Southern States Bancshares, Inc.

NasdaqGS SSBK

Southern States Bancshares, Inc. Return on Assets (ROA) for the Trailing 12 Months (TTM) ending September 30, 2024: 1.26%

Southern States Bancshares, Inc. Return on Assets (ROA) is 1.26% for the Trailing 12 Months (TTM) ending September 30, 2024, a -18.31% change year over year. Return on assets measures profitability against assets; higher ROA indicates efficient asset use and profitability.

Southern States Bancshares, Inc. Return on Assets (ROA) for the Trailing 12 Months (TTM) ending September 30, 2023 was 1.54%.
Southern States Bancshares, Inc. Return on Assets (ROA) for the Trailing 12 Months (TTM) ending September 30, 2021 was 1.22%.

Key data

Date	Return on Assets (ROA)	Return on Equity (ROE)	Return on Capital Employed (ROCE)	Interest Coverage Ratio

NasdaqGS: SSBK

Southern States Bancshares, Inc.

CEO	Mr. Mark A. Chambers
IPO Date	Aug. 12, 2021
Location	United States
Headquarters	615 Quintard Avenue
Employees	181
Sector	Finance
Industries Banking & Lending

Description

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.

Key trends

Past 5 years