South Atlantic Bancshares 2025 net income rises 60.8%

Overview

• U.S. bank's Q4 net income rose 8.7% quarter-over-quarter, 50.3% year-over-year

• Full-year net income increased 60.8% to $16.2 mln

• Total assets grew 7.3% to $1.9 bln in 2025

Outlook

• Company is encouraged by positive trajectory supported by robust credit quality and healthy pipelines

• South Atlantic Bancshares did not provide specific financial guidance for future periods

Result Drivers

• LOAN GROWTH - Increased yields and organic growth in loan portfolio drove higher interest income

• INTEREST EXPENSE REDUCTION - Lower interest rates on deposits and borrowings helped reduce interest expenses

• CREDIT QUALITY - Maintained excellent credit quality with no non-performing assets

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "strong buy"

• The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for South Atlantic Bancshares Inc is $21.00, about 7.1% above its January 21 closing price of $19.60

Press Release: ID:nPn6179mNa

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