Quarterly ResultMay 6, 2026, 04:39 PM
PFS Bancorp Q1 Net Income +11.6% to $318K; EPS $0.21
AI Summary
PFS Bancorp reported an 11.6% increase in net income to $318 thousand for the three months ended March 31, 2026, with basic earnings per share rising to $0.21. Total interest and dividend income grew by 8.2% to $2.295 million, while net interest income increased by 13.8% to $1.489 million. The company also saw a significant decrease in its provision for credit losses. Total assets and deposits showed growth, reaching $210.7 million and $170.1 million respectively.
Key Highlights
- Net income increased 11.6% to $318 thousand for the three months ended March 31, 2026.
- Basic earnings per share rose to $0.21 for Q1 2026, up from $0.18 in the prior year.
- Total interest and dividend income grew 8.2% to $2.295 million for Q1 2026.
- Net interest income increased 13.8% to $1.489 million for the quarter.
- Provision for credit losses decreased 73.2% to $15 thousand for Q1 2026.
- Total assets increased to $210.7 million as of March 31, 2026, from $206.9 million.
- Total deposits reached $170.1 million as of March 31, 2026, up from $166.5 million.
- The company purchased $201 thousand in treasury stock during the quarter.