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Security Federal Corp  (SFDL)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $23.8400 $-0.16 -0.667%
Day's High: $23.84 Week Perf: 3.65 %
Day's Low: $ 23.84 30 Day Perf: 8.36 %
Volume (M): 0 52 Wk High: $ 25.72
Volume (M$): $ 10 52 Wk Avg: $23.02
Open: $23.84 52 Wk Low: $20.30



 Market Capitalization (Millions $) 77
 Shares Outstanding (Millions) 3
 Employees 190
 Revenues (TTM) (Millions $) 48
 Net Income (TTM) (Millions $) 10
 Cash Flow (TTM) (Millions $) 100
 Capital Exp. (TTM) (Millions $) 3

Security Federal Corp

As a South Carolina corporation, the Company is authorized to engage in any activity permitted by South Carolina General Corporation Law. The Company is a one bank holding company. Through the bank holding company structure, it is possible to expand the size and scope of the financial services offered beyond those currently offered by the Bank. The holding company structure also provides the Company with greater flexibility than the Bank would have to diversify its business activities, through existing or newly formed subsidiaries, or through acquisitions or mergers of financial institutions as well as other companies. There are no current arrangements, understandings or agreements regarding any such acquisition. Future activities of the Company, other than the continuing operations of Security Federal, will be funded through dividends from Security Federal and through borrowings from third parties.

Community Development Capital Initiative ("CDCI"). On September 29, 2010, the Company entered into a Letter Agreement with the U.S. Department of the Treasury ("Treasury") in connection with its participation in the CDCI which was established by the Treasury pursuant to the Troubled Asset Relief Program ("TARP"). The CDCI was established by the Treasury to invest lower cost capital in Community Development Financial Institutions ("CDFI"), supporting their efforts to provide credit to small businesses and other qualified customers.

Pursuant to the CDCI, the Company entered into an Exchange Agreement with the Treasury and exchanged the 18,000 shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A ("Series A Preferred Stock"), previously sold to the Treasury on December 19, 2008 pursuant to the TARP Capital Purchase Program ("CPP"), for 18,000 shares of newly designated Fixed Rate Cumulative Perpetual Preferred Stock, Series B ("Series B Preferred Stock").

In addition to, and in connection with the Companys participation in the CDCI, on September 29, 2010, the Company entered into a Letter Agreement with the Treasury (including the Securities Purchase Agreement - Standard Terms, the "Purchase Agreement"), pursuant to which the Company sold an additional 4,000 shares of Series B Preferred Stock to the Treasury at a price of $4.0 million. As a result of its participation in the CDCI and the transactions under the Exchange Agreement and the Purchase Agreement, the Treasury now holds 22,000 shares of the Companys Series B Preferred Stock, with an aggregate liquidation preference amount of $22.0 million.

The additional capital received by the Company from Treasury pursuant to the Purchase Agreement was contingent upon the Companys completion of a separate stock offering of the same amount, as required by the Companys prior federal regulator, the Office of Thrift Supervision ("OTS"). In satisfaction of this requirement, on September 29, 2010, the Company sold 400,000 shares of its common stock to certain accredited investors in a private placement at a price of $10.00 per share, for gross proceeds of $4.0 million.

Security Federals principal lending activities are making loans on commercial real estate and one-to-four family residential real estate. The Bank originates fixed rate residential real estate loans for sale in the secondary market and adjustable rate mortgage loans ("ARMS") to be held in its portfolio. The Bank also originates construction loans on single family residences, multi-family dwellings and commercial real estate, and loans for the acquisition, development and construction of residential subdivisions and commercial projects. To a lesser extent, the Bank originates consumer loans and commercial business loans.




   Company Address: 238 Richland Avenue Northwest Aiken 29801 SC
   Company Phone Number: 641-3000   Stock Exchange / Ticker: SFDL
   


Customers Net Income fell by SFDL's Customers Net Profit Margin fell to

-4.24 %

11.09 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AMNB   -1.65%    
BAC   -4.56%    
• View Complete Report
   



Security Federal Corp

Security Federal Corp. Sees Modest Revenue Growth in Recent Fiscal Period

The stock market is always buzzing with news and updates on various companies, and one recent report that caught the attention of many investors is the financial results of Security Federal Corp. (SFDL). The company recently published their moderate revenue advance of 0.502% to $13.18 million in the most recent fiscal period. This growth in revenue is a positive sign for the company, indicating that they are able to attract and retain customers, and generate income.
Earnings per share also grew by 10.44% to $1.12 year on year, showing that the company is profitable and able to generate returns for its shareholders. Net profits of $3.616 million in the financial period ending December 31, 2023, increased by 9.92% from the net earnings reported a year ago. These figures demonstrate that Security Federal Corp. is experiencing growth and profitability, which is good news for investors.

Security Federal Corp

Security Federal Corp Witnesses a Subdued Drop of -6.023% in Revenue Amidst Third Quarter of 2023 Earnings Season



Security Federal Corp, a regional bank, recently released its financial results for the third quarter of the 2023 earnings season. The report showcased a decline in income per share and revenue, along with a decrease in net income compared to the previous year. These figures raise questions about the company's future prospects and require a deeper analysis to understand the potential impact.
Income per Share and Revenue:
The most noticeable decline was in the income per share, which dropped by -34.34% from $0.99 to $0.65 compared to a year ago. However, it is worth noting that income per share saw an increase of 18.18% from $0.55 in the previous reporting period. The revenue also experienced a decline of -6.023% to $11.61 million from $12.36 million in the same reporting period a year ago.

Security Federal Corp

Security Federal Corp's Troubling Financial Results Signal Uncertain Future in Regional Banks Industry



Security Federal Corp (SFDL) recently announced its financial results for the second quarter of the 2023 earnings season, revealing a concerning decline in earnings and revenue. These results raise questions about the company's future prospects and its ability to navigate challenges within the Regional Banks industry.
Earnings and Revenue Deterioration:
During the second quarter of 2023, SFDL experienced a decline in earnings per share (EPS) of -17.91%, dropping to $0.55 from $0.67 compared to the same period in the previous year. This decline was accompanied by a -0.241% depreciation in revenue, falling to $11.15 million. In contrast to this disappointing performance, the Regional Banks industry recorded a notable 15.16% gain in revenue relative to the same period a year ago.

Security Federal Corporation

Security Federal Corporation Defies Market Trends, Achieves Meteoric 72.63% Rise in Net Earnings in Q1 2023

Security Federal Corporation is proving to be a lucrative investment option with its recent impressive financial results for the fiscal year starting from January to March 31, 2023. The company has shown a remarkable growth with revenue reaching $12.44 million, which is an 18.418 % increase year on year. While quarterly results showed a slight decrease by -5.108%, it should be noted that the impressive yearly results show the strength of this company and firmly position Security Federal Corporation as a secure investment option.
Notably, the company's income per share also showed a 70.83% increase to $0.82, indicating strong management of its financials. Even though profits fell by -18.91% sequentially, the net earnings for the fiscal first quarter of 2023 rose by 72.63% to $2.674 million from $1.549 million reported in the fiscal first quarter of 2022. This is an outstanding feat and is evidence of the company's continued growth in the market.






 

Security Federal's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Security Federal does not provide revenue guidance.

Earnings Outlook
Security Federal Corp does not provide earnings estimates.

 
Geographic Revenue Dispersion




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