South Atlantic Bancshares, Inc. Reports Earnings of $0.67 per Diluted Common Share for the Three Months Ended September 30, 2026
Key Highlights
- ➤Q3 net income $5.2 million, up 10.2% quarter-over-quarter
- ➤Nine-month net income $14.4 million, up 26.7% year-over-year
- ➤Total deposits grew $136.5 million, an annualized 11.7% increase
- ➤Total loans grew $82.0 million, an annualized 7.5% increase
- ➤Tangible book value per share rose 13.2% to $18.67
Expert Statements
K. Wayne Wicker, Chairman and CEO of South Atlantic Bancshares, Inc.
“We are very pleased with the strong financial results achieved during the third quarter of 2026”
South Atlantic Bancshares, Inc. Reports Earnings of $0.67 per Diluted Common Share for the Three Months Ended September 30, 2026 PR Newswire
MYRTLE BEACH, S.C., Oct. 22, 2026 /PRNewswire/ -- South Atlantic Bancshares, Inc. ("South Atlantic" or the "Company") (OTCQX: SABK), parent of South Atlantic Bank (the "Bank"), reported consolidated net income of $5.2 million, or $0.67 per diluted common share, for the third quarter of 2026, compared to $4.7 million, or $0.61 per diluted common share, for the second quarter of 2026. The Company reported $14.4 million, or $1.85 per diluted common share, for the nine months ended September 30, 2026, compared to $11.4 million, or $1.48 per diluted common share, for the nine months ended September 30, 2025.
Get started
Create a free account to read the full story.