SSBK icon

Southern States Bancshares

36.32 USD
+0.65
1.82%
At close Apr 2, 4:00 PM EDT
After hours
36.32
+0.00
0.00%
1 day
1.82%
5 days
10.23%
1 month
11.75%
3 months
11.51%
6 months
25.24%
Year to date
11.51%
1 year
44.76%
5 years
83.71%
10 years
83.71%
 

About: Southern States Bancshares Inc is a full-service community banking institution, that offers an array of deposit, loan, and other banking-related products and services to businesses and individuals in communities. The company is focused on personalized, relationship-driven service combined with local market management and expertise to serve small and medium size businesses and individuals. It has three portfolio segments Real estate, Commercial and industrial, Consumer and other.

Employees: 209

0
Funds holding %
of 7,398 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

106% more repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 16

75% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 8

16% more capital invested

Capital invested by funds: $157M [Q3] → $182M (+$25.1M) [Q4]

5% more funds holding

Funds holding: 78 [Q3] → 82 (+4) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q3] → 2 (+0) [Q4]

2.01% less ownership

Funds ownership: 57.27% [Q3] → 55.26% (-2.01%) [Q4]

Research analyst outlook

We haven’t received any recent analyst ratings for SSBK.

Financial journalist opinion

Based on 4 articles about SSBK published over the past 30 days

Neutral
PRNewsWire
2 days ago
$HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Southern States Bancshares, Inc. - SSBK
NEW YORK , March 31, 2025 /PRNewswire/ -- Monteverde & Associates PC  (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Southern States Bancshares, Inc. (NASDAQ: SSBK ), relating to the proposed merger with FB Financial Corporation.
$HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Southern States Bancshares, Inc. - SSBK
Neutral
Business Wire
2 days ago
Shareholder Alert: The Ademi Firm Investigates Whether Southern States Bancshares, Inc. Is Obtaining a Fair Price for Its Public Shareholders
MILWAUKEE--(BUSINESS WIRE)--The Ademi Firm is investigating Southern States (Nasdaq: SSBK) for possible breaches of fiduciary duty and other violations of law in its transaction with FB Financial. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, Southern States shareholders will receive only 0.800 shares of FB Financial common stock for e.
Shareholder Alert: The Ademi Firm Investigates Whether Southern States Bancshares, Inc. Is Obtaining a Fair Price for Its Public Shareholders
Neutral
GlobeNewsWire
2 days ago
FB Financial to Expand in Alabama and Georgia by Merger With Southern States
NASHVILLE, Tenn. and ANNISTON, Ala.
FB Financial to Expand in Alabama and Georgia by Merger With Southern States
Neutral
Business Wire
2 days ago
FB Financial to Expand in Alabama and Georgia by Merger With Southern States
NASHVILLE, Tenn. & ANNISTON, Ala.--(BUSINESS WIRE)--FB Financial Corporation (“FB Financial”) (NYSE: FBK), the parent company of FirstBank, and Southern States Bancshares, Inc. (“Southern States”) (Nasdaq: SSBK), the parent company of Southern States Bank, jointly announced their entry into a definitive merger agreement pursuant to which Southern States will be merged with and into FB Financial. Southern States is headquartered in Anniston, Alabama, with 15 branches across Alabama and Georgia,.
FB Financial to Expand in Alabama and Georgia by Merger With Southern States
Neutral
GlobeNewsWire
2 months ago
Southern States Bancshares, Inc. Announces Fourth Quarter 2024 Financial Results
Fourth Quarter 2024 Performance and Operational Highlights Net income of $11.2 million, or $1.11 per diluted share Core net income(1) of $10.5 million, or $1.04 per diluted share(1) Pretax pre-provision core net income(1) of $14.0 million Net interest income of $25.1 million, an increase of $804,000 from the prior quarter Net interest margin (“NIM”) of 3.66%, up 1 basis point from the prior quarter Return on average assets (“ROAA”) of 1.55%; return on average stockholders' equity (“ROAE”) of 16.13%; and return on average tangible common equity (“ROATCE”)(1) of 18.87% Core ROAA(1) of 1.45%; and core ROATCE(1) of 17.67% Efficiency ratio of 46.67%; and core efficiency ratio of 47.78% Linked-quarter loans grew 4.9% annualized Linked-quarter total deposits, excluding brokered deposits, grew 6.2% annualized Linked-quarter brokered deposits declined (22.7)% ANNISTON, Ala., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States” or the “Company”), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the “Bank”), today reported net income of $11.2 million, or $1.11 diluted earnings per share, for the fourth quarter of 2024.
Southern States Bancshares, Inc. Announces Fourth Quarter 2024 Financial Results
Neutral
GlobeNewsWire
2 months ago
Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 per Share
ANNISTON, Ala., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the “Bank”), today announced that its Board of Directors has declared a cash dividend on its common stock of $0.09 per share. The dividend is payable on February 14, 2025 to shareholders of record as of February 3, 2025.
Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 per Share
Neutral
GlobeNewsWire
5 months ago
Southern States Bancshares, Inc. Announces Third Quarter 2024 Financial Results
Third Quarter 2024 Performance and Operational Highlights Net income of $7.4 million, or $0.76 per diluted share Core net income(1) of $8.7 million, or $0.89 per diluted share(1) Core pretax pre-provision net income(1) of $13.8 million Net interest income of $24.2 million, an increase of $2.7 million from the prior quarter Net interest margin (“NIM”) of 3.65%, up 9 basis points from the prior quarter NIM of 3.66% on a fully-taxable equivalent basis (“NIM - FTE”)(1) Return on average assets (“ROAA”) of 1.05%; return on average stockholders' equity (“ROAE”) of 11.89%; and return on average tangible common equity (“ROATCE”)(1) of 13.35% Core ROAA(1) of 1.24%; and core ROATCE(1) of 15.74% Efficiency ratio of 52.79%; and core efficiency ratio of 46.96% Linked-quarter loans grew 36.3% annualized; and legacy loans grew 10.3% annualized Linked-quarter total deposits grew 44.8% annualized Linked-quarter total deposits, excluding brokered deposits, grew 71.5% annualized; and legacy total deposits, excluding brokered deposits grew 9.6% annualized (1) See "Reconciliation of Non-GAAP Financial Measures" below for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial measures. ANNISTON, Ala.
Southern States Bancshares, Inc. Announces Third Quarter 2024 Financial Results
Neutral
GlobeNewsWire
5 months ago
Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 per Share
ANNISTON, Ala., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the “Bank”), today announced that its Board of Directors has declared a cash dividend on its common stock of $0.09 per share. The dividend is payable on November 15, 2024 to shareholders of record as of November 1, 2024.
Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 per Share
Neutral
GlobeNewsWire
8 months ago
Southern States Bancshares Completes Acquisition of CBB Bancorp
ANNISTON, Ala., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”), the holding company for Southern States Bank, announced today the completion of its previously announced acquisition of CBB Bancorp (“CBB Bancorp”), the holding company for Century Bank of Georgia (“Century Bank”). Effective July 31, 2024, CBB Bancorp has been merged with and into Southern States, with Southern States surviving, and Century Bank has been merged with and into Southern States Bank, with Southern States Bank surviving.
Southern States Bancshares Completes Acquisition of CBB Bancorp
Neutral
GlobeNewsWire
8 months ago
Southern States Bancshares, Inc. Announces Second Quarter 2024 Financial Results
Second Quarter 2024 Performance and Operational Highlights Net income of $8.2 million, or $0.90 per diluted share Core net income (1) of $9.1 million, or $1.00 per diluted share (1) Net interest income of $ 21.6 million, an increase of $ 740,000 from the prior quarter Net interest margin (“NIM”) of 3.56% , down 3 basis points from the prior quarter NIM of 3.57% on a fully-taxable equivalent basis (“NIM - FTE”) (1) Return on average assets (“ROAA”) of 1.29%; return on average stockholders' equity (“ROAE”) of 14.55%; and return on average tangible common equity (“ROATCE”)(1) of 15.79% Core ROAA (1) of 1.43% ; and core ROATCE (1) of 17.44% Efficiency ratio of 49.78% ; and core efficiency ratio of 44.75% Linked-quarter loans grew 10.3% annualized Linked-quarter total deposits grew 12.6% annualized Linked-quarter total deposits, excluding brokered deposits, grew 15.2% annualized (1) See "Reconciliation of Non-GAAP Financial Measures" below for reconciliation of non-GAAP financial measures to their most closely comparable GAAP financial measures.           ANNISTON, Ala.
Southern States Bancshares, Inc. Announces Second Quarter 2024 Financial Results
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