Southern States Bancshares, Inc.

Southern States Bancshares, Inc.verified

SSBK

Price:

$30.65

Market Cap:

$273.29M

Southern States Bancshares, Inc. operates as the bank holding company for Southern States Bank that provides community banking services to businesses and individuals. It offers various deposit products, such as savings, money market, and noninterest-bearing demand accounts; certificates of deposit; and time deposits. The company also provides real estate loan products, which include loans for real estate construction and development, residential mortgages, and commercial real estate mortgage loans; commercial and industrial loans; and direct consumer installment loans, overdrafts, and other revolving credit loans. In addition, it offers online and mobile banking, and ATM services. The compan...[Read more]

Industry

Banks - Regional

IPO Date

2021-08-12

Stock Exchange

NASDAQ

Ticker

SSBK

The Current Ratio as of September 2024 (TTM) for Southern States Bancshares, Inc. (SSBK) is 0.12

According to Southern States Bancshares, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.12. This represents a change of -99.81% compared to the average of 61.20 of the last 4 quarters.

Southern States Bancshares, Inc. (SSBK) Historical Current Ratio (quarterly & annually)

How has SSBK Current Ratio performed in the past?

The mean historical Current Ratio of Southern States Bancshares, Inc. over the last ten years is 90.69. The current 0.12 Current Ratio has changed -86.89% with respect to the historical average. Over the past ten years (40 quarters), SSBK's Current Ratio was at its highest in in the June 2022 quarter at 3.11K. The Current Ratio was at its lowest in in the March 2020 quarter at 0.

Quarterly (TTM)
Annual

Average

90.69

Median

20.80

Minimum

0.13

Maximum

474.27

Southern States Bancshares, Inc. (SSBK) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Southern States Bancshares, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 2.45%

Maximum Annual Current Ratio = 474.27

Minimum Annual Increase = -99.97%

Minimum Annual Current Ratio = 0.13

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.13-99.97%
2022474.271.63%
202127.4217.25%
202023.3828.36%
201918.222.45%

Southern States Bancshares, Inc. (SSBK) Average Current Ratio

How has SSBK Current Ratio performed in the past?

The current Current Ratio of Southern States Bancshares, Inc. (SSBK) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

167.27

5-year avg

108.68

10-year avg

90.69

Southern States Bancshares, Inc. (SSBK) Current Ratio vs. Peers

How is SSBK’s Current Ratio compared to its peers?

Southern States Bancshares, Inc.’s Current Ratio is less than Oconee Federal Financial Corp. (0.22), less than HMN Financial, Inc. (4.41), less than Home Federal Bancorp, Inc. of Louisiana (0.28), less than Citizens Holding Company (14.42), greater than HV Bancorp, Inc. (0), less than Oak Valley Bancorp (0.12), greater than MainStreet Bancshares, Inc. (0.11), less than Cullman Bancorp, Inc. (76.62), greater than Chemung Financial Corporation (0.05), greater than First Community Corporation (0.09), less than Bank7 Corp. (0.16), greater than Orange County Bancorp, Inc. (0.10), less than ChoiceOne Financial Services, Inc. (0.20), greater than First Financial Northwest, Inc. (0.05), greater than First Northwest Bancorp (0.06), less than First Capital, Inc. (0.24), greater than ESSA Bancorp, Inc. (0.11), greater than FS Bancorp, Inc. (0.06),

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