MYRTLE BEACH, S.C., Jan. 24, 2023 /PRNewswire/ -- South Atlantic Bancshares, Inc. ("South Atlantic" or the "Company") (OTCQX:SABK), parent of South Atlantic Bank (the "Bank"), reported consolidated net income of $12.1 million, or $1.57 per diluted common share, for the year ended December 31, 2022, an increase of $1.2 million, or $0.15 per diluted common share, compared to the year ended December 31, 2021. Consolidated net income totaled $4.0 million, or $0.52 per diluted common share for the quarter ended December 31, 2022, an increase of $1.7 million, or $0.23 per diluted common share, compared to the quarter ended December 31, 2021.
Read more at prnewswire.comSouth Atlantic Bancshares, Inc. Reports Record Earnings of $1.57 per Diluted Common Share for the Year Ended December 31, 2022
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