Financial Snapshot

Revenue
$1.367M
TTM
Gross Margin
Net Earnings
$31.84M
TTM
Current Assets
Current Liabilities
$10.02M
Q2 2024
Current Ratio
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$230.6M
Q2 2024
Cash
Q2 2024
P/E
8.832
Oct 17, 2024 EST
Free Cash Flow
$37.34M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $1.790M $1.863M $57.78M $50.29M
YoY Change -3.92% -96.78% 14.9%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $1.790M $1.863M $57.78M $50.29M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.495M $1.526M $2.150M $2.220M $1.300M $1.210M
YoY Change -2.03% -29.02% -3.15% 70.77% 7.44%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense $52.15M $11.51M $4.864M $8.708M
YoY Change 352.99% 136.68% -44.14%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income $41.02M $34.80M $24.30M $14.63M $8.090M $10.01M
YoY Change 17.89% 43.2% 66.06% 80.88% -19.18%
Income Tax $9.068M $7.725M $5.732M $2.526M $2.490M $2.300M
% Of Pretax Income 22.11% 22.2% 23.59% 17.26% 30.78% 22.98%
Net Earnings $31.95M $27.07M $18.57M $12.11M $5.600M $7.710M
YoY Change 18.03% 45.8% 53.36% 116.2% -27.37%
Net Earnings / Revenue 1785.03% 1453.09% 32.14% 24.08%
Basic Earnings Per Share $3.63 $3.08 $2.26 $1.58
Diluted Earnings Per Share $3.54 $3.025M $2.23 $1.56 $642.9K $885.2K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $26.43M $27.35M $27.00M $24.40M $20.10M $16.30M
YoY Change -3.36% 1.28% 10.66% 21.39% 23.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.649M $5.243M $11.80M $8.200M $2.000M $1.400M
YoY Change -30.4% -55.57% 43.9% 310.0% 42.86%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets $2.446B $2.045B $1.783B $1.333B $1.096B $887.6M
YoY Change
Accounts Payable $1.519M $584.0K $100.0K $300.0K $500.0K $300.0K
YoY Change 160.1% 484.0% -66.67% -40.0% 66.67%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $26.99M -$19.00K $12.50M $8.000M $8.000M $7.500M
YoY Change -142173.68% -100.15% 56.25% 0.0% 6.67%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $28.51M $584.0K $100.0K $300.0K $500.0K $300.0K
YoY Change 4782.36% 484.0% -66.67% -40.0% 66.67%
Long-Term Debt $86.68M $86.31M $0.00 $4.500M $4.500M $4.500M
YoY Change 0.42% -100.0% 0.0% 0.0%
Other Long-Term Liabilities $27.99M $24.53M $10.40M $8.500M $5.400M $4.000M
YoY Change 14.14% 135.82% 22.35% 57.41% 35.0%
Total Long-Term Liabilities $114.7M $110.8M $10.40M $13.00M $9.900M $8.500M
YoY Change 3.46% 965.76% -20.0% 31.31% 16.47%
Total Liabilities $2.231B $1.863B $1.605B $1.192B $968.9M $792.1M
YoY Change 19.76% 16.06% 34.69% 23.02% 22.32%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 8.810M shares 8.775M shares 8.198M shares 7.673M shares
Diluted Shares Outstanding 9.038M shares 8.950M shares 8.317M shares 7.766M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $281.23 Million

About Southern States Bancshares Inc

Southern States Bancshares, Inc. is a bank holding company, which engages in the provision of community banking services. The company is headquartered in Anniston, Alabama and currently employs 181 full-time employees. The company went IPO on 2021-08-12. 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.

Industry: State Commercial Banks Peers: Bankwell Financial Group Inc BayCom Corp Blue Ridge Bankshares Inc Colony Bankcorp Inc First Guaranty Bancshares Inc First Western Financial Inc Northrim BanCorp Inc PNC Financial Services Group Inc River Financial Corp Third Coast Bancshares Inc