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About the company
Southern States Bancshares, Inc. is a bank holding company that operates primarily through its wholly owned 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 franchise is focused on personalized, relationship-driven service combined with local market management and expertise to serve small and medium-sized businesses and individuals. Through its Bank, the Company is engaged in the business of banking, which consists primarily 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. The Bank provides banking services from 13 offices in Alabama and Georgia and two loan production offices (LPOs) in Georgia.
- Revenue in USD (TTM)142.30m
- Net income in USD32.40m
- Incorporated2008
- Employees181.00
- LocationSouthern States Bancshares Inc615 Quintard AvenueANNISTON 326011United StatesUSA
- Phone+1 (256) 241-1092
- Fax+1 (256) 241-1095
- Websitehttp://southernstatesbank.net
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Mergers & acquisitions
| Acquired company | SSBK:NSQ since announced | Transaction value |
|---|---|---|
| CBB Bancorp,Cartersville,GA | 7.38% | 31.47m |
Data delayed at least 15 minutes, as of May 28 2024 21:00 BST.
Peer analysis
Key Information
- 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PCB Bancorp | 160.20m | 25.02m | 216.29m | 268.00 | 8.70 | 0.7699 | 7.93 | 2.21 | 1.74 | 1.74 | 6.80 | 24.54 | -- | -- | -- | -- | 0.9372 | 1.39 | -- | -- | -- | -- | 25.68 | 31.91 | -- | -- | -- | 24.46 | 48.58 | 12.55 | -12.12 | 4.72 | 2.90 | 87.22 |
| First of Long Island Corp | 160.96m | 24.19m | 222.91m | 288.00 | 9.26 | 0.5901 | 8.16 | 2.44 | 1.07 | 1.07 | 4.04 | 16.78 | -- | -- | -- | -- | 0.5731 | 0.9589 | -- | -- | -- | -- | 26.44 | 35.10 | -- | -- | -- | 45.59 | 15.85 | 2.38 | -44.09 | -8.74 | -12.83 | 6.26 |
| Civista Bancshares Inc | 191.32m | 35.08m | 225.84m | 539.00 | 6.20 | 0.6109 | 4.68 | 1.45 | 2.32 | 2.32 | 10.29 | 23.50 | -- | -- | -- | -- | 0.9762 | 1.28 | -- | -- | -- | -- | 23.38 | 28.89 | -- | -- | -- | 21.40 | 44.85 | 19.92 | 6.30 | 25.71 | 18.43 | 7.99 |
| BayCom Corp | 128.03m | 26.11m | 225.87m | 358.00 | 9.07 | 0.727 | 7.77 | 2.20 | 2.21 | 2.21 | 8.70 | 27.62 | -- | -- | -- | -- | 1.02 | 0.9295 | -- | -- | -- | -- | 25.47 | 22.55 | -- | -- | -- | 7.25 | 18.00 | 17.31 | 15.57 | 13.61 | 15.95 | -- |
| Southern First Bancshares Inc | 187.63m | 13.25m | 226.33m | 296.00 | 16.94 | 0.7179 | 12.52 | 2.62 | 1.64 | 1.64 | 10.67 | 38.65 | -- | -- | -- | -- | 0.3293 | 0.9441 | -- | -- | -- | -- | 15.34 | 27.70 | -- | -- | -- | 0.00 | 50.94 | 18.30 | -53.89 | -9.64 | -8.56 | -- |
| River Financial Corp | 142.84m | 27.44m | 229.92m | 328.00 | 7.96 | 1.16 | 7.40 | 2.26 | 3.77 | 3.77 | 13.95 | 25.80 | -- | -- | -- | -- | 0.8633 | 1.02 | -- | -- | -- | -- | 26.92 | 27.73 | -- | -- | -- | 12.01 | 48.82 | 29.24 | -4.26 | 25.74 | 59.36 | -- |
| Alpine Banks of Colorado | -100.00bn | -100.00bn | 230.37m | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.12 | -- | -- | -- | -- | -- | 27.02 | -- | -- | -- | 18.40 | 29.35 | 12.11 | -22.23 | 0.786 | 0.6687 | -- |
| Southern States Bancshares Inc | 142.30m | 32.40m | 231.89m | 181.00 | 7.26 | 1.04 | 6.84 | 2.44 | 3.59 | 3.59 | 10.50 | 25.06 | -- | -- | -- | -- | 1.39 | 1.20 | -- | -- | -- | -- | 34.16 | 29.38 | -- | -- | -- | 9.71 | 59.64 | 28.88 | 18.03 | 32.88 | -3.27 | -- |
| MVB Financial Corp | 195.09m | 24.37m | 233.23m | 445.00 | 9.65 | 0.7964 | 8.05 | 1.61 | 1.88 | 1.88 | 11.15 | 22.73 | -- | -- | -- | -- | 0.6842 | 1.07 | -- | -- | -- | -- | 16.73 | 19.39 | -- | -- | -- | 21.75 | 50.70 | 22.16 | 81.14 | 14.29 | -6.59 | 43.95 |
| USCB Financial Holdings Inc | 109.53m | 15.35m | 237.57m | 196.00 | 15.47 | 1.22 | 14.92 | 3.63 | 0.7816 | 0.7816 | 3.34 | 9.92 | -- | -- | -- | -- | 0.6597 | -- | -- | -- | -- | -- | 23.42 | -- | -- | -- | -- | -- | 42.08 | -- | -17.85 | -- | -- | -- |
| Waterstone Financial Inc | 104.22m | 10.26m | 240.64m | 698.00 | 23.73 | 0.7216 | 18.19 | 1.83 | 0.5161 | 0.5161 | 6.67 | 16.98 | -- | -- | -- | -- | 0.4717 | 2.07 | -- | -- | -- | -- | 7.80 | 20.98 | -- | -- | -- | 61.31 | 41.23 | 6.12 | -51.89 | -21.15 | -29.30 | 9.34 |
| John Marshall Bancorp Inc | 104.24m | 3.05m | 243.32m | 133.00 | 79.32 | 1.04 | 68.79 | 7.36 | 0.2157 | 0.2157 | 2.35 | 16.51 | -- | -- | -- | -- | 0.1329 | -- | -- | -- | -- | -- | 9.25 | -- | -- | -- | -- | -- | 19.87 | -- | -83.77 | -- | -- | -- |
| LINKBANCORP Inc | 90.98m | -4.69m | 244.68m | 342.00 | -- | 0.912 | -- | 4.06 | -0.2498 | -0.2498 | 2.61 | 7.18 | -- | -- | -- | -- | -0.2344 | -- | -- | -- | -- | -- | -7.77 | -- | -- | -- | -- | -- | 61.93 | -- | -313.79 | -- | -- | -- |
| Bank of Marin Bancorp | 139.29m | 13.38m | 248.85m | 329.00 | 18.32 | 0.5699 | 15.32 | 2.48 | 0.8339 | 0.8339 | 6.25 | 26.81 | -- | -- | -- | -- | 0.3386 | 0.9522 | -- | -- | -- | -- | 13.33 | 28.74 | -- | -- | -- | 41.63 | 7.27 | 7.97 | -57.29 | -9.42 | 14.03 | 9.51 |
Data as of May 28 2024. Currency figures normalised to Southern States Bancshares Inc's reporting currency: US Dollar USD
37.60%Per cent of shares held by top holders
| Holder | Shares | % Held |
|---|---|---|
| Strategic Value Bank Partners LLCas of 31 Mar 2024 | 848.40k | 9.56% |
| Davis Asset Management LPas of 31 Mar 2024 | 774.05k | 8.73% |
| BlackRock Fund Advisorsas of 31 Mar 2024 | 403.34k | 4.55% |
| AllianceBernstein LPas of 31 Mar 2024 | 351.89k | 3.97% |
| The Vanguard Group, Inc.as of 31 Mar 2024 | 343.76k | 3.88% |
| Geode Capital Management LLCas of 31 Mar 2024 | 151.11k | 1.70% |
| Curi RMB Capital LLCas of 31 Mar 2024 | 125.00k | 1.41% |
| Mendon Capital Advisors Corp.as of 31 Mar 2024 | 125.00k | 1.41% |
| Waverly Advisors LLC (Alabama)as of 31 Mar 2024 | 124.01k | 1.40% |
| SSgA Funds Management, Inc.as of 31 Mar 2024 | 88.82k | 1.00% |
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Data from 31 Mar 2024 - 31 Mar 2024Source: FactSet Research Systems Inc.
