PSB Holdings, Inc. Reports Quarterly Earnings of $0.94 Per Share
PSB Holdings reported fiscal third quarter (ended September 30, 2026) diluted EPS of $0.94 on net income of $3.8 million, up from $0.81 the prior quarter and $0.86 a year ago. The quarter saw net interest margin expand to 3.48% on lower funding costs, while noninterest expenses fell $745,000 sequentially on staff reductions and lower merger costs; annualized charge-offs of 0.53% included a $1.1 million equipment-dealership charge-off.
Key figures
- Eps
- 0.94
- Revenue
- $12.5 million net interest income
- Guidance
- Merger with Bank First on track to close December 4, 2026; all shareholder and regulatory approvals received
- Rotce
- 11.98%
- Net income
- $3.8 million
- Total assets
- $1.51 billion
- Total deposits
- $1.21 billion
- Eps prior quarter
- 0.81
- Merger deal value
- $202.9 million
- Merger closing date
- December 4, 2026
- Net interest margin
- 3.48%
- Eps year ago quarter
- 0.86
- Merger exchange ratio
- 0.3470 Bank First shares per PSB share
- Nonperforming assets ratio
- 1.02%
- Net charge offs to avg loans
- 0.53%
- Tangible book value per share
- 30.99
AI analysis
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