Southern BancShares (N.C.) Past Earnings Performance
Past criteria checks 5/6
Southern BancShares (N.C.) has been growing earnings at an average annual rate of 23.6%, while the Banks industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 14.4% per year. Southern BancShares (N.C.)'s return on equity is 35%, and it has net margins of 49.6%.
Key information
23.6%
Earnings growth rate
24.2%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 14.4% |
| Return on equity | 35.0% |
| Net Margin | 49.6% |
| Last Earnings Update | 30 Sep 2023 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses BreakdownBeta
How Southern BancShares (N.C.) 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 23 | 267 | 133 | 84 | 0 |
| 30 Jun 23 | 281 | 144 | 84 | 0 |
| 31 Mar 23 | 214 | 91 | 84 | 0 |
| 31 Dec 22 | 135 | 30 | 84 | 0 |
| 30 Sep 22 | 140 | 41 | 79 | 0 |
| 30 Jun 22 | 111 | 19 | 79 | 0 |
| 31 Mar 22 | 114 | 22 | 79 | 0 |
| 31 Dec 21 | 204 | 93 | 79 | 0 |
| 30 Sep 21 | 260 | 131 | 74 | 0 |
| 30 Jun 21 | 239 | 116 | 74 | 0 |
| 31 Mar 21 | 249 | 126 | 74 | 0 |
| 31 Dec 20 | 142 | 44 | 74 | 0 |
| 30 Sep 20 | 93 | 9 | 70 | 0 |
| 30 Jun 20 | 110 | 23 | 70 | 0 |
| 31 Mar 20 | 101 | 16 | 70 | 0 |
| 31 Dec 19 | 151 | 55 | 70 | 0 |
| 30 Sep 19 | 121 | 33 | 65 | 0 |
| 30 Jun 19 | 126 | 38 | 65 | 0 |
| 31 Mar 19 | 114 | 30 | 65 | 0 |
| 31 Dec 18 | 109 | 28 | 65 | 0 |
| 30 Sep 18 | 125 | 47 | 63 | 0 |
| 30 Jun 18 | 118 | 40 | 63 | 0 |
| 31 Mar 18 | 119 | 40 | 63 | 0 |
| 31 Dec 17 | 108 | 32 | 63 | 0 |
| 30 Sep 17 | 102 | 19 | 60 | 0 |
| 30 Jun 17 | 97 | 15 | 60 | 0 |
| 31 Mar 17 | 93 | 12 | 60 | 0 |
| 31 Dec 16 | 95 | 11 | 60 | 0 |
| 30 Sep 16 | 97 | 14 | 60 | 0 |
| 30 Jun 16 | 90 | 9 | 60 | 0 |
| 31 Mar 16 | 86 | 8 | 60 | 0 |
| 31 Dec 15 | 83 | 7 | 60 | 0 |
| 30 Sep 15 | 82 | 6 | 59 | 0 |
| 30 Jun 15 | 82 | 7 | 59 | 0 |
| 31 Mar 15 | 81 | 6 | 59 | 0 |
| 31 Dec 14 | 80 | 6 | 59 | 0 |
| 30 Sep 14 | 71 | 3 | 60 | 0 |
| 30 Jun 14 | 83 | 13 | 60 | 0 |
| 31 Mar 14 | 81 | 13 | 60 | 0 |
| 31 Dec 13 | 82 | 15 | 60 | 0 |
| 30 Sep 13 | 91 | 19 | 54 | 0 |
| 30 Jun 13 | 74 | 7 | 54 | 0 |
Quality Earnings: SBNC has high quality earnings.
Growing Profit Margin: SBNC's current net profit margins (49.6%) are higher than last year (29.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SBNC's earnings have grown significantly by 23.6% per year over the past 5 years.
Accelerating Growth: SBNC's earnings growth over the past year (219.8%) exceeds its 5-year average (23.6% per year).
Earnings vs Industry: SBNC earnings growth over the past year (219.8%) exceeded the Banks industry -12.4%.
Return on Equity
High ROE: Whilst SBNC's Return on Equity (35.03%) is high, this metric is skewed due to their high level of debt.