South Atlantic Bancshares(OTC) SABK

South Atlantic Bancshares, Inc. operates as the bank holding company for South Atlantic Bank, providing a range of banking products and services to individuals and small businesses in the United States. Founded in 2007 and headquartered in Myrtle Beach, South Carolina, the company focuses on delivering personalized banking solutions in a growing regional market.

Products and Services

• Checking, savings, and money market accounts
• Personal, auto, and commercial loans
• Wealth management and cash management services

Growth Outlook

• Revenue increased to $25.58 million in Q1 2026
• Net income reached $4.47 million, reflecting strong operational efficiency
• Consistent growth in loan portfolio supports future revenue expansion

Financial Highlights

• Trailing twelve months (TTM) revenue of $102.5 million
• Net profit margin of 16.72% indicates effective cost management
• Return on equity (ROE) stands at 13.31%, showcasing strong profitability

South Atlantic Bancshares, Inc. has demonstrated a solid financial performance, with a TTM revenue of $102.5 million and a net profit margin of 16.72%. The company’s recent quarterly results show a revenue increase to $25.58 million in Q1 2026, alongside a net income of $4.47 million, highlighting effective operational management. The return on equity of 13.31% further emphasizes the company's ability to generate profits relative to shareholder equity. The diverse range of products and services offered, including various types of accounts and loans, positions South Atlantic Bancshares to cater to a broad customer base. The growth in the loan portfolio is expected to support future revenue expansion, making the company an interesting prospect for potential investors. With a focus on personalized banking solutions and a commitment to operational efficiency, South Atlantic Bancshares, Inc. is well-positioned for continued growth in the regional banking sector.