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Third Quarter 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, … Continue reading “Third Quarter Earnings Reflect Continued Growth”
Mid-Year 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, … Continue reading “Mid-Year Earnings Grow 313 Percent”
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 … Continue reading “Earnings Grow 59 Percent”
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 … Continue reading “Year End Earnings 2018”
