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Southern States Bancshares (SSBK) Revenue & Revenue Breakdown

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Southern States Bancshares Revenue Highlights

Latest Revenue (Y)

$141.25M

Latest Revenue (Q)

$40.00M

Southern States Bancshares Revenue by Period

Southern States Bancshares Revenue by Year

DateRevenueChange
2023-12-31$141.25M76.52%
2022-12-31$80.02M25.58%
2021-12-31$63.72M27.13%
2020-12-31$50.12M20.59%
2019-12-31$41.56M34.35%
2018-12-31$30.93M-

Southern States Bancshares generated $141.25M in revenue during NA 2023, up 76.52% compared to the previous quarter, and up 456.61% compared to the same period a year ago.

Southern States Bancshares Revenue by Quarter

DateRevenueChange
2024-03-31$40.00M1.82%
2023-12-31$39.29M120.27%
2023-09-30$17.84M-32.16%
2023-06-30$26.29M23.26%
2023-03-31$21.33M-16.30%
2022-12-31$25.49M22.69%
2022-09-30$20.77M16.91%
2022-06-30$17.77M11.15%
2022-03-31$15.99M0.88%
2021-12-31$15.85M-1.87%
2021-09-30$16.15M8.11%
2021-06-30$14.94M-10.98%
2021-03-31$16.78M30.33%
2020-12-31$12.88M-4.15%
2020-09-30$13.43M15.54%
2020-06-30$11.63M-4.58%
2020-03-31$12.18M-

Southern States Bancshares generated $40.00M in revenue during Q1 2024, up 1.82% compared to the previous quarter, and up 156.96% compared to the same period a year ago.

Southern States Bancshares Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
FSBWFS Bancorp$187.78M$47.04M
SSBKSouthern States Bancshares$141.25M$40.00M
CHMGChemung Financial$137.52M$21.28M
OBTOrange County Bancorp$131.19M$35.61M
BSVNBank7$130.79M$37.16M
MNSBMainStreet Bancshares$127.76M$34.48M
COFSChoiceOne Financial Services$114.13M$36.28M
ESSAESSA Bancorp$111.57M$27.78M
FNWBFirst Northwest Bancorp$104.92M$28.21M
OVLYOak Valley Bancorp$87.34M$19.50M
FFNWFirst Financial Northwest$80.93M$20.09M
FCAPFirst Capital$51.24M$15.02M
HFBLHome Federal Bancorp, Inc. of Louisiana$33.45M$8.04M
FCCOFirst Community$10.42M$26.72M

SSBK Revenue FAQ

What is Southern States Bancshares’s yearly revenue?

Southern States Bancshares's yearly revenue for 2023 was $141.24M, representing an increase of 76.52% compared to 2022. The company's yearly revenue for 2022 was $80.02M, representing an increase of 25.58% compared to 2021. SSBK's yearly revenue for 2021 was $63.72M, representing an increase of 27.13% compared to 2020.

What is Southern States Bancshares’s quarterly revenue?

Southern States Bancshares's quarterly revenue for Q1 2024 was $40M, a 1.82% increase from the previous quarter (Q4 2023), and a 87.53% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $39.29M, a 120.27% increase from the previous quarter (Q3 2023), and a 54.16% increase year-over-year (Q4 2022). SSBK's quarterly revenue for Q3 2023 was $17.84M, a -32.16% decrease from the previous quarter (Q2 2023), and a -14.14% decrease year-over-year (Q3 2022).

What is Southern States Bancshares’s revenue growth rate?

Southern States Bancshares's revenue growth rate for the last 3 years (2021-2023) was 121.68%, and for the last 5 years (2019-2023) was 239.87%.