South Atlantic Bancshares, Inc. Reports Earnings of $1.32 per Diluted Common Share for the Year Ended December 31, 2023

MYRTLE BEACH, S.C., Jan. 25, 2024 /PRNewswire/ -- South Atlantic Bancshares, Inc. ("South Atlantic" or the "Company") (OTCQX: SABK), parent of South Atlantic Bank (the "Bank"), reported consolidated net income of $2.2 million, or $0.29 per diluted common share, for the three months ended December 31, 2023 and  $10.0 million, or $1.32 per diluted common share, for the twelve months ended December 31, 2023.   

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