Security Federal Q2 net income rises on higher interest income

Security Federal

31/07/2026 16:24

Overview
U.S. regional bank's Q2 net income available to common shareholders rose 55% yr/yr on higher net interest and non-interest income
Provision for credit losses increased to $240,000 from zero a year ago
Allowance for credit losses to gross loans stood at 1.98%, little changed from a year earlier

Outlook
Company did not provide specific guidance or outlook for future quarters or the full year in its press release

Result Drivers
NET INTEREST INCOME - Co said higher net interest income, up 10.6% yr/yr, drove Q2 results
NON-INTEREST INCOME - Co said non-interest income rose 23.7% yr/yr, contributing to earnings growth

Company press release: ID:nGNX8Dblsw

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
 
$4.11 mln
 
Q2 Net Interest Income
 
$12.51 mln
 
Q2 Basic EPS
 
$1.19
 
Q2 Pretax Profit
 
$4.94 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.)