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

Southern States Bancshares

23/10/2023 14:01

* Southern States Bancshares Inc  SSBK.OQ  reported
quarterly
adjusted earnings of 73 cents​​ per share for the quarter ended
in September. The lone analyst forecast for the quarter was
for earnings of 74 cents per share.
    * Revenue fell 14.1% to $17.84 million from a year ago;
analysts
expected $20.30 million. 
    * Southern States Bancshares Inc's reported EPS for the
quarter
was 73 cents​.
    * 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. 
    * Southern States Bancshares Inc shares had fallen by 1.5%
this
quarter and lost 23.1% so far this year.
    * The company reported quarterly net income of $6.6 million.
    * Wall Street's median 12-month price target for Southern
States
Bancshares Inc is $28.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 23 at 01:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.82           1.18           Beat