Southern Historical Income Statement
| SSBK Stock | USD 37.09 0.34 0.91% |
Historical analysis of Southern States income statement accounts such as Other Operating Expenses of 23.8 M, Operating Income of 28.5 M, EBIT of 1.8 M or Ebitda of 5.9 M can show how well Southern States Bancshares performed in making a profits. Evaluating Southern States income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Southern States's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Southern States Banc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Southern States Banc is a good buy for the upcoming year.
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About Southern Income Statement Analysis
Southern States Banc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Southern States shareholders. The income statement also shows Southern investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Southern States Income Statement Chart
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Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Total Revenue
Total revenue comprises all receipts Southern States Banc generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Southern States Banc. It is also known as Southern States overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from Southern States Banc operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Southern States Bancshares is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most accounts from Southern States' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Southern States Banc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Southern States Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. At this time, Southern States' Depreciation And Amortization is quite stable compared to the past year. Interest Expense is expected to rise to about 54.8 M this year, although the value of Other Operating Expenses will most likely fall to about 23.8 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 55.7M | 71.3M | 82.9M | 61.0M | Total Revenue | 63.7M | 80.0M | 82.9M | 65.8M |
Southern States income statement Correlations
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Southern States Account Relationship Matchups
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Southern States income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 1.3M | 2.0M | 2.2M | 1.5M | 1.5M | 1.8M | |
| Interest Expense | 12.1M | 8.7M | 4.9M | 11.5M | 52.1M | 54.8M | |
| Total Revenue | 41.6M | 50.1M | 63.7M | 80.0M | 82.9M | 65.8M | |
| Gross Profit | 41.6M | 50.1M | 55.7M | 71.3M | 82.9M | 61.0M | |
| Other Operating Expenses | 33.5M | 35.5M | 39.4M | 8.7M | 31.0M | 23.8M | |
| Operating Income | 8.1M | 14.6M | 24.3M | 46.3M | 51.9M | 28.5M | |
| Ebit | 8.1M | 14.6M | 816K | 129K | 1.9M | 1.8M | |
| Ebitda | 9.4M | 16.6M | 3.0M | 1.7M | 3.4M | 5.9M | |
| Total Operating Expenses | (33.5M) | (35.5M) | (39.4M) | 8.7M | 31.0M | 32.5M | |
| Income Before Tax | 8.1M | 14.6M | 24.3M | 34.8M | 41.0M | 24.4M | |
| Total Other Income Expense Net | 8.1M | (7.9M) | 21.3M | (9.7M) | (10.9M) | (10.4M) | |
| Net Income Applicable To Common Shares | 5.6M | 12.1M | 18.6M | 27.1M | 31.1M | 15.6M | |
| Net Income | 5.6M | 12.1M | 18.6M | 27.1M | 32.0M | 18.9M | |
| Income Tax Expense | 2.5M | 2.5M | 5.7M | 7.7M | 9.1M | 5.5M |
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Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Southern States. If investors know Southern will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Southern States listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.037 | Dividend Share 0.36 | Earnings Share 3.51 | Revenue Per Share 9.586 | Quarterly Revenue Growth 0.372 |
The market value of Southern States Banc is measured differently than its book value, which is the value of Southern that is recorded on the company's balance sheet. Investors also form their own opinion of Southern States' value that differs from its market value or its book value, called intrinsic value, which is Southern States' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Southern States' market value can be influenced by many factors that don't directly affect Southern States' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Southern States' value and its price as these two are different measures arrived at by different means. Investors typically determine if Southern States is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Southern States' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.