Overview

* South Atlantic Q3 net income rises 18.9% quarter-over-quarter to $4.4 mln

* Company's Q3 EPS increases to $0.57, up from $0.48 in Q2

* Net interest income for Q3 rises 27.2% year-over-year to $14.6 mln

Outlook

* Company expects continued growth in deposits and lending pipelines in Q4 2025

* South Atlantic Bancshares ( SABK ) sees benefits from gradual interest rate decreases

* Company maintains confidence in strategic momentum entering Q4 2025

Result Drivers

* STRONG DEPOSIT AND LOAN ACTIVITY - Co cites robust deposit and loan activity across markets as key drivers of Q3 results

* BALANCE SHEET RESTRUCTURING - Targeted balance sheet restructuring in Q2 bolstered profitability, per CEO Wayne Wicker

* SEASONAL DEPOSIT RUNOFF - Modest quarterly decline in deposit balances due to seasonal runoff and reduced brokered funding

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.57

Q3 Net $4.40

Income mln

Q3 Net $14.6

Interest mln

Income

Q3 Net 3.28%

Interest

Margin

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 ( SABK ) is $19.00, about 9.8% above its October 21 closing price of $17.13

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)