SABK - South Atlantic Bancshares GAAP EPS of $0.47 beats by $0.06 revenue of $13.51M beats by $0.17M

• South Atlantic Bancshares press release ( OTCQX:SABK ): Q3 GAAP EPS of $0.47 beats by $0.06 .
• Revenue of $13.51M (+22.2% Y/Y) beats by $0.17M .
• Net income for the third quarter of 2022 totaled $3.6 million, a 44.7 percent increase over the second quarter of 2022 and a 39.4 percent increase over the third quarter of 2021.
• Loan interest income, excluding fees, for the third quarter of 2022 increased $3.1 million, or 43.9 percent when compared to the same period in 2021.
• Total assets as of September 30, 2022 equaled $1.4 billion, an 11.5 percent increase year-to-date and 17.9 percent increase year-over-year.
• Total loans, excluding provision for loan losses, increased to $948.0 million at September 30, 2022, a 29.2 percent increase year-to-date and 33.8 percent increase year-over-year.

For further details see: