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The Southern Banc Company, Inc. (SRNN) reports recurring earnings and balance-sheet updates as the holding company for The Southern Bank Company, an Alabama community bank with full-service offices in Gadsden, Albertville, Guntersville and Centre and a loan production office in Birmingham.
Company news centers on quarterly and fiscal-year net income, per-share results, assets, stockholders’ equity, non-interest income and other bank operating measures. Updates also identify the bank’s historical roots as First Federal Savings and Loan Association of Gadsden and the over-the-counter trading status of the company’s common stock.
The Southern Banc Company (OTC: SRNN) reported net income of approximately $363,000 ($0.48 per share) for the quarter ended March 31, 2026, up from $230,000 ($0.30) a year earlier.
For the nine months, net income was $922,000 ($1.21 per share) versus $775,000. Net interest income, assets and stockholders’ equity all increased, while non-interest expenses also rose.
The Southern Banc Company (OTCBB: SRNN) reported net income of approximately $371,000 ($0.49 per share) for the quarter ended December 31, 2025, and $559,000 ($0.73 per share) for the six months ended December 31, 2025.
Net interest income before loan loss provision rose to $2.36M for the quarter and $4.62M for six months. Provision for loan losses fell to $8K quarterly and $84K for six months. Total assets were $128.8M with stockholders’ equity of $17.8M (13.79% of assets).
The Southern Banc Company (OTC: SRNN) reported net income of $188,000 or $0.25 per share for the quarter ended September 30, 2025, versus $176,000 ($0.23) a year earlier. Net interest income rose by $105,000 (4.88%); total interest income increased by $147,000 (5.24%) while interest expense rose by $42,000 (6.44%). Provision for credit losses fell to $76,000 from $373,000 a year ago. Total non-interest expense increased by $384,000 (22.77%), driven by salaries and benefits up $312,000 (30.47%). Total assets were $127.2 million and stockholders' equity was $17.2 million (13.51% of assets) at September 30, 2025.
The Southern Banc Company (OTCBB: SRNN) has released its preliminary Q4 and fiscal year 2025 earnings report. The company reported Q4 net income of $140,000 ($0.18 per share), down from $424,000 ($0.56 per share) in Q4 2024. For FY 2025, net income was $915,000 ($1.20 per share), compared to $1.6M ($2.11 per share) in FY 2024.
Key financial metrics include: total assets increased to $124.1M from $113.1M, net interest income grew 11.23% year-over-year, and stockholders' equity improved to $16.7M (13.47% of assets). The company recorded higher loan loss provisions of $790,000 in FY 2025 versus $155,000 in FY 2024. Non-interest expenses increased by 17.90% primarily due to higher salary and benefit costs.
The Southern Banc Company (OTCBB: SRNN) reported Q2 FY2025 results with net income of $369,000 ($0.49 per basic share) for the quarter ended December 31, 2024, compared to $471,000 ($0.62 per basic share) in the same period last year. Net interest income before loan loss provisions increased 9.96% to $2.213 million, driven by higher interest income of $430,000, partially offset by increased interest expenses of $230,000.
For the six months ended December 31, 2024, net income was $545,000 ($0.72 per basic share), down from $837,000 ($1.10 per basic share) year-over-year. The company recorded a $442,000 provision for loan losses in the six-month period, compared to no provision in the previous year. Total assets reached $117.0 million, with stockholders' equity at $15.5 million (13.2% of total assets).
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).
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.
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.
Summary not available.