Southern BancShares (N.C.), Inc. (SBNC)

SBNC Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	158.68	158.68	134.55	106.54	100.65	99.47
Interest Income on Investments	50.03	38.94	35.39	34.43	22.39	18.67
Total Interest Income	208.71	197.62	169.94	140.96	123.04	118.14
Interest Paid on Deposits	55.89	59.17	38.95	6.56	2.26	5.75
Interest Paid on Borrowings	12.96	12.96	12.9	4.62	2.86	2.45
Total Interest Expense	68.84	72.13	51.84	11.18	5.12	8.2
Net Interest Income	139.87	125.49	118.1	129.78	117.92	109.93
Net Interest Income Growth (YoY)	18.07%	6.26%	-9.00%	10.06%	7.27%	12.21%
Gain (Loss) on Sale of Investments	64.21	148.01	139.55	-16.06	55.26	14.58
Other Non-Interest Income	21.91	22.33	19.36	17.88	17.79	13.76
Total Non-Interest Income	94.75	178.96	167.31	11.42	84.85	41.11
Non-Interest Income Growth (YoY)	-17.46%	6.97%	1365.56%	-86.55%	106.42%	-24.88%
Revenues Before Loan Losses	234.61	304.45	285.41	141.2	202.77	151.04
Provision for Loan Losses	0.63	0.79	-0.16	6.28	-0.82	9.12
Revenue	233.99	303.66	285.57	134.92	203.58	141.92
Revenue Growth (YoY)	0.28%	6.33%	111.66%	-33.73%	43.45%	-6.14%
Salaries and Employee Benefits	62.65	62.65	60.2	57.84	54.33	50.04
Occupancy Expenses	6.28	6.28	6.38	6.42	6.33	6.1
Federal Deposit Insurance	2.44	2.44	2.38	1.42	1.23	0.72
Amortization of Goodwill & Intangibles	1.05	1.05	1.2	1.11	1.67	1.6
Selling, General & Administrative	22.21	22.21	19.89	19.39	17.94	17.99
Other Non-Interest Expense	11.53	8.99	10.56	9.3	6.94	7.62
Total Non-Interest Expense	106.15	103.61	100.61	95.48	88.43	85.84
EBT Excluding Unusual Items	127.84	200.05	184.96	39.44	115.15	56.08
Other Unusual Items	-	-	2.18	-	-	-
Pretax Income	127.84	200.05	187.14	39.44	115.15	56.08
Income Tax Expense	27.04	42.22	38.75	9.52	21.6	11.45
Net Income	100.8	157.82	148.39	29.92	93.55	44.64
Preferred Dividends & Other Adjustments	0.26	0.26	0.26	0.27	0.27	0.57
Net Income to Common	100.54	157.57	148.13	29.65	93.28	44.07
Net Income Growth	-3.48%	6.36%	395.97%	-68.02%	109.58%	-21.52%
Basic Shares Outstanding	0	0	0	0	0	0
Diluted Shares Outstanding	0	0	0	0	0	0
Shares Change (YoY)	-0.51%	-1.72%	-1.08%	-1.63%	-0.87%	-0.76%
EPS (Basic)	1312.58	2064.11	1907.08	377.64	1168.54	547.29
EPS (Diluted)	1312.58	2064.11	1907.08	377.64	1168.54	547.29
EPS Growth	-2.99%	8.23%	405.00%	-67.68%	113.51%	-19.67%
Dividend Per Share	18.750	25.000	25.000	25.000	20.000	15.000
Dividend Growth	-25.00%	-	-	25.00%	33.33%	50.00%
Effective Tax Rate	21.15%	21.11%	20.71%	24.14%	18.76%	20.41%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.