Mon, May 5, 6:45 PM (13 days ago)
**Southern States Bancshares, Inc. (SSBK) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $43.2 million (up 10.7% YoY) - **Net Income:** $10.4 million (up 27.5% YoY) - **Earnings per Share (EPS):** $1.04 (up 14.3% YoY) - **Return on Assets (ROA):** 1.48% (up from 1.33% YoY) - **Return on Equity (ROE):** 14.67% (up from 14.87% YoY) **Profit Margins:** - **Net Interest Margin:** 3.75% (up from 3.59% YoY) - **Efficiency Ratio:** 62.3% (down from 64.5% YoY) **Cash Flow:** - **Operating Cash Flow:** $9.6 million (down 16.5% YoY) - **Investing Cash Flow:** -$34.2 million (up 1.6% YoY) - **Financing Cash Flow:** -$6.3 million (down 88.5% YoY) **Earnings Changes:** - **Net Interest Income:** $24.9 million (up 19.4% YoY) - **Noninterest Income:** $1.7 million (up 30.4% YoY) - **Noninterest Expense:** $12.3 million (up 18.6% YoY) **Quarterly Performance & Trends:** - **Loan Growth:** 1.5% QoQ, 6.1% annualized - **Deposit Growth:** 0.6% QoQ, 2.4% annualized - **Asset Growth:** 0.1% QoQ - **Capital Ratios:** All above regulatory minimums **Uncertainties & Future Operations Impact:** - **Interest Rate Sensitivity:** Moderate - **Credit Quality:** Stable - **Economic Outlook:** Cautiously optimistic - **Strategic Initiatives:** Continued focus on organic growth, cost management, and digital transformation **Conclusion:** Southern States Bancshares, Inc. (SSBK) delivered a strong Q1 2025, with robust revenue growth, improved profitability, and solid asset quality. The bank's strategic initiatives and prudent risk management position it well for continued success in a competitive and uncertain economic environment. However, the bank remains vigilant to potential challenges, including interest rate volatility and economic headwinds.