GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southern States Bancshares Inc (NAS:SSBK) » Definitions » Gross-Profit-to-Asset %

Southern States Bancshares (Southern States Bancshares) Gross-Profit-to-Asset % : 3.97% (As of Dec. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Southern States Bancshares Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Southern States Bancshares's annualized Gross Profit for the quarter that ended in Dec. 2023 was $94.09 Mil. Southern States Bancshares's average Total Assets over the quarter that ended in Dec. 2023 was $2,371.60 Mil. Therefore, Southern States Bancshares's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 3.97%.


Southern States Bancshares Gross-Profit-to-Asset % Historical Data

The historical data trend for Southern States Bancshares's Gross-Profit-to-Asset % 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.

* Premium members only.

Southern States Bancshares Gross-Profit-to-Asset % Chart

Southern States Bancshares Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
3.79 4.13 4.09 4.18 3.96

Southern States Bancshares Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.08 4.77 3.12 3.97 3.57

Competitive Comparison of Southern States Bancshares's Gross-Profit-to-Asset %

For the Banks - Regional subindustry, Southern States Bancshares's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Southern States Bancshares's Gross-Profit-to-Asset % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Southern States Bancshares's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Southern States Bancshares's Gross-Profit-to-Asset % falls into.



Southern States Bancshares Gross-Profit-to-Asset % Calculation

Southern States Bancshares's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=88.986/( (2045.204+2446.663)/ 2 )
=88.986/2245.9335
=3.96 %

Southern States Bancshares's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=94.088/( (2296.527+2446.663)/ 2 )
=94.088/2371.595
=3.97 %

* 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.

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


Southern States Bancshares Gross-Profit-to-Asset % Related Terms

Thank you for viewing the detailed overview of Southern States Bancshares's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.


Southern States Bancshares (Southern States Bancshares) Business Description

Traded in Other Exchanges
N/A
Address
615 Quintard Avenue, Anniston, AL, USA, 36201
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

Southern States Bancshares (Southern States Bancshares) Headlines