Security Federal Corporation Announces Fourth Quarter And Annual Earnings
SECURITY FEDERAL CORP (SFDL)
NASDAQ:AMEX Investor Relations:
securityfederalbank.com/investor-relations
Company Research
Source: GlobeNewswire
AIKEN, S.C., Feb. 05, 2024 (GLOBE NEWSWIRE) -- Security Federal Corporation (the “Company”) (OTCBB: SFDL), the holding company for Security Federal Bank (the “Bank”), today announced its earnings and financial results for the quarter and year ended December 31, 2023. 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. The increase in quarterly net income was primarily due to increased non-interest income. Additionally, during 2023, the Company recognized a $395,600 reduction in income tax expense as a result of tax credits associated with the Bank’s newest branch located in Augusta, Georgia. Net income was $10.2 million, or $3.14 per common share, for both the years ended December 31, 2023 and 2022. Fourth Quarter Financial Highlights Net interest income decreased $531,000, or 4.8%, to $10.4 million as the increase in interest expens
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SFDL
Sec Filings
- 4/15/24 - Form ARS
- 3/21/24 - Form 10-K
- 3/18/24 - Form TA-2
- SFDL's page on the SEC website