Security Federal Q4 EPS $1.12, up 10% YoY; 2023 EPS $3.14 flat

SECURITY FEDERAL CORP

Q4 net income $3.6M ($1.12/sh) vs $3.3M ($1.01/sh) in Q4 2022.
Full-year net income $10.2M ($3.14/sh) unchanged YoY; net interest income up 4.5% to $39.2M.
Non-interest income Q4 up 28.9% to $2.8M on grant & trust revenue.
Total assets $1.55B (+12.2%); deposits $1.19B (+7.6%); borrowings up 64.6% to $170M.
CECL adoption reduced retained earnings $1.6M; NPAs 0.44% of assets, allowance to loans 1.98%.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

SECURITY FEDERAL CORP reported the year ended December 31, 2023 results: net income $10.2 million, EPS $3.14 per common share.

Period: the year ended December 31, 2023
Net income: $10.2 million
EPS: $3.14 per common share
Result: reported results

Exact text from the filing

Net income was $10.2 million, or $3.14 per common share, for both the years ended December 31, 2023 and 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

SECURITY FEDERAL CORP reported the quarter ended December 31, 2023 results: net income $3.6 million, EPS $1.12 per common share.

Period: the quarter ended December 31, 2023
Net income: $3.6 million
EPS: $1.12 per common share
Result: reported results

Exact text from the filing

The Company reported net income of $3.6 million, or $1.12 per common share, for the quarter ended December 31, 2023 compared to $3.3 million, or $1.01 per common share, for the fourth quarter of 2022.

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316 earnings releases filed in the last 30 days. Browse all earnings releases →

SECURITY FEDERAL CORP filing history →

Source: SEC EDGAR

accession 0001437749-24-003074

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