First Commerce Bancorp, Inc. Reports First Quarter 2026 Results and Declares a Cash Dividend
First Commerce Bancorp reported Q1 2026 net income of $3.5 million, more than doubling the prior year's $1.7 million, driven by a 40.1% increase in net interest income. The Board reinstated a cash dividend of $0.05 per share, which is 25% higher than previous declarations, signaling confidence in the bank's organic growth initiatives.
Key figures
- Eps
- 0.18
- Revenue
- $24.9 million
- Guidance
- N/A
- Revenue Yoy
- 21.8%
- Offering Price
- 7
- Shares Offered
- 3000000
- Net income yoy
- $3.5 million
- Dividend per share
- $0.05
- Book value per share
- $9.22
- Net interest income yoy
- $12.1 million
- Tangible book value per share
- $9.22
AI analysis
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