Southern States Bancshares, Inc. Announces Fourth Quarter 2024 Financial Results
Fourth Quarter 2024 Performance and Operational Highlights Net income of $11.2 million, or $1.11 per diluted shareCore net income(1) of $10.5 million, or $1.04 per diluted share(1)Pretax pre-provision core net income(1) of $14.0 millionNet interest income of $25.1 million, an increase of $804,000 from the prior quarterNet interest margin ("NIM") of 3.66%, up 1 basis point from the prior quarterReturn on average assets ("ROAA") of 1.55%; return on average stockholders' equity ("ROAE") of 16.13%; and return on average tangible common equity ("ROATCE")(1) of 18.87% Core ROAA(1) of 1.45%; and core ROATCE(1) of 17.67%Efficiency ratio of 46.67%; and core efficiency ratio of 47.78%Linked-quarter l
