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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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