Southern States Bancshares (NAS:SSBK) Pretax Margin %

: 51.45% (As of Dec. 2022)

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Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Southern States Bancshares's Pre-Tax Income for the three months ended in Dec. 2022 was $13.11 Mil. Southern States Bancshares's Revenue for the three months ended in Dec. 2022 was $25.49 Mil. Therefore, Southern States Bancshares's pretax margin for the quarter that ended in Dec. 2022 was 51.45%.

The historical rank and industry rank for Southern States Bancshares's Pretax Margin % or its related term are showing as below:

SSBK' s Pretax Margin % Range Over the Past 10 Years
Min: 19.46 Med: 33.67 Max: 43.49
Current: 43.49

SSBK's Pretax Margin % is ranked better than
72.25% of 1434 companies
in the Banks industry
Industry Median: 35.34 vs SSBK: 43.49

Southern States Bancshares Pretax Margin % Historical Data

The historical data trend for Southern States Bancshares's Pretax Margin % 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 Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Pretax Margin %

19.46

29.20

38.14

43.49

Southern States Bancshares Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Pretax Margin %									34.73	37.51	38.34	42.72	51.45

Southern States Bancshares Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Southern States Bancshares's Pretax Margin for the fiscal year that ended in Dec. 2022 is calculated as

Pretax Margin	=	Pre-Tax Income (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	34.796	/	80.015
	=	43.49 %

Southern States Bancshares's Pretax Margin for the quarter that ended in Dec. 2022 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	13.113	/	25.487
	=	51.45 %

Southern States Bancshares (NAS:SSBK) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.

Southern States Bancshares Pretax Margin % Related Terms

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Southern States Bancshares (NAS:SSBK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southern States Bancshares Inc (NAS:SSBK) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

6U2:Germany

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 our communities.

Executives

James J Lynch	director	PATRIOT FINANCIAL PARTNERS, LP, 2929 ARCH STREET, 27TH FLOOR, PHILADELPHIA PA 19104
Lynn J Joyce	officer: Chief Financial Officer	1630 4TH AVE NORTH, BESSEMER AL 35020
Jay F. Pumroy	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
James Walker Swift	officer: Chief Operating Officer	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Brian Stacey Holmes	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Turner Henry A. Jr.	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Gregory B. Smith	officer: Chief Risk Officer	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Cynthia S. Mccarty	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Brent O. Hitson	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
Smith J. Henry Iv	director	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223
Stephen W. Whatley	director, officer: Chief Executive Officer	7 OFFICE PARK CIRCLE, BIRMINGHAM AL 35223