Southern States Bancshares (Southern States Bancshares) Net Interest Income (for Banks)

: $80.11 Mil (As of Dec. 2023)

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Net interest income is the income earned by banks from the fund they have on their balance sheet. Southern States Bancshares's net interest income for the three months ended in Dec. 2023 was $20.40 Mil. Its net interest income for the trailing twelve months (TTM) ended in Dec. 2023 was $80.11 Mil.

Southern States Bancshares's quarterly net interest income increased from Jun. 2023 ($19.43 Mil) to Sep. 2023 ($20.73 Mil) but then declined from Sep. 2023 ($20.73 Mil) to Dec. 2023 ($20.40 Mil).

Southern States Bancshares's annual net interest income increased from Dec. 2021 ($52.91 Mil) to Dec. 2022 ($71.34 Mil) and increased from Dec. 2022 ($71.34 Mil) to Dec. 2023 ($80.11 Mil).

Southern States Bancshares Net Interest Income (for Banks) Historical Data

The historical data trend for Southern States Bancshares's Net Interest Income (for Banks) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Southern States Bancshares Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Net Interest Income (for Banks)

34.85

41.58

52.91

71.34

80.11

Southern States Bancshares Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Net Interest Income (for Banks)	Get a 7-Day Free Trial												20.88	19.55	19.43	20.73	20.40

Southern States Bancshares Net Interest Income (for Banks) Calculation

Income earned by banks from the fund they have on their balance sheet. These funds can be from customers' deposit, bank's own equity or borrowed.

Net Interest Income (for Banks) for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $80.11 Mil.

Southern States Bancshares (Southern States Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southern States Bancshares Inc (NAS:SSBK) » Definitions » Net Interest Income (for Banks)

Comparable Companies

Traded in Other Exchanges

N/A

Address

615 Quintard Avenue, Anniston, AL, USA, 36201

Website

https://www.southernstatesbank.net

Southern States Bancshares Inc 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 communities.

Executives

Jonathan Hinton	director	615 QUINTARD AVENUE, ANNISTON AL 36201
Christine Hunsaker	director	1333 S CLEARVIEW PARKWAY, JEFFERSON LA 70121
Cynthia S. Mccarty	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Lynn J Joyce	officer: Chief Financial Officer	1630 4TH AVE NORTH, BESSEMER AL 35020
Daniel Andrew Cummings	director	615 QUINTARD AVENUE, ANNISTON AL 36201
Gregory B. Smith	officer: Chief Risk Officer	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Brent O. Hitson	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Smith J. Henry Iv	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Turner Henry A. Jr.	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Brian Stacey Holmes	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Hayes Alfred J. Jr.	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Lewis C. Beavers	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Jimmy A. Lafoy	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Robert T. Davie	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Stephen W. Whatley	director, officer: Chief Executive Officer	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223