{"success":true,"data":{"pressRelease":{"id":"157180","rtpr_id":"nGNX3NfMvZ-20260930","ticker":"SRNN","exchange":"OTC","all_tickers":["SRNN"],"title":"The Southern Banc Company, Inc. Announces Fourth Quarter and Full-Year Earnings Release","author":"Globe Newswire","published_at":"2026-09-30T18:08:25.246Z","article_body":"GADSDEN, Ala., Sept. 30, 2026 (GLOBE NEWSWIRE) -- Gates Little, President and\nChief Executive Officer of The Southern Banc Company, Inc. (OTCID: SRNN), the\nholding company for The Southern Bank Company, announced unaudited fourth\nquarter and audited full-year results for the fourth quarter and year ended\nJune 30, 2026.\n\nFor the three months ended June 30, 2026, the Company reported net income of\napproximately $493,000, or $0.65 per basic and $0.64 per diluted share\ncompared to net income of approximately $140,000, or $0.18 per basic and\ndiluted share, for the three months ended June 30, 2025. For the fiscal year\nended June 30, 2026, the Company recorded net income of approximately\n$1,415,000, or $1.86 per basic and $1.85 per diluted share, compared to net\nincome of approximately $915,000, or $1.20 per basic and diluted share, for\nthe fiscal year ended June 30, 2025.\n\nFor the three months ended June 30, 2026, net interest income increased\napproximately $599,000, or 26.39% compared to the same period in 2025. The\nincrease in net interest income for the three-month period was primarily\nattributable to an increase in interest and fees on loans in the amount of\napproximately $615,000, or 24.78%, and an increase in interest on securities\nof approximately $86,000, or 41.35%. During the period, interest on deposits\ndecreased approximately $5,000, or 0.73%. For the three months ended June 30,\n2026, the Company recorded approximately $330,000 in provision for loan\nlosses, compared to $249,000 for the same period in 2025.\n\nFor the fiscal year ended June 30, 2026, net interest income increased\napproximately $1,052,000, or 11.90% compared to fiscal year 2025. The increase\nin net interest income for the fiscal year ended June 30, 2026, was primarily\nattributable to an increase in interest and fees on loans of approximately\n$642,000 or 6.40%, an increase in interest on securities of approximately\n$311,000, or 42.20%, and an increase in other interest income of approximately\n$149,000 or 19.33%, offset in part by an increase in interest on deposits of\napproximately $50,000, or 1.85% compared to fiscal year 2025. For the fiscal\nyear ended June 30, 2026, the Company recorded approximately $471,000 in\nprovision for loan losses compared to $790,000 in 2025.\n\nFor the three months ended June 30, 2026, non-interest income decreased\napproximately $48,000, or 31.17% compared to the same period in 2025. The\ndecrease in non-interest income was primarily attributable to a decrease in\nmiscellaneous income of approximately $47,000, or 37.90%.\n\nFor the fiscal year ended June 30, 2026, non-interest income decreased\napproximately $74,000, or 12.44% compared to fiscal year 2025. The decrease in\nnon-interest income was primarily attributable to a decrease in miscellaneous\nincome of approximately $65,000, or 13.86%, and a decrease in customer service\nfees of approximately $9,000, or 7.14%.\n\nFor the three months ended June 30, 2026, total non-interest expense decreased\napproximately $25,000, or 1.24%, compared to the same three-month period in\n2025. The decrease in non-interest expense for the three-month period was\nprimarily attributable to decreases in salaries and benefits of approximately\n$64,000, or 4.81%, professional services of approximately $43,000, or 20.77%,\noffice occupancy expenses of approximately $3,000, or 3.33%, offset in part by\nincreases in data processing expense of approximately $19,000, or 9.79% and\nother operating expense of approximately $64,000, or 32.32%.\n\nFor the fiscal year ending June 30, 2026, total non-interest expense increased\napproximately $605,000, or 8.14%, compared to fiscal year 2025. The increase\nin total non-interest expense for the fiscal year was primarily attributable\nto increases in salary and benefit expense of approximately $468,000, or\n10.01%, data processing expense of approximately $60,000, or 8.02%, other\noperating expense of approximately $120,000, or 13.89%, offset in part by a\ndecrease in professional services expense of approximately $40,000, or 5.18%\nand office occupancy expense of approximately $5,000, or 1.33%.\n\nThe Company’s total assets on June 30, 2026, were approximately $131.8\nmillion compared to $124.0 million on June 30, 2025. Total stockholders’\nequity was approximately $18.4 million, or 13.97% of assets and $16.7 million,\nor 13.48% of assets on June 30, 2026 and 2025, respectively. The Company’s\ncapital position remained strong at June 30, 2026. The increase in\nstockholders’ equity was primarily attributable to fiscal year net income in\naddition to a decrease in the accumulated comprehensive losses due an\nimprovement in the bond market.\n\nThe improvement in earnings for both the fourth quarter and fiscal year 2026\nwere primarily driven by higher net interest income, the result of growth in\nboth loans receivable and securities available for sale. For the fiscal year,\nthe Company also benefited from lower provision for loan losses, partially\noffset by higher salaries and employee benefits, data processing expense, and\nother operating expense.\n\nThe fiscal year end 2026 results include audited financial information, while\nthe specific results for the fourth quarter of fiscal year 2026 are unaudited.\nThe unaudited financial information for the three months ended June 30, 2026,\nhas been prepared on the same basis as our audited financial information and\nincludes, in the opinion of management, all adjustments necessary to present\nthe data for such periods. The Company expects to release its full fiscal\nyear-end 2026 financial information, including the Annual Report to\nShareholders in October of 2026. Historical results are not necessarily\nindicative of future results. The Bank has four full-service banking offices\nlocated in Gadsden, Albertville, Guntersville, and Centre, AL, and one loan\nproduction office in Birmingham, AL. The stock of The Southern Banc Company,\nInc. is listed on the OTC Basic Market under the symbol “SRNN”.\n\nCertain statements in this release contain “forward-looking statements”\nwithin the meaning of the Private Securities Litigation Reform Act of 1995,\nwhich statements can generally be identified by the use of forward-looking\nterminology, such as “may,” “will,” “expect,” “estimate,”\n“anticipate,” “believe,” “target,” “plan,” “project,”\n“continue,” or the negatives thereof, or other variations thereon or\nsimilar terminology, and are made on the basis of management’s plans and\ncurrent analyses of the Company, its business and the industry as a whole.\nThese forward-looking statements are subject to risks and uncertainties,\nincluding, but not limited to, economic conditions, competition, interest rate\nsensitivity and exposure to regulatory and legislative changes. The above\nfactors, in some cases, have affected, and in the future could affect the\nCompany’s financial performance and could cause actual results to differ\nmaterially from those expressed or implied in such forward-looking statements,\neven if experience or future changes make it clear that any projected results\nexpressed or implied therein will not be realized.\n\n(Selected financial data attached)\n\n THE SOUTHERN BANC COMPANY, INC. CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Dollar Amounts in Thousands) \n \n June 30, June 30, \n 2026 2025 \n (Audited) (Audited) \n \n ASSETS \n CASH AND CASH EQUIVALENTS $ 19,184 $ 25,208 \n SECURITIES AVAILABLE FOR SALE, at fair value 43,424 39,327 \n FEDERAL HOME LOAN BANK (FHLB) STOCK 133 125 \n LOANS RECEIVABLE, net of allowance for loan losses of $1,715 and $1,839, respectively 65,358 55,794 \n PREMISES AND EQUIPMENT, net 1,148 1,007 \n ACCRUED INTEREST AND DIVIDENDS RECEIVABLE 1,105 869 \n PREPAID EXPENSES AND OTHER ASSETS 1,413 1,706 \n \n TOTAL ASSETS $ 131,765 $ 124,036 \n \n \n LIABILITIES \n DEPOSITS $ 104,341 $ 101,307 \n FHLB ADVANCES AND OTHER BORROWED MONEY 0 0 \n OTHER LIABILITIES 9,012 6,011 \n \n TOTAL LIABILITIES 113,353 107,318 \n \n STOCKHOLDERS' EQUITY: \n Preferred stock, par value $.01 per share 500,000 shares authorized; no shares issued and outstanding - - \n Common stock, par value $.01 per share, 3,500,000 authorized, 1,454,750 shares issued, 806,086 shares outstanding 15 15 \n Additional paid-in capital 13,951 13,948 \n Shares held in trust, 45,911 and 44,081 shares at cost, respectively (787 ) (762 ) \n Retained earnings 16,215 14,799 \n Treasury stock, at cost, 648,664 shares (8,825 ) (8,825 ) \n Accumulated other comprehensive income / (loss) (2,157 ) (2,457 ) \n TOTAL STOCKHOLDERS’ EQUITY 18,412 16,718 \n TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 131,765 $ 124,036 \n \n\n\n\n                        \n\n THE SOUTHERN BANC COMPANY, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Dollar Amounts in Thousands, except per share data) \n \n Three Months Ended Year Ended \n June 30, June 30, \n \n 2026 (Unaudited) 2025 (Unaudited) 2026 (Audited) 2025 (Audited) \n \n INTEREST INCOME: \n Interest and fees on loans $ 3,097 $ 2,482 $ 10,672 $ 10,030 \n Interest and dividends on securities 294 208 1,048 737 \n Other interest income 154 261 920 771 \n Total interest income 3,545 2,951 12,640 11,538 \n INTEREST EXPENSE: \n Interest on deposits 676 681 2,751 2,701 \n Interest on borrowings 0 0 0 0 \n Total interest expense 676 681 2,751 2,701 \n Net interest income before provision for loan losses 2,869 2,270 9,890 8,837 \n Provision for loan losses 330 249 471 790 \n Net interest income after provision for loan losses 2,539 2,021 9,419 8,047 \n NON-INTEREST INCOME: \n Fees and other non-interest income 29 30 117 126 \n Miscellaneous income 77 124 404 469 \n Total non-interest income 106 154 521 595 \n NON-INTEREST EXPENSE: \n Salaries and employee benefits 1,266 1,330 5,145 4,677 \n Equipment and Occupancy expenses 87 90 371 376 \n Professional Services Expense 164 207 732 772 \n Data Processing Expense 213 194 808 748 \n Loss on sale of securities, net 2 0 2 0 \n Other operating expense 262 198 984 864 \n Total non-interest expense 1,994 2,019 8,042 7,437 \n Income before income taxes 651 156 1,897 1,205 \n \n PROVISION FOR INCOME TAXES 158 16 482 290 \n Net Income $ 493 $ 140 $ 1,415 $ 915 \n EARNINGS PER SHARE: \n Basic $ 0.65 $ 0.18 $ 1.86 $ 1.20 \n Diluted $ 0.64 $ 0.18 $ 1.85 $ 1.20 \n \n DIVIDENDS DECLARED PER SHARE $ --- $ --- $ --- $ --- \n \n AVERAGE SHARES OUTSTANDING: \n Basic 760,175 762,005 760,752 760,322 \n Diluted 764,709 765,124 764,813 763,237 \n\nContact: Gates Little\n(256) 543-3860\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX3NfMvZ-20260930","title":"The Southern Banc Company, Inc. Announces Fourth Quarter and Full-Year Earnings Release","author":"Globe Newswire","ticker":"SRNN","created":"2026-09-30T18:08:25.246Z","tickers":["SRNN"],"exchange":"OTC","article_body":"GADSDEN, Ala., Sept. 30, 2026 (GLOBE NEWSWIRE) -- Gates Little, President and\nChief Executive Officer of The Southern Banc Company, Inc. (OTCID: SRNN), the\nholding company for The Southern Bank Company, announced unaudited fourth\nquarter and audited full-year results for the fourth quarter and year ended\nJune 30, 2026.\n\nFor the three months ended June 30, 2026, the Company reported net income of\napproximately $493,000, or $0.65 per basic and $0.64 per diluted share\ncompared to net income of approximately $140,000, or $0.18 per basic and\ndiluted share, for the three months ended June 30, 2025. For the fiscal year\nended June 30, 2026, the Company recorded net income of approximately\n$1,415,000, or $1.86 per basic and $1.85 per diluted share, compared to net\nincome of approximately $915,000, or $1.20 per basic and diluted share, for\nthe fiscal year ended June 30, 2025.\n\nFor the three months ended June 30, 2026, net interest income increased\napproximately $599,000, or 26.39% compared to the same period in 2025. The\nincrease in net interest income for the three-month period was primarily\nattributable to an increase in interest and fees on loans in the amount of\napproximately $615,000, or 24.78%, and an increase in interest on securities\nof approximately $86,000, or 41.35%. During the period, interest on deposits\ndecreased approximately $5,000, or 0.73%. For the three months ended June 30,\n2026, the Company recorded approximately $330,000 in provision for loan\nlosses, compared to $249,000 for the same period in 2025.\n\nFor the fiscal year ended June 30, 2026, net interest income increased\napproximately $1,052,000, or 11.90% compared to fiscal year 2025. The increase\nin net interest income for the fiscal year ended June 30, 2026, was primarily\nattributable to an increase in interest and fees on loans of approximately\n$642,000 or 6.40%, an increase in interest on securities of approximately\n$311,000, or 42.20%, and an increase in other interest income of approximately\n$149,000 or 19.33%, offset in part by an increase in interest on deposits of\napproximately $50,000, or 1.85% compared to fiscal year 2025. For the fiscal\nyear ended June 30, 2026, the Company recorded approximately $471,000 in\nprovision for loan losses compared to $790,000 in 2025.\n\nFor the three months ended June 30, 2026, non-interest income decreased\napproximately $48,000, or 31.17% compared to the same period in 2025. The\ndecrease in non-interest income was primarily attributable to a decrease in\nmiscellaneous income of approximately $47,000, or 37.90%.\n\nFor the fiscal year ended June 30, 2026, non-interest income decreased\napproximately $74,000, or 12.44% compared to fiscal year 2025. The decrease in\nnon-interest income was primarily attributable to a decrease in miscellaneous\nincome of approximately $65,000, or 13.86%, and a decrease in customer service\nfees of approximately $9,000, or 7.14%.\n\nFor the three months ended June 30, 2026, total non-interest expense decreased\napproximately $25,000, or 1.24%, compared to the same three-month period in\n2025. The decrease in non-interest expense for the three-month period was\nprimarily attributable to decreases in salaries and benefits of approximately\n$64,000, or 4.81%, professional services of approximately $43,000, or 20.77%,\noffice occupancy expenses of approximately $3,000, or 3.33%, offset in part by\nincreases in data processing expense of approximately $19,000, or 9.79% and\nother operating expense of approximately $64,000, or 32.32%.\n\nFor the fiscal year ending June 30, 2026, total non-interest expense increased\napproximately $605,000, or 8.14%, compared to fiscal year 2025. The increase\nin total non-interest expense for the fiscal year was primarily attributable\nto increases in salary and benefit expense of approximately $468,000, or\n10.01%, data processing expense of approximately $60,000, or 8.02%, other\noperating expense of approximately $120,000, or 13.89%, offset in part by a\ndecrease in professional services expense of approximately $40,000, or 5.18%\nand office occupancy expense of approximately $5,000, or 1.33%.\n\nThe Company’s total assets on June 30, 2026, were approximately $131.8\nmillion compared to $124.0 million on June 30, 2025. Total stockholders’\nequity was approximately $18.4 million, or 13.97% of assets and $16.7 million,\nor 13.48% of assets on June 30, 2026 and 2025, respectively. The Company’s\ncapital position remained strong at June 30, 2026. The increase in\nstockholders’ equity was primarily attributable to fiscal year net income in\naddition to a decrease in the accumulated comprehensive losses due an\nimprovement in the bond market.\n\nThe improvement in earnings for both the fourth quarter and fiscal year 2026\nwere primarily driven by higher net interest income, the result of growth in\nboth loans receivable and securities available for sale. For the fiscal year,\nthe Company also benefited from lower provision for loan losses, partially\noffset by higher salaries and employee benefits, data processing expense, and\nother operating expense.\n\nThe fiscal year end 2026 results include audited financial information, while\nthe specific results for the fourth quarter of fiscal year 2026 are unaudited.\nThe unaudited financial information for the three months ended June 30, 2026,\nhas been prepared on the same basis as our audited financial information and\nincludes, in the opinion of management, all adjustments necessary to present\nthe data for such periods. The Company expects to release its full fiscal\nyear-end 2026 financial information, including the Annual Report to\nShareholders in October of 2026. Historical results are not necessarily\nindicative of future results. The Bank has four full-service banking offices\nlocated in Gadsden, Albertville, Guntersville, and Centre, AL, and one loan\nproduction office in Birmingham, AL. The stock of The Southern Banc Company,\nInc. is listed on the OTC Basic Market under the symbol “SRNN”.\n\nCertain statements in this release contain “forward-looking statements”\nwithin the meaning of the Private Securities Litigation Reform Act of 1995,\nwhich statements can generally be identified by the use of forward-looking\nterminology, such as “may,” “will,” “expect,” “estimate,”\n“anticipate,” “believe,” “target,” “plan,” “project,”\n“continue,” or the negatives thereof, or other variations thereon or\nsimilar terminology, and are made on the basis of management’s plans and\ncurrent analyses of the Company, its business and the industry as a whole.\nThese forward-looking statements are subject to risks and uncertainties,\nincluding, but not limited to, economic conditions, competition, interest rate\nsensitivity and exposure to regulatory and legislative changes. The above\nfactors, in some cases, have affected, and in the future could affect the\nCompany’s financial performance and could cause actual results to differ\nmaterially from those expressed or implied in such forward-looking statements,\neven if experience or future changes make it clear that any projected results\nexpressed or implied therein will not be realized.\n\n(Selected financial data attached)\n\n THE SOUTHERN BANC COMPANY, INC. CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Dollar Amounts in Thousands) \n \n June 30, June 30, \n 2026 2025 \n (Audited) (Audited) \n \n ASSETS \n CASH AND CASH EQUIVALENTS $ 19,184 $ 25,208 \n SECURITIES AVAILABLE FOR SALE, at fair value 43,424 39,327 \n FEDERAL HOME LOAN BANK (FHLB) STOCK 133 125 \n LOANS RECEIVABLE, net of allowance for loan losses of $1,715 and $1,839, respectively 65,358 55,794 \n PREMISES AND EQUIPMENT, net 1,148 1,007 \n ACCRUED INTEREST AND DIVIDENDS RECEIVABLE 1,105 869 \n PREPAID EXPENSES AND OTHER ASSETS 1,413 1,706 \n \n TOTAL ASSETS $ 131,765 $ 124,036 \n \n \n LIABILITIES \n DEPOSITS $ 104,341 $ 101,307 \n FHLB ADVANCES AND OTHER BORROWED MONEY 0 0 \n OTHER LIABILITIES 9,012 6,011 \n \n TOTAL LIABILITIES 113,353 107,318 \n \n STOCKHOLDERS' EQUITY: \n Preferred stock, par value $.01 per share 500,000 shares authorized; no shares issued and outstanding - - \n Common stock, par value $.01 per share, 3,500,000 authorized, 1,454,750 shares issued, 806,086 shares outstanding 15 15 \n Additional paid-in capital 13,951 13,948 \n Shares held in trust, 45,911 and 44,081 shares at cost, respectively (787 ) (762 ) \n Retained earnings 16,215 14,799 \n Treasury stock, at cost, 648,664 shares (8,825 ) (8,825 ) \n Accumulated other comprehensive income / (loss) (2,157 ) (2,457 ) \n TOTAL STOCKHOLDERS’ EQUITY 18,412 16,718 \n TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 131,765 $ 124,036 \n \n\n\n\n                        \n\n THE SOUTHERN BANC COMPANY, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Dollar Amounts in Thousands, except per share data) \n \n Three Months Ended Year Ended \n June 30, June 30, \n \n 2026 (Unaudited) 2025 (Unaudited) 2026 (Audited) 2025 (Audited) \n \n INTEREST INCOME: \n Interest and fees on loans $ 3,097 $ 2,482 $ 10,672 $ 10,030 \n Interest and dividends on securities 294 208 1,048 737 \n Other interest income 154 261 920 771 \n Total interest income 3,545 2,951 12,640 11,538 \n INTEREST EXPENSE: \n Interest on deposits 676 681 2,751 2,701 \n Interest on borrowings 0 0 0 0 \n Total interest expense 676 681 2,751 2,701 \n Net interest income before provision for loan losses 2,869 2,270 9,890 8,837 \n Provision for loan losses 330 249 471 790 \n Net interest income after provision for loan losses 2,539 2,021 9,419 8,047 \n NON-INTEREST INCOME: \n Fees and other non-interest income 29 30 117 126 \n Miscellaneous income 77 124 404 469 \n Total non-interest income 106 154 521 595 \n NON-INTEREST EXPENSE: \n Salaries and employee benefits 1,266 1,330 5,145 4,677 \n Equipment and Occupancy expenses 87 90 371 376 \n Professional Services Expense 164 207 732 772 \n Data Processing Expense 213 194 808 748 \n Loss on sale of securities, net 2 0 2 0 \n Other operating expense 262 198 984 864 \n Total non-interest expense 1,994 2,019 8,042 7,437 \n Income before income taxes 651 156 1,897 1,205 \n \n PROVISION FOR INCOME TAXES 158 16 482 290 \n Net Income $ 493 $ 140 $ 1,415 $ 915 \n EARNINGS PER SHARE: \n Basic $ 0.65 $ 0.18 $ 1.86 $ 1.20 \n Diluted $ 0.64 $ 0.18 $ 1.85 $ 1.20 \n \n DIVIDENDS DECLARED PER SHARE $ --- $ --- $ --- $ --- \n \n AVERAGE SHARES OUTSTANDING: \n Basic 760,175 762,005 760,752 760,322 \n Diluted 764,709 765,124 764,813 763,237 \n\nContact: Gates Little\n(256) 543-3860\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-30T18:08:25.290453019Z","server_sent_at_ms":1790791705290},"received_at":"2026-09-30T18:08:25.440Z","source_url":null},"analysis":{"id":"145853","press_release_id":"157180","analysis_json":{"industry":{"label":"Banks","sector":"Financials"},"redFlags":["Q4 non-interest income fell 31.17% year-over-year","FY non-interest expense up 8.14%, led by 10% increase in salaries and benefits"],"eventType":"earnings","narrative":"The Southern Banc Company reported Q4 net income of approximately $493,000, or $0.65 per basic share, more than triple the $140,000 earned in the year-ago quarter.\n\nFull-year fiscal 2026 net income rose 55% to about $1.415 million ($1.86 basic EPS), driven by higher net interest income — up 26.39% in Q4 — and a lower provision for loan losses.\n\nTotal assets grew to $131.8 million with equity at $18.4 million (13.97% of assets); loans receivable rose to $65.4 million while deposits reached $104.3 million.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Micro-cap Alabama bank triples Q4 earnings on net interest income surge and loan growth."},"keyFigures":{"eps":1.85,"customDimensions":{"deposits":104341000,"fy_eps_basic":1.86,"q4_eps_basic":0.65,"total_assets":131765000,"fy_net_income":1415000,"q4_net_income":493000,"fy_eps_diluted":1.85,"q4_eps_diluted":0.64,"equity_to_assets":"13.97%","loans_receivable":65358000,"fy_net_income_prior":915000,"q4_net_income_prior":140000,"stockholders_equity":18412000,"fy_provision_for_loan_losses":471000,"q4_provision_for_loan_losses":330000,"fy_net_interest_income_growth":"11.90%","q4_net_interest_income_growth":"26.39%"}},"quotedText":"The improvement in earnings for both the fourth quarter and fiscal year 2026 were primarily driven by higher net interest income, the result of growth in both loans receivable and securities available for sale.","namedEntities":{"people":[{"name":"Gates Little","role":"President and CEO"}],"products":[],"companies":[{"name":"The Southern Banc Company, Inc.","ticker":"SRNN","relationship":"filer"},{"name":"The Southern Bank Company","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$493,000","context":"Q4 FY2026 net income"},{"amount":"$1,415,000","context":"FY2026 net income"},{"amount":"$131.8 million","context":"total assets at June 30, 2026"},{"amount":"$18.4 million","context":"total stockholders' equity at June 30, 2026"},{"amount":"$330,000","context":"Q4 provision for loan losses"}]},"materialImpact":{"score":3,"reasoning":"Q4 net income more than tripled to $493K ($0.65 basic EPS) from $140K, and FY net income rose 55% to $1.415M, driven by 26.4% Q4 net interest income growth and lower provision. Material improvement, but a micro-cap OTC bank with no surprise vs. consensus data."},"tickerRelevance":{"others":[],"primary":"SRNN"},"globalImportance":12,"audienceRelevance":5,"eventTypeSecondary":[],"importanceComponents":{"liquidity":"thinly traded OTC Basic Market","tickerTier":"micro-cap OTC","eventGravity":"routine earnings, strong improvement"}},"event_type":"earnings","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"The Southern Banc Company reported Q4 net income of approximately $493,000, or $0.65 per basic share, more than triple the $140,000 earned in the year-ago quarter.\n\nFull-year fiscal 2026 net income rose 55% to about $1.415 million ($1.86 basic EPS), driven by higher net interest income — up 26.39% in Q4 — and a lower provision for loan losses.\n\nTotal assets grew to $131.8 million with equity at $18.4 million (13.97% of assets); loans receivable rose to $65.4 million while deposits reached $104.3 million.","key_figures":{"eps":1.85,"customDimensions":{"deposits":104341000,"fy_eps_basic":1.86,"q4_eps_basic":0.65,"total_assets":131765000,"fy_net_income":1415000,"q4_net_income":493000,"fy_eps_diluted":1.85,"q4_eps_diluted":0.64,"equity_to_assets":"13.97%","loans_receivable":65358000,"fy_net_income_prior":915000,"q4_net_income_prior":140000,"stockholders_equity":18412000,"fy_provision_for_loan_losses":471000,"q4_provision_for_loan_losses":330000,"fy_net_interest_income_growth":"11.90%","q4_net_interest_income_growth":"26.39%"}},"named_entities":{"people":[{"name":"Gates Little","role":"President and CEO"}],"products":[],"companies":[{"name":"The Southern Banc Company, Inc.","ticker":"SRNN","relationship":"filer"},{"name":"The Southern Bank Company","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$493,000","context":"Q4 FY2026 net income"},{"amount":"$1,415,000","context":"FY2026 net income"},{"amount":"$131.8 million","context":"total assets at June 30, 2026"},{"amount":"$18.4 million","context":"total stockholders' equity at June 30, 2026"},{"amount":"$330,000","context":"Q4 provision for loan losses"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-30T18:08:31.858Z","global_importance":12,"audience_relevance":5,"importance_components":{"liquidity":"thinly traded OTC Basic Market","tickerTier":"micro-cap OTC","eventGravity":"routine earnings, strong improvement"}},"durationMs":6398,"modelName":"glm-5.3-flashx"}}