Southern States Bancshares Inc reports results for the quarter ended December 31 - Earnings Summary

Southern States Bancshares

21/01/2025 14:01

* Southern States Bancshares Inc  SSBK.OQ  reported
quarterly
adjusted earnings of $1.04​​ per share for the quarter ended
December 31, higher than the same quarter last year, when the
company reported EPS of 84 cents.  The mean expectation of
two analysts for the quarter was for earnings of $1.00 per
share. Wall Street expected results to range from 98 cents
to $1.02 per share.
    * Revenue rose 36.6% to $28.04 million from a year ago;
analysts
expected $26.95 million. 
    * Southern States Bancshares Inc's reported EPS for the
quarter
was $1.11​.
    * The company reported quarterly net income of $11.2
million.
    * Southern States Bancshares Inc shares had risen by 2.4%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Southern States
Bancshares Inc is $41.50 
This summary was machine generated from LSEG data January 21 at
02:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      1.00           1.04           Beat
 Sep. 30 2024      0.96           0.89           Missed
 Jun. 30 2024      0.89           1.00           Beat
 Mar. 31 2024      0.83           0.90           Beat