2023-07-24 10:00:10 ET
- Southern States Bancshares press release ( NASDAQ: SSBK ): Q2 Non-GAAP EPS of $0.79 beats by $0.20 .
- Revenue of $26.29M (+47.9% Y/Y).
- Return on average assets of 1.60%; return on average stockholders’ equity of 18.15%; and return on average tangible common equity of 20.01%.
- Core ROAA of 1.29%; and core ROATCE of 16.13%.
- Efficiency ratio of 51.00%.
- The Company recorded a provision for credit losses of $1.6 million for the second quarter of 2023, compared to $1.2 million for the first quarter of 2023.
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Southern States Bancshares Non-GAAP EPS of $0.79 beats by $0.20, revenue of $26.29M