See more : Soliton, Inc. (SOLY) Income Statement Analysis – Financial Results
Complete financial analysis of The Southern Banc Company, Inc. (SRNN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of The Southern Banc Company, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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The Southern Banc Company, Inc. (SRNN)
About The Southern Banc Company, Inc.
The Southern Banc Company, Inc. operates as the holding company for The Southern Bank Company that provides various banking products and services in Alabama. Its personal banking products include checking accounts, home mortgage loans, home equity loans, auto loans, and personal loans. The company's business banking products comprise business checking accounts, cash flow management, real estate lending, and equipment financing. It also offers commercial accounts, accounts receivable management, factoring services, and online banking and ATM services. It operates through four full-service banking offices located in Gadsden, Albertville, Alabama, Guntersville, and Centre, as well as through one commercial finance office located in Birmingham. The Southern Banc Company, Inc. was founded in 1936 and is based in Gadsden, Alabama.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10.60M | 8.83M | 7.09M | 5.55M | 5.77M | 5.65M | 5.53M | 4.35M | 4.20M | 2.76M | 2.89M | 2.50M | 2.41M | 2.18M | 2.09M | 2.63M | 3.27M | 3.12M | 3.52M | 2.92M | 2.67M | 2.98M | 3.10M | 3.00M | 3.10M | 3.10M |
| Cost of Revenue | -155.51K | 0.00 | 0.00 | 0.00 | 0.00 | -937.77K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 10.75M | 8.83M | 7.09M | 5.55M | 5.77M | 6.59M | 5.53M | 4.35M | 4.20M | 2.76M | 2.89M | 2.50M | 2.41M | 2.18M | 2.09M | 2.63M | 3.27M | 3.12M | 3.52M | 2.92M | 2.67M | 2.98M | 3.10M | 3.00M | 3.10M | 3.10M |
| Gross Profit Ratio | 101.47% | 100.00% | 100.00% | 100.00% | 100.00% | 116.59% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 583.26K | 3.29M | 2.59M | 403.00K | 455.00K | 954.10K | 892.66K | 844.56K | 872.09K | 774.36K | 750.23K | 657.74K | 2.11M | 1.84M | 1.78M | 1.25M | 1.27M | 1.24M | 1.11M | 1.05M | 1.13M | 1.26M | 1.40M | 1.40M | 1.40M | 1.30M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 2.43M | 2.61M | 2.59M | 2.34M | 2.31M | 2.31M | 2.22M | 2.22M | 1.97M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 583.26K | 3.29M | 2.59M | 403.00K | 455.00K | 3.55M | 3.24M | 3.15M | 3.18M | 3.00M | 2.97M | 2.63M | 2.11M | 1.84M | 1.78M | 1.25M | 1.27M | 1.24M | 1.11M | 1.05M | 1.13M | 1.26M | 1.40M | 1.40M | 1.40M | 1.30M |
| Other Expenses | 8.02M | -8.80M | -7.32M | -1.65M | -1.57M | -1.49M | -1.46M | -1.38M | -1.43M | 0.00 | 0.00 | 0.00 | -4.66M | -4.23M | -4.12M | -3.50M | -3.50M | -3.41M | -3.14M | -2.93M | -3.06M | -3.24M | -3.60M | -3.60M | -4.30M | -3.50M |
| Operating Expenses | 8.60M | -5.52M | -4.73M | 1.65M | 1.57M | 1.49M | 1.46M | 1.38M | 1.43M | 3.43M | 3.33M | 3.02M | -2.54M | -2.40M | -2.34M | -2.25M | -2.22M | -2.16M | -2.03M | -1.88M | -1.92M | -1.98M | -2.20M | -2.20M | -2.90M | -2.20M |
| Cost & Expenses | 8.60M | -5.52M | -4.73M | 4.91M | 5.34M | 5.02M | 6.04M | 5.63M | 6.41M | 3.43M | 3.33M | 3.02M | -2.54M | -2.40M | -2.34M | -2.25M | -2.22M | -2.16M | -2.03M | -1.88M | -1.92M | -1.98M | -2.20M | -2.20M | -2.90M | -2.20M |
| Interest Income | 9.94M | 9.22M | 7.08M | 5.23M | 5.38M | 5.48M | 5.38M | 4.22M | 3.93M | 3.39M | 3.33M | 3.23M | 4.61M | 5.23M | 5.14M | 4.96M | 4.97M | 5.01M | 5.89M | 6.30M | 6.81M | 6.94M | 7.00M | 7.40M | 7.50M | 7.70M |
| Interest Expense | 2.00M | 925.69K | 470.09K | 785.00K | 1.12M | 65.15K | 806.75K | 740.15K | 806.90K | 760.43K | 751.62K | 930.50K | 2.41M | 3.25M | 3.19M | 2.64M | 2.24M | 2.12M | 2.90M | 3.57M | 4.34M | 4.08M | 4.10M | 4.50M | 4.50M | 4.70M |
| Depreciation & Amortization | 91.76K | 83.44K | 81.25K | 82.94K | 79.06K | 68.89K | 63.01K | 75.11K | 83.18K | 670.85K | 440.90K | 518.49K | 91.83K | 86.28K | 105.38K | 162.47K | 290.03K | 488.50K | 412.43K | 190.60K | 256.98K | 284.95K | 300.00K | 300.00K | 500.00K | 300.00K |
| EBITDA | 2.23M | 3.40M | 2.43M | 2.59M | 1.95M | 2.41M | 0.00 | 0.00 | 0.00 | 582.36K | 359.91K | 459.59K | 174.78K | 0.00 | -127.30K | 0.00 | 127.56K | 1.53M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 21.06% | 38.47% | 34.35% | 1.49% | 1.37% | 1.22% | 1.14% | 22.40% | 40.27% | 18.89% | 12.16% | 17.30% | -1.87% | -5.83% | -7.33% | 20.55% | 40.81% | 46.33% | 54.12% | 42.06% | 37.59% | 43.18% | 38.71% | 36.67% | 22.58% | 38.71% |
| Operating Income | 2.23M | 3.31M | 2.35M | 646.52K | 429.36K | 633.62K | 154.25K | -1.28M | -2.20M | -670.85K | -440.90K | -518.49K | -136.90K | -213.57K | -258.23K | 377.63K | 1.04M | 958.24K | 1.49M | 1.04M | 745.74K | 1.00M | 900.00K | 800.00K | 200.00K | 900.00K |
| Operating Income Ratio | 21.06% | 37.53% | 33.20% | 11.64% | 7.44% | 11.21% | 2.79% | -29.41% | -52.45% | -24.32% | -15.27% | -20.72% | -5.69% | -9.79% | -12.38% | 14.37% | 31.93% | 30.69% | 42.39% | 35.52% | 27.96% | 33.62% | 29.03% | 26.67% | 6.45% | 29.03% |
| Total Other Income/Expenses | -91.76K | -716.59K | -680.45K | -606.03K | -505.50K | -535.22K | -501.93K | -531.28K | -560.02K | -848.91K | -832.60K | -989.40K | 0.00 | 76.57K | 0.00 | 0.00 | 0.00 | -1.00 | 0.00 | -3.31M | -289.93K | 0.00 | -4.37M | -4.80M | -4.80M | -700.00K |
| Income Before Tax | 2.14M | 3.31M | 2.35M | 646.52K | 429.36K | 633.62K | -501.93K | -1.28M | -2.20M | -670.85K | -440.90K | -518.49K | -136.90K | -213.57K | -258.23K | 377.63K | 1.04M | 958.24K | 1.49M | 1.04M | 745.74K | 1.00M | 900.00K | 800.00K | 200.00K | 900.00K |
| Income Before Tax Ratio | 20.19% | 37.53% | 33.20% | 11.64% | 7.44% | 11.21% | -9.07% | -29.41% | -52.45% | -24.32% | -15.27% | -20.72% | -5.69% | -9.79% | -12.38% | 14.37% | 31.93% | 30.69% | 42.39% | 35.52% | 27.96% | 33.62% | 29.03% | 26.67% | 6.45% | 29.03% |
| Income Tax Expense | 538.68K | 839.07K | 616.55K | 168.56K | 115.34K | 169.12K | 62.78K | -487.37K | -846.56K | 260.61K | 175.59K | 216.39K | -51.61K | -80.51K | -97.35K | 142.37K | 393.69K | 380.88K | 595.79K | 402.72K | 278.20K | 356.66K | 300.00K | 300.00K | 100.00K | 300.00K |
| Net Income | 1.60M | 2.47M | 1.74M | 478.00K | 314.02K | 464.50K | -564.72K | -792.39K | -1.36M | -410.24K | -265.31K | -302.10K | -85.29K | -133.06K | -160.88K | 235.27K | 649.60K | 577.35K | 894.46K | 632.94K | 467.54K | 645.73K | 600.00K | 500.00K | 100.00K | 600.00K |
| Net Income Ratio | 15.11% | 28.02% | 24.50% | 8.61% | 5.44% | 8.22% | -10.20% | -18.21% | -32.31% | -14.87% | -9.19% | -12.07% | -3.54% | -6.10% | -7.71% | 8.95% | 19.88% | 18.49% | 25.44% | 21.71% | 17.53% | 21.66% | 19.35% | 16.67% | 3.23% | 19.35% |
| EPS | 2.11 | 3.26 | 2.29 | 0.63 | 0.41 | 0.61 | -0.74 | -1.03 | -1.76 | -0.53 | -0.34 | -0.39 | -0.11 | -0.17 | -0.21 | 0.30 | 0.78 | 0.66 | 1.02 | 0.69 | 0.53 | 0.71 | 0.59 | 0.51 | 0.08 | 0.34 |
| EPS Diluted | 2.09 | 3.24 | 2.29 | 0.63 | 0.41 | 0.61 | -0.74 | -1.03 | -1.76 | -0.53 | -0.34 | -0.39 | -0.11 | -0.17 | -0.20 | 0.29 | 0.76 | 0.63 | 1.00 | 0.69 | 0.53 | 0.71 | 0.57 | 0.49 | 0.08 | 0.34 |
| Weighted Avg Shares Out | 760.44K | 758.65K | 756.90K | 761.18K | 764.15K | 766.83K | 766.83K | 769.82K | 773.44K | 773.44K | 774.93K | 774.63K | 780.32K | 780.32K | 779.21K | 796.29K | 836.03K | 878.39K | 876.17K | 911.12K | 882.15K | 903.20K | 1.01M | 980.39K | 1.25M | 1.76M |
| Weighted Avg Shares Out (Dil) | 765.24K | 763.06K | 759.94K | 761.18K | 764.15K | 766.83K | 766.83K | 769.82K | 773.44K | 773.44K | 774.93K | 780.32K | 780.38K | 780.99K | 785.17K | 808.42K | 854.35K | 912.70K | 894.42K | 913.01K | 882.15K | 910.93K | 1.05M | 1.02M | 1.25M | 1.76M |
The Southern Banc Company, Inc. Announces First Quarter Earnings
GADSDEN, Ala., Nov. 15, 2024 (GLOBE NEWSWIRE) -- The Southern Banc Company, Inc. (OTCBB: SRNN), the holding company for The Southern Bank Company, formerly First Federal Savings and Loan Association of Gadsden, Alabama, announced a net income of approximately $176,000,...
The Southern Banc Company, Inc. Announces Preliminary Fourth Quarter Earnings
GADSDEN, Ala., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Gates Little, President and Chief Executive Officer of The Southern Banc Company, Inc. (OTCBB: SRNN), the holding company for The Southern Bank Company, announced preliminary unaudited results (subject to audit adjustments following...
The Southern Banc Company, Inc. Announces Third Quarter Earnings
GADSDEN, Ala., May 14, 2024 (GLOBE NEWSWIRE) -- The Southern Banc Company, Inc. (OTCBB: SRNN), the holding company for The Southern Bank Company (the “Bank”), announced net income of approximately $340,000, or $0.45 per basic and $0.44 per diluted share,...
The Southern Banc Company, Inc. Announces Second Quarter Earnings
GADSDEN, Ala., Feb. 15, 2024 (GLOBE NEWSWIRE) -- The Southern Banc Company, Inc. (OTCBB: SRNN), the holding company for The Southern Bank Company, formerly First Federal Savings and Loan Association of Gadsden, Alabama, announced net income of approximately $471,000, or...
The Southern Banc Company, Inc. Announces First Quarter Earnings
GADSDEN, Ala., Nov. 10, 2023 (GLOBE NEWSWIRE) -- The Southern Banc Company, Inc. (OTCBB: SRNN), the holding company for The Southern Bank Company, formerly First Federal Savings and Loan Association of Gadsden, Alabama, announced a net income of approximately $367,000,...
CORRECTION: The Southern Banc Company, Inc. Announces Preliminary Fourth Quarter Earnings
GADSDEN, Ala., Aug. 23, 2023 (GLOBE NEWSWIRE) -- In a release issued under the same headline on August 22, 2023 at 16:37 ET by The Southern Banc Company, Inc. (OTCBB: SRNN), a figure was incorrect in the first table. The...
The Southern Banc Company, Inc. Announces Preliminary Fourth Quarter Earnings
GADSDEN, Ala., Aug. 22, 2023 (GLOBE NEWSWIRE) -- Gates Little, President and Chief Executive Officer of The Southern Banc Company, Inc. (OTCBB: SRNN), the holding company for The Southern Bank Company, announced preliminary unaudited results (subject to audit adjustments following...
The Southern Banc Company, Inc. Announces Preliminary Fourth Quarter Earnings
GADSDEN, Ala., Aug. 13, 2021 (GLOBE NEWSWIRE) -- Gates Little, President and Chief Executive Officer of The Southern Banc Company, Inc. (OTCBB: SRNN), the holding company for The Southern Bank Company, announced preliminary unaudited results (subject to audit adjustments following...
The Southern Banc Company, Inc. Announces Third Quarter Earnings
GADSDEN, Ala., May 14, 2021 (GLOBE NEWSWIRE) -- The Southern Banc Company, Inc. (OTCBB: SRNN), the holding company for The Southern Bank Company announced net income of approximately $138,000, or $0.18 per basic and diluted share, for the quarter ended...
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