Southern States Bancshares, Inc.

SSBK

SSBKSouthern States Bancshares, Inc. US flag

NASDAQ Global Select

36.37

USD

-0.03

- -

361.07MMarket Cap

Income Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Sales/Revenue/Turnover	42	50	64	80	89	99
+ Sales & Services Revenue	42	50	64	80	89	99
- Cost of Revenue	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	15	19	22	25	26	26
+ Research & Development	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-15	-19	-22	-25	-26	-26
Operating Income (Loss)	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-8	-15	-24	-35	-41	-46
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-8	-15	-24	-35	-41	-46
Pretax Income	8	15	24	35	41	46
- Income Tax Expense (Benefit)	2	3	6	8	9	11
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	6	12	19	27	32	35
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	6	12	19	27	32	35
- Minority Interest	- -	- -	- -	- -	- -	- -
Net Income, GAAP	6	12	19	27	32	35
- Preferred Dividends	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	6	12	19	27	32	35
EBIT	- -	- -	- -	- -	- -	- -
EBITDA	1	2	2	2	1	2
EBITDA Margin (%)	3.11	4.43	3.38	1.91	1.68	2.13
EBITA	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -
Profit Margin (%)	13.48	24.16	29.14	33.83	35.91	35.19
Sales per Employee	- -	- -	- -	- -	- -	- -
Dividend per Share	0.27	0.21	0.35	0.36	0.36	0.35
Depreciation Expense	1	2	2	2	1	2
Basic Weighted Avg Shares	9	9	8	9	9	9
Basic EPS, GAAP	0.64	1.39	2.26	3.09	3.63	3.73
Basic EPS from Cont Ops	0.64	1.39	2.26	3.09	3.63	3.73
Diluted Weighted Avg Shares	9	9	8	9	9	10
Diluted EPS, GAAP	0.64	1.39	2.23	3.02	3.54	3.67
Diluted EPS from Cont Ops	0.64	1.39	2.23	3.02	3.54	3.67

Balance Sheet (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Current Assets	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	151	189	342	261	252	299
+ Cash & Cash Equivalents	91	75	210	105	155	181
+ ST Investments	60	114	132	156	97	118
+ Accounts & Notes Receiv	3	4	4	7	9	10
+ Accounts Receivable, Net	3	4	4	7	9	10
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-154	-193	-346	-268	-261	-310
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	20	24	27	27	26	32
+ Property, Plant & Equip	30	37	36	37	37	44
- Accumulated Depreciation	10	12	9	10	11	12
+ LT Investments & Receivables	60	119	161	180	202	220
+ LT Investments	60	119	161	180	202	220
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-80	-143	-188	-207	-229	-252
+ Total Intangible Assets	19	19	18	18	18	42
+ Goodwill	17	17	17	17	17	33
+ Other Intangible Assets	2	2	2	1	1	9
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-99	-162	-206	-225	-246	-294
Total Assets	1,095	1,333	1,783	2,045	2,447	2,848
+ Payables & Accruals	- -	- -	- -	1	2	2
+ Accounts Payable	- -	- -	- -	1	2	2
+ Accrued Taxes	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -
+ ST Debt	8	8	12	31	58	40
+ ST Borrowings	8	8	12	31	58	40
+ ST Finance Leases	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-8	-8	-13	-32	-60	-42
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-8	-8	-13	-32	-60	-42
Total Current Liabilities	- -	- -	- -	- -	- -	- -
+ LT Debt	4	35	26	86	184	91
+ LT Borrowings	4	35	26	86	184	91
+ LT Finance Leases	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	-4	-35	-26	-86	-184	-91
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-4	-35	-26	-86	-184	-91
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -
Total Liabilities	969	1,192	1,605	1,863	2,232	2,568
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	103	104	126	120	123	156
+ Common Stock	38	38	45	44	44	50
+ Additional Paid in Capital	65	65	81	77	78	107
- Treasury Stock	- -	- -	- -	- -	- -	- -
+ Retained Earnings	24	34	50	74	103	134
+ Other Equity	- -	3	2	-11	-8	-8
Equity Before Minority Interest	127	141	177	182	215	280
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -
Total Equity	127	141	177	182	215	280
Total Liabilities & Equity	1,095	1,333	1,783	2,045	2,447	2,848
Shares Outstanding	9	9	9	9	9	10
Number of Employees	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -
Net Debt	-79	-31	-171	12	87	-50
Net Debt to Equity	-62.11	-22.3	-96.78	6.51	40.53	-17.84
Tangible Common Equity Ratio	10.01	9.29	9	8.07	8.12	8.47
Current Ratio	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -

Cash Flow Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
+ Net Income	6	12	19	27	32	35
+ Depreciation & Amortization	1	2	2	2	1	2
+ Non-Cash Items	3	-1	9	13	7	3
+ Stock-Based Compensation	- -	1	1	1	1	1
+ Deferred Income Taxes	- -	-2	-1	-3	-3	-1
+ Asset Impairment Charge	- -	1	- -	- -	- -	- -
+ Other Non-Cash Adj	3	-1	9	14	9	2
+ Chg in Non-Cash Work Cap	1	-1	- -	-2	-1	- -
+ (Inc) Dec in Accts Receiv	1	-1	- -	-3	-2	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	- -	- -	- -	1	- -
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	11	11	30	39	39	40
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-7	-5	-3	- -	-1
+ Acq of Fixed Prod Assets	-1	-7	-5	-3	- -	-1
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	21	-7	1	- -
+ Increase in Capital Stock	- -	- -	21	- -	2	- -
+ Decrease in Capital Stock	- -	- -	- -	-7	-1	- -
+ Net Change in LT Investment	77	-55	-45	-38	-20	89
+ Dec in LT Investment	100	35	32	14	30	147
+ Inc in LT Investment	-23	-90	-77	-52	-50	-58
+ Net Cash From Acq & Div	-5	- -	- -	- -	- -	74
+ Cash from Divestitures	- -	- -	- -	- -	- -	74
+ Cash for Acq of Subs	-5	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-34	-199	-212	-347	-299	-217
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	36	-260	-261	-387	-319	-55
+ Dividends Paid	-2	-2	-3	-3	-3	-3
+ Net Cash From Debt	1	62	-5	79	66	-57
+ Cash From Debt	16	74	4	91	66	- -
+ Repayments of Debt	-15	-12	-9	-13	- -	-57
+ Other Financing Activities	-17	158	417	164	298	84
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-19	218	430	233	362	25
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -
Net Changes in Cash	29	-30	199	-115	82	10
EBITDA	1	2	2	2	1	2
EBITDA Margin (%)	3.11	4.43	3.38	1.91	1.68	2.13
Free Cash Flow	10	5	25	36	39	38
Net Cash Paid for Acquisitions	5	- -	- -	- -	- -	-74
Free Cash Flow to Firm	10	5	25	36	39	38
Free Cash Flow to Equity	- -	67	20	115	105	-18
Free Cash Flow per Basic Share	1.1	0.55	3.07	4.13	4.44	4.08
Price/Free Cash Flow	- -	- -	4.55	6.06	6.58	7.73
Cash Flow to Net Income	1.97	0.95	1.6	1.44	1.23	1.13
Capital Expenditures	-1	-7	-5	-3	- -	-1