- South Atlantic Bancshares press release ( OTCQX:SABK ): Q4 GAAP EPS of $0.52.
- Revenue of $13.61M (+22.4% Y/Y).
-
Year-End 2022 Financial Highlights:
-
Net income in 2022 totaled $12.1 million, an 11.5 percent increase over 2021 annual results.
-
Loan interest income, excluding fees, increased $9.2 million in 2022, or 32.2 percent when compared to 2021.
-
Total assets as of December 31, 2022 reached $1.4 billion, a 14.5 percent increase year-over-year.
-
Total gross loans grew 36.6 percent during 2022, ending the year totaling $1.0 billion.
-
Total deposits were $1.2 billion at December 31, 2022, a 12.4 percent increase year-over-year.
For further details see:
South Atlantic Bancshares GAAP EPS of $0.52, revenue of $13.61M