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Southern States Bancshares Inc   (SSBK)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

SSBK's Operating Income Growth by Quarter and Year

Southern States Bancshares Inc 's Operating Income results by quarter and year




SSBK Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 11.23 13.11 -11.30 0.00
III Quarter September 8.50 8.87 6.21 0.00
II Quarter June 11.31 6.81 5.08 0.00
I Quarter March 9.99 6.00 0.00 0.00
FY   41.03 34.79 -0.01 0.00



SSBK Operating Income fourth quarter 2023 Y/Y Growth Comment
Southern States Bancshares Inc reported fall in Operating Income in the fourth quarter 2023 by -14.36% to $ 11.23 millions, from the same quarter in 2022.
The decline in the fourth quarter 2023 Southern States Bancshares Inc 's Operating Income compares unfavorably to the Company's average Operating Income doubling of 334.47%.

Looking into fourth quarter 2023 results within Regional Banks industry 3 other companies have achieved higher Operating Income growth. While Southern States Bancshares Inc ' s Operating Income decrease of -14.36% ranks overall at the positon no. 61 in the fourth quarter 2023.

Explain Operating Income growth


SSBK Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -14.36 % - - -
III Quarter September -4.17 % 42.83 % - -
II Quarter June 66.08 % 34.06 % - -
I Quarter March 66.5 % - - -
FY   17.93 % - - -

Financial Statements
Southern States Bancshares Inc 's fourth quarter 2023 Operating Income $ 11.23 millions SSBK's Income Statement
Southern States Bancshares Inc 's fourth quarter 2022 Operating Income $ 13.11 millions Quarterly SSBK's Income Statement
New: More SSBK's historic Operating Income Growth >>


SSBK Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 32.08 % 47.8 % - -
III Quarter September -24.85 % 30.25 % 22.24 % -
II Quarter June 13.21 % 13.5 % - -
I Quarter March -23.8 % - - -
FY (Year on Year)   17.93 % - - -




Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #4
Financial Sector #18
Overall #61

Operating Income Y/Y Growth Statistics
High Average Low
546.86 % 334.47 % 17.89 %
(Mar 31 2023)   (Dec 31 2023)
Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #4
Financial Sector #18
Overall #61
Operating Income Y/Y Growth Statistics
High Average Low
546.86 % 334.47 % 17.89 %
(Mar 31 2023)   (Dec 31 2023)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Southern States Bancshares Inc 's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
47.76 % 13.82 % -24.86 %
(Dec 31 2022)  


SSBK's IV. Quarter Q/Q Operating Income Comment
Southern States Bancshares Inc achieved in the IV. Quarter 2023 above company average sequential Operating Income jump of 32.08%, to $ 11.23 millions, from $8.50 millions in the third quarter.

Within Regional Banks industry 13 other companies have achieved higher Operating Income quarter on quarter growth. While Southern States Bancshares Inc 's Operating Income growth quarter on quarter, overall rank is 361.


Operating Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #14
Financial Sector #94
Overall #361
Operating Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #14
Financial Sector #94
Overall #361
Operating Income Q/Q Growth Statistics
High Average Low
47.76 % 13.82 % -24.86 %
(Dec 31 2022)  


SSBK's IV. Quarter Q/Q Operating Income Comment
Southern States Bancshares Inc achieved in the IV. Quarter 2023 above company average sequential Operating Income jump of 32.08%, to $ 11.23 millions, from $8.50 millions in the third quarter.

Within Regional Banks industry 13 other companies have achieved higher Operating Income quarter on quarter growth. While Southern States Bancshares Inc 's Operating Income growth quarter on quarter, overall rank is 361.


Southern States Bancshares Inc 's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Operating Income 12 Months Ending $ 41.02 $ 42.91 $ 43.28 $ 38.79 $ 34.80
Y / Y Operating Income Growth (TTM) 17.89 % 313.02 % 460.09 % 546.86 % -
Year on Year Operating Income Growth Overall Ranking # 22 # 40 # 40 # 35 # 0
Seqeuential Operating Income Change (TTM) -4.39 % -0.88 % 11.58 % 11.48 % 234.96 %
Seq. Operating Income Growth (TTM) Overall Ranking # 61 # 491 # 633 # 615 # 509




Cumulative Operating Income growth Comment
With the quarterly Operating Income reported in the Dec 31 2023 period, Southern States Bancshares Inc 's cumulative twelve months Operating Income were $ 41 millions, company would post below average annual Operating Income growth of 234.96% year on year, if the fiscal year would end at Dec 31 2023.
A slow-down in the Southern States Bancshares Inc 's Operating Income growth from the 8.5% growth in Sep 30 2023.

Among companies within the Financial sector 4 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 22, from total ranking in previous quarter at 40.

Operating Income TTM Q/Q Growth Statistics
High Average Low
546.86 %
334.47 %
17.89 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 4
Financial Sector # 5
Overall # 22

Operating Income TTM Y/Y Growth Statistics
High Average Low
546.86 %
334.47 %
17.89 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 4
Sector # 18
S&P 500 # 61
Cumulative Operating Income growth Comment
With the quarterly Operating Income reported in the Dec 31 2023 period, Southern States Bancshares Inc 's cumulative twelve months Operating Income were $ 41 millions, company would post below average annual Operating Income growth of 17.89% year on year, if the fiscal year would end at Dec 31 2023.
A slow-down in the Southern States Bancshares Inc 's Operating Income growth from the 8.5% growth in Sep 30 2023.

Among companies within the Financial sector 4 other companies have achieved higher trailing twelve month Operating Income growth. While Total ranking has impoved so far to 22, from total ranking in previous quarter at 40.

Operating Income TTM Q/Q Growth Statistics
High Average Low
546.86 %
334.47 %
17.89 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 4
Financial Sector # 5
Overall # 22

Operating Income TTM Y/Y Growth Statistics
High Average Low
546.86 %
334.47 %
17.89 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 4
Sector # 18
S&P 500 # 61




Other Operating Income Growth
Regional Banks Industry Operating Income Growth Trends and Statistics
Financial Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
SSBK's Operating Income Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for SSBK's Competitors
Operating Income Growth for Southern States Bancshares Inc 's Suppliers
Operating Income Growth for SSBK's Customers

You may also want to know
SSBK's Annual Growth Rates SSBK's Profitability Ratios SSBK's Asset Turnover Ratio SSBK's Dividend Growth
SSBK's Roe SSBK's Valuation Ratios SSBK's Financial Strength Ratios SSBK's Dividend Payout Ratio
SSBK's Roa SSBK's Inventory Turnover Ratio SSBK's Growth Rates SSBK's Dividend Comparisons



Companies with similar Operating Income jump for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Operating Income for the quarter ending Dec 31 2023
Orix Corporation-1.07%$ -1.070 millions
Security Federal Corp-1.47%$ -1.472 millions
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Republic Bancorp inc -6.62%$ -6.619 millions
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Chemung Financial Corp-6.76%$ -6.761 millions
Iron Mountain Inc-7.03%$ -7.027 millions
Federal Home Loan Bank Of Boston-7.05%$ -7.049 millions
Tfs Financial Corporation-7.08%$ -7.077 millions
Franklin Financial Services Corporation-7.37%$ -7.368 millions
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