Core Viewpoint - South Atlantic Bancshares, Inc. has declared a cash dividend of $0.10 per share, marking its fourth consecutive annual cash dividend, reflecting a strong performance in 2025 and positive momentum entering 2026 [1][2]. Company Overview - South Atlantic Bancshares, Inc. is a registered bank holding company based in Myrtle Beach, South Carolina, with total assets of approximately $1.9 billion as of December 31, 2025 [2]. - The company's banking subsidiary, South Atlantic Bank, operates twelve locations across the coastal area of South Carolina and provides a full range of personalized community banking services [2]. Services Offered - South Atlantic Bank offers various consumer and commercial banking products, including mortgage services, treasury management, mobile banking through South Atlantic Bank goMobile, internet banking, no-fee ATM access, checking accounts, certificates of deposit, money market accounts, and merchant services [2]. Investor Information - The company maintains an investor relations section on its website, providing access to annual meeting materials, annual reports, and quarterly earnings reports free of charge [3]. - Important information for investors is routinely posted on the company's website, which is used to disclose material non-public information and comply with OTC Markets Group rules [4].

Core Viewpoint - South Atlantic Bancshares, Inc. has appointed Jason Caskey to its Board of Directors, effective January 20, 2026, where he will also serve on the Audit Committee [1][4]. Group 1: Appointment Details - Jason Caskey has been the President and CEO of the University of South Carolina Foundations since 2018, leading both the USC Educational Foundation and the USC Development Foundation [2]. - Caskey is a certified public accountant with 28 years of experience in audit and advisory services for financial institutions in the Southeast [2]. - He has held leadership roles in various organizations, including Vice Chair of the Board of Directors and Chair of the Audit Committee at the SC Student Loan Corporation [3]. Group 2: Company Overview - South Atlantic Bancshares, Inc. is a registered bank holding company based in Myrtle Beach, South Carolina, with approximately $1.9 billion in total assets as of December 31, 2025 [5]. - The company's banking subsidiary, South Atlantic Bank, operates twelve locations across the coastal area of South Carolina, providing personalized community banking services [5]. - Services offered by South Atlantic Bank include a full range of consumer and commercial banking products, such as mortgage and treasury management, along with mobile and internet banking options [5].

Core Viewpoint - South Atlantic Bancshares, Inc. reported strong financial performance for the fourth quarter and full year of 2025, with record net income and significant growth in key financial metrics, indicating a robust banking strategy and effective balance sheet management [1][3]. Financial Highlights - The company achieved consolidated net income of $4.8 million, or $0.62 per diluted common share, for Q4 2025, up from $4.4 million, or $0.57 per diluted common share, in Q3 2025 [1][5]. - For the year ended December 31, 2025, net income totaled $16.2 million, a 60.8% increase from $10.1 million in 2024 [5][6]. - Return on average assets for Q4 2025 was 1.02%, while return on average equity was 14.25% [5][25]. Balance Sheet Performance - Total assets increased by $130 million to $1.9 billion, a 7.3% rise from the previous year [13][6]. - Total loans grew by $127.5 million, or 9.5%, and total deposits increased by $93.7 million, or 6.4%, year-over-year [6][14]. - Tangible book value per share rose by $2.58, or 18.0%, to $16.88 as of December 31, 2025 [16][15]. Income and Expense Analysis - Net interest income for Q4 2025 increased by $2.7 million, or 22.5%, compared to Q4 2024, driven by higher interest income from loans [7][8]. - Noninterest income decreased by $217,000, or 11.5%, in Q4 2025 compared to Q4 2024, primarily due to a decline in other income [9][10]. - Noninterest expense increased by $494,000, or 5.3%, in Q4 2025 compared to the same period in 2024, mainly due to higher salaries and employee benefits [9][10]. Credit Quality - The company reported no loans classified as non-accrual and no loans past due greater than 30 days as of December 31, 2025, indicating strong credit quality [21][22]. - A provision for credit losses of $600,000 was recorded in Q4 2025, compared to $450,000 in Q3 2025 [21][22]. Regulatory Capital Position - The bank's capital position remains strong, with a total risk-based capital ratio of 12.18% and a leverage ratio of 9.19% as of December 31, 2025, exceeding regulatory requirements [26].

Core Insights - An active investing strategy focuses on identifying breakout stocks that trade within specific price ranges, with investors selling when prices fall below the lower band and holding when they break above the upper band for potential gains [1] Breakout Stock Selection - To identify breakout stocks, it is essential to calculate support and resistance levels, where support is the lower bound and resistance is the upper bound of stock movements [2] - Demand for a stock is lowest at the support level, while traders are more inclined to buy at the resistance level, indicating potential breakout candidates [3] Validating Breakouts - A genuine breakout occurs when the previous resistance level becomes the new support level, which can be confirmed through long-term price trend analysis [5] - Correct identification of breakout stocks can lead to significant returns, even if initial prices seem unattractive [5] Screening Criteria - The screening criteria for breakout stocks include: - A percentage price change over four weeks between 10% and 20% [6] - Current Price / 52-Week High greater than or equal to 0.9 [6] - Zacks Rank less than or equal to 2 [6] - Beta for 60 months less than or equal to 2 [7] - Current price less than or equal to $20 [7] - These criteria narrow down the stock universe to 19 candidates, with South Atlantic Bancshares, Crexendo, and Hecla Mining being the top three [7] Company Profiles - **South Atlantic Bancshares**: Holding company for South Atlantic Bank, expected earnings growth rate of 55.7% for the current year, Zacks Rank 1 [8] - **Crexendo**: Provides cloud communication services, expected earnings growth rate of 26.9% for the current year, Zacks Rank 2 [9] - **Hecla Mining**: Engages in precious and base metals production, expected earnings growth rate of 245.5% for the current year, Zacks Rank 2 [10]

Core Viewpoint - South Atlantic Bancshares, Inc. (SABK) has shown significant stock performance, with an 18.3% increase over the past month and a 25.5% gain since the beginning of the year, outperforming both the Zacks Finance sector and the Zacks Banks - Southeast industry [1][2]. Financial Performance - The company has consistently exceeded earnings expectations, reporting an EPS of $0.57 against a consensus estimate of $0.50 in its latest earnings report on October 23, 2025, and beating revenue estimates by 5.56% [2]. - For the current fiscal year, SABK is projected to achieve earnings of $2.04 per share on revenues of $62 million, reflecting a 55.73% increase in EPS and a 23.46% increase in revenues [3]. - The forecast for the next fiscal year indicates an expected EPS of $2.20 on revenues of $66.9 million, representing year-over-year changes of 7.84% and 7.9%, respectively [3]. Valuation Metrics - SABK's current trading valuation is at 9.8 times the current fiscal year EPS estimates, which is below the peer industry average of 10.5 times, indicating it may not be in the top tier from a value perspective [6]. - The company has a Value Score of C, a Growth Score of C, and a Momentum Score of A, resulting in a combined VGM Score of B [6]. Zacks Rank - SABK holds a Zacks Rank of 2 (Buy), supported by favorable earnings estimate revisions from analysts [7]. - The recommendation for investors is to consider stocks with a Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, which aligns with SABK's current ratings, suggesting potential for future growth [8]. Industry Comparison - In comparison to industry peers, Customers Bancorp, Inc. (CUBI) also shows strong performance with a Zacks Rank of 1 (Strong Buy) and similar valuation metrics [9]. - The Banks - Southeast industry is performing well, ranking in the top 17% of all industries, indicating positive market conditions for both SABK and CUBI [11].

Core Insights - South Atlantic Bancshares, Inc. (SABK) shows a significant improvement in earnings outlook, making it an attractive investment option [1] - Analysts are increasingly optimistic about the company's earnings prospects, leading to a rising trend in estimate revisions [2] - The Zacks Rank system indicates a strong buy rating for South Atlantic Bancshares, reflecting its potential for outperformance [3] Earnings Estimates - For the current quarter, the earnings estimate is $0.56 per share, representing a 36.6% increase from the previous year [4] - The consensus estimate for the full year is $2.04 per share, indicating a 55.7% rise compared to the year-ago figure [5] - Over the past month, the consensus estimates have increased by 9.8% for the current quarter and 6.25% for the full year, with no negative revisions noted [4][5] Zacks Rank and Performance - South Atlantic Bancshares currently holds a Zacks Rank 1 (Strong Buy), suggesting strong potential for stock price appreciation [6] - Stocks with a Zacks Rank 1 and 2 have historically outperformed the S&P 500, indicating a favorable investment environment [6] - The stock has gained 9.5% over the past four weeks, reflecting investor confidence in its earnings growth prospects [7]

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the st ...

Group 1 - K. Wayne Wicker has been elected treasurer of the 2025-2026 American Bankers Association (ABA) board of directors [1] - Wicker has over 38 years of banking experience and has served on the ABA board since 2022, becoming treasurer in 2024 [2] - The ABA's annual convention recently elected new officers and directors, emphasizing the importance of their roles in shaping advocacy priorities for America's banks [4] Group 2 - South Atlantic Bancshares, Inc. is a registered bank holding company based in Myrtle Beach, South Carolina, with over $1.9 billion in total assets [5] - The company's banking subsidiary, South Atlantic Bank, operates twelve offices across various locations in South Carolina, providing personalized community banking services [5] - South Atlantic Bank offers a full range of consumer and commercial banking products, including mortgage and treasury management services [5]

South Atlantic Bancshares, Inc. (SABK) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.5 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +14.00%. A quarter ago, it was expected that this company would post earnings of $0.45 per share when it actually produced earnings of $0.48, delivering a surprise of +6.67%.Over the last four quarte ...

Core Viewpoint - South Atlantic Bancshares, Inc. reported strong financial performance for the third quarter of 2025, with net income increasing significantly compared to both the previous quarter and the same quarter last year, reflecting the strength of its core banking operations and effective execution across markets [1][2][5]. Financial Performance - Consolidated net income for Q3 2025 was $4.4 million, or $0.57 per diluted share, up 18.9% from $3.7 million, or $0.48 per diluted share in Q2 2025 [1][5]. - For the nine months ended September 30, 2025, net income totaled $11.4 million, a 65.6% increase from $6.9 million in the same period of 2024 [5][11]. - Total assets increased by $104.2 million to $1.9 billion, representing a 5.8% increase since December 31, 2024 [11][12]. Loan and Deposit Activity - Total loans decreased slightly by 2.2% quarter-over-quarter to $1.43 billion, while total deposits fell by 6.6% to $1.59 billion, attributed to seasonal factors and reduced brokered funding [3][11]. - Year-over-year, total loans grew by 11.2% and total deposits increased by 8.0% compared to the same period in 2024 [3][11]. Interest Income and Expense - Net interest income rose by $3.1 million, or 27.2%, to $14.6 million for Q3 2025 compared to $11.5 million in Q3 2024, driven by increased loan yields [4][6]. - Interest expense decreased by $1.3 million, or 11.1%, due to lower interest rates on deposits and reduced short-term borrowings [6][15]. Noninterest Income and Expense - Noninterest income increased by $212,000, or 13.4%, for Q3 2025, primarily from higher secondary mortgage income and service charges [7][8]. - Noninterest expense rose by $1.4 million, or 15.7%, driven by increased salaries and employee benefits, as well as higher data processing costs [7][8]. Credit Quality - The company reported excellent credit quality with no loans classified as non-accrual and only one loan past due greater than 30 days as of September 30, 2025 [16][17]. - A provision for credit losses of $450,000 was recorded for Q3 2025, down from $625,000 in Q2 2025 [17][19]. Shareholder Equity - Shareholders' equity increased to $128.6 million, a 13.0% rise from December 31, 2024, primarily due to retained earnings and stock repurchases [12][14]. - Tangible book value per share increased by $1.02, or 6.6%, to $16.49 as of September 30, 2025 [5][12].