Southern States Bancshares (SSBK) AI Stock Analysis

• Market Cap: $361.07M
• Dividend Yield: 0.99%
• Average Volume (3M): 29.37K
• Price to Earnings (P/E): 9.6
• Beta (1Y): 0.62
• Revenue Growth: 17.09%
• EPS Growth: 4.95%
• Country: US
• Employees: 206
• Sector: Financial
• Sector Strength: 78
• Industry: Banks - Regional
• EPS (TTM): 1.03
• Shares Outstanding: 9,928,000
• 10 Day Avg. Volume: 44,166
• 30 Day Avg. Volume: 29,370
• PEG Ratio: 2.71
• Price to Book (P/B): 1.19
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 9.38
• 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: $42.00
• Price Target Upside: 15.48% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 72 Outperform
• Price Target: $38.00 ▲(4.48%Upside)

The overall stock score for Southern States Bancshares is driven primarily by its strong financial performance, characterized by robust growth and a solid balance sheet. The technical analysis presents a neutral outlook, lacking clear momentum signals. Valuation metrics suggest the stock is potentially undervalued, enhancing its attractiveness. The absence of earnings call details limits the assessment of management guidance and sentiment.

Southern States Bancshares Business Overview & Revenue Model

Company Description

Southern States Bancshares, Inc. (SSBK) is a financial holding company headquartered in Anniston, Alabama. It primarily operates through its subsidiary, Southern States Bank, which serves as a full-service community bank. The bank offers a broad range of financial services to individuals, businesses, and public entities, including deposit accounts, personal and commercial loans, mortgage products, and other traditional banking services. Southern States Bancshares focuses on providing personalized banking solutions tailored to meet the needs of its local communities across Alabama and Georgia.

How the Company Makes Money

Southern States Bancshares generates revenue primarily through interest income derived from its lending activities. The company issues various types of loans, including commercial real estate loans, residential mortgage loans, and consumer loans, earning interest on the principal amounts. Additionally, Southern States Bancshares earns non-interest income from service charges on deposit accounts, fees for facilitating transactions, and other banking services. The bank's ability to attract deposits at competitive interest rates and manage its interest margin is crucial to its profitability. Strategic partnerships with local businesses and a focus on relationship banking further enhance its revenue streams by fostering customer loyalty and expanding its client base.

Southern States Bancshares Financial Statement Overview

Summary

SSBK has shown strong revenue growth and solid profitability margins, supported by a robust equity position and minimal reliance on debt. However, the recent drop in EBIT margin and challenges in generating operating cash flow in 2024 pose risks. The company's financial health is generally strong, but attention to cash flow management and operational efficiency is crucial.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	141.24M	99.10M	82.90M	80.02M	63.72M	50.12M
Gross Profit	89.56M	99.10M	82.90M	71.28M	55.67M	50.12M
EBITDA	34.03M	0.00	3.40M	1.66M	2.97M	16.59M
Net Income	37.10M	34.87M	31.95M	27.07M	18.57M	12.11M
Balance Sheet
Total Assets	2.13B	2.85B	2.45B	2.04B	1.78B	1.33B
Cash, Cash Equivalents and Short-Term Investments	280.34M	224.19M	250.65M	261.00M	342.11M	188.73M
Total Debt	131.37M	131.22M	183.67M	117.30M	38.45M	43.37M
Total Liabilities	1.94B	2.57B	2.23B	1.86B	1.61B	1.19B
Stockholders Equity	189.66M	279.89M	214.96M	181.72M	177.20M	140.66M
Cash Flow
Free Cash Flow	36.49M	38.15M	39.10M	36.27M	25.20M	4.81M
Operating Cash Flow	37.74M	39.46M	39.35M	38.87M	29.70M	11.45M
Investing Cash Flow	-9.84M	-54.86M	-318.78M	-387.16M	-260.75M	-260.07M
Financing Cash Flow	-35.66M	24.93M	361.58M	232.84M	430.10M	218.29M

Southern States Bancshares Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 36.37
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SSBK, the sentiment is Positive. The current price of 36.37 is above the 20-day moving average (MA) of 35.26, above the 50-day MA of 34.95, and above the 200-day MA of 33.35, indicating a bullish trend. The MACD of 0.49 indicates Negative momentum. The RSI at 61.75 is Neutral, neither overbought nor oversold. The STOCH value of 83.77 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SSBK.

Southern States Bancshares Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FRBA	79 Outperform	$390.59M	10.05	9.81%	1.54%	18.63%	37.17%
CWBC	76 Outperform	$389.80M	14.74	7.23%	2.93%	48.19%	36.25%
CARE	72 Outperform	$420.80M	15.16	7.20%	―	13.73%	111.06%
SSBK	72 Outperform	$361.07M	9.58	14.46%	0.99%	17.09%	4.95%
WTBA	72 Outperform	$332.03M	12.75	11.30%	6.37%	12.93%	17.25%
BMRC	66 Neutral	$403.78M	―	-1.47%	5.02%	-15.92%	-147.11%
Sector *	64 Neutral	$6.61B	10.24	7.22%	5.15%	24.10%	5.12%

Southern States Bancshares Corporate Events

Southern States Bancshares Merges with FB Financial

On July 1, 2025, Southern States Bancshares, Inc. merged with FB Financial Corporation, resulting in FB Financial as the surviving corporation. This merger also led to Southern States Bank merging into FirstBank, with FirstBank as the surviving bank. As a result of the merger, Southern States’ stock was delisted from Nasdaq, and its reporting obligations were suspended. The merger was approved by Southern States’ shareholders on June 26, 2025, and involved changes to the board of directors and corporate governance.

The most recent analyst rating on (SSBK) stock is a Hold with a $42.00 price target. To see the full list of analyst forecasts on Southern States Bancshares stock, see the SSBK Stock Forecast page.

Southern States Bancshares Reports Strong Q1 2025 Earnings

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.