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South Atlantic Bancshares (South Atlantic Bancshares) Pretax Margin % : 22.47% (As of Mar. 2024)


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What is South Atlantic Bancshares Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. South Atlantic Bancshares's Pre-Tax Income for the three months ended in Mar. 2024 was $2.54 Mil. South Atlantic Bancshares's Revenue for the three months ended in Mar. 2024 was $11.30 Mil. Therefore, South Atlantic Bancshares's pretax margin for the quarter that ended in Mar. 2024 was 22.47%.

The historical rank and industry rank for South Atlantic Bancshares's Pretax Margin % or its related term are showing as below:

SABK' s Pretax Margin % Range Over the Past 10 Years
Min: 16.01   Med: 21.56   Max: 30.43
Current: 24.76


SABK's Pretax Margin % is ranked worse than
69.29% of 1462 companies
in the Banks industry
Industry Median: 32.885 vs SABK: 24.76

South Atlantic Bancshares Pretax Margin % Historical Data

The historical data trend for South Atlantic Bancshares's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

South Atlantic Bancshares Pretax Margin % Chart

South Atlantic Bancshares Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.70 23.22 29.77 30.43 26.88

South Atlantic Bancshares Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.82 27.00 23.99 25.47 22.47

Competitive Comparison of South Atlantic Bancshares's Pretax Margin %

For the Banks - Regional subindustry, South Atlantic Bancshares's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


South Atlantic Bancshares's Pretax Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, South Atlantic Bancshares's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where South Atlantic Bancshares's Pretax Margin % falls into.



South Atlantic Bancshares Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

South Atlantic Bancshares's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=12.749/47.434
=26.88 %

South Atlantic Bancshares's Pretax Margin for the quarter that ended in Mar. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=2.539/11.297
=22.47 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


South Atlantic Bancshares  (OTCPK:SABK) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


South Atlantic Bancshares Pretax Margin % Related Terms

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South Atlantic Bancshares (South Atlantic Bancshares) Business Description

Traded in Other Exchanges
N/A
Address
630 29th Avenue North, Myrtle Beach, SC, USA, 29577
South Atlantic Bancshares Inc is A United States-based bank holding company. The business activity of the bank is to provide banking services to domestic markets. Its product offering includes Personal and business checking, Savings, and Money market accounts, along with Residential mortgages, Commercial Loans, and Lines of credit. The bank also offers other services like mobile banking application, treasury, remote deposit capture, and merchant card services; telephone and online banking, and ATM services; and debit and credit cards.