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Southern States Bancshares Inc (SSBK) Annual Income Statement

Annual · GAAP · USD millions
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This income statement overview for Southern States Bancshares Inc spans from to Dec 31 2024, showing how the company's revenues, expenses, and earnings have changed across reporting periods.
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Annual Report, GAAP in USD millions
ITEM 		(Dec 31 2024)
2024 		(Dec 31 2023) (Dec 31 2022) (Dec 31 2021)
Revenues
Interest and Fee Income, Loans and Leases146.71
Interest and Dividend Income, Securities, Operating0.95
Other Interest and Dividend Income13.66
Other Income8.46
Total Interest Income169.78
Interest Expense, Deposits70.63
Interest Expense, Borrowings7.44
Net Interest (-)Expense / Income-78.07
Net Interest Income91.71
Provision for loan losses4.96
Total Net Interest Income86.75
Fees and Commissions, Mortgage Banking and Servicing0.36
Revenue From Contract With Customer Excluding Assessed Tax2.02
Noninterest Income, Other Operating Income3.32
Other Non-Interest Income0.10
Total Non-interest Income7.39
Total Revenues94.14
Costs & Expenses
Salaries & employee benefits, SGA26.22
Restructuring, Accretion & impairment charges1.51
Information Technology and Data Processing3.07
Professional Fees0.24
Other Noninterest Expense12.90
Other loss /-income1.59
Total Operating Expenses48.55
Total Costs & Expenses126.62
Income & Taxes
Income /-loss before income taxes45.59
Income taxes expenses/-benefit10.72
Income after income taxes34.87
Net income/-loss of other equity0.00
Income /-loss after income taxes34.87
Net Income/-loss34.87
Income/-loss to shareholder34.87
Earnings Per Share
Basic EPS (excl. extra items)3.72
Basic Net EPS3.72
Basic shares outstanding (Mill. of Units)9.36
Diluted Net EPS3.67
Diluted average shares (Mill. of Units)9.50
Dividend per share0.35
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About Southern States Bancshares Inc Annual Income Statement

What this statement shows

This page presents issuer-reported income statement data, detailing revenue, operating costs, expenses, and earnings as disclosed in SEC 10-K filings and standardized by CSIMarket. The income statement reflects operating performance over a reporting period rather than financial position at a single date.

Revenue and expense treatment

Revenue and expense items are aligned to support period-to-period comparability. Operating and non-operating items, interest, and income taxes are classified based on issuer disclosures and XBRL tagging.

Source & verification

  • Source: SEC 10-K filings
  • Filed with the SEC: March 14, 2025
  • Original filing: ssbk-20241231.htm

Income statement figures represent operating results for each reporting period and may be revised in subsequent filings.

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