logo
Share SHARE
FONT-SIZE Plus   Neg

Southeastern Bank Financial Q1 Profit Rises

Southeastern Bank Financial Corp. (SBFC) Friday reported first-quarter profit of $3.8 million or $0.57 per share, up from $3.3 million or $0.49 per share in the same period last year.

Net-interest income increased 4.5 percent to $13.2 million from $12.6 million last year. Net-interest margin was 3.40 percent, compared to 3.34 percent last year.

Non-interest income declined to $4.8 million from $10.1 million last year, due to slower mortgage volumes as well as the absence of any gains on the sale of investment securities.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Low-cost airline Allegiant Air announced its order for brand-new aircraft for the first time in its history. The carrier announced on Friday it had reached a deal to purchase 12 current-generation models of Airbus' A320 narrow-body jets. The company termed the deal as "another step towards Allegiant's... Los Angeles City officials have filed criminal charges against Soylent CEO Robert Rhinehart for placing a bright red shipping container on Montecito Heights hillside as part of his "experiment in sustainable living." City Attorney Mike Feuer Friday announced that his office has filed multiple criminal... A new study says that if Hillary Clinton is elected then her proposals will strengthen the U.S. economy and create millions of jobs. According to Moody's Analytics, Hillary Clinton's economic proposal would oversee a "somewhat stronger U.S. economy." The conclusion was reached after assessing her...
comments powered by Disqus
Follow RTT