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Get filing alertsCommunity Bancorp reports Q2 2026 earnings up 14% to $4.9M on margin expansion
Filed July 21, 2026 · Period ending July 21, 2026 · ~1 min read
Key Changes
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Q2 2026 net income rose 14.41% to $4.9M ($0.84/share) from $4.3M ($0.72/share) in Q2 2025; six-month earnings up 19.40% to $9.1M ($1.62/share) from $7.6M ($1.34/share).
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Net interest margin expanded to 4.00% in Q2 2026 from 3.47% in Q2 2025, driven by $1.1M higher loan interest from strong growth and higher yields; net interest income up 13.68% to $11.2M.
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Tangible book value per share increased 17% year-over-year; equity capital rose to $120.9M with book value of $21.58/share at June 30, 2026, up from $18.69/share a year earlier.
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Provision for credit losses rose to $720,967 in Q2 2026 from $407,046 in Q2 2025, driven primarily by $28.8M (3.06%) loan portfolio growth rather than credit quality deterioration.
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Declared quarterly dividend of $0.25/share payable August 1, 2026, up $0.01 from $0.24/share in Q2 2025; payout ratio for the quarter.
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Summary
Community Bancorp reported strong second-quarter 2026 results, with net income rising 14% to $4.9 million and earnings per share climbing to $0.84 from $0.72 a year earlier. The performance was driven by significant net interest margin expansion to 4.00% from 3.47%, reflecting higher loan yields and continued portfolio growth. Return on average assets improved to 1.53% from 1.38% in the prior-year quarter.
The company's balance sheet strengthened materially, with tangible book value per share up 17% year-over-year and equity capital reaching $120.9 million. The loan portfolio grew 3.06%, requiring a higher provision for credit losses that management attributed to growth rather than deteriorating credit quality. The company raised its quarterly dividend by a penny to $0.25 per share, maintaining a conservative 30% payout ratio while retaining capital to support continued expansion.
Section-by-Section Diff
Event · Exhibit 99.1
Community Bancorp. reported Q2 2026 earnings of $4.9M ($0.84/share), up 14.41% YoY, with net interest margin expanding to 4.00% and tangible book value rising 17%.
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Community Bancorp. (NASDAQ:CMTV), the parent company of Community National Bank (the “Bank”), reported consolidated earnings for the second quarter ended June 30, 2026, of $4.9 million or $0.84 per share, an increase of $621,097 or 14.41% compared to $4.3 million or $0.72 per share reported for the second quarter of 2025. Earnings for the six months ended June 30, 2026 were $9.1 million, or $1.62 per share, also a significant increase of $1.5 million or 19.40% compared to $7.6 million or $1.34 per share in the same period in 2025.
Community Bancorp. reported second quarter 2026 net income of $4.9 million, or $0.84 per share, representing a 14.41% increase from $4.3 million, or $0.72 per share, in the same quarter of 2025. For the six-month period, earnings reached $9.1 million, or $1.62 per share, up 19.40% from $7.6 million, or $1.34 per share, in the prior-year period. The company's return on average assets improved to 1.53% for the quarter and 1.47% year-to-date, compared to 1.38% and 1.29% respectively in 2025.
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Total net interest income for the second quarter ended June 30, 2026, increased $1.4 million, or 13.68%, to $11.2 million, compared to $9.9 million for the same quarter in 2025. The quarter-over-quarter improvement reflects an increase of $1.1 million, or 7.72%, in interest and fees on loans due to strong loan growth and higher yields, partially offset by higher interest on deposits expense of $37,533, or 0.94%. Net interest income for the six months ended June 30, 2026, increased $2.9 million or 14.81%, to $22.2 million, compared to $19.3 million for the same period in 2025, reflecting the same trends.
Net interest income for Q2 2026 rose 13.68% to $11.2 million from $9.9 million in Q2 2025, driven by $1.1 million higher interest and fees on loans due to strong loan growth and higher yields. The net interest margin expanded to 4.00% for the quarter and 3.88% year-to-date, compared to 3.47% and 3.36% respectively in the prior year. For the six-month period, net interest income increased 14.81% to $22.2 million from $19.3 million.
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Contributing to the Company’s year-over-year growth in assets was growth in the Company's gross loan portfolio of $28.8 million, or 3.06%, compared to the 2025 period. ... The provision for credit losses for the second quarter ended June 30, 2026, was $720,967 compared to $407,046 for the same period in 2025. The year-to-date provision for credit losses was $1.1 million, compared to $732,100 for the same period in 2025. The $380,373 year-over-year increase was driven primarily by strong loan growth.
The gross loan portfolio grew $28.8 million, or 3.06%, year-over-year. The provision for credit losses was $720,967 for Q2 2026 compared to $407,046 in Q2 2025, with the year-to-date provision at $1.1 million versus $732,100 in the prior year. The $380,373 year-over-year increase in the provision was driven primarily by strong loan growth rather than credit quality deterioration.
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Equity capital increased to $120.9 million, with a book value per share of $21.58, as of June 30, 2026, compared to equity capital of $113.7 million and a book value per share of $20.36 as of December 31, 2025, and $106.3 million and book value per share of $18.69 as of June 30, 2025. ... Tangible book value per share increased by 17% for the year-to-date period compared to the same period of 2025.
Equity capital rose to $120.9 million with book value per share of $21.58 as of June 30, 2026, up from $113.7 million and $20.36 per share at year-end 2025. Tangible book value per share increased 17% year-over-year. The company's tangible common equity to tangible assets ratio improved to 9.41% from 8.21% a year earlier, and total capital to risk-weighted assets reached 16.05% compared to 14.85% in the prior year.
Event · Item 2.02 — Results of Operations and Financial Condition
Community Bancorp. disclosed Q2 2026 earnings results via press release.
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On July 21, 2026, Community Bancorp. issued a press release, a copy of which is furnished as Exhibit 99.1 to this Report on Form 8-K, announcing its earnings for the period ended June 30, 2026.
Community Bancorp. announced its financial results for the quarter ended June 30, 2026. The detailed earnings figures are contained in the press release attached as Exhibit 99.1, which was not included in the provided filing text.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 22, 2026 · How we verify