Southern States Bancshares, Inc.

Southern States Bancshares, Inc.

SSBK
Southern States Bancshares, Inc.US flagNASDAQ Global Select
36.37
USD
-0.03
- -
361.07MMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
4.77
5.75
7.77
9.12
10.1
10.59
10.76
Basic EPS, GAAP
0.64
1.39
2.26
3.09
3.63
3.73
3.86
Free Cash Flow per Basic Share
1.1
0.55
3.07
4.13
4.44
4.08
3.79
Dividend per Share
0.27
0.21
0.35
0.36
0.36
0.35
0.35
Book Value per Share
7.14
8.33
11.58
13.39
16.69
19.65
20.11
Tangible Book Value per Share
12.37
14.01
19.37
18.65
22.39
25.41
25.82
Basic Weighted Avg Shares
9
9
8
9
9
9
10
Sales/Revenue/Turnover
42
50
64
80
89
99
104
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1
2
2
2
1
2
2
Net Income, GAAP
6
12
19
27
32
35
37
Effective Tax Rate (%)
30.74
17.26
23.59
22.2
22.11
23.52
23.58
Profit Margin (%)
13.48
24.16
29.14
33.83
35.91
35.19
35.84
Working Capital
- -
- -
- -
- -
- -
- -
- -
LT Debt
4
35
26
86
184
91
91
Total Equity
127
141
177
182
215
280
290
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
17.97
22.17
25.49
24.16
21.07
21.32

Capital Structure

FRC

in mil. unless spec.
Sep'24
Dec'24
Mar'25
ST Debt
- -
40
20
LT Borrowings
121
91
91
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10
10
10
Market Capitalization
278
311
344

Working Capital

FRC

in mil. unless spec.
Sep'24
Dec'24
Mar'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
405
299
276
Accounts Receivable, Net
10
10
10
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
2
2
2
ST Debt
- -
40
20
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
17.62%
30.2%
Free Cash Flow
- -
84.7%
-2.45%
Net Income, GAAP
- -
48.49%
9.13%
Sales/Revenue/Turnover
- -
19.17%
11.36%
Total Cash Common Dividend
- -
9.77%
3.85%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
21
26
18
24
89
2024
22
23
26
28
99
2025
27
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.88
1
0.75
1
3.63
2024
0.91
0.92
0.77
1.13
3.73
2025
1.04
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.09
0.09
0.09
0.09
0.36
2024
0.09
0.09
0.08
0.09
0.35
2025
0.09
- -
- -
- -
- -

Company Description

APIChat
CEO
Mark A. Chambers
Full Time Employees
206
Sector
Financial Services
Industry
Banks - Regional
Address
615 Quintard Avenue Anniston AL United States of America 36201
IPO Date
Aug 12, 2021
Business
Southern States Bancshares, Inc. (SSBK) operates as the bank holding company for Southern States Bank, a community bank providing commercial and retail banking services to businesses and individuals in Alabama and Georgia; deposit products include checking and demand deposit accounts, interest-bearing transaction accounts, savings accounts, money market accounts and certificates of deposit; loan products encompass real estate construction and development loans, residential mortgages, commercial real estate loans, commercial and industrial loans, direct consumer installment loans, overdrafts and other revolving credit facilities; additional services comprise online and mobile banking alongside ATM access. Founded in 2007 and headquartered in Anniston, Alabama, the company maintains 15 branches across Alabama and Georgia plus loan production offices in the Atlanta metropolitan statistical area, targeting community and urban markets in the Southeast United States with approximately $2.8 billion in total assets, $2.2 billion in loans and $2.4 billion in deposits as of December 31, 2024. In a major strategic development, Southern States Bancshares completed its merger with FB Financial Corporation (NYSE: FBK), the holding company for FirstBank, on July 1, 2025, in an all-stock transaction valued at $381 million, whereby SSBK shares ceased trading and Southern States Bank integrated into FirstBank's operations across Tennessee, Kentucky, Alabama, Georgia and North Carolina, enhancing the combined entity's footprint to over $16 billion in assets while retaining key Southern States executives in leadership roles.

Company News

APIChat
  • Private Capital's Strategic Moves: Spotlight on Matthews International Corp

  • FB Financial Announces Closing of Merger with Southern States Bancshares, Inc.

  • FB Financial and Southern States Receive Final Regulatory Approvals for Merger

  • SOUTHERN STATES BANCSHARES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Southern States Bancshares, Inc. - SSBK

  • SOUTHERN STATES BANCSHARES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Southern States Bancshares, Inc. - SSBK

  • SSBK Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Southern States Bancshares, Inc. Is Fair to Shareholders

  • Southern States Bancshares, Inc. Announces First Quarter 2025 Financial Results

  • $HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Southern States Bancshares, Inc. - SSBK

  • Shareholder Alert: The Ademi Firm Investigates Whether Southern States Bancshares, Inc. Is Obtaining a Fair Price for Its Public Shareholders

  • FB Financial to Expand in Alabama and Georgia by Merger With Southern States

  • FB Financial to Expand in Alabama and Georgia by Merger With Southern States

  • Southern States Bancshares, Inc. Announces Fourth Quarter 2024 Financial Results

  • Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 per Share

  • Southern States Bancshares, Inc. Announces Third Quarter 2024 Financial Results

  • Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 per Share

  • Southern States Bancshares Completes Acquisition of CBB Bancorp

  • Southern States Bancshares, Inc. Announces Second Quarter 2024 Financial Results

  • Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 Per Share

  • Southern States Bancshares, Inc. Announces First Quarter 2024 Financial Results

  • Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 Per Share