CSIMarket
 

Southeastern Bank Financial Corp  (SBFC)
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    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial

Southeastern Bank Financial's

Competitiveness


 

SBFC Sales vs. its Competitors Q3 2016



Comparing the current results to its competitors, Southeastern Bank Financial reported Revenue increase in the 3 quarter 2016 by 2.88 % year on year.
The sales growth was above Southeastern Bank Financial's competitors' average revenue growth of 2.75 %, achieved in the same quarter.

List of SBFC Competitors

With a net margin of 24.78 % Southeastern Bank Financial achieved higher profitability than its competitors.

More on SBFC Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Southeastern Bank Financial CorpNet Income in the 3 quarter 2016 fell year on year by -1.93%, while most of its competitors have experienced a contraction in net income by -2.45 %.

<<  SBFC Stock Performance Comparisons


Southeastern Bank Financial's Comment on Competitors and Industry Peers


The banking business generally is highly competitive, and sources of competition are varied. The Company competes as a financial intermediary with other commercial banks, savings and loan associations, credit unions, mortgage banking companies, consumer finance companies, securities brokerages, insurance companies, and money market mutual funds operating in Richmond and Columbia Counties in Georgia, Aiken County in South Carolina and elsewhere. In addition, customers conduct banking activities without regard to geographic barriers through computer-based banking and similar services.

Many of the financial organizations in competition with the Company have much greater financial resources, more diversified markets and larger branch networks than the Company and are able to offer similar services at varying costs with higher lending limits. In addition, with the enactment of federal and state laws affecting interstate and bank holding company expansion, there have been major interstate acquisitions involving financial institutions which have offices in the Company’s market area but are headquartered in other states. The effect of such acquisitions (and the possible increase in size of the financial institutions in the Company’s market areas) may further increase the competition faced by the Company. The Company believes, however, that it will be able to use its local independent image to its advantage in competing for retail and commercial business.