Security Federal's Q1 profit rises on higher non interest income

Security Federal

01/05/2026 15:07

Overview

U.S. regional bank's Q1 net income, EPS rose yr/yr on higher net interest and non-interest income

Company's provision for credit losses increased to $225,000 from zero a year ago

Non-performing assets as a share of total assets fell to 0.34% from 0.46% yr/yr

Outlook

Company did not provide specific guidance or outlook commentary for future periods in press release

Result Drivers

NET INTEREST INCOME - Co said higher net interest income, up 9.4% yr/yr, was a primary driver of increased net income

NON-INTEREST INCOME - Co said non-interest income rose 19.7% yr/yr, contributing to net income growth

CREDIT LOSS PROVISION - Co said provision for credit losses rose to $225,000 from zero a year ago, partially offsetting income gains

Company press release: ID:nGNX5Hq6QY

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$3.52 mln
Q1 Net Interest Income
$12.28 mln
Q1 Basic EPS
$1
Q1 Loan Loss Provision
$225,000
Q1 Pretax Profit
$4.42 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.)