Southern States Bancshares, INC

Market Movers (8-K)

Southern States Bancshares, Inc. has completed its merger with FB Financial Corporation, resulting in Southern States' common stock being converted into FB Financial shares and its subsequent delisting from Nasdaq.
Southern States Bancshares announced its first quarter 2025 financial results, highlighting a net income of $10.4 million and progress on its merger with FB Financial.
Southern States Bancshares, Inc. (SSBK) announces a quarterly cash dividend of $0.09 per share, payable on May 12, 2025, to shareholders of record as of May 1, 2025.
FB Financial Corporation and Southern States Bancshares, Inc. have announced a definitive merger agreement where Southern States will merge into FB Financial, expanding FB Financial's presence in Alabama and Georgia.
Jonathan W. Hinton, a director of Southern States Bancshares, Inc., will retire at the 2025 Annual Meeting of Shareholders.
Southern States Bancshares announced record net income of $11.2 million for the fourth quarter of 2024, driven by strong loan growth and the acquisition of Century Bank.
Better than expected

Quarterly Earnings (10-Q)

Southern States Bancshares announces a 27.5% increase in net income for Q1 2025, driven by net interest income growth, while navigating a pending merger with FB Financial Corporation.
Better than expected
Southern States Bancshares experienced significant loan and deposit growth in the third quarter of 2024, driven by the acquisition of Century Bank and organic expansion.
Better than expected
Southern States Bancshares reported a slight decrease in net income for the second quarter of 2024 compared to the same period last year, while also announcing the completion of its acquisition of Century Bank of Georgia.
Worse than expected
Southern States Bancshares reported a net income of $8.1 million for the first quarter of 2024, driven by loan and deposit growth, while also announcing a merger with Century Bank of Georgia.

Annual Reports (10-K)

Southern States Bancshares files an amendment to its annual report on Form 10-K to include required information in Part III (Items 10, 11, 12, 13 and 14) in light of its pending merger with FB Financial Corporation.
Southern States Bancshares, Inc. announces its 2024 financial results, highlighting a net income increase and the completion of the Century Bank acquisition.
Southern States Bancshares reports a strong year with increased net income, loan growth, and deposit growth, while navigating a complex regulatory landscape.
Better than expected

Insider Trading (Form 4)

Alfred J. Hayes Jr., a director of Southern States Bancshares, Inc., has reported the disposal of 6,796 shares of common stock effective July 1, 2025, in connection with the company's merger into FB Financial Corp.
Mark Chambers, CEO of Southern States Bancshares, Inc., has reported the disposition of all his common stock holdings and exercised stock options in connection with the company's merger with FB Financial Corp. effective July 1, 2025.
Southern States Bancshares, Inc. Director Brian Stacey Holmes disposed of all his common stock holdings in SSBK effective July 1, 2025, as part of the company's merger into FB Financial Corp.
Southern States Bancshares, Inc. Chief Risk Officer Gregory B. Smith disposed of all his common stock and exercised stock options on July 1, 2025, as part of the company's merger into FB Financial Corp.
Jay F. Pumroy, a director of Southern States Bancshares, Inc., has reported the disposal of all his beneficial ownership in SSBK common stock due to its merger with FB Financial Corp. effective July 1, 2025.
J. Henry Smith IV, a director of Southern States Bancshares, Inc., disposed of all his direct and indirect holdings in SSBK common stock on July 1, 2025, as part of the company's merger with FB Financial Corp.

Proxy Statements (Def-14A)

FB Financial Corporation will acquire Southern States Bancshares, Inc., in an all-stock transaction, aiming to expand its presence in the Southeast.
Southern States Bancshares, Inc. has filed a definitive proxy statement with the SEC.
Southern States Bancshares, Inc. will hold its 2024 Annual Meeting of Stockholders on May 15, 2024, to elect directors and ratify the selection of its independent accounting firm.

Schedule 13G - Passive Investments

Strategic Value Investors LP and related entities have disclosed a passive 8.6% beneficial ownership stake in Southern States Bancshares, Inc., totaling 848,502 shares.
Floyd C. Davis has filed a Schedule 13G, reporting beneficial ownership of 6.4% of Southern States Bancshares, Inc.'s common stock as of January 29, 2025.