Southern States Bancshares, Inc. Announces First Quarter 2025 Financial Results
First Quarter 2025 Performance and Operational HighlightsNet income of $10.4 million, or $1.03 per diluted share
Core net income(1) of $10.3 million, or $1.03 per diluted share(1)
Pretax pre-provision core net income(1) of $14.2 million
Net interest income of $24.9 million, a decrease of $171,000 from the prior quarter
Net interest margin (“NIM”) of 3.75%, up 9 basis points from the prior quarter
Return 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% annualized
Linked-quarter deposits grew 2.4% annualized(1) See “Reconciliation of Non-GAAP Financial Measures” below for reconciliation of non-GAAP financial...
