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

SBNC Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	157.82	148.39	29.92	93.55
Depreciation & Amortization	5.88	5.9	6.04	7.38
Other Amortization	0.1	0.23	0.12	0.06
Gain (Loss) on Sale of Assets	0.08	1.2	-0.05	0.02
Gain (Loss) on Sale of Investments	-145.87	-135.61	19.32	-50.02
Provision for Credit Losses	0.79	-0.16	6.28	-0.82
Net Decrease (Increase) in Loans Originated / Sold - Operating	-8.16	-0.39	13.7	7.91
Accrued Interest Receivable	-1.02	-2.09	-2.65	0.18
Change in Other Net Operating Assets	-0.11	1.05	2.84	-0.73
Other Operating Activities	28.97	23.39	-10.24	3.35
Operating Cash Flow	38.06	41.42	63.72	55.95
Operating Cash Flow Growth	-8.12%	-34.99%	13.89%	89.01%
Capital Expenditures	-4.34	-2.79	-3.61	-7.4
Sale of Property, Plant and Equipment	0.05	0.95	0.17	0.39
Investment in Securities	75.1	115.58	-35.07	-674.16
Net Decrease (Increase) in Loans Originated / Sold - Investing	-138.97	-255.96	-406.3	-134.71
Other Investing Activities	3.92	-6.06	-6.94	0.78
Investing Cash Flow	-64.25	-148.15	-451.31	-814.64
Short-Term Debt Issued	-	17.43	144.39	8.41
Long-Term Debt Issued	-	60	-	88.82
Total Debt Issued	-	77.43	144.39	97.22
Short-Term Debt Repaid	-93	-	-	-
Long-Term Debt Repaid	-	-7.82	-	-23.71
Total Debt Repaid	-93	-7.82	-	-23.71
Net Debt Issued (Repaid)	-93	69.62	144.39	73.51
Issuance of Common Stock	0.15	-	-	-
Repurchase of Common Stock	-5.24	-6.69	-7.06	-3.73
Common Dividends Paid	-1.91	-1.94	-1.96	-1.6
Preferred Dividends Paid	-0.26	-0.26	-0.27	-0.27
Total Dividends Paid	-2.16	-2.2	-2.23	-1.87
Net Increase (Decrease) in Deposit Accounts	306.16	11.78	206.8	603.38
Financing Cash Flow	205.91	72.51	341.9	671.29
Net Cash Flow	179.72	-34.22	-45.68	-87.4
Free Cash Flow	33.71	38.63	60.11	48.55
Free Cash Flow Growth	-12.72%	-35.74%	23.80%	89.47%
Free Cash Flow Margin	11.10%	13.53%	44.55%	23.85%
Free Cash Flow Per Share	441.65	497.33	765.56	608.26
Cash Interest Paid	73.27	56.22	11.74	4.98
Cash Income Tax Paid	8.71	8.46	11.51	12.71

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.