The Southern Banc Company, Inc. Announces Fourth Quarter and Full-Year Earnings Release
Key Highlights
- ➤Q4 net income $493,000, up from $140,000 year over year
- ➤FY2026 net income $1.415 million, up from $915,000 year over year
- ➤FY2026 EPS $1.86 basic, $1.85 diluted, versus $1.20
- ➤Q4 net interest income $2.869 million, up 26.39% year over year
- ➤FY2026 total assets $131.8 million, up from $124.0 million
Expert Statements
Gates Little, President and Chief Executive Officer of The Southern Banc Company, Inc.
“The improvement in earnings for both the fourth quarter and fiscal year 2026 were primarily driven by higher net interest income, the result of growth in both loans receivable and securities available for sale.”
GADSDEN, Ala., Sept. 30, 2026 (GLOBE NEWSWIRE) -- Gates Little, President and Chief Executive Officer of The Southern Banc Company, Inc. (OTCID: SRNN), the holding company for The Southern Bank Company, announced unaudited fourth quarter and audited full-year results for the fourth quarter and year ended June 30, 2026.
For the three months ended June 30, 2026, the Company reported net income of approximately $493,000, or $0.65 per basic and $0.64 per diluted share compared to net income of approximately $140,000, or $0.18 per basic and diluted share, for the three months ended June 30, 2025. For the fiscal year ended June 30, 2026, the Company recorded net income of approximately $1,415,000, or $1.86 per basic and $1.85 per diluted share, compared to net income of approximately $915,000, or $1.20 per basic and diluted share, for the fiscal year ended June 30, 2025.
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