Southern Banc Company Inc
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 provides 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 e… Read more
Southern Banc Company Inc (SRNN) - Net Assets
Latest net assets as of September 2025: $17.18 Million USD
Based on the latest financial reports, Southern Banc Company Inc (SRNN) has net assets worth $17.18 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($127.17 Million) and total liabilities ($110.00 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $17.18 Million |
| % of Total Assets | 13.51% |
| Annual Growth Rate | -0.63% |
| 5-Year Change | 34.24% |
| 10-Year Change | 26.67% |
| Growth Volatility | 8.3 |
Southern Banc Company Inc - Net Assets Trend (1996–2025)
This chart illustrates how Southern Banc Company Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Southern Banc Company Inc (1996–2025)
The table below shows the annual net assets of Southern Banc Company Inc from 1996 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $16.72 Million | +15.57% |
| 2024-06-30 | $14.47 Million | +19.32% |
| 2023-06-30 | $12.12 Million | +14.37% |
| 2022-06-30 | $10.60 Million | -14.88% |
| 2021-06-30 | $12.45 Million | +0.86% |
| 2020-06-30 | $12.35 Million | +5.00% |
| 2019-06-30 | $11.76 Million | +7.80% |
| 2018-06-30 | $10.91 Million | -7.92% |
| 2017-06-30 | $11.85 Million | -10.24% |
| 2016-06-30 | $13.20 Million | -7.26% |
| 2015-06-30 | $14.23 Million | -3.21% |
| 2014-06-30 | $14.70 Million | -1.46% |
| 2013-06-30 | $14.92 Million | -8.21% |
| 2012-06-30 | $16.26 Million | +2.48% |
| 2011-06-30 | $15.86 Million | -1.87% |
| 2010-06-30 | $16.17 Million | +4.12% |
| 2009-06-30 | $15.53 Million | +2.53% |
| 2008-06-30 | $15.14 Million | +1.80% |
| 2007-06-30 | $14.88 Million | -0.42% |
| 2006-06-30 | $14.94 Million | -10.56% |
| 2005-06-30 | $16.70 Million | -3.19% |
| 2004-06-30 | $17.25 Million | -8.55% |
| 2003-06-30 | $18.87 Million | +2.84% |
| 2002-06-30 | $18.34 Million | +7.61% |
| 2001-06-30 | $17.05 Million | +4.45% |
| 2000-06-30 | $16.32 Million | -1.69% |
| 1999-06-30 | $16.60 Million | -10.75% |
| 1998-06-30 | $18.60 Million | +3.91% |
| 1997-06-30 | $17.90 Million | -10.95% |
| 1996-06-30 | $20.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Southern Banc Company Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 52.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $14.80 Million | 88.52% |
| Common Stock | $14.55K | 0.09% |
| Other Comprehensive Income | $-3.22 Million | -19.25% |
| Other Components | $5.12 Million | 30.64% |
| Total Equity | $16.72 Million | 100.00% |
Southern Banc Company Inc Competitors by Market Cap
The table below lists competitors of Southern Banc Company Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Copper Quest Exploration Inc.
F:3MX0
|
$4.68 Million |
|
Lee Swee Kiat Group Bhd
KLSE:8079
|
$4.68 Million |
|
Aages SA
RO:AAG
|
$4.68 Million |
|
Kein Hing International Bhd
KLSE:7199
|
$4.69 Million |
|
ACC Aviation Holdings Ltd
PINK:CAVG
|
$4.68 Million |
|
State GAS Ltd
AU:GAS
|
$4.68 Million |
|
Vynleads Inc
OTCQB:VYND
|
$4.68 Million |
|
Catcha Digital Bhd
KLSE:0173
|
$4.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Southern Banc Company Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 14,466,130 to 16,718,289, a change of 2,252,159 (15.6%).
- Net income of 915,443 contributed positively to equity growth.
- Share repurchases of 32,181 reduced equity.
- New share issuances of 41,750 increased equity.
- Other comprehensive income increased equity by 1,331,778.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $915.44K | +5.48% |
| Share Repurchases | $32.18K | -0.19% |
| Share Issuances | $41.75K | +0.25% |
| Other Comprehensive Income | $1.33 Million | +7.97% |
| Other Changes | $-4.63K | -0.03% |
| Total Change | $- | 15.57% |
Book Value vs Market Value Analysis
This analysis compares Southern Banc Company Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.50x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.96x to 0.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-06-30 | $11.39 | $10.98 | x |
| 1997-06-30 | $14.32 | $10.98 | x |
| 1998-06-30 | $18.23 | $10.98 | x |
| 1999-06-30 | $15.84 | $10.98 | x |
| 2000-06-30 | $17.91 | $10.98 | x |
| 2001-06-30 | $19.32 | $10.98 | x |
| 2002-06-30 | $20.09 | $10.98 | x |
| 2003-06-30 | $21.09 | $10.98 | x |
| 2004-06-30 | $18.90 | $10.98 | x |
| 2005-06-30 | $19.55 | $10.98 | x |
| 2006-06-30 | $18.48 | $10.98 | x |
| 2007-06-30 | $18.95 | $10.98 | x |
| 2008-06-30 | $19.39 | $10.98 | x |
| 2009-06-30 | $19.90 | $10.98 | x |
| 2013-06-30 | $19.12 | $10.98 | x |
| 2014-06-30 | $18.97 | $10.98 | x |
| 2015-06-30 | $18.40 | $10.98 | x |
| 2016-06-30 | $17.06 | $10.98 | x |
| 2017-06-30 | $15.39 | $10.98 | x |
| 2018-06-30 | $14.23 | $10.98 | x |
| 2019-06-30 | $15.34 | $10.98 | x |
| 2020-06-30 | $16.16 | $10.98 | x |
| 2021-06-30 | $16.36 | $10.98 | x |
| 2022-06-30 | $13.95 | $10.98 | x |
| 2023-06-30 | $15.89 | $10.98 | x |
| 2024-06-30 | $18.90 | $10.98 | x |
| 2025-06-30 | $21.84 | $10.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Southern Banc Company Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.48%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.54%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 7.42x
- Recent ROE (5.48%) is above the historical average (2.29%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 2.99% | 7.69% | 0.07x | 5.32x | $-1.41 Million |
| 1997 | 0.56% | 1.32% | 0.07x | 5.89x | $-1.69 Million |
| 1998 | 2.69% | 6.67% | 0.07x | 5.65x | $-1.36 Million |
| 1999 | 3.61% | 8.33% | 0.07x | 5.84x | $-1.06 Million |
| 2000 | 3.96% | 9.06% | 0.07x | 6.01x | $-986.20K |
| 2001 | 2.74% | 6.67% | 0.07x | 5.70x | $-1.24 Million |
| 2002 | 3.45% | 9.76% | 0.06x | 6.00x | $-1.20 Million |
| 2003 | 4.74% | 13.94% | 0.06x | 5.92x | $-992.12K |
| 2004 | 3.35% | 11.01% | 0.05x | 6.16x | $-1.15 Million |
| 2005 | 3.89% | 11.80% | 0.05x | 6.28x | $-1.02 Million |
| 2006 | 1.57% | 4.46% | 0.05x | 6.87x | $-1.26 Million |
| 2007 | -1.08% | -3.05% | 0.05x | 6.66x | $-1.65 Million |
| 2008 | -0.88% | -2.45% | 0.05x | 6.79x | $-1.65 Million |
| 2009 | -0.55% | -1.77% | 0.05x | 6.36x | $-1.64 Million |
| 2010 | 0.42% | 1.61% | 0.05x | 5.41x | $-1.55 Million |
| 2012 | 0.02% | 0.11% | 0.03x | 6.85x | $-1.62 Million |
| 2013 | -2.02% | -8.55% | 0.04x | 6.43x | $-1.79 Million |
| 2014 | -1.80% | -7.29% | 0.04x | 6.42x | $-1.74 Million |
| 2015 | -2.88% | -10.80% | 0.04x | 6.83x | $-1.83 Million |
| 2016 | -10.29% | -32.31% | 0.04x | 7.42x | $-2.68 Million |
| 2017 | -6.69% | -18.21% | 0.05x | 8.15x | $-1.98 Million |
| 2018 | -5.18% | -10.20% | 0.06x | 8.79x | $-1.66 Million |
| 2019 | 3.95% | 8.22% | 0.06x | 8.31x | $-711.50K |
| 2020 | 2.54% | 5.44% | 0.06x | 8.37x | $-920.79K |
| 2021 | 3.84% | 8.61% | 0.05x | 9.03x | $-767.45K |
| 2022 | 16.38% | 22.98% | 0.07x | 10.87x | $676.32K |
| 2023 | 20.41% | 25.36% | 0.09x | 8.95x | $1.26 Million |
| 2024 | 11.07% | 15.11% | 0.09x | 7.82x | $154.97K |
| 2025 | 5.48% | 7.54% | 0.10x | 7.42x | $-756.39K |
Industry Comparison
This section compares Southern Banc Company Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Southern Banc Company Inc (SRNN) | $17.18 Million | 2.99% | 6.40x | $4.68 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |