Southern BancShares (N.C.), Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 28.54 million compared to USD 33.65 million a year ago. Net income was USD 24.4 million compared to USD 35.45 million a year ago. Basic earnings per share from continuing operations was USD 313.39 compared to USD 451.09 a year ago.
For the nine months, net interest income was USD 88.46 million compared to USD 97.41 million a year ago. Net income was USD 131.4 million compared to USD 28.54 million a year ago. Basic earnings per share from continuing operations was USD 1,684.98 compared to USD 360.28 a year ago.