South Atlantic Bancshares, Inc. Reports Earnings of $0.41 per Diluted Common Share For the Three Months Ended March 31, 2023
MYRTLE BEACH, S.C., April 25, 2023 /PRNewswire/ — South Atlantic Bancshares, Inc. (“South Atlantic” or the “Company”) (OTCQX: SABK), parent of South Atlantic Bank (the “Bank”), reported consolidated net income of $3.1 million, or $0.41 per diluted common share, for the three months ended March 31, 2023, an increase of $1.1 million, or $0.15 per diluted common share, compared to the three months ended March 31, 2022.
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