GADSDEN, Ala., Nov. 10, 2023 (GLOBE NEWSWIRE) — The Southern Banc Company, Inc. (OTCBB: SRNN), the holding company for The Southern Bank Company, formerly First Federal Savings and Loan Association of Gadsden, Alabama, announced a net income of approximately $367,000, or $0.48 per basic and diluted share, for the quarter ended September 30, 2023, as compared to a net income of approximately $619,000, or $0.82 per basic share and $0.81 per diluted share, for the quarter ended September 30, 2022.
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