Quarterly ResultJul 23, 2026, 09:07 AM
ECB Bancorp Q2 Net Income $3.3M, EPS $0.39; Earnings Up 126.5% YoY
AI Summary
ECB Bancorp, Inc. reported strong financial results for the second quarter ended June 30, 2026, with net income reaching $3.3 million, a 126.5% increase year-over-year, and diluted EPS of $0.39. The company saw a 2.0% quarter-over-quarter increase in net interest and dividend income and a 1.3% rise in total assets to $1.67 billion. Despite a slight decrease in total deposits, deposits excluding brokered deposits increased, and the company announced plans for expansion into the Medford market.
Key Highlights
- Net income for Q2 2026 was $3.3 million, up 126.5% year-over-year.
- Diluted earnings per share for Q2 2026 was $0.39, compared to $0.17 in Q2 2025.
- Net interest and dividend income increased 2.0% quarter-over-quarter to $10.0 million.
- Total assets grew 1.3% to $1.67 billion at June 30, 2026.
- Total deposits decreased 0.6% to $1.19 billion, though deposits excluding brokered deposits increased $18.3 million.
- Book value per common share increased to $20.56 at June 30, 2026 from $20.05 at March 31, 2026.
- Net interest margin decreased 4 basis points to 2.45% for Q2 2026.
- Company is preparing for planned expansion into the Medford market with a new branch.
Price Impact
More from ECBK