West Coast Community Bancorp Announces Earnings for the Third Quarter of 2026
West Coast Community Bancorp posted record Q3 2026 net income of $16.7 million, up 37.7% from $12.2 million in Q2, with diluted EPS of $1.59 versus $1.16 the prior quarter. Net interest income rose 12% sequentially to $37.1 million on loan growth and higher earning assets, with NIM at 5.20% (taxable equivalent), while nine-month net income rose 19.7% year-over-year to $43.9 million. The board declared a $0.29 quarterly dividend, a $0.04 per share increase, and management highlighted expansion into Silicon Valley and the recent Nasdaq listing.
Key figures
- Eps
- 1.59
- Revenue
- 0
- Roaa
- 2.21%
- Roae
- 16.44%
- Total assets
- 2983584000
- Cost of funds
- 1.31%
- Q2 net income
- 12161000
- Q3 net income
- 16740000
- Net income qoq
- 37.7%
- Total deposits
- 2555185000
- Loan growth qoq
- $65.6 million, or 2.9%
- Total loans net
- 2336998000
- Efficiency ratio
- 42.31%
- Nonaccrual loans
- 11881000
- Dividend increase
- $0.04 per share
- Taxable equiv nim
- 5.20%
- Dividend per share
- 0.29
- Net interest income
- 37100000
- Net interest margin
- 5.18%
- Book value per share
- 38.25
- Nine month net income
- 43888000
- Tier 1 leverage ratio
- 12.07%
- Nine month diluted eps
- 4.17
- Net interest income qoq
- 12.0%
- Nine month net income yoy
- 19.7%
- Tangible book value per share
- 32.46
- Total risk based capital ratio
- 14.59%
- Q3 tax benefit renewable energy credits
- 920000
AI analysis
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