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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest Income on Loans	88.38	85.6	72.37	58.76	39.61	33.02
Interest Income on Investments	9.45	9.97	14.82	10.44	9.22	4.96
Total Interest Income	97.83	95.58	87.19	69.2	48.83	37.99
Interest Paid on Deposits	33.34	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	38.96	40.03	43.06	26.7	4.2	2.2
Net Interest Income	58.87	55.55	44.13	42.5	44.64	35.79
Net Interest Income Growth	18.41%	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	6.27	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	-1.17%	4.40%	23.26%	-0.01%	-49.81%	23.27%
Revenues Before Loan Losses	65.48	61.9	50.22	47.43	49.58	45.63
Provision for Loan Losses	1.95	2.07	1.43	0.76	1.95	1.32
Revenue	63.53	59.83	48.79	46.68	47.63	44.3
Revenue Growth	17.05%	22.64%	4.52%	-1.99%	7.50%	21.96%
Salaries and Employee Benefits	23.53	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	6.22	6.29	5.85	5.72	5.19	5.12
Other Non-Interest Expense	5.52	5.76	4.21	5.52	4.58	3.92
Total Non-Interest Expense	40.44	39.52	35.81	33.93	32.54	30.72
EBT Excluding Unusual Items	23.08	20.31	12.98	12.75	15.08	13.58
Pretax Income	23.08	20.31	12.98	12.75	15.08	13.58
Income Tax Expense	4.72	4.14	2.93	2.73	2.99	2.73
Net Income	18.36	16.17	10.06	10.02	12.09	10.85
Net Income to Common	18.36	16.17	10.06	10.02	12.09	10.85
Net Income Growth	43.49%	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	0.59%	0.39%	0.73%	-0.81%	0.81%	1.07%
EPS (Basic)	2.43	2.14	1.33	1.33	1.60	1.45
EPS (Diluted)	2.37	2.10	1.31	1.32	1.58	1.43
EPS Growth	42.76%	60.30%	-0.76%	-16.46%	10.49%	48.96%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share	0.100	0.100	0.100	-	-	-
Dividend Growth	0%	0%	-	-	-	-
Effective Tax Rate	20.46%	20.40%	22.55%	21.42%	19.82%	20.13%

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 17, 2026

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