One of the stocks which may come into focus among investors this morning is that of Security Bancorp Inc (OTCMKTS:SCYT). It is also the parent company of Security Federal Savings Bank of McMinnville, Tennessee. On Tuesday, Security Bancorp announced its consolidated financial results for the third fiscal quarter that had ended on December 31, 2022.
Trading Data
On Tuesday, SCYT stock ended flat at $60 with 85 shares, compared to its average volume 32 shares. The stock moved within a range of $60.00 – 60.00 after opening trade at $60.
Security Bancorp, Inc. Announces Third Quarter Earnings
The company announced that in the three months that ended on September 30, 2022 it had managed to generate net income to the tune of $877,000 which worked out to earnings of $2.34 a share. That was an improvement on the net income of $671000 in the prior year period. The earnings per share at the time was $1.79.
On the other hand, in the nine month period that had ended on September 30, 2022 the company had managed to generate net income to the tune of $2.2 million, which worked out to earnings per share of $5.86. In the prior year period, the net income had been only $2 million and earnings per share stood at $5.26.
The net interest income in the three month period was $2.4 million and that was an improvement on the $1.9 million that was generated in the prior year period.
