Q2 net income +34% to $40.2M on margin expansion and lower credit costs

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~1 min read

Key Changes

• high

  Net income rose 33.6% to $40.2M ($0.90 diluted EPS, +36.4%) in Q2 2026 vs Q2 2025, driven by $4.9M higher net interest income and a $4.8M reduction in credit-loss provision.

  MD&A: Q2 net income and EPS verify on EDGAR →
• high

  Net interest margin expanded 10 basis points YoY to 4.28% in Q2 2026, as average deposit costs fell 35 basis points to 1.92%, reflecting repricing of time deposits and money-market accounts.

  MD&A: Net interest margin expansion verify on EDGAR →
• high

  Annualized net charge-off ratio improved to 0.24% in Q2 2026 from 0.43% in Q2 2025, reflecting better credit performance and lower realized losses.

  MD&A: Net charge-off ratio verify on EDGAR →