<a href="https://laohu8.com/S/SABK">South Atlantic Bancshares</a> Inc. reports Q3 net income of $4.4 million and diluted EPS of $0.57
South Atlantic Bancshares Inc. reported net income of $4.4 million for the third quarter of 2025, up from $3.7 million in the previous quarter. For the nine months ended September 30, 2025, net income totaled $11.4 million, an increase from $6.9 million for the same period in 2024. Net interest income for the third quarter of 2025 was $14.6 million, compared to $11.5 million for the third quarter of 2024. Interest income from loans reached $22.3 million, up from $18.5 million for the same period in the prior year. Noninterest income for the third quarter of 2025 included $221,000 in service charges and fees, $555,000 in secondary mortgage income, and $668,000 in merchant and interchange income. Total equity as of September 30, 2025, was $128.6 million. Total shares outstanding were 7,469,563. For the nine months ended September 30, 2025, diluted earnings per share were $1.48, compared to $0.90 for the same period in 2024.
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