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Revenue for the forth quarter 2019 increased by 9.18 % to $
9 millions in comparison to $8 millions in the prior year quarter, income increased by 16.44 % to $0.49, as comparison at $0.42 in the prior year quarter.
Compare to previous quarter income faded by
-30.76 % from $0.71 per share and Revenue deteriorated by
-10.19 % from $10 millions.
Net income of $2 millions in the forth quarter 2019 increased by
16.38 % from net earnings of $1 millions reported in the forth quarter 2019 a year ago. Security Federal Corporation also emphasized it's improving profit margins, where net margin rose to 18.42% in forth quarter 2019, and operating margin edged up to 20.71%.
Looking into financial results for the fiscal year 2019, Security Federal Corporation reported Revenues of $
37 millions and net income of $
8 millions.
S&Ls Savings Banks Company explained also, that Income improved by 7.76 % to $2.50 per share from $2.32 in the previous fiscal year, while Revenues advanced by 8.67 % from $34 millions a year ago.
Security Federal Corporation is expected to report next financial results on May 12, 2020.
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