XNASSSBK
Market cap340mUSD
Jan 15, Last price
34.40USD
1D
3.06%
1Q
9.07%
IPO
78.24%
Name
Southern States Bancshares Inc
Chart & Performance
P/E
10.64
P/S
4.10
EPS
3.23
Div Yield, %
0.94%
Shrs. gr., 5y
6.77%
Rev. gr., 5y
15.31%
Revenues
83m
+3.60%
Net income
32m
+18.03%
CFO
39m
+1.26%
Dividend
Jul 31, 20240.09 USD/sh
Earnings
May 15, 2025
Profile
Southern States Bancshares, Inc. operates as the bank holding company for Southern States Bank that provides community banking services to businesses and individuals. It offers various deposit products, such as savings, money market, and noninterest-bearing demand accounts; certificates of deposit; and time deposits. The company also provides real estate loan products, which include loans for real estate construction and development, residential mortgages, and commercial real estate mortgage loans; commercial and industrial loans; and direct consumer installment loans, overdrafts, and other revolving credit loans. In addition, it offers online and mobile banking, and ATM services. The company operates 15 offices in Alabama and Georgia, as well as a loan production office in Atlanta, Georgia. Southern States Bancshares, Inc. was founded in 2007 and is headquartered in Anniston, Alabama.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | |
| Income | ||||||
Revenues | 82,896 3.60% | 80,015 25.58% | ||||
Cost of revenue | 30,969 | 33,327 | ||||
Unusual Expense (Income) | ||||||
NOPBT | 51,927 | 46,688 | ||||
NOPBT Margin | 62.64% | 58.35% | ||||
Operating Taxes | 9,068 | 7,725 | ||||
Tax Rate | 17.46% | 16.55% | ||||
NOPAT | 42,859 | 38,963 | ||||
Net income | 31,952 18.03% | 27,071 45.80% | ||||
Dividends | (3,193) | (3,165) | ||||
Dividend yield | 1.21% | 1.25% | ||||
Proceeds from repurchase of equity | 584 | (7,136) | ||||
BB yield | -0.22% | 2.83% | ||||
| Debt | ||||||
Debt current | 58,000 | (19) | ||||
Long-term debt | 126,039 | 117,638 | ||||
Deferred revenue | (825) | |||||
Other long-term liabilities | 2,106,026 | (116,730) | ||||
Net debt | (268,893) | (323,822) | ||||
| Cash flow | ||||||
Cash from operating activities | 39,354 | 38,866 | ||||
CAPEX | (249) | (2,600) | ||||
Cash from investing activities | (318,780) | (387,161) | ||||
Cash from financing activities | 361,578 | 232,838 | ||||
FCF | (15,989) | 48,386 | ||||
| Balance | ||||||
Cash | 250,651 | 261,002 | ||||
Long term investments | 202,281 | 180,439 | ||||
Excess cash | 448,787 | 437,440 | ||||
Stockholders' equity | 138,157 | 106,430 | ||||
Invested Capital | 2,366,506 | 1,937,592 | ||||
ROIC | 1.99% | 2.14% | ||||
ROCE | 2.07% | 2.28% | ||||
| EV | ||||||
Common stock shares outstanding | 9,038 | 8,713 | ||||
Price | 29.28 1.14% | 28.95 47.93% | ||||
Market cap | 264,637 4.92% | 252,237 54.98% | ||||
EV | (4,256) | (71,585) | ||||
EBITDA | 53,422 | 48,214 | ||||
EV/EBITDA | ||||||
Interest | 52,148 | 11,512 | ||||
Interest/NOPBT | 100.43% | 24.66% | ||||