Earnings

Third Quarter 2024 Earnings

South Atlantic Bancshares, Inc. reports first quarter 2024 earnings. To view the earnings release, download the PDF.

Second Quarter 2024 Earnings

South Atlantic Bancshares, Inc. reports first quarter 2024 earnings. To view the earnings release, download the PDF.

First Quarter 2024 Earnings

South Atlantic Bancshares, Inc. reports first quarter 2024 earnings. To view the earnings release, download the PDF.

Fourth Quarter 2023 Earnings

South Atlantic Bancshares, Inc. reports third quarter 2023 earnings. To view the earnings release, download the PDF.

Third Quarter 2023 Earnings

South Atlantic Bancshares, Inc. reports third quarter 2023 earnings. To view the earnings release, download the PDF.

Second Quarter 2023 Earnings

South Atlantic Bancshares, Inc. reports second quarter 2023 earnings. To view the earnings release, download the PDF.

First Quarter 2023 Earnings

South Atlantic Bancshares, Inc. reports first quarter 2023 earnings. To view the earnings release, download the PDF.

Fourth Quarter 2022 Earnings

South Atlantic Bancshares, Inc. reports fourth quarter 2022 earnings. To view the earnings release, download the PDF.

Third Quarter 2022 Earnings

South Atlantic Bancshares, Inc. reports third quarter 2022 earnings. To view the earnings release, download the PDF.

Second Quarter 2022 Earnings

South Atlantic Bancshares, Inc. reports second quarter 2022 earnings. To view the earnings release, download the PDF.

First Quarter 2022 Earnings

South Atlantic Bancshares, Inc. reports first quarter 2022 earnings. To view the earnings release, download the PDF.

Year-End 2021 Earnings

South Atlantic Bancshares, Inc. reports fourth quarter 2021 earnings. To view the earnings release, download the PDF.

Third Quarter 2021 Earnings

South Atlantic Bancshares, Inc. reports third quarter 2021 Earnings. To view the earnings release, download the PDF.

Second Quarter 2021 Earnings

South Atlantic Bancshares, Inc. reports second quarter 2021 Earnings. To view the earnings release, download the PDF.

First Quarter 2021 Earnings

South Atlantic Bancshares, Inc. reports first quarter 2021 Earnings. To view the earnings release, download the PDF.

Year-End 2020 Earnings

South Atlantic Bancshares, Inc. reports year-end 2020 earnings. To view the earnings release, please download the PDF.

Third Quarter 2020 Report

South Atlantic Bancshares, Inc. reports third quarter financial and employee news. Download the pdf of the quarterly newsletter.

Third Quarter 2020 Earnings

South Atlantic Bancshares, Inc. reports third quarter 2020 earnings. To view the earnings release, download the PDF.

2nd Quarter 2020 Earnings

Download the PDF of South Atlantic Bank's second quarter 2020 earnings.

Earnings of 17 Cents Per Diluted Common Share For 2020 First Quarter

Myrtle Beach, South Carolina, April 21, 2020 – South Atlantic Bancshares, Inc. (“South Atlantic” or the “Company”) (OTCQX: SABK), parent of South Atlantic Bank (the “Bank”), today reported net income of $1.3 million, or $0.17 per diluted share, for the quarter ended March 31, 2020, compared to $1.3 million, or $0.17 per diluted share, reported […]

Earnings of 80 Cents Per Diluted Common Share for 2019 Year-End

Myrtle Beach, South Carolina, January 21, 2020 – South Atlantic Bancshares, Inc. (“South Atlantic” or the “Company”) (OTCQX: SABK), parent of South Atlantic Bank (the “Bank”), today reported net income of $6.1 million, or $0.80 per diluted share, for the year ended December 31, 2019, compared to $3.5 million, or $0.47 per diluted share, reported […]

Third Quarter 2019 Earnings Reflect Continued Growth

Myrtle Beach, South Carolina, October 15, 2019 – South Atlantic Bancshares, Inc. (“South Atlantic” or the “Company”) (OTCQX: SABK), parent of South Atlantic Bank (the “Bank”), today reported net income of $4.8 million, or $0.63 per diluted share, for the nine months ended September 30, 2019, compared to $2.1 million, or $0.29 per diluted share, […]

Mid-Year 2019 Earnings Grow 313 Percent

Myrtle Beach, South Carolina, July 23, 2019 – South Atlantic Bancshares, Inc. (“South Atlantic” or the “Company”) (OTCQX: SABK), parent of South Atlantic Bank (the “Bank”), today reported net income of $3.1 million, or $0.41 per diluted share, for the six months ended June 30, 2019, compared to $752 thousand, or $0.11 per diluted share, […]

First Quarter 2019 Earnings Grow 59 Percent

Myrtle Beach, South Carolina, April 23, 2019 – South Atlantic Bancshares, Inc. (the “Company”) (OTCQX: SABK), parent of South Atlantic Bank, today reported net income of $1.3 million or $0.17 per diluted share for the three months ended March 31, 2019, compared to $801 thousand or $0.13 per diluted share reported for the same period […]

Year-End Earnings 2018

MYRTLE BEACH, SC, January 23, 2019 – South Atlantic Bancshares, Inc. (the “Company”) (OTCQX:SABK), announced today the results of its operations for the year ended December 31, 2018. Highlights include: Net operating return on average assets (a non-GAAP financial measure) of 0.80 percent for the year ended December 31, 2018, the best performance in Company […]

Third Quarter Earnings 2018

MYRTLE BEACH, SC, October 23, 2018  — South Atlantic Bancshares, Inc. (“South Atlantic”) (OTCQX:SABK), announced today the results of its operations for the third quarter ended September 30, 2018. Financial Highlights Net operating return on average assets (non-GAAP) of 0.78 percent for the nine months ended September 30, 2018, the best performance in company history. Net interest […]

Mid-Year Earnings 2018

MYRTLE BEACH, SC, July 25, 2018  — South Atlantic Bancshares, Inc. (“South Atlantic”) (OTCQX:SABK), announced today the results of its operations for the second quarter ended June 30, 2018. Financial Highlights Net operating return on average assets (non-GAAP) of 0.75 percent for the six months ending June 30, 2018, the best performance in company history. […]

First Quarter 2018 Earnings Grow 16.8 Percent

Myrtle Beach, South Carolina, April 16, 2018 – South Atlantic Bancshares, Inc. (the “Company”) (OTCQX: SABK), parent of South Atlantic Bank, today reported net income of $801,345 or $0.12 per diluted share for the three months ended March 31, 2018, compared to $686,134 or $0.10 per diluted share reported for the same period a year […]

Year-End 2017 Earnings Growth Caps 10th Anniversary Year

Myrtle Beach, South Carolina, January 30, 2018 – South Atlantic Bancshares, Inc. (the “Company”) (OTCQX: SABK), parent of South Atlantic Bank, today reported net income of $3,414,260 for the year ended December 31, 2017, compared to $2,603,928 for the same period a year ago. These figures represent a 31.1 percent increase in net income. Financial […]