Commencement Bancorp Q3 profit rises to $2.0 million, EPS $0.55
Commencement Bancorp reported Q3 2026 net income of $2.0 million, or $0.55 per share, up from the prior quarter, with a 4.28% net interest margin.
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what happened
Commencement Bancorp, Inc. reported third-quarter 2026 net income of $2.0 million, or $0.55 per share, according to a press release distributed by ACCESS Newswire. That compares with $1.8 million, or $0.48 per share, in the second quarter.
Return on average assets stood at 1.11%, and the net interest margin was 4.28%, down one basis point from the previous quarter. Loans rose $13.5 million to $570.1 million, while deposits fell $23.0 million to $636.6 million.
Non-performing assets reached $1.8 million, or 0.25% of assets, up from $0.5 million.
why it matters
The margin dip was tied to a reversal of interest on one nonaccrual loan, worth 7 basis points, according to the company. Seasonal deposit outflows make funding costs a key factor in defending the margin. The rise in non-performing assets, driven by two nonaccrual loans, is a credit point investors may watch in coming quarters.
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sources
- Commencement Bancorp, Inc. (CBWA) Q3 Net Income $2.0M, EPS $0.55 — accessnewswire.com, 29 October 2026 at 18:45 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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