First Seacoast swings to $249K profit, agrees to $17.25/share cash merger

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 8, 2025 · ~1 min read

Key Changes

• high

  Net income was $249,000 in Q2 2026, up from a $545,000 loss a year earlier, driven by a 27 bp net interest margin expansion to 2.62%.

  MD&A: Net income verify on EDGAR →
• high

  Total assets fell 3.9% to $576.1 million from year-end, with deposits down 3.5% to $454.2 million as retail deposits dropped $26.6 million.

  MD&A: Balance sheet verify on EDGAR →
• high

  Company entered a definitive merger agreement with Cambridge Financial Group; shareholders to receive $17.25 per share in cash, closing expected Q3 2026.

  Notes: Merger agreement verify on EDGAR →