Zacks Investment Research has initiated coverage of Security Federal Corporation (SFDL) with an “Outperform” recommendation, citing the company’s resilient fundamentals, solid earnings trajectory and strong balance sheet that position it for sustainable long-term growth.Security Federal has demonstrated sustained profitability expansion despite a challenging environment. For the first half of 2025, net income rose 28% year over year to $5 million, lifting earnings per share to$1.56 from $1.20. The bank’s a ...