Vmbook Online ordering

Savings Loans

Southern Banc Company, Inc. (SRNN) is a bank holding company based in South Carolina, USA. The company operates through its subsidiary, Southern Bank, and offers a range of financial products and services to individuals, businesses, and organizations.

As of the time of this writing, Southern Banc Company has a market capitalization of approximately $60 million and trades on the over-the-counter (OTC) market. The company's stock price has fluctuated over the past year, but has generally trended downward.

In terms of financial performance, Southern Banc Company reported net income of $3.3 million for the full year 2021, representing an increase of 15.4% compared to the previous year. The company's earnings per share (EPS) for 2021 was $0.76, up from $0.66 in 2020.

One of the key drivers of Southern Banc Company's growth has been its focus on expanding its presence in the Southeastern United States. The company has opened several new branches in recent years and has also made strategic acquisitions to expand its footprint and capabilities.

However, it's important to note that investing in any stock, including Southern Banc Company, involves risks, and it's important to do thorough research and consult with a financial advisor before making any investment decisions.

Some of the risks that Southern Banc Company faces include interest rate risk, credit risk, operational risk, and regulatory risk. Changes in interest rates, for example, could negatively impact the company's net interest margin and profitability. Additionally, the company is subject to regulatory requirements and scrutiny, which could impact its business operations.

Overall, Southern Banc Company has shown resilience in its financial performance and growth trajectory, but investors should carefully consider the risks involved before investing in the stock.