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The Southern Banc Company reports Q3 net income of $363K, up from $230K year-over-year.

Company Fundamentals
14 May 2026
GlobeNewsWire
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Bullish
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The Southern Banc Company, Inc. announced net income of $363,000 for Q3 ending March 31, 2026, up from $230,000 in the same quarter last year. This increase was driven by a 9.05% rise in net interest income due to higher interest income and lower interest expenses. Despite a slight drop in non-interest income and increased non-interest expenses, the company improved its nine-month net income to $922,000 from $775,000 the previous year. Total assets grew to $127.6 million, and stockholders' equity increased to $18.1 million, reflecting steady financial growth ahead of the fiscal year ending June 30, 2026.

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