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South Atlantic Bancshares, Inc Reports Earnings of $0 32 per Diluted Common Share For the Three Months Ended June 30, 2021

South Atlantic Bancshares, Inc Reports Earnings of $0 32 per Diluted Common Share For the Three Months Ended June 30, 2021
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South Atlantic Bancshares, Inc Announces Authorization of a Stock Repurchase Program

Share this article Share this article MYRTLE BEACH, S.C., May 11, 2021 /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 SABK (the Board ) has re-authorized a stock repurchase program pursuant to which the Company may, from time to time, purchase up to five percent of its outstanding shares of common stock. The shares may be repurchased from time to time in privately negotiated transactions or the open market, including pursuant to Rule 10b5-1 trading plans, and in accordance with applicable regulations of the SEC. The timing and exact amount of any repurchases will depend on various factors including, the performance of the Company s stock price, general market and other conditions, applicable legal requirements and other factors. The stock repurchase program has an expiration date of March 31, 2022. The stock repurchase program may be term

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South Atlantic Bancshares, Inc Reports Earnings of $0 46 per Diluted Common Share For the Three Months Ended March 31, 2021

Share this article Share this article MYRTLE BEACH, S.C., April 20, 2021 /PRNewswire/ South Atlantic Bancshares, Inc. ( South Atlantic or the Company ) (OTCQX: SABK), parent of South Atlantic Bank (the Bank ), reported consolidated net income of $3.5 million, or $0.46 per diluted common share, for the three months ended March 31, 2021, an increase of $1.7 million, or $0.22 per diluted common share, compared to the fourth quarter of 2020. This was a significant quarter for our Company as we reached over $1 billion in total assets, achieved record earnings, and opened our 11 th branch location in Hilton Head Island, South Carolina, said K. Wayne Wicker, Chairman and Chief Executive Officer of South Atlantic. As in prior quarters, our bankers continue to assist local businesses through the Small Business Administration s (the SBA ) Paycheck Protection Program (the PPP ), which continued to drive growth in assets, earnings, and customers in the first quarter of 2021. We ha

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South Atlantic Bancshares, Inc Reports Earnings of 95 cents per Diluted Common Share For the Year Ended December 31, 2020

Share this article Share this article MYRTLE BEACH, S.C., Jan. 26, 2021 /PRNewswire/ South Atlantic Bancshares, Inc. ( South Atlantic or the Company ) (OTCQX: SABK), parent of South Atlantic Bank (the Bank ), today reported net income of $7.2 million, or $0.95 per diluted common share, for the year ended December 31, 2020, compared to $6.1 million, or $0.80 per diluted common share, reported for the year ended December 31, 2019. Net income for the three months ended December 31, 2020 totaled $1.8 million, or $0.24 per diluted common share, compared to $1.3 million or $0.17 per diluted common shares, reported for the three months ended December 31, 2019. During the fourth quarter of 2020, net income attributable to the Company s participation in the Small Business Administration ( SBA ) Paycheck Protection Program ( PPP ), created under the Coronavirus Aid, Relief, and Economic Security Act, was $898 thousand.

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