Investing.com - South Atlantic Bancshares reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
South Atlantic Bancshares announced earnings per share of $0.47 on revenue of $13.51. Analysts polled by Investing.com anticipated EPS of $0.41 on revenue of $11.8M.
South Atlantic Bancshares shares are down 11.27% from the beginning of the year, still down 15.95% from its 52 week high of $16.30 set on April 19.
South Atlantic Bancshares follows other major Financial sector earnings this month
South Atlantic Bancshares's report follows an earnings beat by JPMorgan on Friday, who reported EPS of $3.12 on revenue of $32.7B, compared to forecasts EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on Monday with third quarter EPS of $0.81 on revenue of $24.5B, compared to forecast for EPS of $0.78 on revenue of $23.56B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar