South Atlantic Bancshares, Inc. Reports Earnings of $0.61 per Diluted Common Share for the Three Months Ended June 30, 2026
South Atlantic Bancshares reported Q2 2026 diluted EPS of $0.61 on net income of $4.7 million, up from $0.58 in the prior quarter. Total assets grew to $2.0 billion during the period, driven by a 4.2% quarter-over-quarter increase in total loans and strong deposit growth. The net interest margin expanded by 12 basis points to 3.36% as the cost of funds decreased six basis points compared to the first quarter of 2026. Management highlighted strong organic loan growth and improved profitability measures.
Key figures
- Eps
- 0.61
- Net income
- $4.7 million
- Total loans
- $1.5 billion
- Total assets
- $2.0 billion
- Dividend paid
- $750.0 thousand
- Total deposits
- $1.7 billion
- Net interest income
- $15.2 million
- Net interest margin
- 3.36%
AI analysis
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