STEELE BANCORP INC (STLE) Form 8-K — Oct 23, 2026
Steele Bancorp reported Q3 2026 net income of $5.46 million ($1.60 EPS), down 60.1% from $13.68 million a year ago, but the decline reflects non-recurring prior-year items including a $17.83 million bargain purchase gain and $3.87 million of merger expenses tied to the August 2025 Northumberland Bancorp merger. Core operating trends were strong: net interest income rose 38.1% to $13.63 million, GAAP net interest margin expanded to 4.46% from 3.90%, and book value per share climbed to $37.20. The stock has rallied from $25.83 to $46.71 over five quarters.
Key figures
- Eps
- 1.6
- Net Income
- 5462000
- Total Assets
- 1275233000
- Total Deposits
- 1123320000
- Book Value Per Share
- 37.2
- Net Income Yoy Change
- -60.1%
- Stockholders Equity
- 126681000
- Equity To Assets Ratio
- 9.93%
- Net Interest Income Q3
- 13626000
- Nonperforming Assets
- 7282000
- Net Income Prior Year Q3
- 13678000
- Provision Prior Year Q3
- 4228000
- Fhlb Borrowing Capacity
- 498260000
- Net Interest Margin Gaap
- 4.46%
- Return On Average Assets
- 1.69%
- Return On Average Equity
- 17.15%
- Net Interest Income Q3 Yoy
- +38.1%
- Provision For Credit Losses Q3
- 625000
- Nonperforming Assets Prior Year
- 1591000
- Bargain Purchase Gain Prior Year Q3
- 17827000
AI analysis
Red flags4 · Pro
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.