As the last day of the trading week comes along it may be a good time for investors to take a look at some of the stocks which are expected to be in focus today and one of those could be Southeastern Banking Corp (OTC:SEBC). The company announced its financial results for the fourth fiscal quarter and the full fiscal year 2024 yesterday.
The Numbers
In the news release, Southeastern Banking announced that it had recorded earnings of $10.6 million for the year, which reflected growth of 0.4% from the previous fiscal year. In the fourth quarter, the net income came in at $2.6 million, which was lower than the net income of $2.7 million in the prior year quarter. It was also noted that the return on average equity 14.45% for the fiscal year as opposed to 16.69% in the 2023 fiscal year.
Dividends
The company also announced that its Board of Directors had also declared a quarterly dividend to the tune of $0.21 a share. The dividends would be paid to all shareholders of record as on March 6, 2025 on March 13, 2025. It remains to be seen if the stock gets any traction today or not.
