$PFBX 8-K earnings — Q2 FY26

EPS of $0.19 missed the prior-year $0.27 (-30% YoY), with net income falling $345K to $897K. Revenue quality weakened as net interest income dropped $553K (-10%) to $4.9M, driven by lower securities and fed funds income. The key nuance: the 80% efficiency ratio (up from 78%) signals rising costs pressuring margins, while $29.4M in unrealized AFS securities losses persist from higher rates—no credit impairment, but a headwind to book value.

EPS of $0.19 missed the prior-year $0.27 (-30% YoY), with net income falling $345K to $897K. Revenue quality weakened as net interest income dropped $553K (-10%) to $4.9M, driven by lower securities and fed funds income. The key nuance: the 80% efficiency ratio (up from 78%) signals rising costs pressuring margins, while $29.4M in unrealized AFS securities losses persist from higher rates—no credit impairment, but a headwind to book value.