Q2 2026 net income up 70% to $11.2M as margin expands 37bp; $61M equity raise funds growth

Filed August 3, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 1, 2025 · ~2 min read

Key Changes

• high

  Net income to common shareholders rose 70% to $11.2 million in Q2 2026 from $6.6 million in Q2 2025, with diluted EPS climbing from $0.81 to $1.20. Return on average equity improved to 10.46% from 7.05%.

  MD&A: Net Income and EPS verify on EDGAR →
• high

  Net interest margin (tax-equivalent) expanded 37 basis points to 2.87% in Q2 2026 from 2.50% in Q2 2025, driven by asset growth and lower deposit costs. This continues the prior-year trend when margin rose 52 basis points.

  MD&A: Net Interest Margin verify on EDGAR →
• high

  April 2026 public offering of 1,207,500 shares at $54.00 per share raised $61.3 million net. Proceeds funded the June 30, 2026 redemption of $11.5 million in subordinated debt and support organic growth and bank capital.

  MD&A: Equity Raise and Debt Redemption verify on EDGAR →