On Tuesday The Southern Banc Company, Inc. (OTCMKTS:SRNN) announced its financial results for the second fiscal quarter and it could be a good move for investors to consider taking a closer look into some of the highlights.
The Southern Banc Company, Inc. Announces Second Quarter Earnings
The company announced that it had managed to generate net income to the tune of $612,000 and that worked out to earnings per share of as much as $0.81 a share and $0.50 per diluted share. The numbers were for the second fiscal quarter that ended on December 31, 2022.
It was a much better performance than in the prior year’s quarter whenThe Southern Banc Company generated a net income of $451,000 which worked out to earnings of $0.60 per basis as well as diluted share.
For the six-month period that ended on December 31, 2022, The Southern Banc Company brought in a net income of $1,231,000 and which reflected earnings of $1.61 per basic share and $1.61 per diluted share. In the same six-month period in 2021, the company had net income of only $694,000 and earnings of $0.94 for each basic and diluted share.
