Security Bancorp Q1 net interest income rises on higher interest income, lower interest expense

ReutersMay 4, 2026 2:41 PM

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Overview

US bank holding company reported Q1 net income and basic EPS rose yr/yr
Net interest income increased 26% on higher interest income and lower interest expense
Non-performing assets rose to $713,000 from $4,000, mainly due to more non-performing loans

Outlook

Company did not provide specific guidance or outlook for the current quarter or full year in its press release

Result Drivers

LOWER INTEREST EXPENSE - Co said interest expense fell due to a decrease in interest-bearing deposits and lower interest rates
NON-INTEREST INCOME DROP - Co attributed decline in non-interest income to lower financial service fees and fewer gains on loan sales
HIGHER OCCUPANCY COSTS - Co said increase in non-interest expense was mainly due to higher office supplies and maintenance costs

Company press release: ID:nGNX3NrXpq

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Net Income		$1.44 mln
Q1 Net Interest Income		$3.65 mln
Q1 Basic EPS		$3.81
Q1 Pretax Profit		$1.93 mln
Q1 Provision for Loan Losses		$45,000

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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