CIB Marine Bancshares, Inc. Announces Third Quarter 2026 Results
CIB Marine Bancshares reported Q3 2026 net income of $0.8 million ($0.58 basic / $0.57 diluted EPS), down from $0.9 million a year earlier, while nine-month net income rose to $2.3 million from $1.9 million. Net interest margin expanded to 3.05% from 2.77% a year ago, driven by falling funding costs and higher earning-asset yields, and the efficiency ratio improved to 83.96%. The key concern is credit migration: classified loans (Special Mention, Substandard, Doubtful) rose from $37 million at year-end 2025 to $56 million, concentrated in commercial and CRE, with higher provisions and resumed charge-offs.
Key figures
- Eps
- 0.57
- Revenue
- $0.8 million net income
- Acl to loans
- 1.23%
- Total assets
- 812901000
- Q3 net income
- 767000
- Classified loans
- 56452000
- Efficiency ratio
- 83.96%
- Buyback avg price
- 38.33
- Buyback ytd dollars
- $1.2 million
- Nine month net income
- 2268000
- Net interest margin q3
- 3.05%
- Q3 net income prior year
- 908000
- Buyback total repurchased
- $2.5 million of $3.5 million authorized
- Classified loans dec 2025
- 37335000
- Nonaccrual loans to loans
- 1.15%
- Tangible book value per share
- 60.67
- Nine month net income prior year
- 1897000
- Net interest margin prior year q3
- 2.77%
AI analysis
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