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Gadsden Today
By the People, for the People
Southern Banc Company Reports Q2 2026 Earnings
Bank sees increase in net interest income and net income for the quarter and six-month period
Published on Feb. 11, 2026
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The Southern Banc Company, Inc., the holding company for The Southern Bank Company, announced net income of approximately $371,000, or $0.49 per basic and diluted share, for the three months ended December 31, 2025, compared to net income of approximately $369,000, or $0.49 per basic share and $0.48 per diluted share, for the same period in 2024. For the six months ending December 31, 2025, the Company recorded net income of approximately $559,000, or $0.73 per basic and diluted share, compared to net income of approximately $545,000, or $0.72 per basic share and $0.71 per diluted share, for the six months ending December 31, 2024.
Why it matters
The Southern Banc Company's earnings report highlights the bank's continued profitability and growth, despite the challenging economic environment. The increase in net interest income and net income demonstrates the bank's ability to effectively manage its operations and serve its customers.
The details
The increase in net interest income before provision for loan losses for the three months ended December 31, 2025 was primarily attributable to an increase in total interest income of approximately $177,000, offset by an increase in total interest expense of approximately $27,000. The bank recorded a provision for loan losses of approximately $8,000 in the three months ending December 31, 2025, compared to $69,000 in the same period in 2024. For the six months ended December 31, 2025, the bank's net interest income before provision for loan losses totaled approximately $4.6 million, an increase of approximately $254,000, or 5.82%, when compared to the six months ended December 31, 2024.
- The company's fiscal year ends June 30, 2026.
- The earnings report covers the three months ended December 31, 2025 and the six months ending December 31, 2025.
The players
The Southern Banc Company, Inc.
The holding company for The Southern Bank Company, formerly First Federal Savings and Loan Association of Gadsden, Alabama.
Gates Little
President and Chief Executive Officer of The Southern Banc Company, Inc.
The Southern Bank Company
A subsidiary of The Southern Banc Company, Inc. that operates four full-service banking offices in Gadsden, Albertville, Guntersville, and Centre, AL, and one loan production office in Birmingham, AL.
What they’re saying
“Gates Little, President and Chief Executive Officer of the Company, stated that the Company's net interest income before provision for loan losses totaled approximately $2.4 million during the three months ended December 31, 2025, as compared to approximately $2.2 million in the same period in 2024, an increase of approximately $150,000, or 6.74%.”
— Gates Little, President and Chief Executive Officer
The takeaway
The Southern Banc Company's strong financial performance in the second quarter of fiscal year 2026 demonstrates its ability to navigate the current economic landscape and continue delivering value to its shareholders. The bank's focus on prudent lending practices and effective cost management has allowed it to maintain profitability and growth, positioning it well for the future.
