Southern States Bancshares, Inc. Announces Second Quarter 2024 Financial Results
SOSouthern Company(SO) GlobeNewswire News Room·2024-07-22 19:00

Second Quarter 2024 Performance and Operational Highlights Net income of $8.2 million, or $0.90 per diluted shareCore net income(1) of $9.1 million, or $1.00 per diluted share(1)Net interest income of $21.6 million, an increase of $740,000 from the prior quarterNet interest margin (“NIM”) of 3.56%, down 3 basis points from the prior quarterNIM of 3.57% on a fully-taxable equivalent basis (“NIM - FTE”)(1)Return on average assets (“ROAA”) of 1.29%; return on average stockholders’ equity (“ROAE”) of 14.55%; an ...