Recent 8-K filings for SFDL
Highest-materiality recent filing
Security Federal receives $82.9M in ECIP preferred stock investment from Treasury
- Issued 82,949 shares of Series ECIP Non-Cumulative Perpetual Preferred Stock to U.S. Treasury for $82.949 million.
- Preferred stock pays no dividend for first 24 months; thereafter annual rate up to 2% based on qualified lending targets.
-
Security Federal Q4 EPS $1.24 vs $0.94; full-year $3.80 vs $2.77
Q4 2025 net income available to common $3.9M ($1.24/share) vs $3.0M ($0.94) in Q4 2024.
-
Security Federal Q3 net income up 61% to $3.2M ($1.01 EPS) YoY
Net income available to common shareholders $3.2M vs $2.0M YoY; EPS $1.01 vs $0.62.
-
Security Federal Corp. to deregister SEC reporting; will file Form 15 by Dec. 31, 2025
Company intends to file Form 15 with SEC on/around December 31, 2025 to terminate registration.
-
Security Federal Q2 net income up 12% YoY to $0.75/sh; no credit provision
Net income available to common shareholders of $2.4M ($0.75/sh) for Q2 2025, vs $2.1M ($0.66/sh) in Q2 2024.
-
Shareholders elect four directors; say-on-pay passes with 92%
Thomas L. Moore, J. Chris Verenes, Richard T. Harmon, and Frampton W. Toole III elected as directors for three-year terms.
-
Security Federal Q1 net income rises to $2.6M ($0.81/share) from $1.8M
Net income available to common shareholders $2.6M ($0.81 per share), up from $1.8M ($0.54) in Q1 2024.
-
Security Federal declares $0.10 special dividend, payable April 15
Special cash dividend of $0.10 per share declared by Board of Directors.
-
Security Federal Q4 net income down 17% to $0.94/share; full-year EPS falls to $2.77
Q4 2024 net income available to common shareholders was $3.0M ($0.94 EPS) vs $3.6M ($1.12 EPS) in Q4 2023.
-
Security Federal gets option to buy back Treasury-held ECIP preferred stock at discount
Option to repurchase all 82,949 ECIP preferred shares during first 15 years from May 24, 2022 original closing.
-
Security Federal Q3 net income slips to $0.62/share from $0.65; provision for credit losses rises
Net income available to common shareholders fell to $2.0M ($0.62/share) from $2.1M ($0.65) in Q3 2023.
-
Security Federal Corp to redeem all $16.5M of 5.25% subordinated notes on Nov 22, 2024
Aggregate principal of $16.5M of 5.25% Fixed-to-Floating Rate Subordinated Notes due 2029 to be redeemed.
-
Security Federal Corp expands stock repurchase authorization by 100,000 shares
Board authorized an additional 100,000 shares for repurchase; total program now 135,276 shares (including 35,276 remaining from prior).
-
Security Federal Q2 net income rises to $2.1M, or $0.66 per share
Q2 net income available to common shareholders $2.1M ($0.66 per share), up from $1.8M ($0.55) a year ago.
-
Security Federal Corporation announces annual meeting results; all director nominees elected
Timothy W. Simmons, Harry O. Weeks Jr., and Roy G. Lindburg elected as directors for three-year terms expiring 2027.
-
Security Federal Q1 net income falls 34% to $1.8M; EPS $0.54 vs $0.82
Net income of $1.8M vs $2.7M YoY; diluted EPS $0.54 vs $0.82; net interest income down 2.6%.
-
Security Federal Q4 EPS $1.12, up 10% YoY; 2023 EPS $3.14 flat
Q4 net income $3.6M ($1.12/sh) vs $3.3M ($1.01/sh) in Q4 2022.
-
Security Federal removes 70.5 age limit for officers in bylaw amendment
Board approved deletion of Article V, Section 12 (Age Limitation – Officers) from Bylaws, effective January 4, 2024.
-
Security Federal Q3 net income falls 34% to $2.1M; EPS $0.65 vs $0.99
Net income $2.1M ($0.65/share) vs $3.2M ($0.99/share) in Q3 2022, down 34%.
-
Security Federal Q2 net income falls 18% to $1.8M; YTD earnings up $4.5M
Q2 net income $1.8M ($0.55 EPS) vs $2.2M ($0.67 EPS) a year ago; YTD net income $4.5M ($1.37 EPS) vs $3.7M ($1.14 EPS).
-
Security Federal Corporation authorizes stock repurchase of up to 3% of outstanding shares
Board adopted a repurchase program for up to ~3% of current outstanding shares.
-
All four director nominees elected with for votes ranging from 2.29M to 2.32M; broker non-votes of 369,912 on each.
-
Security Federal Q1 net income rises 73% to $2.7M; EPS $0.82 vs $0.48 YoY
Net income $2.674M ($0.82 per share) vs $1.549M ($0.48) in Q1 2022; increase driven by net interest income growth.
-
Security Federal Q4 net income up 62% to $3.3M; full-year down 20% to $10.2M
Q4 EPS $1.01 vs $0.62 prior year; net interest income +25.9% to $11.0M.
-
Security Federal Q3 net income $3.2M ($0.99 EPS) down from $4.6M; book value falls to $22.64
Net income $3.2M ($0.99 EPS) vs $4.6M ($1.43 EPS) in Q3 2021, down 30.5% YoY.
-
Security Federal Q2 net income falls to $2.2M; book value drops on ECIP preferred issuance
Q2 net income $2.2M ($0.67/share) vs. $2.9M ($0.90) in Q2 2021; six-month net income $3.7M ($1.14) vs. $6.1M ($1.88).
-
Security Federal receives $82.9M in ECIP preferred stock investment from Treasury
Issued 82,949 shares of Series ECIP Non-Cumulative Perpetual Preferred Stock to U.S. Treasury for $82.949 million.
-
Security Federal Corp annual meeting elects 4 directors; say-on-pay approved
Elected Thomas L. Moore, J. Chris Verenes, Richard T. Harmon, Frampton W. Toole III for three-year terms.
-
Security Federal Q1 net income falls to $1.5M from $3.2M YoY; EPS $0.48 vs $0.98
Net income $1.5M ($0.48 EPS) vs $3.2M ($0.98 EPS) in Q1 2021; drop due to COVID reserve release in prior year.
-
Security Federal Board approves up to $82.9M ECIP investment from U.S. Treasury
Board voted to pursue up to $82,949,000 in non-dilutive Tier 1 senior perpetual preferred capital from Treasury’s ECIP.
-
Security Federal declares $0.28 per share special dividend payable April 15
Special cash dividend of $0.28 per share declared by Board of Directors.
-
Security Federal Corp reports record annual net income of $12.8M for FY2021
FY2021 net income $12.8M ($3.93/diluted share), up 81% from $7.1M ($2.19/share) in FY2020.
-
Security Federal Bank enters change-in-control severance agreement with President Philip Wahl
Lump sum of 1.2x base salary if terminated within 6 months before or 24 months after a change in control.
-
Security Federal Q3 net income surges 413% to $4.6M; EPS $1.43 vs $0.28
Net income $4.6M ($1.43 EPS) vs $905K ($0.28) YoY; driven by lower interest expense and provision release.
-
Security Federal Q2 net income up 45% to $2.9M; EPS $0.90 vs $0.62 YoY
Net income $2.9M ($0.90 EPS) for Q2 ended June 30, 2021 vs $2.0M ($0.62 EPS) a year ago.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.75 · Median 0.60 · Most common event earnings