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Southern States Bancshares, Inc. (SSBK)
Key financial summary
Financials in USD| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Total net revenue | $m | 42 | 50 | 64 | 80 | 89 | 99 | 104 |
| Operating profit | $m | 46 | 49 | |||||
| Net profit | $m | 6 | 12 | 19 | 27 | 32 | 35 | 37 |
| EPS reported | $ | 3.67 | 3.80 | |||||
| Operating cashflow per share | $ | 4.22 | 4.22 | |||||
| Capex per share | $ | 0.15 | 0.15 | |||||
| FCF per share | $ | 4.08 | 4.08 | |||||
| Free cash flow | $m | 38 | 36 | |||||
| Net debt | $m | -168 | -164 | |||||
| Book value equity | $m | 280 | 290 | |||||
| Book value per share | $ | 29.45 | 28.81 | |||||
| Number of shares | m | 9.5 | 10.07 | |||||
| DPS (TTM paid) | $ | 0.36 | 0.36 |
Financial summary
Financials in USD| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Value | ||||||||
| P/E TTM | x | 9.08 | - | |||||
| P/B LTM | x | 1.11 | 1.24 | |||||
| P/S LTM | x | 3.15 | 3.49 | |||||
| P/FCF LTM | x | 8.17 | 9.89 | |||||
| EV/EBITDA LTM | x | 5.49 | 3.86 | |||||
| EV/Sales LTM | x | 1.48 | 1.90 | |||||
| Earnings Yield LTM | % | 11.01% | 10.25% | |||||
| FCF Yield | % | 12.24% | 10.11% | |||||
| Quality | ||||||||
| ROE | % | 12.46% | 14.09% | |||||
| ROIC | % | 8.02% | 8.02% | |||||
| Operating margin | % | 25.73% | 25.73% | |||||
| Gross margin | % | 53.14% | 53.14% | |||||
| FCF/Sales | % | 21.53% | 21.53% | |||||
| Growth and momentum | ||||||||
| EPS Growth YoY | % | +3.67% | +5.56% | |||||
| Sales Growth YoY | % | +11.36% | +15.34% | |||||
| Net Income Growth YoY | % | +9.13% | +14.51% | |||||
| FCF Growth | % | -2.45% | -11.95% | |||||
| Operating Profit Growth | % | +11.15% | +16.92% | |||||
| Dividend and capital structure | ||||||||
| Dividend Yield | % | 1.06% | 0.99% | |||||
| Dividend Growth | % | 0.00% | - | |||||
| Payout Ratio | % | 9.51% | 9.21% | |||||
| FCF/Debt | x | 0.29 | 0.33 | |||||
| Net Debt/EBITDA | x | -1.05 | -1.05 | |||||
| EBIT/Net interest | x | 0.58 | 0.58 | |||||
| Net debt/market cap | % | -53.97% | -45.51% | |||||
| Net debt/Equity | x | -0.60 | -0.57 | |||||
| Gross debt/equity | x | 0.47 | 0.38 | |||||
Company overview
Southern States Bancshares, Inc. serves as the holding company for Southern States Bank, which delivers comprehensive community banking solutions to both corporate clients and individual customers. The bank offers a variety of savings and investment products, including savings accounts, money market accounts, and interest-free checking options, along with certificates of deposit and time deposits. On the lending front, it provides diverse real estate financing solutions such as loans for construction and development projects, residential home mortgages, and commercial property loans. Additionally, the bank extends credit to businesses and industries, and offers consumer credit products like direct installment loans, overdraft protection, and various revolving credit lines. For enhanced accessibility, customers can utilize online banking, mobile banking, and ATM services. The company maintains 15 operational branches located throughout Alabama and Georgia, complemented by a dedicated loan production office in Atlanta, Georgia. Founded in 2007, Southern States Bancshares, Inc. has its headquarters situated in Anniston, Alabama.
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For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Southern States Bancshares, Inc. (SSBK)
Southern States Bancshares, Inc. serves as the holding company for Southern States Bank, which delivers comprehensive community banking solutions to both corporate clients and individual customers. The bank offers a variety of savings and investment products, including savings accounts, money market accounts, and interest-free checking options, along with certificates of deposit and time deposits. On the lending front, it provides diverse real estate financing solutions such as loans for construction and development projects, residential home mortgages, and commercial property loans. Additionally, the bank extends credit to businesses and industries, and offers consumer credit products like direct installment loans, overdraft protection, and various revolving credit lines. For enhanced accessibility, customers can utilize online banking, mobile banking, and ATM services. The company maintains 15 operational branches located throughout Alabama and Georgia, complemented by a dedicated loan production office in Atlanta, Georgia. Founded in 2007, Southern States Bancshares, Inc. has its headquarters situated in Anniston, Alabama.
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