Community lender Security Federal's Q4 profit rises on higher interest income
Overview
U.S. bank holding firm's Q4 net income rose, driven by higher net interest income
Non-interest income increased 35.4% in Q4, primarily due to grant and rental income
Company's non-interest expense rose 16% in Q4 due to higher salaries and benefits
Outlook
Company did not provide specific guidance for future quarters or full year 2026 in press release
Result Drivers
NET INTEREST INCOME - Increased due to a reduction in total interest expense exceeding the decrease in interest income
NON-INTEREST INCOME - Boosted by increased grant income from CDFI Fund and rental income from new property
CREDIT LOSS REVERSAL - Reversal of provisions for credit losses contributed positively to results
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Net Interest Income |
| $12.55 mln |
|
Q4 Basic EPS |
| $1.24 |
|
Q4 Pretax Profit |
| $5.39 mln |
|
Press Release: ID:nGNX9tHZTq
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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