Security Federal Q3 profit rises 13% on higher interest income
Overview
US regional bank's Q3 net income available to common shareholders rose 13% yr/yr
Q3 profit growth driven by higher net interest and non-interest income
Company authorized repurchase of up to 124,035 shares
Outlook
Company did not provide specific guidance for future quarters or the full year
Result Drivers
HIGHER NET INTEREST INCOME - Co said Q3 net interest income rose 4.9% yr/yr, helping drive profit growth
HIGHER NON-INTEREST INCOME - Co said Q3 non-interest income increased 6.0% yr/yr
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Net Income | $4.002 mln | ||
Q3 Net Interest Income | $12.67 mln | ||
Q3 Basic EPS | $1.16 | ||
Q3 Pretax Profit | $5 mln |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)