South Atlantic Bancshares, Inc. Reports Earnings of $0.57 per Diluted Common Share for the Three Months Ended September 30, 2025

Financial Performance: South Atlantic Bancshares, Inc. reported a consolidated net income of $4.4 million for Q3 2025, an 18.9% increase from the previous quarter and a 68.3% increase year-over-year, with total assets rising to $1.9 billion.

Loan and Deposit Growth: The company experienced significant growth in total loans and deposits, with loans increasing by $87.6 million and deposits by $128 million over the nine months ending September 30, 2025.

Interest Income and Expenses: Net interest income rose by 27.2% to $14.6 million for Q3 2025, driven by higher loan yields, while interest expenses decreased due to lower rates on deposits and borrowings.

Credit Quality and Market Position: The bank maintained excellent credit quality with no non-accrual loans and a strong capital position, remaining above regulatory thresholds, while also benefiting from a strategic balance sheet restructuring.