#United States #Myrtle Beach #South Atlantic Bank #K. Wayne Wicker #SABK

South Atlantic Bancshares, Inc. Declares Cash Dividend

On February 6, 2026, South Atlantic Bancshares, Inc. (OTCQX: SABK), the parent company of South Atlantic Bank, made an exciting announcement regarding its financial performance. The company declared a cash dividend of $0.10 per share on its common stock, marking a significant milestone as this is their fourth consecutive annual cash dividend. Shareholders should note that this dividend is scheduled to be payable on February 27, 2026, to those recorded as shareholders by the close of business on February 13, 2026.

K. Wayne Wicker, the Company’s Chairman and Chief Executive Officer, shared his enthusiasm about the dividend, emphasizing the positive outlook for the company. Wicker stated, "We are excited to announce our fourth consecutive annual cash dividend. 2025 was a record year for our Company; we closed the year strong and enter 2026 with strong momentum across our footprint.” This reflects a robust and stable growth trajectory that the company has been experiencing.

Overview of South Atlantic Bancshares

South Atlantic Bancshares, Inc. operates out of Myrtle Beach, South Carolina, and is recognized as a registered bank holding company. As of December 31, 2025, the company reported total assets amounting to approximately $1.9 billion. The banking segment, South Atlantic Bank, serves as a full-service banking institution within the coastal region of South Carolina, emphasizing local ownership and operations.

With multiple locations spanning Myrtle Beach, Carolina Forest, North Myrtle Beach, Murrells Inlet, Pawleys Island, and extending through Georgetown, Mount Pleasant, and into more urban parts like Charleston and Hilton Head Island, South Atlantic Bank is committed to providing personalized services to individuals, small businesses, and corporations alike.

Banking Services and Growth

The bank specializes in a comprehensive range of community banking services, aiming to meet diverse customer needs. These services encompass traditional offerings such as mortgages, treasury management, mobile banking (including their South Atlantic Bank goMobile app), internet banking, checking, certificates of deposit, and money market accounts. Furthermore, the bank provides merchant services and remote deposit capture, ensuring a broad spectrum of financial solutions tailored to their client base.

In the face of evolving market conditions, South Atlantic Bank’s approach to customer service, combined with its strategic expansion into various locations, showcases its dedication to maintaining strong local relationships. The company’s ability to declare consecutive dividends is a testament to its financial health and stability, which is increasingly vital in the competitive banking landscape.

Investor Resources and Future Outlook

For investors keen on staying updated, South Atlantic Bancshares makes significant information available through their website, including annual meeting materials, reports, and earnings documentation. This proactive communication strategy aligns with their objectives under the OTC Markets Group’s OTCQX Rules for U.S. banks. Wicker emphasizes the importance of transparency, noting that investors should actively monitor their website for essential disclosures and updates.

With a solid year behind them and promising initiatives ahead, South Atlantic Bancshares is poised to continue its trajectory of growth and shareholder value enhancement. As they move into 2026, stakeholders will be watching closely to witness how the company translates its current momentum into future success, reinforcing its position in the market.

Conclusion

The announcement of a cash dividend from South Atlantic Bancshares underscores its steadfast commitment to rewarding shareholders while advancing its operational objectives. As they gear up for another promising year, both existing and potential investors have reasons to keep an eye on this growing financial institution as it continues to carve out its path in the banking sector.