Southern States Bancshares Reports Strong Q1 2025 Earnings

Southern States Bancshares ( (SSBK) ) has issued an update.

Southern States Bancshares reported a net income of $10.4 million for the first quarter of 2025, with a diluted earnings per share of $1.03. Despite a slight decrease in net interest income from the previous quarter, the company saw a 19.4% increase compared to the first quarter of 2024, driven by organic growth and the acquisition of Century Bank. The net interest margin improved to 3.75%, reflecting cost savings and a reduction in earning assets. The company is set to merge with FB Financial Corporation, enhancing its capabilities and expanding its geographical reach, while maintaining its commitment to customer-centric banking.

Spark’s Take on SSBK Stock

According to Spark, TipRanks’ AI Analyst, SSBK is a Outperform.

Southern States Bancshares is showing strength in revenue growth and strategic corporate actions such as the Century Bank acquisition, which support future expansion and profitability. However, challenges in cash flow management and technical indicators pointing to potential downward momentum present near-term risks. The stock’s undervaluation and recent corporate achievements provide a solid investment case, though attention to operational efficiencies is necessary for sustained performance.

To see Spark’s full report on SSBK stock, click here.

More about Southern States Bancshares

Southern States Bancshares, Inc. is the holding company for Southern States Bank, an Alabama state-chartered commercial bank. The company operates in the financial services industry, focusing on providing banking services to communities in the Southern United States, including Alabama, Georgia, Tennessee, and Kentucky.

YTD Price Performance: -6.47%

Average Trading Volume: 29,368

Technical Sentiment Signal: Sell

Current Market Cap: $308.3M

For detailed information about SSBK stock, go to TipRanks’ Stock Analysis page.