South Atlantic Bancshares Q3 Net Income Rises 19% Year Over Year to $5.23 Million

Bitget2026/10/22 20:02

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South Atlantic Bancshares’ third-quarter 2026 net income rose 19% year over year to $5.23 million.
Quarterly net interest income climbed 10% year over year to $16.08 million, primarily driven by organic loan growth.
Third-quarter provisions for credit losses fell 67% from the second quarter to $200,000.
Deposits increased 9% during the nine months ended September 30, 2026, to $1.69 billion compared with December 31, 2025.

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: 202610221601PR_NEWS_USPR_____CL78983) on October 22, 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 Q3 Net Income Rises 19% Year Over Year to $5.23 Million

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