Security Federal (SFDL) Q4 2024 Earnings Report

Security Federal Corporation delivered a solid Q4 2024 with revenue of $22.65 million and net income of $3.42 million (EPS $0.94), marking a 71.9% YoY revenue surge and a 4.1% QoQ gain in topline activity. Net income rose sequentially despite a year‑over‑year gross profit decline, reflecting controlled operating expenses and favorable financing dynamics in a low interest rate environment. The company ended the quarter with ample liquidity, tangible cash at quarter end of approximately $178.3 million, and net debt in a negative position of about $(135.6) million, underscoring a robust liquidity runway. On a valuation basis, SFDL trades around 0.48x price-to-book and roughly 6.4x trailing P/E, placing it in the lower-to-mid range of regional bank peers and suggesting potential upside if earnings power and asset quality stabilize or improve over time.