Southern Banc posts higher Q3 profit as interest income rises

Southern Banc

14/05/2026 19:19

Overview

US regional bank's fiscal Q3 net income rose yr/yr on higher net interest income

Company's non-interest income fell and non-interest expenses rose in fiscal Q3

Increase in expenses mainly due to higher salaries and data processing costs

Outlook

Company did not provide specific guidance or outlook for future periods

Result Drivers

HIGHER INTEREST INCOME - Increase in total interest income was a primary driver of higher net interest income in Q3

LOWER INTEREST EXPENSE - Decrease in total interest expense contributed to higher net interest income

LOWER PROVISION FOR LOAN LOSSES - Provision for loan and lease losses fell to $57,000 from $99,000 yr/yr, supporting net income growth

Company press release: ID:nGNX4YD197

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
$363,000
Q3 Pretax Profit
$490,000


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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.)