Southern States Bancshares, Inc.

DB:6U2 Stock Report

Market Cap: €303.8m

Southern States Bancshares Past Earnings Performance

Past criteria checks 2/6

Southern States Bancshares has been growing earnings at an average annual rate of 27.1%, while the Banks industry saw earnings growing at 18.3% annually. Revenues have been growing at an average rate of 16.7% per year. Southern States Bancshares's return on equity is 12%, and it has net margins of 37.4%.

Key information

27.1%

Earnings growth rate

23.6%

EPS growth rate

Banks Industry Growth10.6%
Revenue growth rate16.7%
Return on equity12.0%
Net Margin37.4%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Southern States Bancshares makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

DB:6U2 Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 248733310
30 Jun 248132280
31 Mar 248432310
31 Dec 238332310
30 Sep 238634320
30 Jun 238834340
31 Mar 237930310
31 Dec 227427300
30 Sep 226621290
30 Jun 226219280
31 Mar 226017280
31 Dec 216119270
30 Sep 215818270
30 Jun 215416260
31 Mar 215115250
31 Dec 204712240
31 Dec 19366190
31 Dec 18318150

Quality Earnings: 6U2 has high quality earnings.

Growing Profit Margin: 6U2's current net profit margins (37.4%) are lower than last year (39.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 6U2's earnings have grown significantly by 27.1% per year over the past 5 years.

Accelerating Growth: 6U2's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6U2 had negative earnings growth (-3.2%) over the past year, making it difficult to compare to the Banks industry average (12.9%).

Return on Equity

High ROE: 6U2's Return on Equity (12%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/09 07:15
End of Day Share Price 2025/01/09 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Southern States Bancshares, Inc. is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David BishopHovde Group, LLC
Catherine Summerson MealorKeefe, Bruyette, & Woods
Jennifer DembaTruist Securities