SSBK
Income statement / Annual
Last year (2024), Southern States Bancshares, Inc.'s total revenue was $177.17 M,
an increase of 25.53% from the previous year.
In 2024, Southern States Bancshares, Inc.'s net income was $34.87 M.
See Southern States Bancshares, Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
| Operating Revenue |
$177.17 M |
$141.13 M |
$91.53 M |
$68.58 M |
$58.83 M |
$53.67 M |
$40.66 M |
| Cost of Revenue |
$83.03 M
|
$58.24 M
|
$17.12 M
|
$7.85 M
|
$12.01 M
|
$17.81 M
|
$9.72 M
|
| Gross Profit |
$94.14 M
|
$82.90 M
|
$74.41 M
|
$60.73 M
|
$46.82 M
|
$35.86 M
|
$30.93 M
|
| Gross Profit Ratio |
0.53
|
0.59
|
0.81
|
0.89
|
0.8
|
0.67
|
0.76
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$26.22 M
|
$25.67 M
|
$24.60 M
|
$21.67 M
|
$18.77 M
|
$14.94 M
|
$0.00
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$26.22 M
|
$25.67 M
|
$24.60 M
|
$21.67 M
|
$18.77 M
|
$14.94 M
|
$15.40 M
|
| Other Expenses |
$22.33 M
|
$16.21 M
|
$15.02 M
|
$14.77 M
|
$13.42 M
|
$12.83 M
|
-$5.52 M
|
| Operating Expenses |
$48.55 M
|
$41.88 M
|
$39.61 M
|
$36.44 M
|
$32.19 M
|
$27.77 M
|
$15.40 M
|
| Cost And Expenses |
$131.58 M
|
$100.11 M
|
$56.73 M
|
$44.28 M
|
$44.19 M
|
$45.58 M
|
$30.65 M
|
| Interest Income |
$169.78 M
|
$132.26 M
|
$82.85 M
|
$57.78 M
|
$50.29 M
|
$46.96 M
|
$0.00
|
| Interest Expense |
$78.07 M
|
$52.15 M
|
$11.51 M
|
$4.86 M
|
$8.71 M
|
$12.11 M
|
$0.00
|
| Depreciation & Amortization |
$2.11 M
|
$1.50 M
|
$1.53 M
|
$2.15 M
|
$2.22 M
|
$1.29 M
|
$1.21 M
|
| EBITDA |
$47.70 M |
$42.52 M |
$36.32 M |
$26.45 M |
$16.85 M |
$9.38 M |
$11.22 M |
| EBITDA Ratio |
0.27
|
0.3
|
0.4
|
0.39
|
0.29
|
0.17
|
0.28
|
| Operating Income Ratio |
0.26
|
0.29
|
0.38
|
0.35
|
0.25
|
0.15
|
0.38
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$45.59 M
|
$41.02 M
|
$34.80 M
|
$24.30 M
|
$14.63 M
|
$8.09 M
|
$10.01 M
|
| Income Before Tax Ratio |
0.26
|
0.29
|
0.38
|
0.35
|
0.25
|
0.15
|
0.25
|
| Income Tax Expense |
$10.72 M
|
$9.07 M
|
$7.73 M
|
$5.73 M
|
$2.53 M
|
$2.49 M
|
$2.30 M
|
| Net Income |
$34.87 M
|
$31.95 M
|
$27.07 M
|
$18.57 M
|
$12.11 M
|
$5.60 M
|
$7.71 M
|
| Net Income Ratio |
0.2
|
0.23
|
0.3
|
0.27
|
0.21
|
0.1
|
0.19
|
| EPS |
3.72 |
3.63 |
3.11 |
2.26 |
1.39 |
0.64 |
1.19 |
| EPS Diluted |
3.67 |
3.54 |
3.02 |
2.23 |
1.39 |
0.64 |
1.18 |
| Weighted Average Shares Out |
$9.36 M
|
$8.81 M
|
$8.71 M
|
$8.20 M
|
$8.71 M
|
$8.71 M
|
$6.47 M
|
| Weighted Average Shares Out Diluted |
$9.50 M
|
$9.04 M
|
$8.95 M
|
$8.32 M
|
$8.71 M
|
$8.71 M
|
$6.52 M
|
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