First Resource Bancorp, Inc. Reports Record Third Quarter 2026 Financial Results
First Resource Bancorp reported record Q3 2026 results, with net income of $2.9 million, up 30% year-over-year, and diluted EPS of $0.98, up 31%. The balance sheet grew on both sides: total loans rose 12% YoY to $737.1 million and deposits jumped 25% YoY to $789.6 million, while net interest margin expanded to 4.06% from 3.87% a year ago. Asset quality remains exceptional with non-performing assets at just 0.08% of total assets, and book value per share climbed to $21.98, a 15% annualized growth rate.
Key figures
- Eps
- 0.98
- Revenue
- 8508798
- Revenue Yoy
- 30%
- Net income
- 2940474
- Total loans
- 737135666
- Total assets
- 887592157
- Net income yoy
- 30%
- Roa annualized
- 1.36%
- Roe annualized
- 17.88%
- Total deposits
- 789563103
- Ytd net income
- 8196322
- Loan growth yoy
- 12%
- Deposit growth yoy
- 25%
- Dividend per share
- $0.02
- Ytd net income yoy
- 40%
- Net interest margin
- 4.06%
- Npa to total assets
- 0.08%
- Book value per share
- 21.98
- Total stockholders equity
- 66179992
AI analysis
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