South Atlantic Bancshares, Inc. Declares Cash Dividend

Rhea-AI Summary

South Atlantic Bancshares (OTCQX: SABK) declared a cash dividend of $0.10 per share on common stock. The dividend is payable February 27, 2026 to shareholders of record as of the close of business on February 13, 2026. Management noted this is the company's fourth consecutive annual cash dividend following a record 2025 performance.

Positive

• Cash dividend of $0.10 per share payable Feb 27, 2026
• Record date set for Feb 13, 2026 (shareholder eligibility)
• Fourth consecutive annual cash dividend declared
• Management cites record 2025 and strong momentum entering 2026

Negative

• None.

MYRTLE BEACH, S.C., Feb. 6, 2026 /PRNewswire/ -- South Atlantic Bancshares, Inc. ("South Atlantic" or the "Company") (OTCQX: SABK), the parent of South Atlantic Bank (the "Bank"), announced that its Board of Directors has declared a cash dividend of $0.10 per share on its common stock. The dividend will be payable on February 27, 2026 to shareholders of record as of the close of business on February 13, 2026. 

Commenting on the dividend, K. Wayne Wicker, the Company's Chairman and Chief Executive Officer, remarked, "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."

About South Atlantic Bancshares, Inc.

South Atlantic Bancshares, Inc. (OTCQX: SABK) is a registered bank holding company based in Myrtle Beach, South Carolina with approximately $1.9 billion in total assets as of December 31, 2025. The Company's banking subsidiary, South Atlantic Bank, is a full-service financial institution spanning the entire coastal area of South Carolina, and is locally owned, controlled and operated. The Bank operates twelve locations in Myrtle Beach, Carolina Forest, North Myrtle Beach, Murrells Inlet, Pawleys Island, Georgetown, Mount Pleasant, Charleston, Bluffton, Hilton Head Island, Summerville and Beaufort, South Carolina. The Bank specializes in providing personalized community banking services to individuals, small businesses and corporations. Services include a full range of consumer and commercial banking products, including mortgage, and treasury management, including South Atlantic Bank goMobile, the Bank's mobile banking app. The Bank also offers internet banking, no-fee ATM access, checking, certificates of deposit and money market accounts, merchant services, mortgage loans, remote deposit capture, and more. For more information, visit www.SouthAtlantic.bank.

Available Information

The Company maintains an Internet website at www.southatlantic.bank/about-us/investor-relations. The Company makes available, free of charge, on its web site the Company's annual meeting materials, annual reports, and quarterly earnings reports. In addition, the OTC Markets Group maintains an Internet site that contains reports, proxy and information statements, and other information regarding the Company (at www.otcmarkets.com/stock/SABK/overview).

The Company routinely posts important information for investors on its website (under www.southatlantic.bank and, more specifically, under the Investor Relations tab at www.southatlantic.bank/about-us/investor-relations/). The Company intends to use its web site as a means of disclosing material non-public information and for complying with its disclosure obligations under the OTC Markets Group OTCQX Rules for U.S. Banks. Accordingly, investors should monitor the Company's web site, in addition to following the Company's press releases, OTC filings, public conference calls, presentations and webcasts.

The information contained on, or that may be accessed through, the Company's web site is not incorporated by reference into, and is not a part of, this press release.

Contacts:	K. Wayne Wicker, Chairman & CEO, 843-839-4410
	Matthew Hobert, EVP & CFO 843-839-4945

Member FDIC

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SOURCE South Atlantic Bancshares, Inc.

FAQ

What dividend did South Atlantic Bancshares (SABK) declare on February 6, 2026?

The company declared a $0.10 per share cash dividend. According to South Atlantic, the dividend is payable February 27, 2026 to shareholders of record at close of business on February 13, 2026.

When is the South Atlantic Bancshares (SABK) dividend payable and what is the record date?

The dividend is payable on February 27, 2026 with a record date of February 13, 2026. According to South Atlantic, shareholders on the record date will receive the $0.10 per share cash payment.

How does the February 2026 dividend fit South Atlantic Bancshares (SABK)'s dividend history?

This is the company's fourth consecutive annual cash dividend, indicating continuity in shareholder distributions. According to South Atlantic, management highlighted a record 2025 and strong momentum entering 2026.

Will the South Atlantic Bancshares (SABK) dividend affect shareholder eligibility for payment?

Shareholders must be recorded on the company register at close of business on February 13, 2026 to be eligible. According to South Atlantic, eligible holders as of that date will receive the $0.10 per share payout on February 27, 2026.

Does South Atlantic Bancshares (SABK) provide rationale for the February 2026 dividend?

Management linked the dividend to a strong 2025 and positive momentum heading into 2026. According to South Atlantic, the dividend reflects the board's decision following the company's record 2025 performance.