---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-017245"
form_type: "8-K"
ticker: null
cik: "0001689731"
company_name: "Southern States Bancshares, Inc."
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T12:03:24.076624+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Southern States Bancshares Q1 net income $8.1M, EPS $0.90; loan growth 17.2% annualized

## Summary
- Net income $8.1M ($0.90 diluted EPS); core net income also $8.1M ($0.90).
- Net interest income $20.8M, up $435K QoQ; NIM 3.59%, down 10 bps from prior quarter.
- Linked-quarter loan growth 17.2% annualized; total deposit growth 18.3% annualized (ex-brokered 7.1%).
- ROAA 1.33%, ROAE 14.87%, ROATCE 16.17%; efficiency ratio 46.90%.
- Core ROAA 1.34%, core ROATCE 16.19%.

## SEC filing metadata
- accession: 0001628280-24-017245
- form_type: 8-K
- cik: 0001689731
- company_name: Southern States Bancshares, Inc.
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1689731/000162828024017245/0001628280-24-017245-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1689731/000162828024017245/ssbk-20240422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-017245
- JSON: https://secwatch.observer/filing/0001628280-24-017245.json
- Plain text: https://secwatch.observer/filing/0001628280-24-017245.txt

## Key facts
- Earnings Releases
  Southern States Bancshares, Inc. reported First Quarter 2024 results: net income $8.1 million, EPS $0.90 per diluted share.
  - Period: First Quarter 2024
  - Net income: $8.1 million
  - EPS: $0.90 per diluted share
  - Result: reported results
  source text: Southern States Bancshares, Inc. Announces First Quarter 2024 Financial Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/1689731/000162828024017245/0001628280-24-017245-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.