South Atlantic Bancshares, Inc. Reports Earnings of $0.30 per Diluted Common Share for the Three Months Ended June 30, 2024
MYRTLE BEACH, S.C., July 25, 2024 /PRNewswire/ — South Atlantic Bancshares, Inc. (“South Atlantic” or the “Company”) (OTCQX: SABK), parent of South Atlantic Bank (the “Bank”), reported consolidated net income of $2.3 million, or $0.30 per diluted common share, for the second quarter of 2024, compared to $2.0 million, or $0.26 per diluted common share for the first quarter of 2024. The Company reported $4.3 million, or $0.56 per diluted common share, for the six months ended June 30, 2024, compared to $5.6 million, or $0.74 per diluted common share, for the six months ended June 30, 2023.
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