What changed
EPS of $0.53 beat the prior quarter's $0.48, a 10.4% increase, though no consensus estimate was provided. Revenue rose to $25.7M from $24.6M in Q1, driven by higher noninterest income and a reversal of provision for credit losses. The key nuance: the reversal of $149K provision (vs. a $412K provision in Q1) came from a previously reserved nonaccrual CRE loan payoff, not core operating strength, while net interest margin dipped to 3.08% due to a one-time Fed account accrual adjustment.
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Jul 23, 2026 08:48 PM ET