Security Federal Q3 net income falls 34% to $2.1M; EPS $0.65 vs $0.99

SECURITY FEDERAL CORP

Net income $2.1M ($0.65/share) vs $3.2M ($0.99/share) in Q3 2022, down 34%.
Net interest income fell 6.8% to $9.4M as interest expense surged 536% to $7.4M.
Total assets grew 8.7% YoY to $1.48B; deposits up 6.0% YoY to $1.19B.
Non-performing assets stable at $6.3M, 0.43% of total assets, vs $2.8M a year ago.
Year-to-date net income $6.6M ($2.02/share) vs $6.9M ($2.13/share) in prior period.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SECURITY FEDERAL CORP reported the nine months ended September 30, 2023 results: net income net income of $6.6 million, EPS $2.02 per common share.

Period: the nine months ended September 30, 2023
Net income: net income of $6.6 million
EPS: $2.02 per common share
Result: reported results

Exact text from the filing

Year to date net income was $6.6 million, or $2.02 per common share, for the nine months ended September 30, 2023

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SECURITY FEDERAL CORP reported the quarter ended September 30, 2023 results: net income net income of $2.1 million, EPS $0.65 per share.

Period: the quarter ended September 30, 2023
Net income: net income of $2.1 million
EPS: $0.65 per share
Result: reported results

Exact text from the filing

The Company reported net income of $2.1 million, or $0.65 per share, for the quarter ended September 30, 2023

View on SEC.gov

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SECURITY FEDERAL CORP filing history →

Source: SEC EDGAR

accession 0001437749-23-029362

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