South Atlantic Bancshares Past Earnings Performance
Past criteria checks 2/6
South Atlantic Bancshares has been growing earnings at an average annual rate of 10.2%, while the Banks industry saw earnings growing at 6.9% annually. Revenues have been growing at an average rate of 8.9% per year. South Atlantic Bancshares's return on equity is 7.9%, and it has net margins of 19.4%.
Key information
10.2%
Earnings growth rate
9.9%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 8.9% |
| Return on equity | 7.9% |
| Net Margin | 19.4% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses Breakdown
How South Atlantic Bancshares makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 47 | 9 | 25 | 0 |
| 30 Jun 24 | 46 | 9 | 25 | 0 |
| 31 Mar 24 | 46 | 9 | 25 | 0 |
| 31 Dec 23 | 47 | 10 | 24 | 0 |
| 30 Sep 23 | 48 | 12 | 5 | 0 |
| 30 Jun 23 | 49 | 13 | 12 | 0 |
| 31 Mar 23 | 49 | 13 | 24 | 0 |
| 31 Dec 22 | 48 | 12 | 24 | 0 |
| 30 Sep 22 | 45 | 10 | 27 | 0 |
| 30 Jun 22 | 44 | 9 | 27 | 0 |
| 31 Mar 22 | 43 | 9 | 26 | 0 |
| 31 Dec 21 | 44 | 11 | 26 | 0 |
| 30 Sep 21 | 43 | 10 | 41 | 0 |
| 30 Jun 21 | 42 | 10 | 25 | 0 |
| 31 Mar 21 | 40 | 9 | 24 | 0 |
| 31 Dec 20 | 36 | 7 | 23 | 0 |
| 30 Sep 20 | 33 | 7 | 18 | 0 |
| 30 Jun 20 | 33 | 6 | 18 | 0 |
| 31 Mar 20 | 32 | 6 | 18 | 0 |
| 31 Dec 19 | 31 | 6 | 19 | 0 |
| 30 Sep 19 | 30 | 6 | 16 | 0 |
| 30 Jun 19 | 29 | 6 | 16 | 0 |
| 31 Mar 19 | 28 | 4 | 16 | 0 |
| 31 Dec 18 | 27 | 3 | 16 | 0 |
| 30 Sep 18 | 25 | 3 | 13 | 0 |
| 30 Jun 18 | 23 | 3 | 13 | 0 |
| 31 Mar 18 | 22 | 4 | 13 | 0 |
| 31 Dec 17 | 21 | 3 | 13 | 0 |
| 30 Sep 17 | 20 | 3 | 11 | 0 |
| 30 Jun 17 | 19 | 3 | 0 | 0 |
| 31 Mar 17 | 18 | 3 | 0 | 0 |
| 31 Dec 16 | 17 | 3 | 11 | 0 |
| 30 Sep 16 | 17 | 3 | 10 | 0 |
| 30 Jun 16 | 16 | 2 | 10 | 0 |
| 31 Mar 16 | 16 | 2 | 10 | 0 |
| 31 Dec 15 | 15 | 2 | 10 | 0 |
| 30 Sep 15 | 15 | 2 | 8 | 0 |
| 31 Dec 14 | 13 | 2 | 8 | 0 |
| 31 Dec 13 | 11 | 2 | 6 | 0 |
Quality Earnings: SABK has high quality earnings.
Growing Profit Margin: SABK's current net profit margins (19.4%) are lower than last year (24.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SABK's earnings have grown by 10.2% per year over the past 5 years.
Accelerating Growth: SABK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SABK had negative earnings growth (-22.6%) over the past year, making it difficult to compare to the Banks industry average (-11.8%).
Return on Equity
High ROE: SABK's Return on Equity (7.9%) is considered low.