CONSUMERS BANCORP INC /OH/

Consumers Bancorp, Inc. reported strong financial results for the fourth quarter and full fiscal year ended June 30, 2026. Net income for Q4 FY26 increased by 29.0% to $3.0 million, with full-year net income rising 28.8% to $11.2 million. The company saw significant growth in net interest income, total loans (up 15.3%), and total deposits (up 8.1%). CEO Ralph J. Lober II highlighted strong loan demand, record loan commitments, and strategic investments in management, sales talent, technology, and new markets for future growth.

Consumers Bancorp announced the departure of Scott E. Dodds, Executive Vice President and Senior Loan Officer, effective June 26, 2026. Mr. Dodds left his position due to a disability, having served the company since November 2013. His departure was not due to any disagreements with the company's board or management. In connection with his departure, Mr. Dodds received a disability benefit, a $34,320 lump sum cash payment, a $10,730 advanced payout for paid time off, and accelerated vesting of stock awards valued at $24,434.

Consumers Bancorp reported a significant increase in net income and earnings per share for the three and nine months ended March 31, 2026. Net income for the quarter rose by 52.19% to $2.817 million, with EPS reaching $0.90. For the nine-month period, net income increased by 28.73% to $8.206 million, and EPS grew to $2.61. The company also saw growth in total assets, loans, and deposits.