 | 0.749 | 6.03 | 1.82 | 2.11 | 2.11 | 10.06 | 23.75 | -- | -- | -- | -- | 0.8775 | 1.28 | -- | -- | -- | -- | 21.78 | 28.89 | -- | -- | -- | 21.40 | 44.85 | 19.92 | 6.30 | 25.71 | 18.43 | 7.99 |
HomeStreet Inc | 405.65m | -14.86m | 280.03m | 849.00 | -- | 0.5384 | -- | 1.56 | -0.788 | -0.788 | 9.55 | 27.58 | -- | -- | -- | -- | -0.1584 | 0.7085 | -- | -- | -- | -- | -8.26 | 18.82 | -- | -- | -- | 26.99 | 31.37 | 9.71 | -141.34 | -- | -17.09 | -- |
Pioneer Bancorp Inc | 83.84m | 15.84m | 281.08m | 243.00 | 17.22 | 0.9727 | 15.24 | 3.73 | 0.6284 | 0.6284 | 2.99 | 11.12 | -- | -- | -- | -- | 0.8235 | 0.5433 | -- | -- | -- | -- | 21.00 | 14.04 | -- | -- | -- | -- | 62.02 | 8.85 | 113.52 | 11.56 | -43.76 | -- |
Ponce Financial Group Inc | 146.91m | 8.64m | 282.17m | 227.00 | 30.70 | 1.03 | 21.46 | 3.47 | 0.386 | 0.386 | 3.63 | 20.90 | -- | -- | -- | -- | 0.3161 | -0.0303 | -- | -- | -- | -- | 10.71 | -0.7414 | -- | -- | -- | -- | 52.10 | 22.22 | 111.17 | 4.60 | -41.02 | -- |
First of Long Island Corp | 165.38m | 22.09m | 296.74m | 288.00 | 13.50 | 0.7883 | 11.76 | 3.36 | 0.9759 | 0.9759 | 3.90 | 16.71 | -- | -- | -- | -- | 0.5229 | 0.9589 | -- | -- | -- | -- | 25.03 | 35.10 | -- | -- | -- | 45.59 | 15.85 | 2.38 | -44.09 | -8.74 | -12.83 | 6.26 |
Citizens & Northern Corporation | 121.02m | 23.10m | 300.15m | 404.00 | 12.84 | 1.14 | 11.65 | 2.87 | 1.52 | 1.52 | 6.87 | 17.12 | -- | -- | -- | -- | 0.9191 | 1.13 | -- | -- | -- | -- | 22.28 | 24.90 | -- | -- | -- | 70.50 | 22.51 | 17.66 | -9.17 | 1.81 | 14.18 | 0.73 |
USCB Financial Holdings Inc | 117.86m | 17.36m | 302.16m | 196.00 | 17.44 | 1.50 | 16.84 | 4.31 | 0.8829 | 0.8829 | 3.56 | 10.24 | -- | -- | -- | -- | 0.7413 | -- | -- | -- | -- | -- | 24.79 | -- | -- | -- | -- | -- | 42.08 | -- | -17.85 | -- | -- | -- |
Waterstone Financial Inc | 108.00m | 11.96m | 304.90m | 698.00 | 24.97 | 0.9113 | 20.56 | 2.30 | 0.6276 | 0.6276 | 6.88 | 17.20 | -- | -- | -- | -- | 0.5294 | 2.07 | -- | -- | -- | -- | 9.03 | 20.98 | -- | -- | -- | 61.31 | 41.23 | 6.12 | -51.89 | -21.15 | -29.30 | 9.34 |
First Internet Bancorp | 268.41m | 18.51m | 306.67m | 287.00 | 16.66 | 0.8245 | 12.18 | 2.70 | 2.12 | 2.12 | 13.01 | 42.91 | -- | -- | -- | -- | 0.3597 | 0.6841 | -- | -- | -- | -- | 16.32 | 28.26 | -- | -- | -- | 7.95 | 52.60 | 15.70 | -76.32 | -17.41 | 19.32 | 0.00 |
Holder | Shares | % Held |
---|---|---|
Strategic Value Bank Partners LLCas of 30 Jun 2024 | 848.40k | 9.52% |
Davis Asset Management LPas of 30 Jun 2024 | 774.05k | 8.68% |
BlackRock Fund Advisorsas of 30 Jun 2024 | 442.31k | 4.96% |
The Vanguard Group, Inc.as of 30 Jun 2024 | 349.75k | 3.92% |
AllianceBernstein LPas of 30 Jun 2024 | 344.02k | 3.86% |
Geode Capital Management LLCas of 30 Jun 2024 | 169.36k | 1.90% |
Curi RMB Capital LLCas of 30 Jun 2024 | 125.00k | 1.40% |
Mendon Capital Advisors Corp.as of 30 Jun 2024 | 125.00k | 1.40% |
Waverly Advisors LLC (Alabama)as of 30 Jun 2024 | 124.01k | 1.39% |
SSgA Funds Management, Inc.as of 30 Jun 2024 | 91.29k | 1.02% |