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Ssb Bancorp - SSBP STOCK NEWS

Welcome to our dedicated page for Ssb Bancorp news (Ticker: SSBP), a resource for investors and traders seeking the latest updates and insights on Ssb Bancorp stock.

SSB Bancorp (SSBP), Pittsburgh's trusted community banking institution since 1922, provides essential financial services to individuals and businesses. This dedicated news hub offers investors and stakeholders timely access to official updates and strategic developments.

Discover comprehensive coverage of earnings announcements, regulatory filings, and community initiatives that shape SSB Bank's operations. Our curated collection ensures you stay informed about leadership changes, product launches, and compliance updates relevant to this Pennsylvania-chartered institution.

Bookmark this page for direct access to SSBP's verified press releases and financial disclosures. Check regularly for updates reflecting the bank's commitment to Pittsburgh's economic growth and traditional banking values.

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SSB Bancorp, Inc. announces a share repurchase program to buy back up to 49,489 shares, representing 5% of outstanding shares, over six months. Repurchases will be made through open market purchases or privately negotiated transactions, subject to market conditions.
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SSB Bancorp, Inc. (SSBP) reports unaudited consolidated financial results for the year ended December 31, 2023. Total assets increased to $295.8 million, with net earnings of $1.9 million. Total interest and fee income increased by 41.0%, while interest expense rose by 119.4%. Noninterest income and expense also saw significant changes, with noninterest income increasing by 69.3% and noninterest expense increasing by 7.4%.
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SSB Bancorp, Inc. announced unaudited consolidated results of operations for Q3 2023. Total assets increased to $290.8 million, up $39.6 million from December 2022. Net earnings for Q3 2023 were $626,000, compared to $248,000 in Q3 2022. Total interest and fee income increased by $1.3 million, while interest expense increased by $895,000. Noninterest income increased by $221,000, and noninterest expense increased by $87,000.
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SSB Bancorp, Inc. has authorized a program to repurchase up to 49,489 shares of its outstanding common stock, representing approximately 5% of the shares currently outstanding and owned by stockholders other than SSB Bancorp, MHC.
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SSB Bancorp, Inc. reported its unaudited consolidated results for the year ended December 31, 2022, showing total assets rose by $16.2 million to $251.2 million.

Net earnings increased to $1.3 million, equating to $0.62 per share, up from $1.1 million or $0.51 the previous year. Total interest and fee income increased by 10.8% to $10 million, driven by higher average interest-earning assets and yield. However, noninterest income fell by 12.7% due to decreased mortgage loan production.

Despite an increase in interest expense by 16.8%, noninterest expense grew by 3.2%.

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SSB Bancorp (OTC PINK:SSBP) announced its unaudited financial results for the year ending December 31, 2022. The Company reported a growth in total assets by $16.1 million, reaching $251.1 million, primarily driven by a $21.2 million increase in deposits. Additionally, net loans rose by 6.9%, totaling $13.5 million. Net earnings increased by 16.5% to $1.289 million from $1.106 million in 2021, reflecting an increase of approximately $183,000. A detailed analysis of different business lines and year-over-year changes will be released soon.

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SSB Bancorp (OTC PINK:SSBP) reported its unaudited financial results for the nine months ending September 30, 2022. Total assets grew by $11.6 million to $246.6 million, driven by a $17.2 million increase in deposits. Net earnings rose to $864,000 or $0.40 per share, up from $749,000 or $0.34 per share year-over-year. Interest income increased by 6.7%, attributed to higher average interest-earning assets and yield. However, noninterest income fell by 19.1%, largely due to reduced mortgage loan production. Noninterest expenses increased by 5.2%, mainly from salaries and benefits.

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On August 11, 2022, SSB Bancorp (OTC PINK:SSBP) reported its unaudited financial results for the six months ending June 30, 2022. Total assets grew by $4.7 million to $239.7 million, driven by an $8.9 million increase in deposits. Net loans fell by $1.8 million due to early Paycheck Protection Program repayments. The company reported net earnings of $617,000 ($0.29 per share), up from $378,000 ($0.17 per share) the previous year. Interest income rose by 9.1%, while noninterest income fell by 22.4%, attributed to reduced mortgage loan production.

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SSB Bancorp, Inc. (OTC: SSBP) reported its unaudited financial results for the four months ending April 30, 2022. Total assets grew by $9.6 million to $244.5 million, driven by a $13.6 million increase in deposits. Net earnings rose to $422,000 ($0.20 per share), compared to $253,000 ($0.12 per share) last year. Interest and fee income increased by 8.57% to $3.15 million, while interest expense decreased by 22.6% to $689,000. However, noninterest income fell by 22.2% to $337,000, primarily due to reduced mortgage loan production.

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SSB Bancorp reported a net earnings decrease to $1.1 million for the year ended December 31, 2021, equating to $0.51 per basic share, from $1.4 million or $0.66 per share in 2020. Key factors include a $1.1 million decline in loan sales gains and an increase in noninterest expenses of $689,000. Total assets rose to $234.9 million, while net loans increased by $31.8 million. The bank maintained a well-capitalized status under regulatory guidelines.

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OTC:SSBP

SSBP Rankings

SSBP Stock Data

19.15M
2.23M
2.82%
Banks - Regional
Financial Services
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United States
Pittsburgh