Q3 EPS Climbs to $0.67 as Margin Expands and Deposits Swell $136.5M
SABK sits 54% above its 52-week low of $15.7 on light trading volume (0.3× avg).
Summary
South Atlantic Bancshares earned $5.2M in Q3 2026, or $0.67 per diluted share, up from $0.61 in Q2. Net interest income of $16.1M rose 10.4% year over year as the net interest margin ticked up 2 bps to 3.38%. Deposits grew $136.5M year to date (+8.8%) while borrowings fell $75.0M (-41.7%), cutting wholesale funding costs. Credit looks clean: one non-accrual loan and no loans more than 30 days past due. For a thinly traded OTC bank with a modest market cap, sequential EPS acceleration plus a stable-to-widening margin is the kind of fundamental improvement that can support a re-rating.
At the time of this announcement, SABK was trading at $24.22 on OTC in the Finance sector, with a market capitalization of approximately $184.9M. The 52-week trading range was $15.70 to $26.39. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.