Southern States Bancshares (SSBK) AI Stock Analysis

• Market Cap: $324.85M
• Dividend Yield: 1.1%
• Average Volume (3M): 27.32K
• Price to Earnings (P/E): 8.9
• Beta (1Y): 0.66
• Revenue Growth: 21.46%
• EPS Growth: 2.49%
• Country: US
• Employees: 206
• Sector: Financial
• Sector Strength: 85
• Industry: Banks - Regional
• EPS (TTM): 3.67
• Shares Outstanding: 9,922,180
• 10 Day Avg. Volume: 54,521
• 30 Day Avg. Volume: 27,320
• PEG Ratio: 3.59
• Price to Book (P/B): N/A
• Price to Sales (P/S): 3.43
• Price to Cash Flow (P/CF): 7.40
• P/FCF Ratio: 1.70
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $43.00
• Price Target Upside: 35.18% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Southern States Bancshares exhibits a solid financial foundation with strong revenue growth and a robust equity position. Despite some operational challenges, the company's undervalued stock and recent strategic acquisition present a positive outlook. The technical indicators suggest strong momentum, though caution is advised due to potential overbought conditions.

Southern States Bancshares Business Overview & Revenue Model

Company Description

Southern States Bancshares, Inc. (SSBK) is a financial holding company that operates primarily through its subsidiary, Southern States Bank. The company is headquartered in Anniston, Alabama and provides a range of community banking services across the Southeastern United States. Southern States Bancshares focuses on delivering personalized financial solutions, hosting a suite of products including commercial and consumer loans, deposit accounts, and treasury management services. The institution caters to individuals, businesses, and municipalities, with a strong emphasis on building lasting customer relationships.

How the Company Makes Money

Southern States Bancshares generates revenue primarily through interest income and fee-based services. Interest income is derived from the bank's loan portfolio, which includes commercial real estate loans, construction and land development loans, residential real estate loans, and consumer loans. The company also earns interest from its investment securities portfolio. Fee-based income is generated from a variety of services such as deposit account maintenance fees, transaction fees, and treasury management services. Additionally, Southern States Bancshares may engage in strategic partnerships and community initiatives to enhance its market presence and drive further financial growth.

Southern States Bancshares Financial Statement Overview

Summary

Southern States Bancshares demonstrates strong revenue growth and profitability, with a robust equity position and no reliance on debt. However, a recent drop in EBIT margin and cash flow management issues in 2024 present risks that require attention.

Income Statement

The company has shown consistent revenue growth over the years, with a notable increase from $50.1M in 2020 to $169.8M in 2024. The gross profit margin remains strong at 100% due to the nature of its operations. However, the EBIT and EBITDA margins have been volatile, with a significant drop in EBIT margin from 62.6% in 2023 to 2.0% in 2024, indicating potential operational challenges. Net profit margin remains solid at 20.5% in 2024.

Balance Sheet

The balance sheet reflects a strong equity base with a debt-to-equity ratio of 0 as of 2024, indicating no reliance on debt. Return on equity has improved significantly, reaching 12.5% in 2024, showcasing effective utilization of equity. The equity ratio stands at 9.8% in 2024, down from previous years, suggesting increased leverage through liabilities but still within a manageable range.

Cash Flow

Cash flow from operations has shown fluctuations, with operating cash flow dropping to zero in 2024. Despite this, the company has maintained a positive free cash flow historically. The free cash flow growth rate is unavailable due to zero values in 2024, and the operating cash flow to net income ratio cannot be calculated, indicating potential cash flow management issues.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
99.10M	82.90M	80.02M	63.72M	50.12M
	Gross Profit
169.78M	82.90M	71.28M	55.67M	50.12M
	EBIT
3.32M	51.93M	46.31M	24.30M	14.63M
	EBITDA
0.00	3.40M	1.66M	2.97M	16.59M
	Net Income Common Stockholders
34.87M	31.95M	27.07M	18.57M	12.11M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
224.19M	250.65M	261.00M	342.11M	188.73M
	Total Assets
2.85B	2.45B	2.04B	1.78B	1.33B
	Total Debt
131.22M	183.67M	117.30M	38.45M	43.37M
	Net Debt
-27.32M	29.12M	11.84M	-171.49M	-31.36M
	Total Liabilities
2.57B	2.23B	1.86B	1.61B	1.19B
	Stockholders Equity
279.89M	214.96M	181.72M	177.20M	140.66M
Cash Flow		Free Cash Flow
38.15M	39.10M	36.27M	25.20M	4.81M
	Operating Cash Flow
39.51M	39.35M	38.87M	29.70M	11.45M
	Investing Cash Flow
-54.86M	-318.78M	-387.16M	-260.75M	-260.07M
	Financing Cash Flow
24.93M	361.58M	232.84M	430.10M	218.29M

Southern States Bancshares Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 31.81
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SSBK, the sentiment is Negative. The current price of 31.81 is below the 20-day moving average (MA) of 32.72, below the 50-day MA of 32.66, and above the 200-day MA of 31.79, indicating a neutral trend. The MACD of 0.51 indicates Negative momentum. The RSI at 71.42 is Negative, neither overbought nor oversold. The STOCH value of 74.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SSBK.

Southern States Bancshares Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SSBK	76 Outperform	$324.85M	8.93	14.09%	1.10%	21.46%	2.49%
CUBI	75 Outperform	$1.43B	8.55	10.44%	―	-3.61%	-29.58%
FGBI	74 Outperform	$98.54M	9.74	4.93%	3.30%	20.11%	29.00%
SBSI	73 Outperform	$829.56M	9.36	11.16%	5.28%	15.33%	3.68%
SFBS	70 Neutral	$4.04B	17.79	14.87%	1.67%	16.28%	9.61%
BHLB	68 Neutral	$1.12B	17.00	5.60%	2.97%	4.29%	-9.78%
Sector *	63 Neutral	$14.39B	9.81	8.95%	4.37%	16.38%	-11.64%

Southern States Bancshares Corporate Events

Southern States Bancshares Announces Merger with FB Financial

On March 31, 2025, Southern States Bancshares and FB Financial Corporation announced a definitive merger agreement where Southern States will merge into FB Financial. This merger aligns with FB Financial’s growth strategy in Alabama and Georgia, enhancing its market presence in key areas such as Atlanta and Birmingham. Southern States shareholders will receive 0.800 shares of FB Financial common stock per Southern States share, valuing the transaction at approximately $381 million. The merger, expected to close by late 2025, is subject to regulatory and shareholder approvals.

Southern States Bancshares Achieves Record Q4 Net Income

In the fourth quarter of 2024, Southern States Bancshares, Inc. reported a record net income of $11.2 million, marking a significant increase from both the previous quarter and the same period in 2023. The company attributes its strong financial performance to effective management of net interest margins and operational efficiencies, as well as strategic growth through the acquisition of Century Bank, which bolstered its presence in the Atlanta metro market. This expansion is expected to support sustainable growth and enhance shareholder returns as the company maintains a focus on credit quality and capital strength.