STOCK TITAN

STHN BANC CO INC - SRNN STOCK NEWS

Welcome to our dedicated page for STHN BANC CO news (Ticker: SRNN), a resource for investors and traders seeking the latest updates and insights on STHN BANC CO stock.

Southern Banc Company Inc. has been a cornerstone of the northeastern Alabama community for over 80 years, providing exceptional customer service and a wide range of financial services for individuals and businesses. Their offerings include checking accounts, lines of credit, loans, and the innovative Altline platform, catering to businesses nationwide.

Rhea-AI Summary

The Southern Banc Company (SRNN) reported Q1 2024 net income of $176,000 ($0.23 per share), down from $367,000 ($0.48 per share) in Q1 2023. Net interest income decreased by 5.06%. Total interest income increased by 23.65%, while interest expense rose by 65.79%. The company recorded provisions for credit losses of $373,000 compared to none in the previous year. Non-interest income increased by 2.10%, while non-interest expenses rose by 10.93%. Total assets reached $113.5 million, with stockholders' equity at $15.7 million (13.82% of total assets).

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

The Southern Banc Company (OTCBB: SRNN) announced preliminary unaudited results for Q4 and fiscal year 2024. For Q4, net income was $424,000 ($0.56 per basic share), down from $784,000 in Q4 2023. Fiscal year 2024 net income was $1,602,000 ($2.11 per basic share), compared to $2,474,000 in 2023. Q4 net interest income decreased by 10.52% year-over-year, while non-interest income increased by 8.5%. Non-interest expenses rose by 17.82% in Q4. Total assets as of June 30, 2024, were $113.1 million, up from $108.6 million in 2023. Total stockholders' equity increased to $14.5 million (12.79% of assets) from $12.1 million (11.16% of assets) in 2023.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

The Southern Banc Company, holding company for The Southern Bank, reported third-quarter net income of $340,000, or $0.45 per basic share, for the quarter ending March 31, 2024, down from $462,000, or $0.61 per basic share, in the same quarter in 2023. For the nine-month period ending March 31, 2024, net income was $1,177,000, compared to $1,693,000 in the previous year. The net interest margin decreased by 1.04%, with interest income up by $234,000 and interest expense up by $254,000. Non-interest income rose by 45.8%, while non-interest expense increased by 14.7%. Total assets were $107 million as of March 31, 2024, with stockholders' equity at $14 million. The Southern Bank operates four full-service offices and one loan production office in Alabama.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
The Southern Banc Company, Inc. (SRNN) reported net income of $471,000 for Q4 2023, compared to $612,000 in Q4 2022. Net interest income increased slightly by $5,000, with total non-interest income rising by 14.4%. Total assets reached $109.7 million in December 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
SRNN - The Southern Banc Company, Inc. Reports Q3 2023 Financial Results, Net Income Down 40%
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
The Southern Banc Company, Inc. reports preliminary unaudited results for Q4 and FY 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.46%
Tags
Rhea-AI Summary
The Southern Banc Company, Inc. announces preliminary unaudited results for Q4 and fiscal year 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.46%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

The Southern Banc Company (OTCBB: SRNN) reported a net income of approximately $612,000 for Q4 2022, equating to $0.81 per basic share, up from $451,000 or $0.60 per share in Q4 2021. For the first half of the fiscal year, net income reached $1,231,000, or $1.63 per basic share, compared to $694,000 or $0.92 per share last year. Notably, net interest income before provisions rose by 20.6% to approximately $2.0 million. Total assets stood at $109.9 million as of December 31, 2022, a decrease from $115.3 million in June 2022.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.44%
Tags
Rhea-AI Summary

The Southern Banc Company, Inc. (OTCBB: SRNN) reported a net income of approximately $619,000, or $0.82 per basic share, for Q3 2022, a significant increase from $243,000 or $0.32 per share in Q3 2021. The company's net interest margins rose by 58.71% to $783,000, driven by a 51.91% increase in total interest income. Total assets decreased to $111.4 million from $115.3 million in the prior quarter. Meanwhile, total stockholders’ equity fell to $9.7 million (8.71% of assets) from $10.6 million (9.20% of assets).

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
Tags

FAQ

What is the current stock price of STHN BANC CO (SRNN)?

The current stock price of STHN BANC CO (SRNN) is $13.75 as of December 16, 2024.

What is the market cap of STHN BANC CO (SRNN)?

The market cap of STHN BANC CO (SRNN) is approximately 10.4M.

How long has Southern Banc Company Inc. been serving northeastern Alabama?

Southern Banc Company Inc. has been serving northeastern Alabama for over 80 years.

What kind of financial services does Southern Banc Company Inc. offer?

Southern Banc Company Inc. offers a full range of personal and business financial services, including checking accounts, lines of credit, loans, and the Altline platform.

What sets Southern Banc Company Inc. apart from other financial institutions?

Southern Banc Company Inc. sets itself apart with exceptional customer service and a commitment to the community they serve.

What is the Altline platform offered by Southern Banc Company Inc.?

The Altline platform provided by Southern Banc Company Inc. offers flexible working capital solutions for businesses nationwide.

Who should I contact for more information about Southern Banc Company Inc.?

For more information about Southern Banc Company Inc., you can contact Gates Little at (256) 543-3860.

Does Southern Banc Company Inc. offer personal financial services?

Yes, Southern Banc Company Inc. offers a full range of personal financial services, including checking accounts and loans.

What is the commitment of Southern Banc Company Inc. to the community?

Southern Banc Company Inc. has an enduring commitment to the community they serve, defining their dedication to individuals, families, and businesses.

What is the geographic reach of Southern Banc Company Inc.?

While based in northeastern Alabama, Southern Banc Company Inc. also provides financial solutions for businesses nationwide through the Altline platform.

Is Southern Banc Company Inc. family-owned?

Southern Banc Company Inc. has been serving generations of families, making them a trusted and longstanding part of the community.

Are there any special promotions or offers available at Southern Banc Company Inc.?

For information on any special promotions or offers from Southern Banc Company Inc., please contact Gates Little at (256) 543-3860.
STHN BANC CO INC

OTC:SRNN

SRNN Rankings

SRNN Stock Data

10.44M
806.09k
Banks - Regional
Financial Services
Link
United States of America
Gadsden