Oregon Pacific Bancorp Announces Third Quarter 2026 Earnings Results
Oregon Pacific Bancorp reported Q3 2026 net income of $2.75 million, or $0.38 per diluted share, up from $2.21 million ($0.31) a year earlier, with net interest income rising to $8.58 million from $7.72 million. The company retired $15.0 million of subordinated debt that was set to reprice to roughly 6.34%, avoiding an estimated $505 thousand in annual interest expense, or about $0.04-$0.05 per diluted share, enabled by a Tier 1 leverage ratio of 10.74%. Asset quality improved: classified assets fell $4.6 million to $14.9 million and past-due loans dropped to 0.25% from 1.30%, though a $7.0 million delayed multi-family construction project moved to nonaccrual with foreclosure possible.
Key figures
- Eps
- 0.38
- Revenue Yoy
- 0
- Net income
- 2745000
- Past due ratio
- 0.25%
- Loan growth qoq
- 2800000
- Loan production
- 46400000
- Cost of deposits
- 1.16%
- Classified assets
- 14945000
- Deposit growth qoq
- 19300000
- Eps impact avoided
- $0.04 to $0.05 per diluted share
- Deposits period end
- 728046000
- Net interest income
- 8581000
- Net interest margin
- 4.18%
- Noninterest expense
- 6967000
- Nonperforming loans
- 7286000
- Book value per share
- 11.57
- Return on avg assets
- 1.28%
- Return on avg equity
- 14.20%
- Tier1 leverage ratio
- 10.74%
- Subordinated debt retired
- 15000000
- Annual interest expense avoided
- 505000
- Nonperforming assets pct assets
- 0.90%
AI analysis
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