SABK Stock - South Atlantic Bancshares, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $93.28M | $74.14M | $53.77M | $47.83M | $41.57M |
| Gross Profit | $48.79M | $46.68M | $47.63M | $44.30M | $36.32M |
| Gross Margin | 52.3% | 63.0% | 88.6% | 92.6% | 87.4% |
| Operating Income | $18.51M | $12.75M | $15.08M | $13.58M | $8.83M |
| Net Income | $10.06M | $10.02M | $12.09M | $10.85M | $7.20M |
| Net Margin | 10.8% | 13.5% | 22.5% | 22.7% | 17.3% |
| EPS | $1.33 | $1.33 | $1.60 | $1.45 | $0.96 |
South Atlantic Bancshares, Inc. operates as the bank holding company for South Atlantic Bank that provides consumer and commercial banking products and services to individuals, small businesses, and corporations in South Carolina. The company offers checking, money market, and saving accounts, as well as certificate of deposit, individual retirement, and health saving accounts; personal, auto, and recreation loans, as well as home equity and ready reserve overdraft line of credits, and commercial lending products; and credit cards. It also provides cash management and merchant card services; remote deposit capture and automated clearing house services; online, mobile, and telephone banking services; personal and business checks; mortgage products and services; and wealth management services. As of February 3, 2022, the company operated twelve offices in Myrtle Beach, Carolina Forest, North Myrtle Beach, Murrells Inlet, Pawleys Island, Georgetown, Mount Pleasant, Charleston, Bluffton, Hilton Head Island, and Beaufort, South Carolina. South Atlantic Bancshares, Inc. was founded in 2007 and is headquartered in Myrtle Beach, South Carolina.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 3rd 2024 | Janney | Upgrade | Buy | $19 |
| November 19th 2024 | Janney | Downgrade | Neutral | - |
| November 12th 2024 | Janney | Upgrade | Buy | $17.25 |
| May 1st 2023 | Janney | Downgrade | Neutral | $14← $16 |
| November 10th 2022 | Janney | Upgrade | Buy | $16 |
Earnings History & Surprises
SABKEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 22, 2026 | — | — | — | — |
Q1 2026 | Jan 22, 2026 | $0.56 | — | — | — |
Q4 2025 | Oct 23, 2025 | $0.50 | $0.57 | +14.0% | ✓ BEAT |
Q3 2025 | Jul 24, 2025 | $0.45 | $0.48 | +6.7% | ✓ BEAT |
Q2 2025 | Apr 24, 2025 | $0.40 | $0.43 | +7.5% | ✓ BEAT |
Q1 2025 | Jan 23, 2025 | $0.39 | $0.41 | +5.1% | ✓ BEAT |
Q4 2024 | Oct 23, 2024 | $0.31 | $0.34 | +9.7% | ✓ BEAT |
Q3 2024 | Jul 25, 2024 | $0.25 | $0.30 | +20.0% | ✓ BEAT |
Q2 2024 | Apr 23, 2024 | $0.27 | $0.26 | -3.7% | ✗ MISS |
Q1 2024 | Jan 25, 2024 | $0.26 | $0.29 | +11.5% | ✓ BEAT |
Q4 2023 | Oct 26, 2023 | $0.28 | $0.29 | +3.6% | ✓ BEAT |
Q3 2023 | Jul 25, 2023 | $0.34 | $0.33 | -2.9% | ✗ MISS |
Q2 2023 | Apr 25, 2023 | $0.36 | $0.41 | +13.9% | ✓ BEAT |
Q1 2023 | Jan 24, 2023 | $0.47 | $0.52 | +10.6% | ✓ BEAT |
Q4 2022 | Oct 18, 2022 | $0.41 | $0.47 | +14.6% | ✓ BEAT |
Q3 2022 | Jul 19, 2022 | $0.30 | $0.33 | +10.0% | ✓ BEAT |
Q2 2022 | Apr 19, 2022 | $0.23 | $0.26 | +13.0% | ✓ BEAT |
Q1 2022 | Jan 19, 2022 | $0.33 | $0.29 | -12.1% | ✗ MISS |
Q4 2021 | Oct 19, 2021 | $0.30 | $0.34 | +13.3% | ✓ BEAT |
Q3 2021 | Jul 20, 2021 | $0.38 | $0.32 | -15.8% | ✗ MISS |
Latest News
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