South Atlantic Bancshares 7/25/2024 Earnings Report

South Atlantic Bancshares EPS Results

• Actual EPS: $0.30
• Consensus EPS: $0.25
• Beat/Miss: Beat by +$0.05
• One Year Ago EPS: N/A

South Atlantic Bancshares Revenue Results

• Actual Revenue: $22.73 million
• Expected Revenue: $11.60 million
• Beat/Miss: Beat by +$11.13 million
• YoY Revenue Growth: N/A

South Atlantic Bancshares Announcement Details

• Date: 7/25/2024
• Time: After Market Closes
• Conference Call Date: N/A
• Conference Call Time: N/A

South Atlantic Bancshares (OTCMKTS:SABK) is the bank holding company for South Atlantic Bank, a Florida-based community bank that provides a comprehensive suite of financial services. The company operates through its subsidiary to offer personalized banking solutions designed for individuals, small businesses, and commercial clients. By focusing on relationship-driven banking, South Atlantic Bancshares aims to deliver tailored financial products that address the unique needs of its customers.

The company’s core offerings include a variety of deposit accounts, such as checking, savings and money market products, alongside lending solutions encompassing commercial real estate loans, construction financing, equipment loans and consumer mortgages. In addition, South Atlantic Bancshares provides treasury management services, online and mobile banking platforms and merchant services, enabling clients to efficiently manage cash flow, payments and digital transactions through an integrated digital interface.

Headquartered in Jacksonville, Florida, South Atlantic Bancshares maintains a network of branch locations and lending offices across the state’s Atlantic corridor, serving markets from Jacksonville and St. Augustine to Vero Beach, Fort Pierce and Titusville. The company is guided by an executive leadership team with extensive experience in banking and financial services, focusing on community engagement and supporting regional economic development through targeted lending and deposit initiatives.