Southern BancShares (N.C.), Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported net interest income was USD 29.82 million compared to USD 31.23 million a year ago. Net income was USD 46.21 million compared to net loss of USD 15.38 million a year ago.

Basic earnings per share from continuing operations was USD 591.34 compared to basic loss per share from continuing operations of USD 195.36 a year ago.