What changed
GAAP EPS of $1.31 beat consensus of $0.42 by $0.89 (212%), but included a $1.30 gain from the insurance sale. Adjusted EPS of $0.53 still beat by $0.11 (26%). Revenue quality is mixed: net interest income rose 11% QoQ to $40M, and NIM expanded 31bps to 3.38%, but the quarter also included a $12.5M securities repositioning loss. The key nuance: the $35.9M insurance gain and $12.5M portfolio loss are both non-recurring; core operating earnings (adjusted net income $11.6M) show improving underlying profitability from loan growth and higher yields.
← Dashboard
Jul 23, 2026 10:59 PM ET