Pacific Financial Q1 net income rises 28% yr/yr

Pacific Financial

24/04/2026 13:39

Overview

U.S. community bank's Q1 net income rose 28% yr/yr, EPS up to $0.30

Net interest income grew 6% yr/yr but fell 3% from Q4 2025

Dividend maintained at $0.15 per share, up from $0.14 a year ago

Outlook

Company did not provide specific guidance for future quarters or full-year results

Result Drivers

RATE CUT IMPACT - Co said lower yields on loans and interest-earning cash reflected a full quarter of Federal Reserve rate reductions

CREDIT LOSS RECAPTURE - Co recognized a $300,000 recapture for credit losses due to lower loans outstanding, reduced unfunded commitments, and updated economic forecasts

LOWER NONINTEREST INCOME - Noninterest income declined from the prior quarter, mainly due to lower fee card network incentives

Company press release: ID:nGNX8NYLRj

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.30
Q1 Net Income
$3.05 mln
Q1 Net Interest Income
$11.98 mln
Q1 Dividend
$0.15
Q1 Net Interest Margin
4.04%


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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.)