<div id="readability-page-1"><article><p>GADSDEN, Ala., Feb.  11, 2026  (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 net income of approximately $371,000, or $0.49 per basic and diluted share, for the three months ended December 31, 2025, as compared to net income of approximately $369,000, or $0.49 per basic share and $0.48 per diluted share, for the three months ended December 31, 2024. For the six months ending December 31, 2025, the Company recorded net income of approximately $559,000, or $0.73 per basic and diluted share, as compared to net income of approximately $545,000, or $0.72 per basic share and $0.71 per diluted share, for the six months ending December 31, 2024. The Company’s fiscal year ends June 30, 2026.</p> <p>Gates Little, President and Chief Executive Officer of the Company, stated that the Company’s net interest income before provision for loan losses totaled approximately $2.4 million during the three months ended December 31, 2025, as compared to approximately $2.2 million in the same period in 2024, an increase of approximately $150,000, or 6.74%. The increase in the net interest income before provision for loan losses for the three months ended December 31, 2025, was primarily attributable to an increase in total interest income of approximately $177,000, offset by an increase in total interest expense of approximately $27,000. In the three months ending December 31, 2025, the Bank recorded a provision for loan losses of approximately $8,000 compared to the $69,000 provision for loan losses during the three months ending December 31, 2024. For the three months ending December 31, 2025, total non-interest income decreased approximately $14,000, or (9.24%), while total non-interest expense increased approximately $193,000, or 10.73%, as compared to the same three-month period in 2024. The decrease in non-interest income was primarily attributable to a decrease in miscellaneous income of approximately $10,000. The increase in non-interest expense was primarily attributable to increases in salaries and benefits of approximately $124,000, office building expense of approximately $5,000, other operating expenses of approximately $43,000, professional service expenses of approximately $9,000, and an increase in data processing expense of approximately $12,000.</p> <p>For the six months ended December 31, 2025, the Company’s net interest income before provision for loan losses totaled approximately $4.6 million, an increase of approximately $254,000, or 5.82%, when compared to the six months ended December 31, 2024. The increase in net interest income before provision for loan losses was primarily attributable to an increase in total interest income of approximately $323,000, or 5.67%, offset by an increase in total interest expense of approximately $69,000, or 5.18%. For the six months ending December 31, 2025, the Bank recorded provisions for loan losses of approximately $84,000 as compared to $442,000 for the same period in 2024. For the six months ended December 31, 2025, total non-interest income decreased approximately $16,000, or 5.10%, compared to the same period in 2024, while non-interest expense increased approximately $577,000, or 16.55%. The decrease in non-interest income was primarily attributable to a decrease in customer service fees of approximately $10,000 and a decrease in miscellaneous income of approximately $6,000. The increase in non-interest expense was primarily attributable to increases in salaries and benefits of approximately $436,000, office and equipment of approximately $9,000, professional service expenses of approximately $19,000, data processing expense of approximately $26,000, and other operating expenses of approximately $87,000.</p> <p>The Company’s total assets at December 31, 2025, were approximately $128.8 million, as compared to approximately $124.0 million at June 30, 2025. Total stockholders’ equity was approximately $17.8 million at December 31, 2025, or 13.79% of total assets, as compared to approximately $16.7 million at June 30, 2025, or 13.48% of total assets.</p> <p>The Bank has four full-service banking offices located in Gadsden, Albertville, Guntersville, and Centre, AL, and one loan production office in Birmingham, AL. The stock of The Southern Banc Company, Inc. trades in the over-the-counter market under the symbol “SRNN”.</p> <p>Certain statements in this release contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which statements can generally be identified by the use of forward-looking terminology, such as “may,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “target,” “plan,” “project,” “continue,” or the negatives thereof, or other variations thereon or similar terminology, and are made on the basis of management’s plans and current analyses of the Company, its business and the industry as a whole. These forward-looking statements are subject to risks and uncertainties, including, but not limited to, economic conditions, competition, interest rate sensitivity and exposure to regulatory and legislative changes. The above factors, in some cases, have affected, and in the future could affect the Company’s financial performance and could cause actual results to differ materially from those expressed or implied in such forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.</p> <p>(Selected financial data attached)</p> <table><tbody><tr><td colspan="8">THE SOUTHERN BANC COMPANY, INC.</td></tr><tr><td colspan="8">UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION</td></tr><tr><td colspan="8">(Dollar Amounts in Thousands)</td></tr><tr><td colspan="8"> </td></tr><tr><td> </td><td> </td><td colspan="2">December 31,</td><td> </td><td> </td><td colspan="2">June 30,</td></tr><tr><td> </td><td> </td><td colspan="2">2025<br/></td><td> </td><td> </td><td colspan="2">2025<br/></td></tr><tr><td> </td><td> </td><td colspan="2">Unaudited</td><td> </td><td> </td><td colspan="2">Audited</td></tr><tr><td>ASSETS</td><td> </td><td colspan="2"> </td><td> </td><td> </td><td colspan="2"> </td></tr><tr><td>CASH AND CASH EQUIVALENTS</td><td>$</td><td>27,001</td><td> </td><td> </td><td>$</td><td>25,208</td><td> </td></tr><tr><td>SECURITIES AVAILABLE FOR SALE, at fair value</td><td> </td><td>40,924</td><td> </td><td> </td><td> </td><td>39,327</td><td> </td></tr><tr><td>FEDERAL HOME LOAN BANK STOCK</td><td> </td><td>125</td><td> </td><td> </td><td> </td><td>125</td><td> </td></tr><tr><td>LOANS RECEIVABLE, net of allowance for loan losses</td><td> </td><td colspan="2"> </td><td> </td><td> </td><td colspan="2"> </td></tr><tr><td>of $1,109 and $1,839, respectively</td><td> </td><td>57,369</td><td> </td><td> </td><td> </td><td>55,794</td><td> </td></tr><tr><td>PREMISES AND EQUIPMENT, net</td><td> </td><td>955</td><td> </td><td> </td><td> </td><td>1,007</td><td> </td></tr><tr><td>ACCRUED INTEREST AND DIVIDENDS RECEIVABLE</td><td> </td><td>980</td><td> </td><td> </td><td> </td><td>869</td><td> </td></tr><tr><td>PREPAID EXPENSES AND OTHER ASSETS</td><td> </td><td>1,423</td><td> </td><td> </td><td> </td><td>1,706</td><td> </td></tr><tr><td> </td><td> </td><td colspan="2"> </td><td> </td><td> </td><td colspan="2"> </td></tr><tr><td>TOTAL ASSETS</td><td>$</td><td>128,777</td><td> </td><td> </td><td>$</td><td>124,036</td><td> </td></tr><tr><td> </td><td> </td><td colspan="2"> </td><td> </td><td> </td><td colspan="2"> </td></tr><tr><td>LIABILITIES</td><td> </td><td colspan="2"> </td><td> </td><td> </td><td colspan="2"> </td></tr><tr><td>DEPOSITS</td><td>$</td><td>102,864</td><td> </td><td> </td><td>$</td><td>101,307</td><td> </td></tr><tr><td>OTHER LIABILITIES</td><td> </td><td>8,155</td><td> </td><td> </td><td> </td><td>6,011</td><td> </td></tr><tr><td>TOTAL LIABILITIES</td><td> </td><td>111,019</td><td> </td><td> </td><td> </td><td>107,318</td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>STOCKHOLDERS' EQUITY:</td><td> </td><td colspan="2"> </td><td> </td><td> </td><td colspan="2"> </td></tr><tr><td>Preferred stock, par value $.01 per share</td><td> </td><td colspan="2"> </td><td> </td><td> </td><td colspan="2"> </td></tr><tr><td>500,000 shares authorized; no shares issued</td><td> </td><td colspan="2"> </td><td> </td><td> </td><td colspan="2"> </td></tr><tr><td>and outstanding</td><td> </td><td>-</td><td> </td><td> </td><td> </td><td>-</td><td> </td></tr><tr><td>Common stock, par value $.01 per share,</td><td> </td><td colspan="2"> </td><td> </td><td> </td><td colspan="2"> </td></tr><tr><td>3,500,000 authorized, 1,454,750 shares issued</td><td> </td><td>15</td><td> </td><td> </td><td> </td><td>15</td><td> </td></tr><tr><td>Additional paid-in capital</td><td> </td><td>13,950</td><td> </td><td> </td><td> </td><td>13,948</td><td> </td></tr><tr><td>Shares held in trust, 45,911 and 44,081 shares at cost, respectively</td><td> </td><td>(787</td><td>)</td><td> </td><td> </td><td>(762</td><td>)</td></tr><tr><td>Retained earnings</td><td> </td><td>15,359</td><td> </td><td> </td><td> </td><td>14,799</td><td> </td></tr><tr><td>Treasury stock, at cost, 648,664 shares</td><td> </td><td>(8,825</td><td>)</td><td> </td><td> </td><td>(8,825</td><td>)</td></tr><tr><td>Accumulated other comprehensive (loss) income</td><td> </td><td>(1,954</td><td>)</td><td> </td><td> </td><td>(2,457</td><td>)</td></tr><tr><td>TOTAL STOCKHOLDERS’ EQUITY</td><td> </td><td>17,758</td><td> </td><td> </td><td> </td><td>16,718</td><td> </td></tr><tr><td>TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY</td><td>$</td><td>128,777</td><td> </td><td> </td><td>$</td><td>124,036</td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr></tbody></table>  <table><tbody><tr><td colspan="11">THE SOUTHERN BANC COMPANY, INC.</td></tr><tr><td colspan="11">UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME</td></tr><tr><td colspan="11">(Dollar Amounts in Thousands, except per share data)</td></tr><tr><td colspan="11"> </td></tr><tr><td> </td><td> </td><td colspan="4">Three Months Ended</td><td> </td><td> </td><td colspan="3">Six Months Ended</td></tr><tr><td> </td><td> </td><td colspan="4">December 31,</td><td> </td><td> </td><td colspan="3">December 31,</td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td>2025<br/>(Unaudited)</td><td> </td><td> </td><td>2024</td><td> </td><td> </td><td>2025<br/>(Unaudited)</td><td> </td><td>2024<br/></td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>INTEREST INCOME:<br/></td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>Interest and fees on loans</td><td>$</td><td>2,557</td><td> </td><td>$</td><td>2,598</td><td> </td><td>$</td><td>4,989</td><td>$</td><td>5,072</td></tr><tr><td>Interest and dividends on securities</td><td> </td><td>265</td><td> </td><td> </td><td>179</td><td> </td><td> </td><td>503</td><td> </td><td>345</td></tr><tr><td>Other interest income</td><td> </td><td>258</td><td> </td><td> </td><td>126</td><td> </td><td> </td><td>529</td><td> </td><td>281</td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>Total interest income</td><td> </td><td>3,080</td><td> </td><td> </td><td>2,903</td><td> </td><td> </td><td>6,021</td><td> </td><td>5,698</td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>INTEREST EXPENSE:</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>Interest on deposits</td><td> </td><td>717</td><td> </td><td> </td><td>690</td><td> </td><td> </td><td>1,404</td><td> </td><td>1,335</td></tr><tr><td>Interest on borrowings</td><td> </td><td>0</td><td> </td><td> </td><td>0</td><td> </td><td> </td><td>0</td><td> </td><td>0</td></tr><tr><td>Total interest expense</td><td> </td><td>717</td><td> </td><td> </td><td>690</td><td> </td><td> </td><td>1,404</td><td> </td><td>1,335</td></tr><tr><td>Net interest income before provision for loan losses</td><td> </td><td>2,362</td><td> </td><td> </td><td>2,213</td><td> </td><td> </td><td>4,617</td><td> </td><td>4,363</td></tr><tr><td>Provision for loan losses</td><td> </td><td>8</td><td> </td><td> </td><td>69</td><td> </td><td> </td><td>84</td><td> </td><td>442</td></tr><tr><td>Net interest income after provision for loan losses</td><td> </td><td>2,354</td><td> </td><td> </td><td>2,144</td><td> </td><td> </td><td>4,533</td><td> </td><td>3,921</td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>NON-INTEREST INCOME:</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>Fees and other non-interest income</td><td> </td><td>27</td><td> </td><td> </td><td>31</td><td> </td><td> </td><td>56</td><td> </td><td>66</td></tr><tr><td>Miscellaneous income</td><td> </td><td>114</td><td> </td><td> </td><td>124</td><td> </td><td> </td><td>231</td><td> </td><td>237</td></tr><tr><td>Total non-interest income</td><td> </td><td>141</td><td> </td><td> </td><td>155</td><td> </td><td> </td><td>287</td><td> </td><td>303</td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>NON-INTEREST EXPENSE:</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>Salaries and employee benefits</td><td> </td><td>1,262</td><td> </td><td> </td><td>1,138</td><td> </td><td> </td><td>2,599</td><td> </td><td>2,163</td></tr><tr><td>Office building and equipment expenses</td><td> </td><td>95</td><td> </td><td> </td><td>90</td><td> </td><td> </td><td>193</td><td> </td><td>184</td></tr><tr><td>Professional Services Expense</td><td> </td><td>179</td><td> </td><td> </td><td>170</td><td> </td><td> </td><td>390</td><td> </td><td>371</td></tr><tr><td>Data Processing Expense</td><td> </td><td>200</td><td> </td><td> </td><td>188</td><td> </td><td> </td><td>396</td><td> </td><td>370</td></tr><tr><td>Other operating expense</td><td> </td><td>257</td><td> </td><td> </td><td>214</td><td> </td><td> </td><td>486</td><td> </td><td>399</td></tr><tr><td>Total non-interest expense</td><td> </td><td>1,993</td><td> </td><td> </td><td>1,800</td><td> </td><td> </td><td>4,064</td><td> </td><td>3,487</td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>Income before income taxes</td><td> </td><td>502</td><td> </td><td> </td><td>499</td><td> </td><td> </td><td>756</td><td> </td><td>737</td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>PROVISION FOR INCOME TAXES</td><td> </td><td>131</td><td> </td><td> </td><td>130</td><td> </td><td> </td><td>197</td><td> </td><td>192</td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>Net Income</td><td>$</td><td>371</td><td> </td><td>$</td><td>369</td><td> </td><td>$</td><td>559</td><td>$</td><td>545</td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>EARNINGS PER SHARE:</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>Basic</td><td>$</td><td>0.49</td><td> </td><td>$</td><td>0.49</td><td> </td><td>$</td><td>0.73</td><td>$</td><td>0.72</td></tr><tr><td>Diluted</td><td>$</td><td>0.49</td><td> </td><td>$</td><td>0.48</td><td> </td><td>$</td><td>0.73</td><td>$</td><td>0.71</td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>DIVIDENDS DECLARED PER SHARE</td><td>$</td><td>---</td><td> </td><td>$</td><td>---</td><td> </td><td>$</td><td>---</td><td>$</td><td>---</td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>AVERAGE SHARES OUTSTANDING:</td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr><tr><td>Basic</td><td> </td><td>760,613</td><td> </td><td> </td><td>759,632</td><td> </td><td> </td><td>761,309</td><td> </td><td>759,632</td></tr><tr><td>Diluted</td><td> </td><td>762,808</td><td> </td><td> </td><td>766,615</td><td> </td><td> </td><td>764,046</td><td> </td><td>765,926</td></tr><tr><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td><td> </td></tr></tbody></table> <p>Contact: Gates Little<br/>(256) 543-3860</p> <img src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZMU1qazVOU00zTkRJeE1qY3lJekl3TVRjMU5UST0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://www.globenewswire.com/newsroom/ti/query-bmY9T1RZMU1qazVOU00zTkRJeE1qY3lJekl3TVRjMU5UST0"/> <br/><img src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/M2Y2Y2E5ZjItNjJmMS00YTgyLTg1M2UtMTc1MDhhMWRhNWNhLTEwMjkxMjUtMjAyNi0wMi0xMS1lbg==/tiny/The-Southern-Banc-Company-Inc-.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1" height="1" original-src="https://imageproxy.pbkrs.com/https://ml.globenewswire.com/media/M2Y2Y2E5ZjItNjJmMS00YTgyLTg1M2UtMTc1MDhhMWRhNWNhLTEwMjkxMjUtMjAyNi0wMi0xMS1lbg==/tiny/The-Southern-Banc-Company-Inc-.png"/></article></div>

SMBC

GSBC

<p>The Southern Banc Company, Inc. reported a net income of approximately $371,000 for Q2 2025, slightly up from $369,000 in Q2 2024. For the six months ending December 31, 2025, net income was about $559,000, compared to $545,000 in the same period last year. The company saw a 6.74% increase in net interest income before provision for loan losses, totaling approximately $2.4 million. However, total non-interest income decreased by 9.24%, while non-interest expenses rose by 10.73%. Total assets reached approximately $128.8 million as of December 31, 2025.</p>

The Southern Banc Company, Inc. Announces Second Quarter Earnings | SRNN Stock News