Southern States Bancshares, Inc. — Cyborg Score 6/10
Solid
Community Banking / Regional Banking
Strategic Profile
The company was a pure-play community bank focused on the Southeast US market, built on personalized, relationship-driven service for small-to-medium-sized businesses and individuals. Southern States Bancshares was merged into FB Financial on July 1, 2025.
Cyborg Score Rationale
The company demonstrated solid community banking fundamentals with strong Q4 2024 results (net income of $11.2 million per diluted share) and maintained consistent profitability. However, the July 2025 merger into FB Financial indicates the independent company no longer exists as a standalone entity.
Top Insights
Southern States completed the acquisition of Century Bank in 2024, with subsequent quarterly reports attributing increases in loans, deposits, and noninterest income to this acquisition.
As of March 31, 2025, the company had $2.9 billion in total assets.
Trailing twelve months revenue as of March 31, 2025 was $99.03 million.
Southern States Bancshares focused its activities in Alabama and Georgia, operating 15 branches in those states and maintaining two loan production offices in the Atlanta metropolitan statistical area.
Named Competitors
Regional Community Banking — Southeast regional community bank
Regional Community Banking — Regional community banking services
Regional Community Banking — Regional financial services provider
Recent Developments
(July 2025) Merger with FB Financial Corporation completed
(April 2025) Board declared quarterly cash dividend of $0.09 per share
(Q4 2024) Reported net income of $11.2 million ($1.11 per diluted share)
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