SSBK - Dividend announcements

First Quarter 2025 Performance and Operational Highlights Net income of $10.4 million, or $1.03 per diluted shareCore net income(1) of $10.3 million, or $1.03 per diluted share(1)Pretax pre-provision core net income(1) of $14.2 millionNet interest income of $24.9 million, a decrease of $171,000 from the prior quarterNet interest margin ("NIM") of 3.75%, up 9 basis points from the prior quarterReturn on average assets ("ROAA") of 1.48%; return on average stockholders' equity ("ROAE") of 14.67%; and return on average tangible common equity ("ROATCE")(1) of 17.19%Core ROAA(1) of 1.47%; and core ROATCE(1) of 17.16%Efficiency ratio of 46.42%Linked-quarter loans grew 6.1

ANNISTON, Ala., April 17, 2025 (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 12, 2025 to shareholders of record as of May 1, 2025. 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, w

ANNISTON, Ala., Jan. 15, 2025 (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 February 14, 2025 to shareholders of record as of February 3, 2025. 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 i

Third Quarter 2024 Performance and Operational Highlights Net income of $7.4 million, or $0.76 per diluted shareCore net income(1) of $8.7 million, or $0.89 per diluted share(1)Core pretax pre-provision net income(1) of $13.8 millionNet interest income of $24.2 million, an increase of $2.7 million from the prior quarterNet interest margin ("NIM") of 3.65%, up 9 basis points from the prior quarterNIM of 3.66% on a fully-taxable equivalent basis ("NIM - FTE")(1)Return on average assets ("ROAA") of 1.05%; return on average stockholders' equity ("ROAE") of 11.89%; and return on average tangible common equity ("ROATCE")(1) of 13.35%Core ROAA(1) of 1.24%; and core ROATCE(1) of 15.74%Efficiency ra

ANNISTON, Ala., Oct. 16, 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 November 15, 2024 to shareholders of record as of November 1, 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 insti

Second Quarter 2024 Performance and Operational Highlights Net income of $8.2 million, or $0.90 per diluted shareCore net income(1) of $9.1 million, or $1.00 per diluted share(1)Net interest income of $21.6 million, an increase of $740,000 from the prior quarterNet interest margin ("NIM") of 3.56%, down 3 basis points from the prior quarterNIM of 3.57% on a fully-taxable equivalent basis ("NIM - FTE")(1)Return on average assets ("ROAA") of 1.29%; return on average stockholders' equity ("ROAE") of 14.55%; and return on average tangible common equity ("ROATCE")(1) of 15.79%Core ROAA(1) of 1.43%; and core ROATCE(1) of 17.44%Efficiency ratio of 49.78%; and core efficiency ratio of 44.75%Linked-

ANNISTON, Ala., July 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 August 12, 2024 to shareholders of record as of July 31, 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 institut

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 return on average tangible common equity ("ROATCE")(1) of 16.17%Core ROAA(1) of 1.34%; and core ROATCE(1) of 16.19%Efficiency ratio of 46.90%Linked-quarter loan growth of 17.2% annualiz

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, whi

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 return on average tangible common equity ("ROATCE")(1) of 18.62%Core ROAA(1) of 1.26%; and core ROATCE(1) of 15.26%Efficiency ratio of 41.48%; and core efficiency ratio of 45.78%Linked-q

ANNISTON, Ala., Jan. 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 February 15, 2024 to shareholders of record as of February 2, 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 institu

Third Quarter 2023 Performance and Operational Highlights Core net income(1) of $9.6 million, or $1.06 per diluted share(1) Net income of $6.6 million, or $0.73 per diluted share Net interest income of $20.7 million, an increase of $1.3 million from the prior quarter Net interest margin ("NIM") of 3.78%, up 5 basis points from the prior quarter NIM of 3.79% on a fully-taxable equivalent basis ("NIM - FTE")(1) Return on average assets ("ROAA") of 1.15%; return on average stockholders' equity ("ROAE") of 12.96%; and return on average tangible common equity ("ROATCE")(1) of 14.21% Core ROAA(1) of 1.66%; and core ROATCE(1) of 20.50% Efficiency ratio of 48.01%; and core efficiency ratio o

ANNISTON, Ala., Oct. 19, 2023 (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 November 17, 2023 to shareholders of record as of November 3, 2023. 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 insti

Second Quarter 2023 Performance and Operational Highlights Net income of $8.8 million, or $0.98 per diluted shareCore net income(1) of $7.1 million, or $0.79 per diluted share(1)            Net interest income of $19.4 million, a decrease of $114,000 from the prior quarterNet interest margin ("NIM") of 3.73%, down 34 basis points from the prior quarterNIM of 3.74% on a fully-taxable equivalent basis ("NIM - FTE")(1) Return on average assets ("ROAA") of 1.60%; return on average stockholders' equity ("ROAE") of 18.15%; and return on average tangible common equity ("ROATCE")(1) of 20.01%Core ROAA(1) of 1.29%; and core ROATCE(1) of 16.13%Efficiency ratio of 51.00%Linked-quarter loan growth was

ANNISTON, Ala., July 20, 2023 (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 August 17, 2023 to shareholders of record as of August 3, 2023. 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

First Quarter 2023 Performance and Operational Highlights Net income of $7.7 million, or $0.85 per diluted shareCore net income(1) of $7.3 million, or $0.80 per diluted share(1)Net interest income of $19.5 million, a decrease of $1.3 million from the prior quarterNet interest margin ("NIM") of 4.07%, down 31 basis points from the prior quarterNIM of 4.09% on a fully-taxable equivalent basis ("NIM - FTE")(1)Return on average assets ("ROAA") of 1.51%; return on average stockholders' equity ("ROAE") of 16.67%; and return on average tangible common equity ("ROATCE")(1) of 18.45%Core ROAA(1) of 1.44%; and core ROATCE(1) of 17.51%Efficiency ratio of 48.79%Linked-quarter loan growth was 14.9% an

ANNISTON, Ala., April 20, 2023 (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, 2023 to shareholders of record as of May 3, 2023. 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, whi

Fourth Quarter 2022 Performance and Operational Highlights Net income of $10.6 million, or $1.18 per diluted shareCore net income(1) of $8.1 million, or $0.90 per diluted share(1)Net interest income of $20.9 million, an increase of $1.4 million from the prior quarterNet interest margin ("NIM") of 4.38%, up 23 basis points from the prior quarterNIM of 4.39% on a fully-taxable equivalent basis ("NIM - FTE")(1)Return on average assets ("ROAA") of 2.11%; return on average stockholders' equity ("ROAE") of 23.77%; and return on average tangible common equity ("ROATCE")(1) of 26.49%Core ROAA(1) of 1.61%; and core ROATCE(1) of 20.21%Efficiency ratio of 40.81%, an improvement from 48.94% for the pri

ANNISTON, Ala., Jan. 19, 2023 (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 February 16, 2023 to shareholders of record as of February 3, 2023. 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 institu

Third Quarter 2022 Highlights Linked-quarter loan growth was 26.3% annualizedNet income of $6.7 million, or $0.75 per diluted shareCore net income(1) of $6.8 million, or $0.77 per diluted share(1)Net interest margin ("NIM") of 4.15%, up 31 basis points from the prior quarterNIM of 4.17% on a fully-taxable equivalent basis(1)Return on average assets ("ROAA") of 1.35%; return on average stockholders' equity ("ROAE") of 15.42%; and return on average tangible common equity ("ROATCE")(1) of 17.24%Core ROAA(1) of 1.37%; and core ROATCE(1) of 17.51%Efficiency ratio of 48.94%, an improvement from 54.19% for the prior quarter (1) See "Reconciliation of Non-GAAP Financial Measure

ANNISTON, Ala., Oct. 19, 2022 (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 November 16, 2022 to shareholders of record as of November 3, 2022. 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 institu

Second Quarter 2022 Highlights Linked-quarter loan growth was 36.8% annualizedNet income of $5.2 million, or $0.59 per diluted shareCore net income(1) of $5.3 million, or $0.59 per diluted share(1)Net interest margin ("NIM") of 3.84%, up 31 basis points from the prior quarterNIM of 3.86% on a fully-taxable equivalent basis(1)Return on average assets ("ROAA") of 1.15%; return on average stockholders' equity ("ROAE") of 12.32%; and return on average tangible common equity ("ROATCE")(1) of 13.80%Core ROAA(1) of 1.16%; and core ROATCE(1) of 13.89% (1) See "Reconciliation of Non-GAAP Financial Measures" below for reconciliation of non-GAAP financial measures to their most closely co

ANNISTON, Ala., July 20, 2022 (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 August 17, 2022 to shareholders of record as of August 4, 2022. 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

ANNISTON, Ala., June 22, 2022 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ:SSBK) ("Southern States" or the "Company") announced today that it has extended its registered exchange offer to exchange up to $48,000,000 aggregate principal amount of 3.50% Fixed-to-Floating Rate Subordinated Notes due 2032 that have been registered under the Securities Act of 1933, as amended, for any and all outstanding unregistered 3.50% Fixed-to-Floating Rate Subordinated Notes due 2032, which were issued in a private placement on February 7, 2022. The exchange offer, which had been scheduled to expire at 5:00 p.m., New York City time, on June 23, 2022, will now expire at 5:00 p.m., New York

First Quarter 2022 Highlights Linked-quarter loan growth was 19.4% annualizedNet income of $4.6 million, or $0.50 per diluted shareCore net income(1) of $4.8 million, or $0.53 per diluted share(1)Return on average assets ("ROAA") of 1.03%; return on average stockholders' equity ("ROAE") of 10.43%; and return on average tangible common equity ("ROATCE")(1) of 11.63%Core ROAA(1) of 1.09%; and core ROATCE(1) of 12.31%Implemented a stock repurchase program that authorized the purchase of up to $10.0 million of our common stock, of which approximately 287,000 shares were purchased at a weighted average price of $21.35Completed a $48.0 million subordinated debt offering at a five-year ann

ANNISTON, Ala., April 20, 2022 (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, 2022 to shareholders of record as of May 4, 2022. 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, whi

ANNISTON, Ala., Jan. 19, 2022 (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 February 15, 2022 to shareholders of record as of February 3, 2022. 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 institu

ANNISTON, Ala., Oct. 20, 2021 (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 November 15, 2021 to shareholders of record as of November 3, 2021. "Our strong and consistent financial performance enables us to announce a quarterly cash dividend while maintaining sufficient capital to support our strong organic growth trends," said Stephen Whatley, Chairman and Chief Executive Officer of Southern States. "We view