South Atlantic Bancshares, Inc. Reports Earnings of $0.67 per Diluted Common Share for the Three Months Ended September 30, 2026
South Atlantic Bancshares reported Q3 2026 net income of $5.2 million, or $0.67 per diluted share, up 10.2% from the prior quarter and 19.3% year-over-year. Nine-month net income rose 26.7% to $14.4 million ($1.85 per diluted share), with net interest margin improving to 3.38% and tangible book value per share up 13.2% YoY to $18.67. Balance sheet growth remained solid: loans grew $82 million and deposits $136.5 million over nine months, with zero loans past due over 30 days and only one non-accrual loan. CEO K.
Key figures
- Eps
- 0.67
- Nim
- 3.38%
- Roaa
- 1.04%
- Total loans
- 1548486000
- Total assets
- 1994631000
- Net income 9m
- 14446000
- Net income q3
- 5230000
- Total deposits
- 1690862000
- Efficiency ratio
- 62.06%
- Net income 9m yoy
- 26.7%
- Net income yoy q3
- 19.3%
- Tangible book value per share
- 18.67
AI analysis
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