See more : bleuacacia ltd (BLEUR) 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)
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, Inc. (SABK) Q1 Earnings Match Estimates
South Atlantic Bancshares, Inc. Reports Earnings of $0.26 per Diluted Common Share for the Quarter Ended March 31, 2024
South Atlantic Bancshares (SABK) Moves to Strong Buy: Rationale Behind the Upgrade
South Atlantic Bancshares, Inc. Declares Cash Dividend
South Atlantic Bancshares, Inc. Reports Earnings of $1.32 per Diluted Common Share for the Year Ended December 31, 2023
South Atlantic Bank Named One of "America's Best Regional Banks and Credit Unions 2024" by Newsweek
South Atlantic Bancshares, Inc. (SABK) Surpasses Q3 Earnings and Revenue Estimates
South Atlantic Bancshares, Inc. Reports Earnings of $0.29 per Diluted Common Share For the Three Months Ended September 30, 2023
South Atlantic Bancshares, Inc. (SABK) Misses Q2 Earnings and Revenue Estimates
South Atlantic Bancshares, Inc. Reports Earnings of $0.33 per Diluted Common Share For the Three Months Ended June 30, 2023
Source: https://incomestatements.info
Category: Stock Reports