South Atlantic Bancshares, Inc. (SABK) Income Statement Analysis

See more : Inflection Resources Ltd. (AUCUF) Income Statement Analysis – Financial Results

Complete financial analysis of South Atlantic Bancshares, Inc. (SABK) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of South Atlantic Bancshares, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.

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South Atlantic Bancshares, Inc. (SABK)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.southatlantic.bank

About South Atlantic Bancshares, Inc.

South Atlantic Bancshares, Inc. operates as the bank holding company for South Atlantic Bank that provides consumer and commercial banking products and services to individuals, small businesses, and corporations in South Carolina. The company offers checking, money market, and saving accounts, as well as certificate of deposit, individual retirement, and health saving accounts; personal, auto, and recreation loans, as well as home equity and ready reserve overdraft line of credits, and commercial lending products; and credit cards. It also provides cash management and merchant card services; remote deposit capture and automated clearing house services; online, mobile, and telephone banking services; personal and business checks; mortgage products and services; and wealth management services. As of February 3, 2022, the company operated twelve offices in Myrtle Beach, Carolina Forest, North Myrtle Beach, Murrells Inlet, Pawleys Island, Georgetown, Mount Pleasant, Charleston, Bluffton, Hilton Head Island, and Beaufort, South Carolina. South Atlantic Bancshares, Inc. was founded in 2007 and is headquartered in Myrtle Beach, South Carolina.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	46.68M	49.58M	45.63M	38.01M	31.67M	27.29M	21.56M	18.09M	15.61M	13.53M	11.98M	11.01M
Cost of Revenue	-27.99M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	74.67M	49.58M	45.63M	38.01M	31.67M	27.29M	21.56M	18.09M	15.61M	13.53M	11.98M	11.01M
Gross Profit Ratio	159.97%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	20.68M	20.96M	20.02M	17.70M	14.25M	12.37M	10.38M	8.48M	7.44M	6.63M	5.35M	4.62M
Selling & Marketing	1.33M	1.26M	1.02M	843.94K	746.76K	766.63K	640.86K	523.31K	486.96K	410.39K	312.63K	308.71K
SG&A	24.36M	22.22M	21.05M	18.55M	15.00M	13.14M	11.02M	9.01M	7.93M	7.04M	5.66M	4.93M
Other Expenses	0.00	-52.52M	-53.09M	-47.73M	-39.16M	-33.87M	-26.98M	-23.49M	-20.43M	-18.13M	-15.55M	-14.25M
Operating Expenses	24.36M	-30.30M	-32.05M	-29.18M	-24.17M	-20.03M	-15.96M	-14.49M	-12.50M	-11.09M	-9.88M	-9.32M
Cost & Expenses	24.36M	-30.30M	-32.05M	-29.18M	-24.17M	-20.03M	-15.96M	-14.49M	-12.50M	-11.09M	-9.88M	-9.32M
Interest Income	69.20M	48.83M	37.99M	33.58M	32.24M	26.66M	20.14M	16.51M	14.14M	13.01M	11.29M	10.00M
Interest Expense	26.70M	4.20M	2.20M	3.56M	5.43M	2.90M	1.69M	1.43M	1.16M	1.19M	1.31M	1.62M
Depreciation & Amortization	2.31M	1.15M	1.48M	1.01M	995.98K	933.99K	765.90K	750.17K	746.79K	579.15K	516.79K	515.83K
EBITDA	15.06M	16.23M	15.06M	9.84M	8.50M	5.30M	4.36M	4.35M	3.85M	0.00	0.00	0.00
EBITDA Ratio	32.27%	41.21%	33.01%	26.56%	27.74%	30.90%	29.54%	31.96%	32.12%	31.07%	32.73%	34.76%
Operating Income	22.32M	19.28M	13.58M	8.83M	7.51M	7.26M	5.60M	3.60M	3.11M	2.44M	2.09M	1.69M
Operating Income Ratio	47.82%	38.89%	29.76%	23.22%	23.70%	26.62%	25.99%	19.90%	19.90%	18.01%	17.47%	15.37%
Total Other Income/Expenses	-9.57M	-1.15M	-4.64M	-4.67M	-4.23M	-2.90M	-3.76M	0.00	0.00	-2.29M	-2.70M	0.00
Income Before Tax	12.75M	15.08M	13.58M	8.83M	7.51M	4.37M	3.91M	3.60M	3.11M	2.44M	2.09M	1.69M
Income Before Tax Ratio	27.31%	30.43%	29.76%	23.22%	23.70%	16.01%	18.14%	19.90%	19.90%	18.01%	17.47%	15.37%
Income Tax Expense	2.73M	2.99M	2.73M	1.63M	1.44M	911.63K	495.99K	994.55K	865.22K	432.88K	447.17K	-868.83K
Net Income	10.02M	12.09M	10.85M	7.20M	6.07M	3.46M	3.41M	2.60M	2.24M	2.00M	1.64M	2.56M
Net Income Ratio	21.46%	24.39%	23.77%	18.93%	19.15%	12.67%	15.84%	14.40%	14.36%	14.81%	13.73%	23.26%
EPS	1.33	1.60	1.45	0.96	0.81	0.48	0.55	0.62	0.59	0.55	0.45	0.70
EPS Diluted	1.32	1.58	1.43	0.96	0.80	0.47	0.53	0.60	0.57	0.54	0.44	0.70
Weighted Avg Shares Out	7.55M	7.57M	7.49M	7.48M	7.50M	7.18M	5.81M	4.21M	3.80M	3.68M	3.67M	3.66M
Weighted Avg Shares Out (Dil)	7.61M	7.67M	7.61M	7.53M	7.60M	7.31M	6.02M	4.36M	3.94M	3.75M	3.72M	3.66M

South Atlantic Bancshares (SABK) is on the Move, Here's Why the Trend Could be Sustainable

November 13, 2024zacks.com

South Atlantic Bancshares (SABK) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price...

Trump's Win and Rate Cut to Benefit Small Businesses: 5 Top Picks

November 8, 2024zacks.com

Trump's win and rate cut should benefit small businesses to a good extent. Five small-cap stocks to buy are: PBAM, MAX, TCMD, TZOO, SABK.

Wicker Elected Treasurer of American Bankers Association Board of Directors

October 29, 2024prnewswire.com

MYRTLE BEACH, S.C. , Oct. 29, 2024 /PRNewswire/ -- K.

South Atlantic Bancshares, Inc. (SABK) Beats Q3 Earnings and Revenue Estimates

October 23, 2024zacks.com

South Atlantic Bancshares, Inc. (SABK) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.29 per share a year ago.

South Atlantic Bancshares, Inc. Reports Earnings of $0.34 per Diluted Common Share for the Three Months Ended September 30, 2024

October 23, 2024prnewswire.com

MYRTLE BEACH, S.C. , Oct. 23, 2024 /PRNewswire/ -- South Atlantic Bancshares, Inc. ("South Atlantic" or the "Company") (OTCQX: SABK), parent of South Atlantic Bank (the "Bank"), reported consolidated net income of $2.6 million, or $0.34 per diluted common share,...

Wicker Nominated for Treasurer of American Bankers Association Board of Directors

September 17, 2024prnewswire.com

MYRTLE BEACH, S.C. , Sept. 17, 2024 /PRNewswire/ -- K.

What Makes South Atlantic Bancshares (SABK) a New Buy Stock

August 2, 2024zacks.com

South Atlantic Bancshares (SABK) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

South Atlantic Bancshares, Inc. (SABK) Beats Q2 Earnings and Revenue Estimates

July 25, 2024zacks.com

South Atlantic Bancshares, Inc. (SABK) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.33 per share a year ago.

South Atlantic Bancshares, Inc. Reports Earnings of $0.30 per Diluted Common Share for the Three Months Ended June 30, 2024

July 25, 2024prnewswire.com

MYRTLE BEACH, S.C., July 25, 2024 /PRNewswire/ -- South Atlantic Bancshares, Inc. ("South Atlantic" or the "Company") (OTCQX: SABK), parent of South Atlantic Bank (the "Bank"), reported consolidated net income of $2.3 million, or $0.30 per diluted common share, for the second...

South Atlantic Bancshares, Inc. Announces Authorization of Stock Repurchase Program

May 20, 2024prnewswire.com

MYRTLE BEACH, S.C. , May 20, 2024 /PRNewswire/ -- South Atlantic Bancshares, Inc. ("South Atlantic" or the "Company") (OTCQX: SABK), parent of South Atlantic Bank (the "Bank"), today announced that the board of directors of the Company (the "Board") has...

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Source: https://incomestatements.info
Category: Stock Reports

South Atlantic Bancshares, Inc. (SABK) Income Statement Analysis – Financial Results

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