Southern States Bancshares Inc (SSBK) - Net Assets
Based on the latest financial reports, Southern States Bancshares Inc (SSBK) has net assets worth $290.18 Million USD as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.85 Billion) and total liabilities ($2.56 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Southern States Bancshares Inc total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $290.18 Million |
| % of Total Assets | 10.18% |
| Annual Growth Rate | 19.63% |
| 5-Year Change | 98.99% |
| 10-Year Change | N/A |
| Growth Volatility | 10.7 |
Southern States Bancshares Inc - Net Assets Trend (2018–2024)
This chart illustrates how Southern States Bancshares Inc's net assets have evolved over time, based on quarterly financial data. Check Southern States Bancshares Inc tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Southern States Bancshares Inc (2018–2024)
The table below shows the annual net assets of Southern States Bancshares Inc from 2018 to 2024. For live valuation and market cap data, see SSBK company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $279.89 Million | +30.20% |
| 2023-12-31 | $214.96 Million | +18.29% |
| 2022-12-31 | $181.72 Million | +2.55% |
| 2021-12-31 | $177.20 Million | +25.98% |
| 2020-12-31 | $140.66 Million | +11.07% |
| 2019-12-31 | $126.64 Million | +32.64% |
| 2018-12-31 | $95.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Southern States Bancshares Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 548.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $134.07 Million | 47.90% |
| Common Stock | $49.82 Million | 17.80% |
| Other Comprehensive Income | $-7.94 Million | -2.84% |
| Other Components | $103.93 Million | 37.13% |
| Total Equity | $279.89 Million | 100.00% |
Southern States Bancshares Inc Competitors by Market Cap
The table below lists competitors of Southern States Bancshares Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Viking Line Abp
HE:VIK1V
|
$361.15 Million |
|
LAY-OUT Planning Consultants Co. Ltd.
SHE:300989
|
$361.18 Million |
|
Voxel S.A.
WAR:VOX
|
$361.31 Million |
|
Rechi Precision Co Ltd
TW:4532
|
$361.37 Million |
|
Tufton Oceanic Assets Ltd
LSE:SHIP
|
$361.00 Million |
|
Tus-Sound Environmental Resources Co Ltd
SHE:000826
|
$360.83 Million |
|
3D Systems Corporation
NYSE:DDD
|
$360.76 Million |
|
Volcon Inc
NASDAQ:VLCN
|
$360.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Southern States Bancshares Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 214,964,000 to 279,889,000, a change of 64,925,000 (30.2%).
- Net income of 34,868,000 contributed positively to equity growth.
- Dividend payments of 3,316,000 reduced retained earnings.
- New share issuances of 446,000 increased equity.
- Other comprehensive income increased equity by 443,000.
- Other factors increased equity by 32,484,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $34.87 Million | +12.46% |
| Dividends Paid | $3.32 Million | -1.18% |
| Share Issuances | $446.00K | +0.16% |
| Other Comprehensive Income | $443.00K | +0.16% |
| Other Changes | $32.48 Million | +11.61% |
| Total Change | $- | 30.20% |
Book Value vs Market Value Analysis
This analysis compares Southern States Bancshares Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.23x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.48x to 1.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $14.65 | $36.37 | x |
| 2019-12-31 | $14.53 | $36.37 | x |
| 2020-12-31 | $16.14 | $36.37 | x |
| 2021-12-31 | $21.31 | $36.37 | x |
| 2022-12-31 | $20.86 | $36.37 | x |
| 2023-12-31 | $23.78 | $36.37 | x |
| 2024-12-31 | $29.45 | $36.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Southern States Bancshares Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.46%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.68%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 10.18x
- Recent ROE (12.46%) is above the historical average (10.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 8.08% | 18.97% | 0.05x | 9.30x | $-1.83 Million |
| 2019 | 4.42% | 10.44% | 0.05x | 8.65x | $-7.06 Million |
| 2020 | 8.61% | 20.58% | 0.04x | 9.47x | $-1.96 Million |
| 2021 | 10.48% | 27.07% | 0.04x | 10.06x | $847.20K |
| 2022 | 14.90% | 29.58% | 0.04x | 11.25x | $8.90 Million |
| 2023 | 14.86% | 22.64% | 0.06x | 11.38x | $10.46 Million |
| 2024 | 12.46% | 19.68% | 0.06x | 10.18x | $6.88 Million |
Industry Comparison
This section compares Southern States Bancshares Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $2,529,438,500
- Average return on equity (ROE) among peers: 7.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Southern States Bancshares Inc (SSBK) | $290.18 Million | 8.08% | 8.83x | $361.07 Million |
| Ameris Bancorp (ABCB) | $279.02 Million | 5.17% | 9.82x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $19.89 Billion | 1.32% | 0.03x | $5.85 Billion |
| ACNB Corporation (ACNB) | $106.80 Million | 8.72% | 8.79x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $43.92 Million | 3.67% | 4.15x | $137.20 Million |
| Alerus Financial Corp (ALRS) | $141.28 Million | 11.51% | 8.36x | $775.72 Million |
| Amalgamated Bank (AMAL) | $707.65 Million | 15.04% | 10.67x | $1.27 Billion |
| Amerant Bancorp Inc. (AMTB) | $704.74 Million | 3.35% | 10.97x | $979.96 Million |
| Arrow Financial Corporation (AROW) | $213.97 Million | 11.53% | 10.43x | $658.52 Million |
| Associated Banc-Corp (ASB) | $3.09 Billion | 6.48% | 8.43x | $5.45 Billion |
| AmeriServ Financial Inc (ASRV) | $116.55 Million | 6.07% | 10.46x | $62.43 Million |
About Southern States Bancshares Inc
Southern States Bancshares, Inc. operates as the bank holding company for Southern States Bank that provides community banking services to businesses and individuals in the United States. The company offers deposit products, including demand deposits accounts, interest-bearing products, savings accounts, and certificate of deposits. It also provides real estate loan products comprising real estat… Read more