Welcome to our dedicated page for Southern Banc Co news (Ticker: SRNN), a resource for investors and traders seeking the latest updates and insights on Southern Banc Co stock.
The news feed for The Southern Banc Company, Inc. (SRNN) provides detailed updates drawn from the company’s earnings announcements and financial disclosures. As the holding company for The Southern Bank Company, a savings institution with full-service banking offices in Gadsden, Albertville, Guntersville, and Centre, Alabama and a loan production office in Birmingham, Alabama, SRNN regularly releases information that sheds light on its financial performance and balance sheet trends.
Readers can follow quarterly and annual earnings releases that report net income, basic and diluted earnings per share, net interest income, provisions for loan or credit losses, non-interest income, and non-interest expenses. The company’s news often explains how changes in interest and fees on loans, interest and dividends on securities, other interest income, and interest on deposits influence overall profitability and net interest margins.
SRNN’s announcements also discuss non-interest income and expense dynamics, including movements in customer service fees, miscellaneous income, salaries and employee benefits, occupancy or office building and equipment expenses, professional services, data processing, and other operating expenses. Management commentary frequently highlights how the interest rate environment and competitive conditions affect lending and deposit activities.
For investors and observers of regional savings institutions, this news page offers a centralized view of The Southern Banc Company’s reported results, capital position, and key operating metrics over time. Regularly reviewing these releases can help users understand trends in total assets, deposits, stockholders’ equity as a percentage of assets, and the company’s response to changing economic and regulatory conditions.
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.
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