SFDL
Security Federal Corporation31.90
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
99.65MP/E (TTM)
9.09Basic EPS (TTM)
3.51Dividend Yield
0.02%Recent Filings
10-Q
Q3 FY2025 results
Security Federal Corporation posted solid Q3 FY2025 results, with net interest income climbing 16.0% year-over-year to $12.1 million, fueled by an 18 basis point rise in loan yields to 6.41% and a 60 basis point expansion in net interest margin to 3.17%. Total revenue hit $22.8 million, up 3.0% y/y, while a $200,000 reversal of credit losses reflected stable asset quality amid declining past-due loans to 1.0% of the portfolio. Deposits grew 3.1% q/q to $1.37 billion, bolstering liquidity with $51.8 million in cash and no FRB borrowings outstanding. Net income available to common shareholders surged 59.1% y/y to $3.2 million, or $1.01 per basic share. Yet competition for deposits in a high-rate environment remains a key watch point.
8-K
Earnings jump on interest gains
Security Federal Corporation reported Q3 net income of $3.2 million, or $1.01 per share, up from $2.0 million last year, driven by net interest income surging 16% to $12.1 million after repaying Federal Reserve borrowings. Year-to-date earnings hit $8.1 million, or $2.57 per share, boosted by a $200,000 credit loss reversal and non-interest income gains from new rental property. Non-performing assets dropped to $5.7 million. Balance sheet strengthened with deposits up 3.1% to $1.37 billion, yet loans dipped slightly.
8-K
Plans SEC deregistration
Security Federal Corporation announced on August 21, 2025, its plan to deregister its common stock with the SEC, filing Form 15 around December 31, 2025, to end periodic reporting obligations after 90 days. The board cited high compliance costs outweighing benefits. It will still share audited annual reports and quarterly data online. Deregistration cuts burdens but dims public transparency.
10-Q
Q2 FY2025 results
Security Federal Corporation posted solid Q2 results, with net interest income climbing 11.1% year-over-year to $11.3 million on a 24 basis point loan yield bump to 6.31%, while total interest expense dipped 5.8% thanks to repaid FRB borrowings. Non-interest income edged up 5.7% to $2.6 million, fueled by higher ATM fees and loan sales, but expenses rose 7.2% from staffing and debit costs. Net income available to common shareholders hit $2.4 million, or $0.75 per share—up 11.6%—with no credit provision needed amid stable loans. Deposits grew 4.5% to $1.38 billion, cash stood at $142.2 million, and total debt shrank to $39.6 million after FRB payoff. Yet competition for deposits in a high-rate world keeps pressure on margins.
8-K
Earnings rise on interest gains
Security Federal Corporation reported Q2 net income of $2.4 million, up 11.7% from $2.1 million last year, driven by $1.1 million higher net interest income and $141,000 more non-interest income, though offset by rising expenses. Year-to-date earnings hit $5.0 million, or $1.56 per share, versus $3.9 million previously, with no provision for credit losses aiding the gain. Non-performing assets fell to 0.37% of total assets. Balance sheet strengthened, with deposits up 4.5% to $1.4 billion. Yet economic pressures loom.
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