Sturgis Bancorp, Inc. Reports Financial Results for First Quarter 2026
Sturgis Bancorp reported Q1 2026 net income of $1.9 million, or $0.88 per share, up from $1.4 million and $0.67 per share in the prior year quarter. The company maintained a Tier 1 leverage capital ratio of 8.08%, paid a dividend of $0.18 per share, and grew total assets to $1.0 billion.
Key figures
- Eps
- 0.88
- Revenue
- $8.5 million
- Deal Value Usd
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Net income
- $1.9 million
- Dividend per share
- $0.18
- Net interest income
- $8.5 million
- Book value per share
- $29.78
- Tier 1 leverage capital
- 8.08%
- Provision for credit losses
- $121,000
- Tangible book value per share
- $25.68
AI analysis
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