Southern States Bancshares, Inc. Announces Third Quarter 2024 Financial Results

Third Quarter 2024 Performance and Operational Highlights Net income of $7.4 million, or $0.76 per diluted shareCore net income(1) of $8.7 million, or $0.89 per diluted share(1)Core pretax pre-provision net income(1) of $13.8 millionNet interest income of $24.2 million, an increase of $2.7 million from the prior quarterNet interest margin (“NIM”) of 3.65%, up 9 basis points from the prior quarterNIM of 3.66% on a fully-taxable equivalent basis (“NIM - FTE”)(1)Return on average assets (“ROAA”) of 1.05%; retu ...