Security Federal Corporation Announces Increase in Quarterly and Year-to-Date Earnings
Key Highlights
- ➤Q3 net income available to common shareholders $3.6M, up 13.0% year over year
- ➤Nine-month net income available to common shareholders $10.4M, up 27.5%
- ➤Nine-month net interest income $37.5M, up 8.2% year over year
- ➤Non-performing assets $5.3M, down from $5.8M at December 31, 2025
- ➤Board authorized repurchase of up to 124,035 outstanding common shares
AIKEN, South Carolina, Oct. 30, 2026 (GLOBE NEWSWIRE) -- Security Federal Corporation (the “Company”) (OTCID: SFDL), the holding company for Security Federal Bank (the “Bank”), today announced earnings and financial results for the three and nine months ended September 30, 2026.
Net income available to common shareholders was $3.6 million, or $1.16 per common share, for the third quarter of 2026, an increase of $413,000, or 13.0% compared to the third quarter of 2025. The increase in net income was driven by higher net interest income (up $592,000, or 4.9%) and non-interest income (up $157,000, or 6.0%), which offset increased non-interest expense (up $115,000, or 1.1%) and provision for credit losses (no provision in 2026 compared to a $200,000 reversal in the third quarter of 2025).
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