Southern Banc (OTCMKTS:SRNN) Releases Earnings Results

Southern Banc (OTCMKTS:SRNN) posted its earnings results on Thursday. The company reported $0.48 earnings per share (EPS) for the quarter, Zacks reports. Southern Banc had a return on equity of 6.27% and a net margin of 8.42%.The business had revenue of $2.53 million during the quarter.

Southern Banc Stock Performance

Shares of OTCMKTS:SRNN remained flat at $11.60 during midday trading on Friday. The firm has a market capitalization of $9.40 million, a price-to-earnings ratio of 8.29 and a beta of -0.08. Southern Banc has a twelve month low of $9.71 and a twelve month high of $12.60. The business’s 50 day simple moving average is $11.63 and its 200 day simple moving average is $10.83.

About Southern Banc

The Southern Banc Company, Inc operates as the holding company for The Southern Bank company that provides various banking products and services in Alabama. The company’s personal banking products include checking accounts, home mortgage loans, home equity loans, auto loans, and personal loans. Its business banking products comprise business checking accounts, cash flow management, real estate lending, and equipment financing. The Southern Banc Company, Inc was founded in 1936 and is based in Gadsden, Alabama.