Southern Banc Co. (SRNN) Announces Earnings Results
Southern Banc Co. (OTCMKTS:SRNN) issued its quarterly earnings results on Wednesday. The company reported ($0.23) earnings per share for the quarter, Bloomberg Earnings reports. Southern Banc had a negative return on equity of 6.34% and a negative net margin of 18.23%.
Shares of Southern Banc (SRNN) remained flat at $$10.00 on Friday. Southern Banc has a one year low of $9.75 and a one year high of $15.00. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.41.
Southern Banc Company Profile
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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