Southern BancShares (N.C.), Inc. PFD CL C
SBNCN
Other OTC12.00
USD
- -
- -
ISIN
US8422433057
CUSIP
842243305
Return %
Stock
S&P500
1Y
-9.43
26.53
3Y
-22.58
76.60
5Y
-33.33
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Drew M. Covert
- Full Time Employees
- 423
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 116 East Main Street Mount Olive NC United States of America 28365
- IPO Date
- Aug 17, 2018
- Website
- southernbank.com
- Similar Companies
- Business
- Southern BancShares (N.C.), Inc. (OTC Pink: SBNC; SBNCN) serves as the bank holding company for Southern Bank and Trust Company, a community-focused institution providing commercial banking services to consumers and businesses in eastern North Carolina and southeastern Virginia. Southern Bank operates more than 55 branches across these regions and offers deposit products including checking accounts, savings accounts, money market accounts, demand and time deposits, Individual Retirement Accounts (IRAs), and certificates of deposit (CDs); lending products encompassing commercial loans such as construction and land development, agricultural, industrial, commercial mortgages, paycheck protection program loans, business loans, mortgage loans, consumer loans, equity line loans, and lease financing; and additional services comprising debit and credit cards, safe deposit boxes, cashier's checks, money orders, check cashing, wire transfers, internet and mobile banking, treasury services, investment and brokerage services including custodial and insurance management, and real estate owned property management. Founded in 1901 and headquartered at 116 East Main Street in Mount Olive, North Carolina, the company maintains total assets exceeding $5 billion and employs approximately 423 people. In recent developments, Southern BancShares announced a new common stock repurchase program on January 21, 2025, effective April 1, 2025, to retire excess capital up to specified limits, continuing a multi-decade strategy following the prior program's completion in March 2024 which repurchased over 1,500 common shares and various preferred shares; the company also filed with the Federal Reserve Board in October 2024 seeking approval to increase its ownership interest in Old Point Financial Corporation, building on a prior 2023 application.