2018

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 […]