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SSB Bancorp Inc - SSBP STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SSB Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SSB Bancorp's position in the market.

Rhea-AI Summary
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

OTC:SSBP

SSBP Rankings

SSBP Stock Data

20.93M
808.34k
2.82%
Commercial Banking
Finance and Insurance
Link
United States
Pittsburgh

About SSBP

ssb has been pittsburgh's choice for local personal and business banking since 1922. ssb bank is excited to serve pittsburgh’s mccandless and north side communities. please stop in or call our friendly staff members to find out how you can benefit and save money as part of the ssb bank family. social media privacy policy: https://www.ssbpgh.com/social-media-policy member fdic. equal housing lender.