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Southern States Bancshares Q2 Profit Edged Down
(RTTNews) - Southern States Bancshares, Inc. (SSBK) reported Monday that net income for the second quarter decreased to $8.20 million or $0.90 per share from $8.76 million or $1.00 per share in the prior-year quarter.
Core net income for the quarter was $9.06 million or $0.90 per share, compared to $7.06 million or $0.98 per share in the prior-year quarter.
Net interest income for the quarter was $21.58 million, up from $19.43 million in the year-ago quarter. Total noninterest income plunged to $1.37 million from $6.86 million last year.
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Southern States Bancshares COO Jack Swift To Retire
Southern States Bancshares, Inc. (SSBK), the holding company for Southern States Bank, an Alabama state-chartered commercial bank, announced Thursday the retirement of Chief Operating Officer Jack Swift, effective May 31, 2024.
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