Security Midwest Bancorp, INC
Market Movers (8-K)
OQB
Security Midwest Bancorp, Inc. announced the completion of regulatory approvals for its conversion to stock form and related initial public offering, expected to close July 31, 2025.
Capital raise
OQB
Security Midwest Bancorp, Inc. announced the completion of its community offering, a key step towards the mutual-to-stock conversion of Security Bank, s.b.
Capital raise
OQB
Security Midwest Bancorp, Inc. has commenced a local community offering of shares for residents of Sangamon County, Illinois, as part of Security Bank's mutual-to-stock conversion.
Capital raise
OQB
Security Midwest Bancorp, Inc. and Security Bank, s.b. have engaged Performance Trust Capital Partners, LLC as a marketing agent for their upcoming common stock offering in connection with the Bank's mutual-to-stock conversion.
Capital raise
Quarterly Earnings (10-Q)
OQB
Security Midwest Bancorp reported a modest increase in net income for the first quarter of 2026, driven by higher interest income, despite a rise in noninterest expenses.
OQB
Security Midwest Bancorp reports mixed Q3 results with a net income decrease, but a significant increase in shareholder equity following its stock conversion and strategic investment restructuring.
Capital raise
OQB
Security Midwest Bancorp, Inc. reported a significant increase in net income for the second quarter and first half of 2025, driven by improved net interest income and effective interest rate management.
Better than expected
Capital raise
OQB
Security Midwest Bancorp, primarily reflecting Security Bank's operations, reported a 48.9% increase in net income for Q1 2025, driven by higher net interest income and reduced credit loss provisions.
Capital raise
Better than expected
Delay expected
Annual Reports (10-K)
OQB
Security Midwest Bancorp, Inc. has filed an Amendment No. 1 to its Annual Report on Form 10-K for the fiscal year ended December 31, 2025, primarily to provide additional information for Part III.
OQB
Security Midwest Bancorp, Inc. reported a net income of $299,000 for the fiscal year ended December 31, 2025, a decrease from the previous year, impacted by increased pension expenses and a loss on securities sale.
Worse than expected
New Public Companies (S-1)
OQB
Security Midwest Bancorp, Inc. is offering up to 1,322,500 shares at $10.00 each in connection with Security Bank's mutual-to-stock conversion, aiming to boost capital and expand lending.
Capital raise
Better than expected
OQB
Security Midwest Bancorp, the proposed holding company for Security Bank, s.b., filed an S-1/A to proceed with its mutual-to-stock conversion and public offering of up to 1,322,500 shares at $10.00 per share.
Capital raise
Worse than expected
Schedule 13G - Passive Investments
OQB
Raymond James Financial Services Advisors, Inc. has reported a 7.2% beneficial ownership stake in Security Midwest Bancorp, Inc. as of December 31, 2025.
OQB
The Security Bank, s.b. Employee Stock Ownership Plan Trust has reported beneficial ownership of 7% of Security Midwest Bancorp, Inc.'s common stock.