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Southern States Bancshares - Stock

Southern States Bancshares Liabilities 2024

Southern States Bancshares Liabilities

2.23 B USD

Ticker

SSBK

ISIN

US8438783073

WKN

A3CW1P

In 2024, Southern States Bancshares's total liabilities amounted to 2.23 B USD, a 19.76% difference from the 1.86 B USD total liabilities in the previous year.

Southern States Bancshares Aktienanalyse

What does Southern States Bancshares do?

Southern States Bancshares Inc is a US financial holding company that operates multiple banks and branches. The company was founded in 1985 and is headquartered in Anniston, Alabama. Southern States Bancshares focuses on expanding its customer base, optimizing its banking services, and increasing its enterprise value. As a financial holding company, Southern States Bancshares strives to expand its banking services in the areas of deposits, loans, investment and treasury services, and other related services. The holding company offers these services through its subsidiaries, Southern States Bank and Southern States Insurance Group. The history of Southern States includes successful acquisitions of banks and branches, including First Federal Savings and Loan Association of Anniston, A.G. Edwards Trust Company of Birmingham, and American Federal Bank of Trussville. Through these acquisitions, Southern States Bancshares has expanded its business in Alabama, Georgia, and Florida. The business model of Southern States Bancshares relies on integrated financial services to help customers efficiently manage their finances and achieve their personal growth and career goals. The holding company is committed to providing reliable, high-quality, customer-oriented banking services. The goal is to build long-term customer relationships based on trust, reliability, and integrity. Southern States Bancshares operates in three main segments: deposits, loans, and treasury services. The bank offers various types of deposits, including savings accounts, accounts for young people, certificates of deposit (CDs), and personal checking accounts. These deposit options are suitable for customers of all types and ages, offering them a wide range of choices for their financial needs. In addition to deposits, the bank also offers various types of loans, including real estate loans, auto loans, personal and business line of credit, credit cards, and more. These loans are tailored to the different needs and requirements of customers, from large business projects to personal loans for emergencies. Treasury services such as online and mobile banking, electronic transfers, checks, and payment processing services are also an important part of Southern States Bancshares' business model. These services provide customers with a high level of convenience and flexibility in managing their financial affairs. In addition to its subsidiaries in the financial sector, Southern States Bancshares also operates an insurance group, Southern States Insurance Group. The group offers various types of insurance, including life insurance, liability insurance, health insurance, and other types of insurance for individuals and businesses. Overall, the business model of Southern States Bancshares aims to provide customers with a wide range of financial services tailored to their individual needs. By integrating various financial services and creating a comprehensive, unified banking platform, the company aims to build long-term customer relationships and strengthen its competitiveness in the market. Southern States Bancshares ist eines der beliebtesten Unternehmen auf Eulerpool.com.

Liabilities Details

Assessing Southern States Bancshares's Liabilities

Southern States Bancshares's liabilities constitute the company's financial obligations and debts owed to external parties and stakeholders. They are categorized into current liabilities, due within a year, and long-term liabilities, which are due over a longer period. A detailed assessment of these liabilities is crucial for evaluating Southern States Bancshares's financial stability, operational efficiency, and long-term viability.

Year-to-Year Comparison

By comparing Southern States Bancshares's liabilities year-over-year, investors can identify trends, shifts, and anomalies in the company’s financial positioning. A decrease in total liabilities often signals financial strengthening, while an increase might indicate enhanced investments, acquisitions, or potential financial strain.

Impact on Investments

Southern States Bancshares's total liabilities play a significant role in determining the company's leverage and risk profile. Investors and analysts examine this aspect meticulously to ascertain the firm’s ability to meet its financial obligations, which influences investment attractiveness and credit ratings.

Interpreting Liability Fluctuations

Shifts in Southern States Bancshares’s liability structure indicate changes in its financial management and strategy. A reduction in liabilities reflects efficient financial management or debt payoffs, while an increase may suggest expansion, acquisition activities, or accruing operational expenses, each carrying distinct implications for investors.

Frequently Asked Questions about Southern States Bancshares Stock

What is the level of liabilities of Southern States Bancshares this year?

Southern States Bancshares has a debt balance of 2.23 B USD this year.

What were the liabilities of Southern States Bancshares compared to the previous year?

The liabilities of Southern States Bancshares have increased by 19.76% increased compared to the previous year.

What are the consequences of high debt for investors of Southern States Bancshares?

High liabilities can pose a risk for investors of Southern States Bancshares, as they can weaken the company's financial position and impair its ability to meet its obligations.

What consequences do low liabilities have for investors in Southern States Bancshares?

Low liabilities mean that Southern States Bancshares has a strong financial position and is able to meet its obligations without overburdening its finances.

How does an increase in liabilities of Southern States Bancshares affect the company?

An increase in liabilities of Southern States Bancshares can lead to the company having more obligations and potentially find it more difficult to meet its financial commitments.

How does a reduction in the liabilities of Southern States Bancshares affect the company?

A decrease in the liabilities of Southern States Bancshares can lead to the company having fewer obligations and a stronger financial position, which can make it easier for the company to fulfill its financial commitments.

What are some factors that influence the liabilities of Southern States Bancshares?

Some factors that can influence the liabilities of Southern States Bancshares include investments, acquisitions, operating costs, and sales development.

Why is the level of liabilities of Southern States Bancshares so important for investors?

The liabilities of Southern States Bancshares are important for investors as they serve as an indicator of the company's financial stability and provide investors with information on how the company meets its financial obligations.

What strategic measures can Southern States Bancshares take to modify the liabilities?

To change its liabilities, Southern States Bancshares can take measures such as cost savings, increasing revenue, selling assets, raising investments, or forming partnerships. It is important for the company to conduct a thorough review of its financial situation to choose the best strategic actions.

How much dividend does Southern States Bancshares pay?

Over the past 12 months, Southern States Bancshares paid a dividend of 0.36 USD . This corresponds to a dividend yield of about 1.41 %. For the coming 12 months, Southern States Bancshares is expected to pay a dividend of 0.41 USD.

What is the dividend yield of Southern States Bancshares?

The current dividend yield of Southern States Bancshares is 1.41 %.

When does Southern States Bancshares pay dividends?

Southern States Bancshares pays a quarterly dividend. This is distributed in the months of September, December, March, June.

How secure is the dividend of Southern States Bancshares?

Southern States Bancshares paid dividends every year for the past 6 years.

What is the dividend of Southern States Bancshares?

For the upcoming 12 months, dividends amounting to 0.41 USD are expected. This corresponds to a dividend yield of 1.6 %.

In which sector is Southern States Bancshares located?

Southern States Bancshares is assigned to the 'Finance' sector.

Wann musste ich die Aktien von Southern States Bancshares kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Southern States Bancshares from 5/16/2024 amounting to 0.09 USD, you needed to have the stock in your portfolio before the ex-date on 5/2/2024.

When did Southern States Bancshares pay the last dividend?

The last dividend was paid out on 5/16/2024.

What was the dividend of Southern States Bancshares in the year 2023?

In the year 2023, Southern States Bancshares distributed 0.36 USD as dividends.

In which currency does Southern States Bancshares pay out the dividend?

The dividends of Southern States Bancshares are distributed in USD.

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Andere Kennzahlen von Southern States Bancshares

Our stock analysis for Southern States Bancshares Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Southern States Bancshares Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.