SABK - South Atlantic Bancshares GAAP EPS of $0.41 revenue of $12.64M

2023-04-25 17:12:19 ET

• South Atlantic Bancshares press release ( OTCQX:SABK ): Q1 GAAP EPS of $0.41.
• Revenue of $12.64M (+20.6% Y/Y).
• Net income for first quarter of 2023 totaled $3.1 million, a 55.7 percent increase over first quarter 2022
• Interest income increased $5.3 million or 53.0 percent compared to the first quarter of 2022
• Total assets increased $68.3 million during the quarter to $1.5 billion, a 19.2 percent annualized increase
• Total loans increased $45.9 million during the quarter, an 18.4 percent annualized increase
• Total deposits increased $40.1 million during the quarter to $1.3 billion, a 13.2 percent annualized increase

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