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Mar 31, 2022
Southern States Q1 2022 Earnings Report
Southern States reported net income for Q1 2022.
Key Takeaways
Southern States Bancshares, Inc. reported a net income of $4.6 million, or $0.50 per diluted share, for the first quarter of 2022. Linked-quarter loan growth was 19.4% annualized. The company completed a $48.0 million subordinated debt offering and implemented a stock repurchase program.
Linked-quarter loan growth was 19.4% annualized.
Net income of $4.6 million, or $0.50 per diluted share.
Core net income of $4.8 million, or $0.53 per diluted share.
Implemented a stock repurchase program authorizing up to $10.0 million of common stock purchases.
Southern States
Southern States
Forward Guidance
This press release contains forward-looking statements within the meaning of the federal securities laws, which reflect our current expectations and beliefs with respect to, among other things, future events and our financial performance.