Security Federal Corporation (SFDL)
| Sector • Financial Industry • Regional Banks |
| Industry • Regional Banks |
| Sector • Financial |
Excellent performance by the company over the most recent fiscal period
company recorded fourth quarter of 2022 operating income of $4.190835 million
Published Mar 25 2023
Goran Soko / CSIMarket.com Contributer
![bank_interior_By_John_Bradley_(Own_work)_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons](../news/img/banks/bank_interior_By_John_Bradley_(Own_work)_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons.jpg "bank_interior_By_John_Bradley_(Own_work)_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Commons")
Shifting our regard to the Dec 31 2022 report bottom-line jumped by 62.16 % to $1.01 per share, followed by Revenue increase of 14.164 % to $13.11 million, compared with the prior year period. From the previous quarter, income improved by 2.14 % from $0.99 per share and revenue advanced by 6.115 % from $12.36 million.
Earnings of $3.289 million in the fourth quarter of 2022 increased by 62.16 % from net earnings of $2.028 million reported in the fourth quarter of 2022 a year ago. Security Federal Corporation also emphasized it's improving profit margins, where net margin rose to 25.08% in fourth quarter of 2022, and operating margin edged up to 31.96%.
Operating earnings, however, rose 64.68% to $4.190835 million. Looking further into SFDLs' reports for the fiscal year 2022, company declared revenue of $47.16 million and bottom-line of $10.23 million.
Regional Banks company voiced also, that bottom-line deteriorated by -20.1 % to $3.14 per share from $3.93 in the previous fiscal year , told as well, that Revenue decreased by -2.42 % from $48.33 million a year prior.
Security Federal Corporation is expected to report next financial earnings on May 15, 2023.