Exchange Bank lifts net interest income in third quarter
Exchange Bank posted a rise in third-quarter net interest income of 8.4% year on year, driven by lower interest expense and bigger loan balances, Reuters reports.
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what happened
Community bank Exchange Bank reported its third-quarter results. Net income came in at 8.87 mln, net interest income at 25.18 mln and pretax profit at 10.62 mln. Net interest income rose 8.4% from a year earlier, which the company linked to lower interest expense and higher loan balances.
Non-interest income fell 13.8% because the prior year included one-time gains that did not recur. Personnel and other operating expenses increased. The company flagged elevated competition for deposits and a challenging rate environment, and expects investment portfolio cash flow of over 60 mln for the rest of 2026. The report was produced by Reuters automation and AI based on LSEG and company data, then checked by a Reuters journalist.
why it matters
For markets this is a routine quarterly report from a small regional lender, but the margin trend shows how deposit competition and the rate backdrop shape earnings at banks of this kind. Investors often read such results as a gauge for the wider regional bank group.
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- Exchange Bank Q3 net interest income rises on lower interest expense, increased loan balances — Reuters, 29 October 2026 at 18:12 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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