PSB Holdings Q1 profit rises 37% yr/yr, margin expands

PSB Holdings

27/04/2026 13:39

Overview

US community bank's Q1 net interest income rose yr/yr on higher loan and securities yields

Q1 net income and EPS increased from a year ago, but fell from prior quarter

Noninterest income rose on SBA loan sales and life insurance benefits; expenses up on higher salaries, FDIC premium

Outlook

Company says the loan pipeline remains strong heading into the second quarter

Result Drivers

NET INTEREST MARGIN - Higher loan and securities yields and increased loan balances drove net interest income growth

NONINTEREST INCOME - Gains on sale of SBA loans and life insurance benefits boosted noninterest income, partly offset by losses on security sales

OPERATING EXPENSES - Higher salaries, incentive accruals, FDIC insurance premium adjustment, and one-time legal/professional costs increased noninterest expenses

Company press release: ID:nGNXc0XVSB

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.82
Q1 Net Income
$3.44 mln
Q1 Net Interest Income
$11.88 mln
Q1 Basic EPS
$0.82
Q1 Pretax Profit
$3.93 mln


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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.)