- Southern States Bancshares press release ( NASDAQ: SSBK ): Q3 GAAP EPS of $0.75 beats by $0.11 .
- Revenue of $20.77M (+28.7% Y/Y) beats by $2.27M .
- Net interest margin (“NIM”) of 4.15%, up 31 basis points from the prior quarter
- NIM of 4.17% on a fully-taxable equivalent basis (1)
- Return on average assets (“ROAA”) of 1.35%; return on average stockholders’ equity (“ROAE”) of 15.42%; and return on average tangible common equity (“ROATCE”) (1) of 17.24%
- Core ROAA (1) of 1.37%; and core ROATCE (1) of 17.51%
- Efficiency ratio of 48.94%, an improvement from 54.19% for the prior quarter
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Southern States Bancshares GAAP EPS of $0.75 beats by $0.11, revenue of $20.77M beats by $2.27M