South Atlantic Bancshares, Inc. (SABK)

South Atlantic Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	87.03	85.6	72.37	58.76	39.61	33.02
Interest Income on Investments	9.52	9.97	14.82	10.44	9.22	4.96
Total Interest Income	96.55	95.58	87.19	69.2	48.83	37.99
Interest Paid on Deposits	33.9	34.4	34.06	20.82	2.87	2.15
Interest Paid on Borrowings	5.62	5.62	9	5.88	1.33	0.05
Total Interest Expense	39.53	40.03	43.06	26.7	4.2	2.2
Net Interest Income	57.03	55.55	44.13	42.5	44.64	35.79
Net Interest Income Growth (YoY)	21.75%	25.87%	3.85%	-4.80%	24.73%	19.18%
Gain (Loss) on Sale of Investments	-0.32	-0.32	-	0	-0.73	1.12
Other Non-Interest Income	6.24	6.21	5.72	4.37	5.34	8.42
Total Non-Interest Income	6.6	6.35	6.09	4.94	4.94	9.84
Non-Interest Income Growth (YoY)	3.77%	4.40%	23.26%	-0.01%	-49.81%	23.27%
Revenues Before Loan Losses	63.62	61.9	50.22	47.43	49.58	45.63
Provision for Loan Losses	1.98	2.07	1.43	0.76	1.95	1.32
Revenue	61.65	59.83	48.79	46.68	47.63	44.3
Revenue Growth (YoY)	19.60%	22.64%	4.52%	-1.99%	7.50%	21.96%
Salaries and Employee Benefits	22.9	22.31	20.81	19.12	19.59	18.87
Occupancy Expenses	3.77	3.77	3.61	2.5	2.3	2.09
Federal Deposit Insurance	1.4	1.4	1.33	1.06	0.87	0.73
Selling, General & Administrative	6.24	6.29	5.85	5.72	5.19	5.12
Other Non-Interest Expense	5.63	5.76	4.21	5.52	4.58	3.92
Total Non-Interest Expense	39.94	39.52	35.81	33.93	32.54	30.72
EBT Excluding Unusual Items	21.71	20.31	12.98	12.75	15.08	13.58
Pretax Income	21.71	20.31	12.98	12.75	15.08	13.58
Income Tax Expense	4.41	4.14	2.93	2.73	2.99	2.73
Net Income	17.3	16.17	10.06	10.02	12.09	10.85
Net Income to Common	17.3	16.17	10.06	10.02	12.09	10.85
Net Income Growth	51.94%	60.78%	0.37%	-17.16%	11.49%	50.73%
Basic Shares Outstanding	8	8	8	8	8	7
Diluted Shares Outstanding	8	8	8	8	8	8
Shares Change (YoY)	0.56%	0.39%	0.73%	-0.81%	0.81%	1.07%
EPS (Basic)	2.29	2.14	1.33	1.33	1.60	1.45
EPS (Diluted)	2.25	2.10	1.31	1.32	1.58	1.43
EPS Growth	52.00%	60.30%	-0.76%	-16.46%	10.49%	48.96%
Dividend Per Share	0.100	0.100	0.100	-	-	-
Effective Tax Rate	20.32%	20.40%	22.55%	21.42%	19.82%	20.13%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.