SSBK
Income statement / Annual
Last year (2023), Southern States Bancshares, Inc.'s total revenue was $82.90 M,
an increase of 3.60% from the previous year.
In 2023, Southern States Bancshares, Inc.'s net income was $31.95 M.
See Southern States Bancshares, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
| Operating Revenue |
$82.90 M
|
$80.02 M
|
$63.72 M
|
$50.12 M
|
$41.56 M
|
$40.66 M
|
| Cost of Revenue |
$0.00 |
$8.73 M |
$8.05 M |
$0.00 |
$0.00 |
$9.72 M |
| Gross Profit |
$82.90 M |
$71.29 M |
$55.67 M |
$50.12 M |
$41.56 M |
$30.93 M |
| Gross Profit Ratio |
1 |
0.89 |
0.87 |
1 |
1 |
0.76 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$2.53 M
|
$24.60 M
|
$21.67 M
|
$18.77 M
|
$14.94 M
|
$0.00
|
| Selling & Marketing
Expenses |
$28.44 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$30.97 M
|
$24.60 M
|
$21.67 M
|
$18.77 M
|
$14.94 M
|
$15.40 M
|
| Other Expenses |
$0.00 |
-$15.87 M |
-$61.08 M |
-$54.25 M |
-$48.41 M |
-$5.52 M |
| Operating Expenses |
$30.97 M |
$8.73 M |
-$39.42 M |
-$35.49 M |
-$33.47 M |
$5.52 M |
| Cost And Expenses |
$100.23 M |
$8.73 M |
-$39.42 M |
-$35.49 M |
-$33.47 M |
$30.65 M |
| Interest Income |
$132.26 M |
$82.85 M |
$57.78 M |
$50.29 M |
$46.96 M |
$0.00 |
| Interest Expense |
$52.15 M |
$11.51 M |
$4.86 M |
$8.71 M |
$12.11 M |
$0.00 |
| Depreciation &
Amortization |
$1.50 M
|
$1.53 M
|
$2.15 M
|
$1.96 M
|
$1.29 M
|
$1.21 M
|
| EBITDA |
$42.52 M
|
$1.66 M
|
$2.97 M
|
$16.59 M
|
$9.38 M
|
$11.22 M
|
| EBITDA Ratio |
0.51 |
0.6 |
0.42 |
0.34 |
0.23 |
0.25 |
| Operating Income Ratio
|
0.63
|
0.58
|
0.38
|
0.29
|
0.19
|
0.25
|
| Total Other
Income/Expenses Net |
-$10.91 M
|
-$9.66 M
|
$21.33 M
|
-$7.90 M
|
-$3.37 M
|
-$5.52 M
|
| Income Before Tax |
$41.02 M |
$34.80 M |
$24.30 M |
$14.63 M |
$8.09 M |
$10.01 M |
| Income Before Tax Ratio
|
0.49
|
0.43
|
0.38
|
0.29
|
0.19
|
0.25
|
| Income Tax Expense |
$9.07 M |
$7.73 M |
$5.73 M |
$2.53 M |
$2.49 M |
$2.30 M |
| Net Income |
$31.95 M |
$27.07 M |
$18.57 M |
$12.11 M |
$5.60 M |
$7.71 M |
| Net Income Ratio |
0.39 |
0.34 |
0.29 |
0.24 |
0.13 |
0.19 |
| EPS |
3.63 |
3.11 |
2.26 |
1.39 |
0.64 |
1.19 |
| EPS Diluted |
3.54 |
3.11 |
2.23 |
1.39 |
0.64 |
1.18 |
| Weighted Average Shares
Out |
$8.81 M
|
$8.71 M
|
$8.20 M
|
$8.71 M
|
$8.71 M
|
$6.47 M
|
| Weighted Average Shares
Out Diluted |
$9.04 M
|
$8.71 M
|
$8.32 M
|
$8.71 M
|
$8.71 M
|
$6.52 M
|
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