First Seacoast Bancorp, Inc. (FSEA) Form 10-Q — Aug 7, 2026
First Seacoast Bancorp (Nasdaq: FSEA) filed its 10-Q for the quarter ended June 30, 2026, reporting net income of $249,000, or $0.06 basic EPS, a swing from a $545,000 net loss in the year-ago quarter. The six-month period still shows a net loss of $259,000, though improved from a $1,148,000 loss a year earlier. The filing confirms a definitive Agreement and Plan of Merger signed May 4, 2026 with Cambridge Financial Group, Inc., the mutual holding company of Cambridge Savings Bank, under which each First Seacoast share will be converted into $17.25 in cash. Closing is expected in the third quarter of 2026, subject to stockholder and regulatory approvals.
Key figures
- Eps
- Q2 2026: $0.06 basic / $0.05 diluted (vs. -$0.13 in Q2 2025); six months 2026: -$0.06
- Net Income
- 249000
- Deal Value Usd
- $17.25 per share in cash (aggregate deal value not stated)
- Shares Outstanding
- 4704425
- Outstanding options
- 511977
- Treasury shares held
- 612221
- Merger expected close
- third quarter of 2026
- Merger announcement date
- May 4, 2026
- Total loans june 30 2026
- 421864000
- Total stockholders equity
- 63810000
- Weighted avg option strike
- 8.72
- Allowance for credit losses
- 3428000
- Comprehensive income q2 2026
- 963000
- Non interest expense q2 2025
- 4365000
- Non interest expense q2 2026
- 4123000
- Shares repurchased under program
- 496854
- Net interest dividend income q2 2025
- 3428000
- Net interest dividend income q2 2026
- 3684000
Price after filing
Close on the filing date to close N calendar days later (from $17.08). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.