Southern States Bancshares
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Southern States Bancshares's past years’ income statements indicate that its last revenue has increased compared to the previous period by 4% to $82,896,000. The net income raised on $31,952,000 and profit margin reached 39%. Total operating expenses were $30,969,000.
Profit Margin
| 2018 | 30.93M | 7.71M | 24.93% |
|---|---|---|---|
| 2019 | 41.55M | 5.60M | 13.48% |
| 2020 | 50.11M | 12.10M | 24.16% |
| 2021 | 63.71M | 18.56M | 29.14% |
| 2022 | 80.01M | 27.07M | 33.83% |
| 2023 | 82.89M | 31.95M | 38.54% |
SSBK Income Statement (2018 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
Revenue | ||||||
Revenue | 82.89M | 80.01M | 63.71M | 50.11M | 41.55M | 30.93M |
Cost of revenue | 0 | 8.73M | 8.04M | 0 | 0 | 0 |
Gross profit | 82.89M | 71.28M | 55.66M | 50.11M | 41.55M | 30.93M |
Operating exp. | ||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 28.44M | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 30.96M | 8.73M | -39.41M | -35.48M | -33.47M | 20.92M |
Operating income | 51.92M | 46.30M | 24.29M | 14.63M | 8.08M | 10.00M |
Other income (expenses), net | -10.90M | -11.51M | 21.33M | -7.90M | 8.08M | 0 |
Income before tax | 41.02M | 34.79M | 24.29M | 14.63M | 8.08M | 10.00M |
Income tax expense | 9.06M | 7.72M | 5.73M | 2.52M | 2.48M | 2.29M |
Net income | 31.95M | 27.07M | 18.56M | 12.10M | 5.60M | 7.71M |
Earnings per share | ||||||
Basic EPS | 3.63 | 3.11 | 2.26 | 1.39 | 0.64 | 1.18 |
Diluted EPS | 3.54 | 3.11 | 2.23 | 1.39 | 0.64 | 1.18 |
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