SFDL
Security Federal Corporation31.90
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '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-K
FY2025 results
Security Federal Corporation closed FY2025 ended December 31, 2025 with assets of $1.6B, up 0.4% y/y, as investments grew 17.5% to $776M while net loans dipped 1.6% to $676M on a 39% construction drop offset by residential (+8%) and commercial real estate (+2.4%) gains. Deposits rose 3.6% to $1.4B, funding debt paydowns including $50M FRB and $5.2M junior debentures; equity climbed 9.9% to $200M on $13.7M net income. Nonperformers fell 24% to $5.8M (0.36% assets), enabling a $235K credit loss reversal vs. $1.4M provision prior year. Q4 momentum showed non-accruals down sharply across categories, but construction weakness lingered. Repos stayed steady at $25M; $2.3M buybacks trimmed shares. Deregistration curbs reporting post-10-K. Local real estate slumps could stall quarterly loan rebound.
8-K
Earnings surge on interest gains
Security Federal Corporation posted Q4 net income of $3.9 million ($1.24 per share), up from $3.0 million ($0.94) last year, driven by $1.3 million higher net interest income and $1.0 million more non-interest income from CDFI grants and rental gains. Full-year earnings hit $12.0 million ($3.80 per share), boosted by a $235,000 credit loss reversal. Non-performing assets dipped to $5.8 million. Balance sheet steady at $1.62 billion.
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.
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