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South Atlantic Bancshares Q3 Net Income Rises 19% Year Over Year to $5.23 Million
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South Atlantic Bancshares Q3 Net Income Rises 19% Year Over Year to $5.23 Million
  • South Atlantic Bancshares’ third-quarter 2026 net income rose 19% year over year to $5.23 million.
  • Quarterly net interest income climbed 10% year over year to $16.08 million, primarily driven by organic loan growth.
  • Third-quarter provisions for credit losses fell 67% from the second quarter to $200,000.
  • Deposits increased 9% during the nine months ended September 30, 2026, to $1.69 billion compared with December 31, 2025.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. South Atlantic Bancshares Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610221601PR_NEWS_USPR_____CL78983) on October 22, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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