Sturgis Bancorp, Inc. Reports Financial Results for Second Quarter 2026
Sturgis Bancorp reported Q2 2026 net income of $2.5 million, or $1.16 per share, an increase from $1.6 million and $0.76 per share in the year-ago period. Net interest income after provision rose 19% year-over-year to $9.5 million, aided by a $688,000 reversal in credit losses linked to a $40.1 million mortgage sale.
Key figures
- Eps
- 1.16
- Net income
- 2500000
- Total assets
- 1030000000
- Dividend per share
- 0.18
- Tax equivalent nim
- 3.77%
- Net interest income
- 9500000
- Tier 1 leverage capital
- 8.63%
AI analysis
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