American Business Bank Q1 net income rises

American Business Bank

28/04/2026 14:15

Overview

US business bank's Q1 net income rose

Net interest margin expanded to 3.93%, up from 3.78% in prior quarter

Company raised quarterly dividend and repurchased shares in Q1

Outlook

Company expects overall net loan growth to be lower in 2026 than in 2025

Company anticipates limited loan growth in Q2 due to loan payoffs

Company projects moderate loan growth for the full year

Result Drivers

LOAN GROWTH AND REPRICING - Co said higher average loan balances and loan repricing at higher rates contributed to increased net interest income and margin

LOWER DEPOSIT COSTS - Decline in cost of deposits supported margin expansion, with deposit costs falling to 0.97% from 1.02% in the prior quarter

NON-RECURRING FHLB DIVIDEND - Net interest income was boosted by a special, non-recurring FHLB dividend of $430,000 in the quarter

Company press release: ID:nBw33ZM21a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$15.90 mln
Q1 Net Interest Income
$41.70 mln
Q1 Net Interest Margin
3.93%


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)