Southern States reports Q4 core EPS $1.04 vs 81c last year

Book value per share $28.30. Reports CET1 capital ratio 9.84%. Mark Chambers, Chief Executive Officer and President of Southern States (SSBK) Bancshares, Inc., said “We are proud to report record net income of $11.2 million for the fourth quarter and $34.9 million for the full year, a testament to our team’s diligent execution and superior customer service. Our strong operating results reflect our continued consistent growth supported by a healthy net interest margin of 3.66% for the fourth quarter, coupled with an efficiency ratio of 46.67%.”