Southern States Bancshares Past Earnings Performance
Past criteria checks 3/6
Southern States Bancshares has been growing earnings at an average annual rate of 31.6%, while the Banks industry saw earnings growing at 14.1% annually. Revenues have been growing at an average rate of 18.2% per year. Southern States Bancshares's return on equity is 14.5%, and it has net margins of 38.7%.
Key information
31.6%
Earnings growth rate
27.6%
EPS growth rate
| Banks Industry Growth | 10.6% |
| Revenue growth rate | 18.2% |
| Return on equity | 14.5% |
| Net Margin | 38.7% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Southern States Bancshares makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 84 | 32 | 31 | 0 |
| 31 Dec 23 | 83 | 32 | 31 | 0 |
| 30 Sep 23 | 86 | 34 | 30 | 0 |
| 30 Jun 23 | 88 | 34 | 32 | 0 |
| 31 Mar 23 | 79 | 30 | 31 | 0 |
| 31 Dec 22 | 74 | 27 | 30 | 0 |
| 30 Sep 22 | 66 | 21 | 29 | 0 |
| 30 Jun 22 | 62 | 19 | 28 | 0 |
| 31 Mar 22 | 60 | 17 | 28 | 0 |
| 31 Dec 21 | 61 | 19 | 27 | 0 |
| 30 Sep 21 | 58 | 18 | 27 | 0 |
| 30 Jun 21 | 54 | 16 | 26 | 0 |
| 31 Mar 21 | 51 | 15 | 25 | 0 |
| 31 Dec 20 | 47 | 12 | 24 | 0 |
| 31 Dec 19 | 36 | 6 | 19 | 0 |
| 31 Dec 18 | 31 | 8 | 15 | 0 |
Quality Earnings: 6U2 has high quality earnings.
Growing Profit Margin: 6U2's current net profit margins (38.7%) are higher than last year (38.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 6U2's earnings have grown significantly by 31.6% per year over the past 5 years.
Accelerating Growth: 6U2's earnings growth over the past year (7.3%) is below its 5-year average (31.6% per year).
Earnings vs Industry: 6U2 earnings growth over the past year (7.3%) did not outperform the Banks industry 26%.
Return on Equity
High ROE: 6U2's Return on Equity (14.5%) is considered low.