Quarterly ResultMay 15, 2026, 10:07 AM
Community Bancorp Q1 Net Income +23.9% to $4.37M; EPS $0.78
AI Summary
Community Bancorp reported a significant increase in net income and earnings per share for the first quarter of 2026, driven by strong net interest income growth. However, the company experienced a decrease in total assets and deposits compared to the end of 2025, while its loan portfolio continued to expand. The credit loss expense for loans also saw a slight increase.
Key Highlights
- Net income increased 23.9% to $4,369,102 for Q1 2026, up from $3,525,455 in Q1 2025.
- Earnings per common share rose 25.8% to $0.78 in Q1 2026, compared to $0.62 in Q1 2025.
- Net interest income grew to $10,947,880 in Q1 2026, a 16.0% increase from $9,438,324 in Q1 2025.
- Total assets decreased to $1,235,284,772 as of March 31, 2026, from $1,287,558,946 at December 31, 2025.
- Total deposits were $1,017,766,757 as of March 31, 2026, down from $1,070,668,001 at December 31, 2025.
- Loans increased to $983,876,487 as of March 31, 2026, from $965,285,662 at December 31, 2025.
- Credit loss expense for loans was $426,984 in Q1 2026, up from $418,874 in Q1 2025.
- Dividends declared per common share increased to $0.25 in Q1 2026 from $0.24 in Q1 2025.
Price Impact
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