SSBK

Southern States Bancshares, Inc.

$35.98

0.32

(0.9%)

Exchange:	NASDAQ
Market Cap:	357.197M
Shares Outstanding:	6.474M

Overview

Earnings

Financials

Valuation

Chart

About The Company

Southern States Bancshares, Inc. operates as the bank holding company for Southern States Bank that provides community banking services to businesses and individuals. It offers various deposit products, such as savings, money market, and noninterest-bearing demand accounts; certificates of deposit; and time deposits. The company also provides real estate loan products, which include loans for real estate construction and development, residential mortgages, and commercial real estate mortgage loans; commercial and industrial loans; and direct consumer installment loans, overdrafts, and other revolving credit loans. In addition, it offers online and mobile banking, and ATM services. The company operates 15 offices in Alabama and Georgia, as well as a loan production office in Atlanta, Georgia. Southern States Bancshares, Inc. was founded in 2007 and is headquartered in Anniston, Alabama.

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Revenue Segmentation

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EPS

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Earnings Call

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Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Income Statement

(* All numbers are in thousands)

	2018	2019	2020	2021	2022	2023	2024
? Revenue	40,657.159	41,559	50,118	63,716	80,015	82,896	99,097
? Cost Of Revenue	9,724.044	0	0	8,048	8,730	0	-70,684
? Gross Profit	30,933.115	41,559	50,118	55,668	71,285	82,896	169,781
? Research And Development Expenses	0	0	0	0	0	0	0
? General And Administrative Expenses	0	14,942	18,765	21,667	24,597	2,528	26,221
? Selling And Marketing Expenses	0	0	0	0	0	28,441	0
? Operating Expenses	5,522.340	-33,471	-35,485	-39,417	8,730	30,969	99,097
? Net Interest Income	0	0	0	0	0	0	91,707
? Interest Income	0	46,955	50,285	57,777	82,850	132,260	169,781
? Interest Expense	0	12,106	8,708	4,864	11,512	52,148	78,074
? Depreciation And Amortization	1,208.297	1,293.035	1,956	2,152	1,526	1,495	2,109
? EBITDA	11,217.035	9,380.985	16,589	2,968	1,655	3,405	0
? EBIT							-2,109
? Operating Income	10,008.738	8,088	14,633	24,299	46,308	51,927	3,324
? Income Before Tax	10,008.738	8,088	14,633	24,299	34,796	41,020	45,592
? Income Tax Expense	2,296.230	2,486	2,526	5,732	7,725	9,068	10,724
? Net Income From Continuing Operations							34,868
? Net Income	7,712.508	5,602	12,107	18,567	27,071	31,952	34,868
? EPS (Earnings Per Share)	1.190	0.640	1.390	2.260	3.110	3.630	3.720
? EPS Diluted	1.180	0.640	1.390	2.230	3.110	3.540	3.590
? Weighted Average Shares Outstanding	6,473.652	8,712.857	8,712.857	8,198.188	8,712.857	8,809.590	9,357.336
? Weighted Average Shares Outstanding Diluted	6,515.173	8,712.857	8,712.857	8,316.536	8,712.857	9,038.154	9,725.884
	USD	USD	USD	USD	USD	USD	USD

Balance Sheet

(* All numbers are in thousands)

	2018	2019	2020	2021	2022	2023	2024
? Cash And Cash Equivalents	84,953.674	91,119	74,732	209,934	105,458	154,556	27,321
? Short Term Investments	0	59,947	114,001	132,172	155,544	179,000	196,870
? Cash And Short Term Investments	84,953.674	151,066	188,733	342,106	261,002	250,651	224,191
? Net Receivables	0	2,986	4,243	4,170	6,963	8,711	10,111
? Accounts Receivables							10,111
? Inventory	0	-126,505.482	-99,374	-291,056	-178,392	0	0
? Total Current Assets	89,692.128	154,052	192,976	346,276	267,965	250,651	234,302
? Property Plant Equipment Net	16,309.809	20,126	24,426	27,044	27,345	26,426	32,048
? Goodwill	6,040.834	16,862	16,862	16,862	16,862	16,862	33,176
? Intangible Assets	334.003	2,028	1,764	1,500	1,226	899	8,939
? Long Term Investments	65,019.236	59,947	119,018	161,076	180,439	202,281	0
? Total Non Current Assets	798,436.186	98,963	162,070	206,482	45,433	2,187,997	74,163
? Total Assets	888,128.314	1,095,491	1,332,506	1,782,970	2,044,866	2,446,663	2,848,254
? Account Payables	0	473	278	132	584	1,519	2,172
? Short Term Debt	7,500	7,984	7,975	0	31,000	58,000	0
? Deferred Revenue	0	0	0	0	0	0	0
? Total Current Liabilities	125,399.383	8,457	8,253	12,630	565	0	2,172
? Long Term Debt	4,461.938	4,478	35,393	25,950	117,295	125,673	0
? Deferred Revenue Non Current	657,885.505	3,095.366	33,324	36,690	-825	0	0
? Deferred Tax Liabilities Non Current	521.733	1,382.634	2,069	1,758	825	0	0
? Total Non Current Liabilities	667,253.791	4,478	35,393	38,448	565	2,231,699	0
? Total Liabilities	792,653.174	968,854	1,191,850	1,605,772	1,863,147	2,231,699	2,568,365
? Treasury Stock							0
? Preferred Stock	0	0	0	0	0	0	0
? Common Stock	32,415.915	38,254	38,391	45,064	43,714	44,479	0
? Retained Earnings	20,688.625	23,918	34,183	49,858	73,764	102,523	0
? Additional Paid In Capital							0
? Total Stockholders Equity	95,475.140	126,637	140,656	177,198	181,719	214,964	279,889
? Total Equity	95,475.140	126,637	140,656	177,198	181,719	214,964	279,889
? Minority Interest	0	0	0	0	0	0	0
? Total Liabilities And Total Equity	888,128.314	1,095,491	1,332,506	1,782,970	2,044,866	2,446,663	2,848,254
? Total Investments	65,019.236	119,894	233,019	293,248	335,983	381,281	196,870
? Total Debt	11,961.938	12,462	43,368	38,448	117,295	183,673	131,224
? Net Debt	-72,991.736	-78,657	-31,364	-171,486	11,837	29,117	-27,321
	USD	USD	USD	USD	USD	USD	USD

Cash Flow Statement

(* All numbers are in thousands)

	2018	2019	2020	2021	2022	2023	2024
? Net Income	7,712.508	5,602	12,107	18,567	27,071	31,952	34,868
? Depreciation And Amortization	1,208.297	1,292	2,220	2,152	1,526	1,495	2,109
? Deferred Income Tax	350.620	-206	-1,587	-973	-2,696	-2,939	0
? Stock Based Compensation	238.158	432	739	825	912	870	1,010
? Change In Working Capital	953.166	824	-1,451	-73	-2,341	1,930	0
? Accounts Receivables	-588.778	745	-1,256	73	-2,793	0	0
? Inventory	0	0	0	0	0	0	0
? Accounts Payables	0	79	-195	-146	452	0	0
? Net Cash Provided By Operating Activities	11,515.544	11,021	11,454	29,703	38,866	39,354	39,508
? Investments In Property Plant And Equipment	-494	-1,394	-6,648	-4,507	-2,600	-249	0
? Acquisitions Net	0	-4,951	-198,948	-220,282	4,311	0	74,262
? Purchases Of Investments	-3,090.627	-23,499	-90,262	-76,887	-51,797	-49,675	-58,082
? Sales Maturities Of Investments	4,170.930	100,477	35,296	32,355	13,910	30,433	147,111
? Net Cash Provided By Investing Activities	0	0	0	0	0	0	-54,856
? Net Debt Issuance	0	0	0	0	0	0	-56,560
? Long Term Net Debt Issuance	0	0	0	0	0	0	-56,560
? Short Term Net Debt Issuance	0	0	0	0	0	0	0
? Net Stock Issuance	0	0	0	0	0	0	446
? Net Dividends Paid	-1,876.743	-2,371.760	-1,842	-2,892	-3,165	-3,193	-3,316
? Common Dividends Paid							-3,316
? Preferred Dividends Paid	0	0	0	0	0	0	0
? Net Cash Provided By Financing Activities	143,368.911	-18,599	218,291	430,101	232,838	361,578	24,931
? Effect Of Forex Changes On Cash	68,528.159	0	0	0	0	0	0
? Net Change In Cash	86,427.674	28,807	-30,328	199,049	-115,457	82,152	9,583
? Cash At End Of Period	86,427.674	115,235	84,907	283,956	168,499	250,651	260,234
? Cash At Beginning Of Period	0	86,428	115,235	84,907	283,956	168,499	250,651
? Operating Cash Flow	11,515.544	11,021	11,454	29,703	38,866	39,354	39,508
? Capital Expenditure	-494	-1,394	-6,648	-4,507	-2,600	-249	0
? Free Cash Flow	11,021.544	9,627	4,806	25,196	36,266	39,105	38,147
	USD	USD	USD	USD	USD	USD	USD

Analyst Estimates

(* All numbers are in thousands)

Fiscal Year	2021	2022	2023	2024	2025	2026
Estimated Revenue (Low)	61,287.996	75,145.861	85,652.878	98,000	109,600	117,400
Estimated Revenue (High)	62,412.003	75,544.608	86,747.121	98,100	110,300	119,600
Estimated Revenue (Avg)	61,850	75,345.235	86,200	98,050	109,950	118,500
Estimated Ebitda (Low)	19,600.252	9,995.401	11,392.974	13,035.306	14,578.261	15,615.765
Estimated Ebitda (High)	19,959.716	10,048.439	11,538.523	13,048.607	14,671.370	15,908.394
Estimated Ebitda (Avg)	19,779.984	10,021.920	11,465.749	13,041.957	14,624.815	15,762.079
Estimated Net Income (Low)	18,711.240	24,093.913	30,745.091	32,920.756	35,610.330	36,785.290
Estimated Net Income (High)	19,158.629	24,260.215	31,256.651	33,871.208	36,152.620	39,315.974
Estimated Net Income (Avg)	18,934.934	24,177.064	31,000.871	33,395.982	35,881.475	38,050.632
Estimated SGA Expense (Low)	19,160.094	26,376.238	30,064.207	34,398.053	38,469.660	41,207.464
Estimated SGA Expense (High)	19,511.486	26,516.198	30,448.287	34,433.153	38,715.360	41,979.665
Estimated SGA Expense (Avg)	19,335.790	26,446.218	30,256.247	34,415.603	38,592.510	41,593.565
Estimated EPS (Avg)	2.100	2.670	3.430	3.690	3.970	4.210
Estimated EPS (High)	2.120	2.680	3.460	3.750	4	4.350
Estimated EPS (Low)	2.070	2.670	3.400	3.640	3.940	4.070
Number of Analysts (Estimated Revenue)	1	1	1	2	2	2
Number of Analysts (Estimated EPS)	1	1	1	2	2	2

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Current Key Metrics

?	Revenue (TTM) :	176.894M	?	P/S (TTM) :	1.87
?	Net Income (TTM) :	34.868M	?	P/E (TTM) :	9.24
?	Enterprise Value (TTM) :	299.313M	?	EV/FCF (TTM) :	8.2
?	Dividend Yield (TTM) :	0.01	?	Payout Ratio (TTM) :	0.09
?	ROE (TTM) :	0.14	?	ROIC (TTM) :	0.09
?	Net Debt (TTM) :	104.825M	?	Debt/Equity (TTM) :	0.38
?	P/B (TTM) :	1.18	?	Current Ratio (TTM) :	0.12

Forward P/E Ratios

?

Forward P/E calculated based on:

Forward P/E 1Y	Forward P/E 2Y	Forward P/E 3Y	Forward P/E 4Y	Forward P/E 5Y
16.98	13.36	10.40	9.66	8.98

SWOT Analysis

No SWOT analysis available for this stock.

SSBK

0.9

4.14

4.44

11.19

5.42

38.54

81.99

Trading Metrics:

Open:	36.25	Previous Close:	35.66
Day Low:	35.86	Day High:	36.44
Year Low:	25.57	Year High:	39.16
Price Avg 50:	34.2	Price Avg 200:	33.18
Volume:	26715	Average Volume:	36480

SSBK

Southern States Bancshares, Inc.

About The Company

Revenue Segmentation

EPS

Earnings Call

Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Current Key Metrics

Forward P/E Ratios

SWOT Analysis

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