Ssb Bancorp Stock Price, News & Analysis

SSB Bancorp, Inc. (SSBP) is the holding company for SSB Bank, a Pennsylvania-chartered stock savings bank. According to company disclosures in its news releases, SSB Bank is the wholly owned subsidiary of SSB Bancorp, Inc. and serves individuals and small businesses in Allegheny County and adjacent areas from its main office and branch office located in Pittsburgh, Pennsylvania. SSB Bancorp, Inc. trades on the OTCQX/OTC Pink markets under the symbol SSBP.

As a financial institution in the commercial banking industry, SSB Bank focuses on gathering deposits and originating loans in its regional market. Company news releases describe growth in total assets, deposits, and net loans over multiple reporting periods, reflecting an emphasis on traditional banking activities such as loan origination and deposit gathering. The bank also reports activity in certificates of deposit, Federal Home Loan Bank advances, and interest-bearing deposits with other financial institutions, which are typical balance sheet components for a community-focused savings bank.

Business model and operations

SSB Bancorp, Inc. reports consolidated financial results that highlight net interest income, interest and fee income, interest expense, noninterest income, and noninterest expense. The company attributes increases in total interest and fee income to higher yields on interest-earning assets and growth in average interest-earning assets. Interest expense trends are linked to changes in the cost of interest-bearing liabilities and market interest rates. These disclosures indicate that SSB Bancorp, Inc. generates a significant portion of its earnings from the spread between interest earned on loans and other interest-earning assets and interest paid on deposits and other funding sources.

Noninterest income is another component of the company’s operations. In its financial updates, SSB Bancorp, Inc. notes contributions from credit card processing fees, payment processing sponsorship fees, merchant acquirer sponsorship fees, loan servicing fees, and gains on sale of loans. The company has reported that credit card processing and payment processing sponsorship fees have grown, and that its credit card processing portfolio has expanded in both the number of merchants and the volume of transactions settled. At the same time, the company has discussed lower gains on sale of loans in periods when mortgage loan production decreased as market interest rates rose.

On the expense side, SSB Bancorp, Inc. regularly reports noninterest expense categories such as salaries and employee benefits, occupancy, data processing, professional fees, federal deposit insurance, marketing, and contributions and donations. Changes in these categories are tied to business development methods, the size and complexity of the bank’s products to service customers, and regulatory and insurance costs.

Market focus and geographic footprint

SSB Bank serves individuals and small businesses in Allegheny County, Pennsylvania, and adjacent areas, as stated in multiple company news releases. Its operations are conducted from its main office and a branch office in Pittsburgh. This local and regional focus positions the bank as a community-oriented institution within the broader commercial banking and savings bank sector. The company’s financial communications emphasize growth in deposits and loans within this footprint, as well as adjustments to funding sources such as Paycheck Protection Program Liquidity Facility advances and Federal Home Loan Bank advances.

Capital management and stock repurchase programs

SSB Bancorp, Inc. has described capital management actions through authorized stock repurchase programs. In October 2023 and March 2024, the company announced programs authorizing the repurchase of up to 49,489 shares of its outstanding common stock, representing approximately 5% of the shares then outstanding and owned by stockholders other than SSB Bancorp, MHC. A subsequent update in May 2025 stated that 11,750 shares remained authorized to be repurchased under the program. The company has indicated that repurchases may be conducted through open market purchases, including by means of a trading plan adopted under Securities and Exchange Commission Rule 10b5-1, or in privately negotiated transactions, subject to market conditions and other factors.

Financial reporting and performance indicators

In its unaudited consolidated financial results for various periods, SSB Bancorp, Inc. has discussed trends in total assets, deposits, net loans, net earnings, interest and fee income, interest expense, noninterest income, and noninterest expense. The company attributes asset growth to increases in deposits and, in some periods, to net increases in Federal Home Loan Bank advances. These funding sources have been converted into higher balances of net loans, certificates of deposit, and interest-bearing deposits with other financial institutions.

The company’s disclosures also describe how changes in market interest rates have affected yields on interest-earning assets and the cost of interest-bearing liabilities. For example, increases in market interest rates have been associated with higher yields on assets and higher costs on liabilities, influencing net interest income. Noninterest income trends have been affected by mortgage loan production levels and by growth in credit card processing and payment processing sponsorship fees.

Regulatory and corporate structure

SSB Bancorp, Inc. identifies itself as the holding company for SSB Bank, a Pennsylvania-chartered stock savings bank. The company’s news releases reference Paycheck Protection Program Liquidity Facility advances and Federal Home Loan Bank advances, which are funding sources available to regulated financial institutions. The presence of SSB Bancorp, MHC as a mutual holding company owner of a portion of the outstanding shares is also noted in connection with the stock repurchase program, where the repurchase authorization is described in terms of shares owned by stockholders other than SSB Bancorp, MHC.

As of the information provided, SSB Bancorp, Inc. communicates with investors and the public through periodic news releases that include consolidated financial highlights, operating data, and financial condition data. These releases provide insight into the company’s balance sheet structure, earnings drivers, and noninterest income and expense components.

Position within the finance and insurance sector

Within the broader finance and insurance sector, SSB Bancorp, Inc. is classified in the commercial banking industry. Its operations, as described in its own communications, center on community banking activities in and around Pittsburgh, Pennsylvania, with a focus on serving individuals and small businesses. The company’s emphasis on local deposits, loans, and payment-related fee income, along with its use of traditional banking funding sources, aligns with the profile of a community-oriented savings bank holding company.

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