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

Southern States Bancshares

22/01/2024 14:38

* Southern States Bancshares Inc  SSBK.OQ  reported
quarterly
adjusted earnings of 84 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of $1.18.  The lone analyst forecast for
the quarter was for earnings of 87 cents per share. 
    * Revenue fell 19.4% to $20.53 million from a year ago;
analysts
expected $21.40 million. 
    * Southern States Bancshares Inc's reported EPS for the
quarter
was 99 cents​.
    * The company reported quarterly net income of $8.9 million.
    * Southern States Bancshares Inc shares had fallen by 6.3%
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Southern States
Bancshares Inc is $30.00 
This summary was machine generated from LSEG data January 22 at
02:37 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 2023      0.87           0.84           Missed
 Sep. 30 2023      0.74           0.73           Missed
 Jun. 30 2023      0.59           0.98           Beat
 Mar. 31 2023      0.75           0.85           Beat