Southern Banc Company Inc (SRNN) Posts Quarterly Earnings Results
Southern Banc Company Inc (NASDAQ:SRNN) released its earnings results on Wednesday. The company reported ($0.58) earnings per share for the quarter, Bloomberg Earnings reports. The firm had revenue of $0.98 million during the quarter. Southern Banc had a negative return on equity of 2.06% and a negative net margin of 7.20%.
Southern Banc (NASDAQ SRNN) opened at 10.12 on Thursday. Southern Banc has a 12 month low of $9.70 and a 12 month high of $15.00. The stock’s market capitalization is $7.75 million. The company’s 50-day moving average is $11.08 and its 200-day moving average is $11.47.
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About Southern Banc
The Southern Banc Company, Inc is a bank holding company for The Southern Bank Company (Bank). The Bank is engaged in the business of obtaining funds in the form of various deposit products and investing those funds in mortgage loans or single family real estate, commercial and consumer loans. The Bank’s business consists of accepting deposits from the general public through the Bank’s main and branch offices, and investing those funds in loans secured by one- to four-family residential properties, commercial and consumer loans located in the Bank’s primary market area.
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