Sturgis Bancorp, Inc. Reports Financial Results for Third Quarter 2026
Sturgis Bancorp reported 3Q26 net income of $2.5 million ($1.17 EPS), up from $2.4 million ($1.09 EPS) a year earlier, with YTD net income of $7.0 million versus $5.4 million in YTD 2025. Total assets grew 7.22% YoY to $1.1 billion, deposits rose to $952 million, and the Bank completed a subordinated debt raise that ended the quarter at $24.8 million, partly used to repay ~$17.9 million of existing borrowings.
Key figures
- Eps
- 1.17
- Revenue
- 8946000
- Revenue Yoy
- 7.71% (net interest income, 3Q26 vs 3Q25)
- Eps ytd
- 3.21
- Net loans
- 771831000
- Net income
- 2536000
- Total assets
- 1071079000
- Total equity
- 65589000
- Net income ytd
- 6969000
- Total deposits
- 951644000
- Subordinated debt
- 24826000
- Dividend per share
- 0.18
- Net interest margin
- 3.72%
- Book value per share
- 30.13
- Tier 1 leverage capital
- 9.21%
- Provision for credit losses
- 45000
- Tangible book value per share
- 25.81
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