Southern BancShares (N.C.) Past Earnings Performance

Past criteria checks 3/6

Southern BancShares (N.C.) has been growing earnings at an average annual rate of 26.3%, while the Banks industry saw earnings growing at 6.6% annually. Revenues have been growing at an average rate of 16% per year. Southern BancShares (N.C.)'s return on equity is 20.6%, and it has net margins of 44.6%.

Key information

26.3%

Earnings growth rate

27.5%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	16.0%
Return on equity	20.6%
Net Margin	44.6%
Last Earnings Update	30 Jun 2024

Recent past performance updates

No updates

Recent updates

Revenue & Expenses Breakdown

How Southern BancShares (N.C.) makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OTCPK:SBNC Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	233	104	86
31 Mar 24	286	148	86
31 Dec 23	286	148	86
30 Sep 23	267	133	84
30 Jun 23	281	144	84
31 Mar 23	214	91	84
31 Dec 22	135	30	84
30 Sep 22	140	41	79
30 Jun 22	111	19	79
31 Mar 22	114	22	79
31 Dec 21	204	93	79
30 Sep 21	260	131	74
30 Jun 21	239	116	74
31 Mar 21	249	126	74
31 Dec 20	142	44	74
30 Sep 20	93	9	70
30 Jun 20	110	23	70
31 Mar 20	101	16	70
31 Dec 19	151	55	70
30 Sep 19	121	33	65
30 Jun 19	126	38	65
31 Mar 19	114	30	65
31 Dec 18	109	28	65
30 Sep 18	125	47	63
30 Jun 18	118	40	63
31 Mar 18	119	40	63
31 Dec 17	108	32	63
30 Sep 17	102	19	60
30 Jun 17	97	15	60
31 Mar 17	93	12	60
31 Dec 16	95	11	60
30 Sep 16	97	14	60
30 Jun 16	90	9	60
31 Mar 16	86	8	60
31 Dec 15	83	7	60
30 Sep 15	82	6	59
30 Jun 15	82	7	59
31 Mar 15	81	6	59
31 Dec 14	80	6	59
30 Sep 14	71	3	60
30 Jun 14	83	13	60
31 Mar 14	81	13	60

Quality Earnings: SBNC has high quality earnings.

Growing Profit Margin: SBNC's current net profit margins (44.6%) are lower than last year (51.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SBNC's earnings have grown significantly by 26.3% per year over the past 5 years.

Accelerating Growth: SBNC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SBNC had negative earnings growth (-27.4%) over the past year, making it difficult to compare to the Banks industry average (-3.7%).

Return on Equity

High ROE: SBNC's Return on Equity (20.6%) is considered high.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/31 09:57
End of Day Share Price	2025/01/31 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Southern BancShares (N.C.), Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution