2019

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 […]