SSBK SOUTHERN STATES BANCSHARES INC

Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 Per Share

Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 Per Share

ANNISTON, Ala., April 17, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the “Bank”), today announced that its Board of Directors has declared a cash dividend on its common stock of $0.09 per share. The dividend is payable on May 16, 2024 to shareholders of record as of May 3, 2024.

About Southern States Bancshares, Inc.

Headquartered in Anniston, Alabama, Southern States Bancshares, Inc. is a bank holding company that operates primarily through its wholly-owned subsidiary, Southern States Bank. The Bank is a full-service community banking institution, which offers an array of deposit, loan and other banking-related products and services to businesses and individuals in its communities. The Bank operates 13 branches in Alabama and Georgia and two loan production offices in Atlanta.

Contact Information:

Lynn Joyce

(205) 820-8065

Kevin Dobbs

(310) 622-8245



EN
17/04/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on SOUTHERN STATES BANCSHARES INC

 PRESS RELEASE

Southern States Bancshares, Inc. Announces First Quarter 2024 Financia...

Southern States Bancshares, Inc. Announces First Quarter 2024 Financial Results First Quarter 2024 Performance and Operational Highlights Net income of $8.1 million, or $0.90 per diluted shareCore net income(1) of $8.1 million, or $0.90 per diluted share(1)Net interest income of $20.8 million, an increase of $435,000 from the prior quarterNet interest margin (“NIM”) of 3.59%, down 10 basis points from the prior quarterNIM of 3.60% on a fully-taxable equivalent basis (“NIM - FTE”)(1)Return on average assets (“ROAA”) of 1.33%; return on average stockholders’ equity (“ROAE”) of 14.87%; and re...

 PRESS RELEASE

Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of ...

Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 Per Share ANNISTON, Ala., April 17, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the “Bank”), today announced that its Board of Directors has declared a cash dividend on its common stock of $0.09 per share. The dividend is payable on May 16, 2024 to shareholders of record as of May 3, 2024. About Southern States Bancshares, Inc.Headquartered in Anniston, Alabama, Southern Stat...

 PRESS RELEASE

Southern States Bancshares Announces Retirement of COO Jack Swift

Southern States Bancshares Announces Retirement of COO Jack Swift ANNISTON, Ala., March 21, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States” or the “Company”), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the “Bank”), today announced the retirement of Chief Operating Officer Jack Swift, effective May 31, 2024. Swift’s retirement culminates 18 years of service at Southern States, during which he served five years as Senior Executive Vice President and COO. “On behalf of our Board of Directors and all ...

 PRESS RELEASE

Southern States Bancshares to Enhance Georgia Franchise With Acquisiti...

Southern States Bancshares to Enhance Georgia Franchise With Acquisition of CBB Bancorp ANNISTON, Ala. and CARTERSVILLE, Ga., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”), the holding company for Southern States Bank, and CBB Bancorp (“CBB Bancorp”), the holding company for Century Bank of Georgia (“Century Bank”), announced today the signing of a definitive merger agreement under which Southern States would acquire CBB Bancorp. Upon completion, Southern States expects to merge CBB Bancorp with and into Southern States, with Souther...

 PRESS RELEASE

Southern States Bancshares, Inc. Announces Fourth Quarter 2023 Financi...

Southern States Bancshares, Inc. Announces Fourth Quarter 2023 Financial Results Fourth Quarter 2023 Performance and Operational Highlights Core net income(1) of $7.3 million, or $0.81 per diluted share(1)Net income of $8.9 million, or $0.99 per diluted shareNet interest income of $20.4 million, a decrease of $327,000 from the prior quarterNet interest margin (“NIM”) of 3.69%, down 9 basis points from the prior quarterNIM of 3.71% on a fully-taxable equivalent basis (“NIM - FTE”)(1)Return on average assets (“ROAA”) of 1.53%; return on average stockholders’ equity (“ROAE”) of 17.02%; and re...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch