Southern States Bancshares Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]
Southern States Bancshares, Inc. (SSBK)
Company Research
Source: Yahoo! Finance
Earnings per share rose to $0.77, surpassing expectations by 49%. However, profit margin decreased to 31% due to higher expenses. The company's revenue is forecast to grow 12% annually over the next three years, outpacing the US banking industry's expected growth rate. Revenue: US$23.4m (up 37% from 3Q 2023). Net income: US$7.35m (up 11% from 3Q 2023). Profit margin: 31% (down from 39% in 3Q 2023). The decrease in margin was driven by higher expenses. EPS: US$0.77 (up from US$0.75 in 3Q 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 49%. Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's share price is broadly unchanged from a week ago. Before you take the next
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News
- Southern States Bancshares (NASDAQ:SSBK) Has Affirmed Its Dividend Of $0.09 [Yahoo! Finance]Yahoo! Finance
- Southern States Bancshares, Inc. (NASDAQ:SSBK) Looks Like A Good Stock, And It's Going Ex-Dividend Soon [Yahoo! Finance]Yahoo! Finance
- Southern States Bancshares, Inc. (NASDAQ: SSBK) had its price target lowered by analysts at Hovde Group from $36.00 to $35.00. They now have an "outperform" rating on the stock.MarketBeat
- Southern States Bancshares Non-GAAP EPS of $0.89, revenue of $26M [Seeking Alpha]Seeking Alpha
- Southern States Bancshares, Inc. Announces Third Quarter 2024 Financial ResultsGlobeNewswire
SSBK
Sec Filings
- 11/14/24 - Form 10-Q
- 11/13/24 - Form 4
- 11/8/24 - Form SC
- SSBK's page on the SEC website