Quarterly ResultMay 14, 2026, 03:36 PM
CSB Bancorp Q1 Net Income +22.9% to $4.44M; EPS $1.69
AI Summary
CSB Bancorp reported a strong first quarter for 2026, with net income increasing by 22.9% and basic and diluted earnings per share rising by 23.4% year-over-year. The growth was primarily driven by a significant increase in total interest and dividend income and net interest income. While total assets and deposits saw a slight quarter-over-quarter decrease, the company experienced healthy loan growth.
Key Highlights
- Net income increased 22.9% to $4.44 million for Q1 2026, up from $3.62 million in Q1 2025.
- Basic and diluted EPS rose 23.4% to $1.69 in Q1 2026, compared to $1.37 in Q1 2025.
- Total interest and dividend income grew 12.7% to $14.97 million in Q1 2026.
- Net interest income increased 18.4% to $11.47 million for Q1 2026.
- Total loans grew 2.8% to $852.69 million as of March 31, 2026, from $829.86 million at December 31, 2025.
- Total assets decreased 2.1% to $1.27 billion as of March 31, 2026, from $1.29 billion at December 31, 2025.
- Total deposits decreased 2.3% to $1.10 billion as of March 31, 2026, from $1.13 billion at December 31, 2025.
- Cash dividends declared increased to $0.43 per share in Q1 2026 from $0.40 per share in Q1 2025.