Main Street Financial Services Corp. Announces Record Q3 2026 Earnings, Highlighted by 43% Net Income Growth
Main Street Financial Services Corp. reported record Q3 2026 net income of $6.5 million, or $0.83 per share, up 43.1% from $4.5 million, or $0.58, a year earlier. Net interest margin expanded 17 bps to 3.88%, the efficiency ratio improved to 47.72% from 55.54%, and ROCTE rose 390 bps to 20.53%. Deposits grew $58.6 million (16.9% annualized) with zero wholesale FHLB funding outstanding.
Key figures
- Eps
- 0.83
- Revenue
- $16.0 million
- Revenue Yoy
- 0
- Nim
- 3.88%
- Roa
- 1.62%
- Roe
- 18.62%
- Loans
- 1310800000
- Rocte
- 20.53%
- Deposits
- 1442327000
- Net income
- 6493000
- Total assets
- 1608470000
- Net income yoy
- 43.1%
- Efficiency ratio
- 47.72%
- Allowance coverage
- 1.06%
- Dividend per share
- $0.15
- Net interest income
- 14811000
- Nonperforming loans
- 9113000
AI analysis
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