Southern States Bancshares (SSBK) Revenue & Revenue Breakdown
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
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $141.25M | 76.52% |
| 2022-12-31 | $80.02M | 25.58% |
| 2021-12-31 | $63.72M | 27.13% |
| 2020-12-31 | $50.12M | 20.59% |
| 2019-12-31 | $41.56M | 34.35% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $40.00M | 1.82% |
| 2023-12-31 | $39.29M | 120.27% |
| 2023-09-30 | $17.84M | -32.16% |
| 2023-06-30 | $26.29M | 23.26% |
| 2023-03-31 | $21.33M | -16.30% |
| 2022-12-31 | $25.49M | 22.69% |
| 2022-09-30 | $20.77M | 16.91% |
| 2022-06-30 | $17.77M | 11.15% |
| 2022-03-31 | $15.99M | 0.88% |
| 2021-12-31 | $15.85M | -1.87% |
| 2021-09-30 | $16.15M | 8.11% |
| 2021-06-30 | $14.94M | -10.98% |
| 2021-03-31 | $16.78M | 30.33% |
| 2020-12-31 | $12.88M | -4.15% |
| 2020-09-30 | $13.43M | 15.54% |
| 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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| FSBW | FS Bancorp | $187.78M | $51.86M |
| SSBK | Southern States Bancshares | $141.25M | $40.00M |
| CHMG | Chemung Financial | $137.52M | $36.97M |
| OBT | Orange County Bancorp | $131.19M | $32.51M |
| BSVN | Bank7 | $130.79M | $35.60M |
| MNSB | MainStreet Bancshares | $127.76M | $34.20M |
| COFS | ChoiceOne Financial Services | $114.13M | $32.45M |
| FNWB | First Northwest Bancorp | $104.92M | $28.10M |
| OVLY | Oak Valley Bancorp | $87.34M | $18.76M |
| FFNW | First Financial Northwest | $80.93M | $20.02M |
| ESSA | ESSA Bancorp | $69.30M | $27.78M |
| FCAP | First Capital | $51.24M | $14.24M |
| HMNF | HMN Financial | $43.48M | $14.79M |
| HVBC | HV Bancorp | $25.74M | $6.58M |
| HFBL | Home Federal Bancorp, Inc. of Louisiana | $23.45M | $8.40M |
| OFED | Oconee Federal Financial | $16.61M | $3.21M |
| FCCO | First Community | $10.42M | $25.48M |
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%.