South Atlantic Bancshares Q2 FY26 net income rises 6.2% to $4.7 million quarter over quarter; diluted EPS climbs 5.2% to $0.61 quarter over quarter

Reuters2026/07/23 20:06

By:Reuters

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South Atlantic Bancshares posted Q2 net income of $4.7 million, up 6.2% from Q1, translating to diluted EPS of $0.61.
Total assets climbed $50.3 million to $1.98 billion from March 31; loans rose $61.9 million to $1.54 billion, deposits increased $82.2 million to $1.68 billion.
Net interest margin widened 12 basis points to 3.36% from Q1; cost of funds eased 6 basis points to 2.19%.
Chairman and CEO K. Wayne Wicker cited strong balance-sheet growth, deposit gains outpacing loans, and improved profitability measures, while noting benign credit indicators.

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: 202607231601PR_NEWS_USPR_____CL11204) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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South Atlantic Bancshares Q2 FY26 net income rises 6.2% to $4.7 million quarter over quarter; diluted EPS climbs 5.2% to $0.61 quarter over quarter

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