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South Atlantic Bancshares (SABK) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

South Atlantic Bancshares, Inc. (SABK) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.48 per share a year ago.

MYRTLE BEACH, S.C., July 23, 2026 /PRNewswire/ -- South Atlantic Bancshares, Inc. ("South Atlantic" or the "Company") (OTCQX: SABK), parent of South Atlantic Bank (the "Bank"), reported consolidated net income of $4.7 million, or $0.61 per diluted common share, for the second quarter of 2026, compared to $4.5 million, or $0.58 per diluted common share for the first quarter of 2026.