Southern Banc net income more than triples to $493,000 in three months ended June 30, 2026
SRNN•Southern Banc reported fourth-quarter net income of $493,000, up from $140,000 a year earlier. For fiscal 2026, net income rose 55% to $1.42 million.
1. Quarterly results
For the three months ended June 30, Southern Banc reported basic earnings per share of $0.65 and diluted earnings per share of $0.64. Net interest income increased 26% to $2.87 million, while its provision for loan losses rose to $330,000; non-interest income fell 31% to $106,000, and non-interest expense slipped to $1.99 million.
2. Fiscal year figures
For fiscal 2026, total assets increased to $131.77 million and equity climbed to $18.41 million.
